Segment Information (Tables)

6 Months Ended

Aug. 02, 2025

Summary of Financial Information on Business Segments

Presented below is financial information with respect to TJX’s segments:


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
In millions	August 2, 2025		August 3, 2024		August 2, 2025		August 3, 2024
Marmaxx
Net sales	$	8,841	$	8,445	$	16,893	$	16,195
Segment expenses(a)	7,587		7,254		14,532		13,907
Segment profit	$	1,254	$	1,191	$	2,361	$	2,288
HomeGoods
Net sales	$	2,286	$	2,101	$	4,540	$	4,180
Segment expenses(a)	2,058		1,910		4,082		3,791
Segment profit	$	228	$	191	$	458	$	389
TJX Canada
Net sales	$	1,381	$	1,244	$	2,525	$	2,357
Segment expenses(a)	1,160		1,057		2,182		2,033
Segment profit	$	221	$	187	$	343	$	324
TJX International
Net sales	$	1,893	$	1,678	$	3,554	$	3,215
Segment expenses(a)	1,794		1,605		3,383		3,081
Segment profit	$	99	$	73	$	171	$	134
Total TJX
Net sales	$	14,401	$	13,468	$	27,512	$	25,947
Segment expenses(a)	12,599		11,826		24,179		22,812
Segment profit	$	1,802	$	1,642	$	3,333	$	3,135
General corporate expense	182		220		397		373

Interest (income) expense, net	(27)		(46)		(57)		(96)
Income before income taxes	$	1,647	$	1,468	$	2,993	$	2,858

(a) Segment expenses for each reportable segment include cost of sales and selling, general and administrative expenses. Cost of sales includes buying and occupancy costs, cost of merchandise sold, and other expenses. Selling, general and administrative expenses include store payroll and benefit costs, communication costs, and other expenses. Refer to Note A - Basis of Presentation and Summary of Accounting Policies of Notes to Consolidated Financial Statements included in TJX’s Annual Report on Form 10-K for the fiscal year ended February 1, 2025 for more information on the classifications.

The following table presents identifiable assets by segment:


In millions	August 2, 2025		February 1, 2025		August 3, 2024
Identifiable assets:
In the United States:
Marmaxx	$	14,943	$	14,137	$	13,535
HomeGoods	4,201		4,037		3,938
TJX Canada	2,520		2,128		2,277
TJX International	4,647		4,243		4,323
Segment identifiable assets	$	26,311	$	24,545	$	24,073
Corporate(a)	6,574		7,204		6,482
Total identifiable assets	$	32,885	$	31,749	$	30,555

(a)Corporate identifiable assets primarily include cash and trust assets from the Executive Savings Plan, and as of August 2, 2025 and February 1, 2025, include the equity method investments. Consolidated cash, including that held by foreign entities, is reported with Corporate assets for consistency with segment reporting in the U.S.

The following table presents capital expenditures and depreciation and amortization by segment:


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
In millions	August 2, 2025		August 3, 2024		August 2, 2025		August 3, 2024
Capital expenditures:
In the United States:
Marmaxx	$	311	$	269	$	650	$	516
HomeGoods	57		191		118		260
TJX Canada	39		44		73		82
TJX International	54		59		117		124
Total capital expenditures	$	461	$	563	$	958	$	982
Depreciation and amortization:
In the United States:
Marmaxx	$	169	$	143	$	334	$	287
HomeGoods	57		51		113		102
TJX Canada	26		23		50		44
TJX International	55		47		105		94
Segment depreciation and amortization	$	307	$	264	$	602	$	527
Corporate(a)	1		1		2		2
Total depreciation and amortization	$	308	$	265	$	604	$	529

(a)Includes debt discount accretion and debt expense amortization.