Framingham-based TJX Cos. had a big fiscal 2026, capping off the year well above expectations and receiving a boost from the settlement of a long-running battle with credit card providers over fees.
TJX’s fiscal year wrapped up at the end of January and saw the firm bring in net sales of $60 billion, up 7% from 2025. It brought in net sales of $17.7 billion during the fourth quarter, up 9%.
“I am extremely pleased with our excellent performance in 2025!” TJX President & CEO Ernie Herrman said in a Wednesday press release. “We are pleased with the strong and consistent sales performance across all of our businesses, with each division delivering comp sales growth of 4% or better for the year.”
The company’s pretax profit margin was 12.1%, compared to last year’s margin of 11.5%. TJX returned $4.3 billion to shareholders in the fiscal year through share repurchases and dividends, well above company expectations, according to its earnings report.
TJX’s strong fiscal year was further boosted by a $470-million settlement payment stemming from a two-decade long dispute with Visa and Mastercard over allegations of price fixing and other anti-competitive practices among credit card providers.
First filed in 2005, the lawsuit made its way through federal courts for about 18 years before the Court of Appeals for the Second Circuit approved the $5.6-billion class action settlement agreed upon by the parties in the lawsuit in 2023, according to RetailConsumerProductsLaw.com.
TJX, one of many big retailers involved in the case, had settlement-related expenses of $249 million, according to its earnings report.
The company opened 129 locations across the world in fiscal 2026, ending the year with 5,214 stores. It grew its global square footage 2%, to 136.3 million square feet.
Founded in 1987, TJX operates brands that include Marshalls, TJ Maxx, and HomeGoods, with locations in the United States, Canada, Europe, and Australia. The company is traded on the New York Stock Exchange, with shares trading around $158.86 as of Wednesday morning, up 36.1% in the past 12 months.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the real estate and banking & finance industries.
