TJX TJX Companies, Inc. (The) Common Stock

NYSE · Retail · View on SEC EDGAR ↗
$141.22
Price · Aug 21, 2026
Fundamentals as of May 29, 2026

About TJX Companies, Inc. (The) Common Stock Company overview from Wikipedia

The TJX Companies, Inc. is an American multinational off-price department store corporation, headquartered in Framingham, Massachusetts. It was formed as a subsidiary of Zayre Corp. in 1987, and became the legal successor to Zayre Corp. following a company reorganization in 1989.

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The TJX Companies, Inc. (abbreviated TJX) is an American multinational off-price department store corporation, headquartered in Framingham, Massachusetts. It was formed as a subsidiary of Zayre Corp. in 1987, and became the legal successor to Zayre Corp. following a company reorganization in 1989.

As of 2019, TJX operates TJ Maxx (in the United States) and TK Maxx (in Australia and Europe), its flagship store chains, along with Marshalls, HomeGoods, HomeSense, and Sierra in the United States, and HomeSense, Marshalls, and Winners in Canada. There are over 4,557 discount stores in the TJX portfolio located in nine countries. TJX ranked No. 80 in the 2024 Fortune 500 list of the largest United States corporations by total revenue. TJX is a publicly listed stock on the New York Stock Exchange (NYSE) under the ticker symbol TJX and has a capital value of $170 Billion (November 2025).

History

Zayre

The TJ Maxx concept was first announced by Zayre Corp. in April 1977. Setting it apart from the main Zayre chain was a greater emphasis on "family apparel, giftwares, and domestic goods at discount prices". On May 19, 1977, the first two TJ Maxx stores held simultaneous openings in Auburn and Worcester, Massachusetts, with a third opening four days later in Charlotte, North Carolina. In June 1987, Zayre established The TJX Companies as a subsidiary and holding company of TJ Maxx and Hit or Miss. In the first half of 1988, Zayre stores had operating losses of $69 million on sales of $1.4 billion. Observers blamed technological inferiority, poor maintenance, inappropriate pricing, and inventory pileups, and Zayre appeared ripe for takeover. Throughout all this, however, The TJX Companies subsidiary continued to yield a profit. In October 1988, Zayre Corp. decided to focus its energies on TJX. It sold the entire chain of nearly 400 Zayre stores to Ames Department Stores Inc. In exchange, the company received $431.4 million in cash, a receivable note, and what was then valued at $140 million of Ames cumulative senior convertible preferred stock.

The company continued focus on its core business, spinning off unrelated operations including BJ's Wholesale Club and Home Club, leaving it with just one brand, T.J. Maxx. In June 1989, Zayre Corp. acquired the outstanding minority interest in TJX and merged with the subsidiary, changing its name from Zayre Corp. to The TJX Companies, Inc. in the process. The newly named company began trading on the New York Stock Exchange.

Expansion

In 1990, TJX expanded into an additional store brand division, and at the same time it first went international, as it entered the Canadian market by acquiring the five-store Winners chain. Two years later, it launched its third brand, HomeGoods, in the United States. TJX's expansion beyond North America came in 1994, when the fourth brand division, T.K. Maxx, was founded in the United Kingdom, and then expanded into Ireland. In 1995, TJX doubled in size when it acquired Marshalls, its fifth brand. T.J. Maxx and Marshalls later became consolidated as two brands under a single division, The Marmaxx Group. The following year, TJX Companies Inc. was added to the Standard & Poor's S&P 500 Composite Index, which consists of 500 of the largest companies in the United States. TJX sold Hit or Miss, a discount mall based clothing store in 1995 as well through an employee leveraged buyout.

TJX launched a sixth brand, A.J. Wright, in 1998 in the eastern U.S. The brand went national in 2004 when it opened its first stores in California on the west coast. The company's seventh brand division, HomeSense, formed in 2001, was a Canadian brand modeled after the existing US brand, HomeGoods. TJX revenue surpassed $10 billion that year.

In 2002, TJX revenue reached almost $12 billion. In 2003, TJX acquired an eighth brand division, Bob's Stores, concentrated in New England. In Canada, TJX began to configure some Winners and HomeSense stores side by side as superstores. The superstores feature open passageways between them, with dual branding. TJX's revenue in 2003 reached over $13 billion. TJX began to test the side-by-side superstore model in the United States in 2004, combining some of each of the two Marmaxx brand stores with HomeGoods. The company reached 141st position in the 2004 Fortune 500 rankings, with almost $15 billion in revenue. That year was also marked by the death of retired Zayre founder Stanley Feldberg.

In April 2008, TJX launched the HomeSense brand in the UK, with six stores opening throughout May. The brand is more upmarket than its Canadian namesake. Later that year, in August, TJX sold Bob's Stores to Versa Capital Management and Crystal Capital.

In December 2010, TJX announced that the A.J. Wright stores would be closed, cutting about 4,400 jobs, and that more than half of them would reopen under other company brands.

In December 2012, TJX acquired Sierra Trading Post, an off-price internet retailer of outdoor gear and apparel. Since its acquisition, the retail chain has opened over 70 brick-and-mortar stores in the United States. The chain rebranded to Sierra in 2019.

In July 2015, TJX acquired the Trade Secret and Home Secret off-price retail businesses from Australian company Gazal Corporation Limited. The deal was completed in December. In October, Ernie Herrman was named CEO of the company, replacing Carol Meyrowitz. He took over in January 2016.

In November 2019, TJX purchased a 25% stake in Russian retailer Familia.

COVID-19 impact

In 2020, TJX Companies announced that revenues dropped 31% over the months of May, June, and July, primarily due to extensive closures due to the COVID-19 pandemic. TJX Companies reported a 2020 second-quarter loss of $214 million.

Incidents

Computer systems intrusion

On January 17, 2007, TJX announced that it was the victim of an unauthorized computer systems intrusion. It discovered in mid-December 2006 that its computer systems were compromised and customer data was stolen. The hackers accessed a system that stores data on credit card, debit card, check, and merchandise return transactions. The intrusion was kept confidential as requested by law enforcement. TJX said that it was working with General Dynamics, IBM and Deloitte to upgrade computer security.

By the end of March 2007, the number of affected customers had reached 45.7 million, and prompted credit bureaus to seek legislation requiring retailers to be responsible for compromised customer information saved in their systems. In addition to credit card numbers, personal information such as social security numbers and driver's license numbers from 451,000 customers were downloaded by the intruders. The breach was possible due to a non-secure wireless network in one of the stores. Eleven men were charged in the theft, and one (Damon Patrick Toey) pleaded guilty to numerous charges related to the breach. Another, Jonathan James, professed his innocence and later committed suicide, apparently out of the belief that he was going to be indicted. The alleged ringleader Albert Gonzalez, was later indicted in August 2009 with attacking Heartland Payment Systems, where 130 million records were compromised.

Brands

Current brands

Operating divisions

Marmaxx (US) – TJ Maxx and Marshalls

HomeGoods (US) – HomeGoods and Homesense

Sierra (US) – Sierra

TJX Canada – Winners, HomeSense, and Marshalls

TJX International – TK Maxx (UK, Ireland, Poland, Austria, and the Netherlands) and Homesense (UK and Ireland)

=== Former brands ===

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

TJX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$141.22
Market Cap
$156.34B
P/E (TTM)
29.0
EPS (TTM)
$4.87
Revenue (TTM)
$60.37B
Div Yield
1.2%
ROE
57.7%
Debt/Equity
0.3
52W Range
$135 – $170

TJX Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $60.37B
3-point trend, +11.4%
2024-02-03 2026-01-31
EPS $4.87
3-point trend, +26.2%
2024-02-03 2026-01-31
Free Cash Flow $4.92B
3-point trend, +13.4%
2024-02-03 2026-01-31
Margins 9.1%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
TJX
Peer Median
P/E (TTM)
3-point trend, +21.8%
29.0
30.8
P/S (TTM)
3-point trend, +34.7%
2.6
0.4
P/B
3-point trend, +7.5%
15.3
3.1
EV / EBITDA
3-point trend, +16.5%
122.7
Price / FCF
3-point trend, +32.3%
31.8

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
TJX
Peer Median
Net Profit Margin
3-point trend, +10.3%
9.1%
0.47%
ROA
3-point trend, +9.3%
16.3%
0.81%
ROE
3-point trend, -8.9%
57.7%
2.5%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
TJX
Peer Median
Debt / Equity
3-point trend, -28.1%
0.3
Current Ratio
3-point trend, -6.1%
1.1
1.3
Quick Ratio
3-point trend, -12.8%
0.5

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
TJX
Peer Median
Revenue YoY
3-point trend, +11.4%
7.1%
Revenue CAGR 3Y
3-point trend, +11.4%
6.5%
Revenue CAGR 5Y
3-point trend, +11.4%
13.4%
EPS YoY
3-point trend, +26.2%
14.3%
Net Income YoY
3-point trend, +22.8%
13.0%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
TJX
Peer Median
EPS (Diluted)
3-point trend, +26.2%
$4.87

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
TJX
Peer Median
Payout Ratio
3-point trend, +1.1%
33.5%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
1.2%
Payout Ratio
33.5%
5Y Div CAGR
Ex-dateAmount
Aug. 13, 2026$0.4800
May 14, 2026$0.4800
Feb. 12, 2026$0.4250
Nov. 13, 2025$0.4250
Aug. 14, 2025$0.4250
May 15, 2025$0.4250
Feb. 13, 2025$0.3750
Nov. 14, 2024$0.3750
Aug. 15, 2024$0.3750
May 15, 2024$0.3750
Feb. 14, 2024$0.3330
Nov. 8, 2023$0.3330
Aug. 9, 2023$0.3330
May 10, 2023$0.3330
Feb. 8, 2023$0.2950
Nov. 9, 2022$0.2950
Aug. 10, 2022$0.2950
May 11, 2022$0.2950
Feb. 9, 2022$0.2600
Nov. 9, 2021$0.2600

TJX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 26 analysts
  • Strong Buy 11 42.3%
  • Buy 11 42.3%
  • Hold 3 11.5%
  • Sell 1 3.8%
  • Strong Sell 0 0.0%

12-Month Price Target

20 analysts · 2026-08-21
Median target $176.50 +25.0%
Mean target $174.20 +23.4%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Beat Rate
87.5%
Avg Surprise
0.05%
Period EPS Actual EPS Est Surprise
June 30, 2027 $1.22 $1.20 0.02%
March 31, 2027 $1.19 $1.03
Sept. 30, 2026 $1.22 $1.20 0.02%
June 30, 2026 $1.19 $1.03 0.16%
March 31, 2026 $1.43 $1.40 0.03%
Dec. 31, 2025 $1.28 $1.23 0.05%
Sept. 30, 2025 $1.10 $1.02 0.08%
June 30, 2025 $0.92 $0.91 0.01%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
TJX $165.85B 30.8 7.1% 9.1% 57.7%
ROST $60.35B 28.3 7.7% 9.4% 36.0%
BURL $18.56B 31.1 8.8% 5.3% 37.5%
GAP $10.41B 13.1 1.9% 5.3% 22.6% 40.8%
VSXY
URBN $6.33B 14.0 11.1% 7.5% 17.2% 36.0%
BOOT $4.53B 20.3 17.9% 10.0% 17.9% 38.1%
ANF 9.3 6.4% 9.6% 37.0%
AEO $3.94B 21.4 4.1% 3.5% 11.9% 36.5%
BKE $2.42B 11.4 6.6% 16.2% 46.6% 49.0%
RVLV $2.15B 35.1 8.5% 5.0% 12.6% 53.5%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 13
Annual Income Statement data for TJX
Metric Trend 20262025202420232022202120202019
Revenue 5-point trend, +24.4% $60.37B $56.36B $54.22B $49.94B $48.55B · · ·
Cost of Revenue 5-point trend, +20.1% $41.68B $39.11B $37.95B $36.15B $34.71B · · ·
SG&A Expense 5-point trend, +26.8% $11.52B $10.95B $10.47B $8.93B $9.08B · · ·
Interest Expense 5-point trend, -35.8% $79M $78M $82M $91M $123M · · ·
Interest Income 5-point trend, +4775.0% $195M $257M $249M $78M $4M · · ·
Pretax Income 5-point trend, +66.0% $7.30B $6.48B $5.97B $4.64B $4.40B · · ·
Income Tax 5-point trend, +61.9% $1.80B $1.62B $1.49B $1.14B $1.11B · · ·
Net Income 5-point trend, +67.3% $5.49B $4.86B $4.47B $3.50B $3.28B · · ·
EPS (Basic) 5-point trend, +79.9% $4.93 $4.31 $3.90 $3.00 $2.74 · · ·
EPS (Diluted) 5-point trend, +80.4% $4.87 $4.26 $3.86 $2.97 $2.70 · · ·
Shares (Basic) 5-point trend, -7.2% 1,114,000,000 1,128,000,000 1,146,000,000 1,166,000,000 1,200,000,000 · · ·
Shares (Diluted) 5-point trend, -7.2% 1,128,000,000 1,142,000,000 1,159,000,000 1,178,000,000 1,216,000,000 · · ·
EBITDA 5-point trend, +43.7% $1.25B $1.10B $964M $887M $868M · · ·
Balance Sheet 24
Annual Balance Sheet data for TJX
Metric Trend 20262025202420232022202120202019
Cash & Equivalents 8-point trend, +184.9% $6.23B $5.33B $5.60B $5.48B $6.23B $7.11B $6.62B $2.19B
Receivables 8-point trend, +59.7% $602M $549M $529M $563M $518M $616M $444M $377M
Inventory 8-point trend, +43.4% $7.30B $6.42B $5.96B $5.82B $5.96B $5.09B $3.74B $5.09B
Prepaid Expense 8-point trend, +142.6% $1.06B $617M $511M $478M $437M $459M $404M $439M
Current Assets 8-point trend, +83.9% $15.20B $12.99B $12.66B $12.46B $13.26B $13.39B $11.52B $8.27B
PP&E (Net) 8-point trend, +63.0% $8.22B $7.35B $6.57B $5.78B $5.27B $5.11B $5.10B $5.04B
PP&E (Gross) 6-point trend, +36.1% · · $14.62B $13.32B $12.44B $12.10B $11.46B $10.74B
Accum. Depreciation 6-point trend, +41.2% · · $8.05B $7.53B $7.17B $6.99B $6.36B $5.70B
Goodwill 8-point trend, +0.1% $96M $94M $95M $97M $97M $98M $97M $96M
Other Non-current Assets 8-point trend, +255.4% $1.77B $1.53B $849M $769M $795M $878M $740M $499M
Total Assets 8-point trend, +56.5% $35.77B $31.75B $29.75B $28.35B $28.46B $28.78B $26.57B $22.85B
Accounts Payable 8-point trend, +75.4% $4.58B $4.26B $3.86B $3.79B $4.46B $4.41B $2.42B $2.61B
Current Liabilities 8-point trend, +102.4% $13.36B $11.01B $10.45B $10.30B $10.47B $10.04B $7.65B $6.60B
Capital Leases 8-point trend, +14.9% $8.89B $8.28B $8.06B $7.78B $7.58B $7.91B $7.88B $7.74B
Deferred Tax 8-point trend, +36.1% $268M $156M $148M $127M $44M $3M $92M $197M
Other Non-current Liabilities 8-point trend, +52.4% $1.18B $1.05B $924M $919M $1.01B $1.07B $848M $777M
Long-term Debt 8-point trend, +28.4% $2.87B $2.87B $2.86B $3.36B $3.35B $3.35B $6.19B $2.24B
Total Debt 5-point trend, -14.5% $2.87B $2.87B $2.86B $3.36B $3.35B · · ·
Common Stock 8-point trend, -8.4% $1.11B $1.12B $1.13B $1.16B $1.18B $1.20B $1.20B $1.21B
Retained Earnings 8-point trend, +96.3% $9.43B $7.88B $6.70B $5.82B $5.51B $5.66B $4.12B $4.81B
AOCI 8-point trend, +50.8% $-351M $-609M $-532M $-606M $-687M $-578M $-723M $-713M
Stockholders' Equity 8-point trend, +92.2% $10.19B $8.39B $7.30B $6.36B $6.00B $6.41B $4.66B $5.30B
Liabilities + Equity 8-point trend, +56.5% $35.77B $31.75B $29.75B $28.35B $28.46B $28.78B $26.57B $22.85B
Shares Outstanding 8-point trend, -8.4% 1,107,087,991 1,119,000,000 1,134,000,000 1,155,000,000 1,181,000,000 1,202,981,000 1,199,061,000 1,208,933,000
Cash Flow 18
Annual Cash Flow data for TJX
Metric Trend 20262025202420232022202120202019
D&A 5-point trend, +43.7% $1.25B $1.10B $964M $887M $868M · · ·
Stock-based Comp 5-point trend, +13.2% $214M $183M $160M $122M $189M · · ·
Deferred Tax 5-point trend, +354.5% $112M $28M $-7M $64M $-44M · · ·
Other Non-cash 5-point trend, +84.4% $-193M $-63M $466M $-487M $-1.24B · · ·
Operating Cash Flow 5-point trend, +124.9% $6.87B $6.12B $6.06B $4.08B $3.06B · · ·
CapEx 5-point trend, +87.3% $1.96B $1.92B $1.72B $1.46B $1.04B · · ·
Investing Cash Flow 5-point trend, -89.4% $-1.98B $-2.48B $-1.72B $-1.47B $-1.05B · · ·
Debt Issued Flat — no change across 2 periods · · · $0 $0 · · ·
Net Debt Issued Flat — no change across 2 periods · · · $0 $0 · · ·
Stock Issued 5-point trend, +35.8% $311M $366M $285M $321M $229M · · ·
Stock Repurchased 5-point trend, +15.9% $2.52B $2.51B $2.48B $2.25B $2.18B · · ·
Net Stock Activity 5-point trend, -13.6% $-2.21B $-2.15B $-2.20B $-1.93B $-1.95B · · ·
Dividends Paid 5-point trend, +47.1% $1.84B $1.65B $1.48B $1.34B $1.25B · · ·
Financing Cash Flow 5-point trend, +33.6% $-4.12B $-3.84B $-4.21B $-3.31B $-6.20B · · ·
Net Change in Cash 5-point trend, +121.1% $895M $-265M $123M $-750M $-4.24B · · ·
Taxes Paid $1.47B · · · · · · ·
Free Cash Flow 5-point trend, +144.3% $4.92B $4.20B $4.33B $2.63B $2.01B · · ·
Levered FCF 5-point trend, +152.9% $4.86B $4.14B $4.27B $2.56B $1.92B · · ·
Profitability 5
Annual Profitability data for TJX
Metric Trend 20262025202420232022202120202019
Net Margin 5-point trend, +34.6% 9.1% 8.6% 8.2% 7.0% 6.8% · · ·
Pretax Margin 5-point trend, +33.4% 12.1% 11.5% 11.0% 9.3% 9.1% · · ·
EBITDA Margin 5-point trend, +15.6% 2.1% 2.0% 1.8% 1.8% 1.8% · · ·
ROA 5-point trend, +45.0% 16.3% 15.2% 14.9% 12.3% 11.2% · · ·
ROE 5-point trend, +9.3% 57.7% 58.7% 63.3% 58.2% 52.8% · · ·
Liquidity & Solvency 4
Annual Liquidity & Solvency data for TJX
Metric Trend 20262025202420232022202120202019
Current Ratio 5-point trend, -10.2% 1.1 1.2 1.2 1.2 1.3 · · ·
Quick Ratio 5-point trend, -20.6% 0.5 0.5 0.6 0.6 0.6 · · ·
Debt / Equity 5-point trend, -49.6% 0.3 0.3 0.4 0.5 0.6 · · ·
LT Debt / Equity 5-point trend, -67.2% 0.2 0.3 0.4 0.4 0.6 · · ·
Efficiency 3
Annual Efficiency data for TJX
Metric Trend 20262025202420232022202120202019
Asset Turnover 5-point trend, +7.8% 1.8 1.8 1.8 1.8 1.7 · · ·
Inventory Turnover 5-point trend, +10.2% 6.1 5.3 5.3 5.1 5.5 · · ·
Receivables Turnover 5-point trend, +22.4% 104.9 98.2 99.6 88.1 85.7 · · ·
Per Share 6
Annual Per Share data for TJX
Metric Trend 20262025202420232022202120202019
Book Value / Share 5-point trend, +81.1% $9.20 $7.50 $6.44 $5.51 $5.08 · · ·
Revenue / Share 5-point trend, +34.0% $53.52 $49.35 $46.78 $42.39 $39.94 · · ·
Cash Flow / Share 5-point trend, +142.3% $6.09 $5.36 $5.23 $3.47 $2.52 · · ·
Cash / Share 5-point trend, +6.7% $5.63 $4.77 $4.94 $4.74 $5.27 · · ·
Dividend / Share 5-point trend, +63.5% $2 $2 $1 $1 $1 · · ·
EPS (TTM) 5-point trend, +80.4% $4.87 $4.26 $3.86 $2.97 $2.70 · · ·
Growth Rates 10
Annual Growth Rates data for TJX
Metric Trend 20262025202420232022202120202019
Revenue YoY 5-point trend, -86.1% 7.1% 4.0% 8.6% 2.9% 51.1% · · ·
Revenue CAGR 3Y 3-point trend, -65.7% 6.5% 5.1% 19.0% · · · · ·
Revenue CAGR 5Y 13.4% · · · · · · ·
EPS YoY 5-point trend, -99.6% 14.3% 10.4% 30.0% 10.0% 3757.1% · · ·
EPS CAGR 3Y 3-point trend, -93.6% 17.9% 16.4% 280.6% · · · · ·
EPS CAGR 5Y 133.6% · · · · · · ·
Net Income YoY 5-point trend, -99.6% 13.0% 8.7% 27.9% 6.6% 3547.8% · · ·
Net Income CAGR 3Y 3-point trend, -93.9% 16.2% 14.0% 267.7% · · · · ·
Net Income CAGR 5Y 127.6% · · · · · · ·
Dividend CAGR 5Y 46.0% · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for TJX
Metric Trend 20262025202420232022202120202019
Revenue TTM 5-point trend, +24.4% $60.37B $56.36B $54.22B $49.94B $48.55B · · ·
Net Income TTM 5-point trend, +67.3% $5.49B $4.86B $4.47B $3.50B $3.28B · · ·
Market Cap 5-point trend, +96.7% $165.85B $139.68B $110.54B $94.62B $84.31B · · ·
Enterprise Value 5-point trend, +99.5% $162.49B $137.21B $107.80B $92.50B $81.44B · · ·
P/E 5-point trend, +16.4% 30.8 29.3 25.3 27.6 26.4 · · ·
P/S 5-point trend, +58.2% 2.7 2.5 2.0 1.9 1.7 · · ·
P/B 5-point trend, +15.9% 16.3 16.6 15.1 14.9 14.0 · · ·
P / Tangible Book 5-point trend, +15.1% 16.4 16.8 15.3 15.1 14.3 · · ·
P / Cash Flow 5-point trend, -12.5% 24.1 22.8 18.2 23.2 27.6 · · ·
P / FCF 5-point trend, -19.5% 33.7 33.3 25.5 36.0 41.9 · · ·
EV / EBITDA 5-point trend, +38.9% 130.3 124.3 111.8 104.3 93.8 · · ·
EV / FCF 5-point trend, -18.3% 33.0 32.7 24.9 35.2 40.5 · · ·
EV / Revenue 5-point trend, +60.4% 2.7 2.4 2.0 1.9 1.7 · · ·
Dividend Yield 5-point trend, -25.0% 1.1% 1.2% 1.3% 1.4% 1.5% · · ·
Earnings Yield 5-point trend, -14.0% 3.2% 3.4% 4.0% 3.6% 3.8% · · ·
Payout Ratio 5-point trend, -12.1% 33.5% 33.9% 33.2% 38.3% 38.1% · · ·
Annual Payout 5-point trend, +47.1% $1.84B $1.65B $1.48B $1.34B $1.25B · · ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2026-01-312025-05-032025-02-012024-11-022024-08-03
Revenue $60.37B$56.36B
Net Income $5.49B$4.86B
Diluted EPS $4.87$4.26
Balance Sheet
2026-01-312025-05-032025-02-012024-11-022024-08-03
Debt / Equity 0.30.3
Current Ratio 1.11.2
Quick Ratio 0.50.5
Cash Flow
2026-01-312025-05-032025-02-012024-11-022024-08-03
Free Cash Flow $4.92B$4.20B

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Institutional owners (13F) 3,004 filers · $93.5B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
168 (-86 vs prior Q) 130 (+13 vs prior Q) 1,183 (+63 vs prior Q) 1,037 (-14 vs prior Q) +13.1M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD CAPITAL MANAGEMENT LLC $10,941,284,399 72,219,699 11.70% Shares
STATE STREET CORP $7,530,947,285 49,709,223 8.05% Shares
GEODE CAPITAL MANAGEMENT, LLC $3,817,257,632 25,295,107 4.08% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $3,062,263,743 20,212,962 3.27% Shares
FMR LLC $2,532,953,045 16,719,162 2.71% Shares
NORGES BANK $2,192,675,559 14,473,106 2.34% Shares
ALLIANCEBERNSTEIN L.P. $2,005,973,973 12,560,889 2.15% Shares
WELLINGTON MANAGEMENT GROUP LLP $1,809,024,837 11,940,758 1.93% Shares
PRIMECAP MANAGEMENT CO/CA/ $1,435,617,030 9,476,020 1.54% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $1,267,543,385 8,366,623 1.36% Shares
AMERIPRISE FINANCIAL INC $1,242,465,658 8,200,955 1.33% Shares
PeakShares LLC $1,195,941,000 7,894 1.28% Shares
UBS Group AG $1,134,295,044 7,487,096 1.21% Shares
VANGUARD FIDUCIARY TRUST CO $950,695,830 6,275,220 1.02% Shares
DIMENSIONAL FUND ADVISORS LP $858,210,359 5,664,754 0.92% Shares
Capital Research Global Investors $814,459,168 5,375,987 0.87% Shares
JANUS HENDERSON GROUP PLC $796,691,580 4,989,461 0.85% Shares
TWO SIGMA INVESTMENTS, LP $756,056,963 4,990,475 0.81% Shares
BANK OF AMERICA CORP /DE/ $752,920,004 4,969,769 0.81% Shares
Clearbridge Investments, LLC $712,397,218 4,702,292 0.76% Shares
ENVESTNET ASSET MANAGEMENT INC $708,492,308 4,676,531 0.76% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $694,381,988 4,348,040 0.74% Shares
VICTORY CAPITAL MANAGEMENT INC $644,285,954 4,252,665 0.69% Shares
NEUBERGER BERMAN GROUP LLC $613,689,150 4,050,875 0.66% Shares
NORDEA INVESTMENT MANAGEMENT AB $599,805,664 3,952,070 0.64% Shares
AMERICAN CENTURY COMPANIES INC $598,553,229 3,950,845 0.64% Shares
JENNISON ASSOCIATES LLC $593,360,236 3,916,569 0.63% Shares
1832 Asset Management L.P. $586,176,983 3,869,155 0.63% Shares
PineStone Asset Management Inc. $568,783,268 3,754,345 0.61% Shares
Grantham, Mayo, Van Otterloo & Co. LLC $557,397,200 3,679,188 0.60% Shares
TD Asset Management Inc $549,296,580 3,625,720 0.59% Shares
RAYMOND JAMES FINANCIAL INC $508,142,682 3,354,077 0.54% Shares
TWO SIGMA ADVISERS, LP $504,239,879 3,282,598 0.54% Shares
Capital International Investors $494,549,041 3,264,353 0.53% Shares
Swiss National Bank $472,937,550 3,121,700 0.51% Shares
CANADA PENSION PLAN INVESTMENT BOARD $468,145,757 3,090,071 0.50% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $464,608,872 3,066,748 0.50% Shares
BlackRock, Inc. $452,831,531 2,988,987 0.48% Shares
ROYAL BANK OF CANADA $434,643,000 2,868,933 0.46% Shares
New World Advisors LLC $417,989,713 2,759,008 0.45% Shares
Capital Wealth Planning, LLC $409,515,665 2,703,074 0.44% Shares
Capital World Investors $409,016,519 2,699,779 0.44% Shares
National Pension Service $406,939,757 2,686,071 0.44% Shares
Sumitomo Mitsui Trust Group, Inc. $389,407,571 2,570,347 0.42% Shares
Caisse de depot et placement du Quebec $385,561,440 2,544,960 0.41% Shares
GOLDMAN SACHS GROUP INC $384,619,773 2,538,744 0.41% Shares
Vanguard Global Advisers, LLC $362,605,706 2,393,437 0.39% Shares
Mariner, LLC $362,411,663 2,392,192 0.39% Shares
California Public Employees Retirement System $355,287,801 2,345,134 0.38% Shares
MACKENZIE FINANCIAL CORP $350,837,034 2,315,756 0.38% Shares
Fundsmith LLP $344,297,688 2,272,592 0.37% Shares
VANGUARD ASSET MANAGEMENT, Ltd $327,549,363 2,162,042 0.35% Shares
PRINCIPAL FINANCIAL GROUP INC $324,814,336 2,143,989 0.35% Shares
RHUMBLINE ADVISERS $321,568,067 2,122,562 0.34% Shares
PROVIDENT TRUST CO $315,980,368 2,085,679 0.34% Shares
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA $309,780,936 2,044,758 0.33% Shares
Alecta Tjanstepension Omsesidigt $301,191,848 1,988,065 0.32% Shares
BNP PARIBAS FINANCIAL MARKETS $297,683,259 1,964,906 0.32% Shares
APG Asset Management N.V. $289,752,198 2,186,625 0.31% Shares
Mirova US LLC $288,076,644 1,901,496 0.31% Shares
VANGUARD GROUP INC $279,563,288 1,819,955 0.30% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $269,609,852 1,688,227 0.29% Shares
PNC Financial Services Group, Inc. $265,785,237 1,754,358 0.28% Shares
RENAISSANCE TECHNOLOGIES LLC $262,004,100 1,729,400 0.28% Shares
Assenagon Asset Management S.A. $235,957,463 1,557,475 0.25% Shares
Haverford Trust Co $231,587,850 1,528,633 0.25% Shares
CITADEL ADVISORS LLC $231,329,289 1,526,926 0.25% Shares
LPL Financial LLC $229,019,691 1,511,681 0.24% Shares
Bahl & Gaynor LLC $228,440,790 1,507,860 0.24% Shares
Nuveen, LLC $221,156,496 1,459,779 0.24% Shares
AVIVA PLC $220,597,635 1,456,090 0.24% Shares
Ensign Peak Advisors, Inc $213,617,121 1,410,014 0.23% Shares
BANK OF MONTREAL /CAN/ $208,814,420 1,378,313 0.22% Shares
HighTower Advisors, LLC $208,433,171 1,375,797 0.22% Shares
Unisphere Establishment $207,706,500 1,371,000 0.22% Shares
JANE STREET GROUP, LLC $204,494,700 1,349,800 0.22% Call option
Robeco Institutional Asset Management B.V. $200,630,257 1,324,292 0.21% Shares
Qube Research & Technologies Ltd $197,651,597 1,304,631 0.21% Shares
FIFTH THIRD BANCORP $195,706,925 1,291,794 0.21% Shares
LAZARD ASSET MANAGEMENT LLC $195,281,834 1,288,989 0.21% Shares
WORLDQUANT MILLENNIUM ADVISORS LLC $194,381,772 1,283,048 0.21% Shares
SATURNA CAPITAL CORP $191,173,777 1,217,439 0.20% Shares
Quantinno Capital Management LP $190,057,061 1,254,502 0.20% Shares
Nuveen Asset Management, LLC $189,481,193 1,568,423 0.20% Shares
NEW YORK STATE COMMON RETIREMENT FUND $183,432,716 1,210,777 0.20% Shares
Williams Jones Wealth Management, LLC. $177,134,566 1,169,205 0.19% Shares
FRANKLIN RESOURCES INC $176,857,464 1,167,376 0.19% Shares
BNP PARIBAS ASSET MANAGEMENT Holding S.A. $174,384,378 1,151,052 0.19% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $171,837,791 1,188,743 0.18% Shares
CITADEL ADVISORS LLC $171,482,850 1,131,900 0.18% Call option
EVERETT HARRIS & CO /CA/ $169,471,230 1,118,622 0.18% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $164,945,318 1,095,384 0.18% Shares
Legal & General Group Plc $163,612,126 1,079,948 0.17% Shares
PRUDENTIAL FINANCIAL INC $162,426,180 1,072,120 0.17% Shares
Pictet Asset Management Holding SA $159,442,399 1,052,429 0.17% Shares
CITADEL ADVISORS LLC $159,075,000 1,050,000 0.17% Put option
NewEdge Advisors, LLC $158,646,172 1,047,163 0.17% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $157,248,971 1,037,947 0.17% Shares
Junto Capital Management LP $152,462,934 1,006,356 0.16% Shares
MANNING & NAPIER ADVISORS LLC $149,817,480 988,894 0.16% Shares

Company insiders 42 insiders · 20 officers · 25 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Ernie Herrman CEO & President June 5, 2026 S 514,848 0 6 $-23,672,033
Edmond J English President and CEO Sept. 13, 2005 J 434,215 0 0 $0
John Klinger SEVP, CFO June 5, 2026 S 64,257 0 1 $-1,002,401
Nirmal K Tripathy EVP, Chief Financial Officer Sept. 8, 2008 J 39,667 0 0 $0
Peter Benjamin SEVP, Group President June 10, 2026 S 117,267 0 1 $-1,802,790
Kenneth Canestrari SEVP - Group President June 3, 2026 S 107,781 0 1 $-4,952,902
Douglas W. Mizzi SEVP - Group President April 10, 2026 F 280,702 0 0 $0
Louise Greenlees SEVP - Group President Aug. 22, 2024 S 44,910 0 0 $0
Richard Sherr SEVP, Group President Dec. 6, 2022 F 103,028 0 0 $0
Michael Macmillan SEVP, Group President April 27, 2018 D 79,768 0 0 $0
Nan Stutz SEVP, Group President Aug. 19, 2015 D 63,108 0 0 $0
Jerome R Rossi SEVP, Group President Jan. 31, 2015 D 118,825 0 0 $0
Paul Sweetenham SEVP, Group President, Europe Jan. 28, 2012 D 0 0 0 $0
Carol Meyrowitz Executive Chairman June 9, 2026 S 201,496 0 1 $-9,102,868
Scott Goldenberg SEVP, Finance Dec. 5, 2023 F 71,819 0 0 $0
Jeffrey G Naylor SEVP, CAO Feb. 1, 2013 A 132,076 0 0 $0
Donald G Campbell Vice Chairman April 7, 2009 F 125,466 0 0 $0
Arnold S Barron Senior EVP -- Group President Sept. 8, 2008 J 74,007 0 0 $0
Alex Smith Senior EVP -- Group President Dec. 5, 2006 M 128,198 0 0 $0
Peter Maich Senior EVP -- Group President Sept. 7, 2005 J 29,671 0 0 $0
Jackwyn Nemerov Director June 11, 2026 S 802 0 2 $-325,846
Jose B Alvarez Director June 9, 2026 A 1,731 0 0 $0
Kim C Goodwin Director June 9, 2026 M 9,939 0 0 $0
Charles F Wagner JR Director June 9, 2026 A 0 0 $0
David T Ching Director June 9, 2026 M 11,125 0 0 $0
Amy B Lane Director June 9, 2026 M 23,905 10 1 $-67,713
Alan M Bennett Director June 9, 2026 A 0 0 0 $0
Rosemary T Berkery Director June 9, 2026 M 13,398 0 0 $0
Michael F Hines Director June 6, 2023 M 118,945 0 0 $0
Zein Abdalla Director June 7, 2022 M 25,633 0 0 $0
John F Obrien Director June 7, 2022 M 130,751 0 0 $0
Willow B Shire Director June 8, 2021 M 170,782 0 0 $0
William H Swanson Director June 7, 2016 M 6,784 0 0 $0
Bernard Cammarata Director June 12, 2015 G 159,084 0 0 $0
Dawn G Lepore Director June 10, 2014 D 3,053 0 0 $0
Fletcher H Wiley Director June 14, 2011 D 48,700 0 0 $0
BRANDON DAVID Director June 14, 2011 D 21,990 0 0 $0
Robert F Shapiro Director June 2, 2010 D 47,631 0 0 $0
Dennis F Hightower Director Oct. 12, 2006 M 1,000 0 0 $0
Richard G Lesser Director Sept. 11, 2006 M 5,000 0 0 $0
Gail Deegan Director June 6, 2006 A 0 0 $0
Gary L Crittenden Director June 6, 2006 A 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 261 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
SXQG · EXCHANGE TRADED CONCEPTS TRUST 3.64% 15,918 NS May 31, 2026 N-PORT
YOKE · EA Series Trust 3.56% 51,157 NS April 30, 2026 N-PORT
QUAL · iShares Trust 3.52% 11,861,767 SH Aug. 21, 2026 Daily
QGRO · AMERICAN CENTURY ETF TRUST 3.23% 461,472 NS May 31, 2026 N-PORT
DVOL · First Trust Exchange-Traded Fund VI 3.07% 14,453 NS June 30, 2026 N-PORT
CAML · Professionally Managed Portfolios 2.99% 71,588 NS April 30, 2026 N-PORT
STNC · Hennessy Funds Trust 2.97% 17,362 NS April 30, 2026 N-PORT
MILN · Global X Funds 2.74% 17,252 NS May 31, 2026 N-PORT
BRIF · FIS Trust 2.71% 25,821 NS May 31, 2026 N-PORT
OUSA · ALPS ETF Trust 2.70% 129,738 NS May 31, 2026 N-PORT
GXPD · Global X Funds 2.69% 8,616 NS May 31, 2026 N-PORT
WANT · Direxion Shares ETF Trust 2.60% 3,400 NS April 30, 2026 N-PORT
FDIS · FIDELITY COVINGTON TRUST 2.59% 292,593 NS April 30, 2026 N-PORT
IYC · iShares Trust 2.58% 220,668 SH Aug. 21, 2026 Daily
BDIV · ETF Series Solutions 2.53% 1,014 NS April 30, 2026 N-PORT
UCC · ProShares Trust 2.50% 1,870 NS May 31, 2026 N-PORT
VCR · VANGUARD WORLD FUND 2.49% 1,125,311 SH Aug. 19, 2026 Daily
TMFE · RBB Fund, Inc. 2.47% 13,544 NS May 31, 2026 N-PORT
RXI · iShares Trust 2.37% 45,517 SH Aug. 21, 2026 Daily
SWP · Manager Directed Portfolios 2.17% 21,697 NS May 31, 2026 N-PORT
LCAP · Principal Exchange-Traded Funds 2.10% 253,278 NS June 30, 2026 N-PORT
FGSI · First Trust Exchange-Traded Fund IV 1.99% 379 NS April 30, 2026 N-PORT
SEMG · EA Series Trust 1.92% 7,425 NS April 30, 2026 N-PORT
FTCS · First Trust Exchange-Traded Fund 1.90% 958,641 NS June 30, 2026 N-PORT
FTGS · First Trust Exchange-Traded Fund 1.87% 154,464 NS June 30, 2026 N-PORT
GDIV · Harbor ETF Trust 1.84% 26,564 NS April 30, 2026 N-PORT
RUNN · Strategic Trust 1.73% 38,585 NS May 31, 2026 N-PORT
RSPD · Invesco Exchange-Traded Fund Trust 1.71% 38,395 SH Aug. 21, 2026 Daily
FDVV · FIDELITY COVINGTON TRUST 1.65% 963,772 NS April 30, 2026 N-PORT
EPMV · Harbor ETF Trust 1.63% 462 NS April 30, 2026 N-PORT
ZECP · Zacks Trust 1.60% 35,322 NS May 31, 2026 N-PORT
BMVP · Invesco Exchange-Traded Fund Trust 1.58% 11,836 SH Aug. 21, 2026 Daily
HUSV · First Trust Exchange-Traded Fund III 1.56% 7,219 NS April 30, 2026 N-PORT
AVLV · AMERICAN CENTURY ETF TRUST 1.52% 1,260,165 NS May 31, 2026 N-PORT
NBGX · Neuberger Berman ETF Trust 1.48% 1,429 NS May 31, 2026 N-PORT
AUSF · Global X Funds 1.46% 79,828 NS May 31, 2026 N-PORT
QLTY · GMO ETF Trust 1.45% 423,397 NS May 31, 2026 N-PORT
SPHQ · Invesco Exchange-Traded Fund Trust 1.41% 1,898,844 SH Aug. 21, 2026 Daily
SPVU · Invesco Exchange-Traded Fund Trust … 1.38% 12,008 NS May 31, 2026 N-PORT
NULC · Nushares ETF Trust 1.35% 4,915 NS April 30, 2026 N-PORT
EPMB · Harbor ETF Trust 1.35% 388 NS April 30, 2026 N-PORT
RILA · Spinnaker ETF Series 1.31% 3,507 NS April 30, 2026 N-PORT
PWB · Invesco Exchange-Traded Fund Trust 1.30% 222,487 SH Aug. 21, 2026 Daily
PSET · Principal Exchange-Traded Funds 1.29% 2,455 NS June 30, 2026 N-PORT
DUHP · Dimensional ETF Trust 1.28% 928,055 NS April 30, 2026 N-PORT
QDEF · FlexShares Trust 1.28% 43,326 NS April 30, 2026 N-PORT
VFMV · VANGUARD WELLINGTON FUND 1.28% 35,454 SH Aug. 19, 2026 Daily
ALTL · Pacer Funds Trust 1.18% 7,277 NS April 30, 2026 N-PORT
MFSG · MFS Active Exchange Traded Funds Tr… 1.17% 26,099 NS May 31, 2026 N-PORT
QUVU · Hartford Funds Exchange-Traded Trust 1.16% 12,751 NS April 30, 2026 N-PORT