TJX · 10-Q · 2026Q3 · Full report

Income Tax Rate Changes

TJX COMPANIES INC /DE/ · 2026-08-28 · Importance 25 · Surprise 32

The second-quarter effective income tax rate increased to 24.7% from 24.5% because of higher nondeductible items and foreign withholding taxes, partly offset by greater excess tax benefits from share-based compensation. The six-month effective tax rate decreased to 23.7% from 23.9%. The six-month decrease primarily reflected increased benefits from acquiring federal tax credits and higher excess tax benefits from share-based compensation, partly offset by reduced audit-settlement benefits. The One Big Beautiful Bill Act had no material impact on the second-quarter or six-month tax provision and was not expected to materially affect fiscal 2027.

Key facts

• The effective income tax rate was 24.7% for the second quarter of fiscal 2027 and 24.5% for the second quarter of fiscal 2026. source
• The effective income tax rate was 23.7% for the first six months of fiscal 2027 and 23.9% for the first six months of fiscal 2026. source
• Effective income tax rate: 24.7% for the second quarter of fiscal 2027 and 24.5% for the second quarter of fiscal 2026. source
• Effective income tax rate: 23.7% for the first six months of fiscal 2027 and 23.9% for the first six months of fiscal 2026. source