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Side-by-side financial comparison of FedEx (FDX) and TJX Companies (TJX). Click either name above to swap in a different company.
FedEx is the larger business by last-quarter revenue ($23.5B vs $17.7B, roughly 1.3× TJX Companies). TJX Companies runs the higher net margin — 10.0% vs 4.1%, a 5.9% gap on every dollar of revenue. On growth, TJX Companies posted the faster year-over-year revenue change (8.5% vs 6.8%). Over the past eight quarters, TJX Companies's revenue compounded faster (19.2% CAGR vs 3.9%).
FedEx Corporation, originally known as Federal Express Corporation, is an American multinational conglomerate holding company specializing in transportation, e-commerce, and business services. The company is headquartered in Memphis, Tennessee. The name "FedEx" is a syllabic abbreviation of its original air division, Federal Express, which operated under this name from 1973 until 1994.
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.
FDX vs TJX — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2027
| Metric | | |
|---|---|---|
| Revenue | $23.5B | $17.7B |
| Net Profit | $956.0M | $1.8B |
| Gross Margin | — | — |
| Operating Margin | 5.9% | — |
| Net Margin | 4.1% | 10.0% |
| Revenue YoY | 6.8% | 8.5% |
| Net Profit YoY | 29.0% | 26.8% |
| EPS (diluted) | $4.04 | $1.58 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $17.7B | ||
| Q4 25 | $23.5B | $15.1B | ||
| Q3 25 | $22.2B | $14.4B | ||
| Q2 25 | $22.2B | $13.1B | ||
| Q1 25 | $22.2B | $16.4B | ||
| Q4 24 | $22.0B | $14.1B | ||
| Q3 24 | $21.6B | $13.5B | ||
| Q2 24 | $22.1B | $12.5B |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $956.0M | $1.4B | ||
| Q3 25 | $824.0M | $1.2B | ||
| Q2 25 | $1.6B | $1.0B | ||
| Q1 25 | $909.0M | $1.4B | ||
| Q4 24 | $741.0M | $1.3B | ||
| Q3 24 | $794.0M | $1.1B | ||
| Q2 24 | $1.5B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 32.6% | ||
| Q3 25 | — | 30.7% | ||
| Q2 25 | — | 29.5% | ||
| Q1 25 | — | 30.5% | ||
| Q4 24 | — | 31.6% | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 30.0% |
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 8.1% | — | ||
| Q1 25 | 5.8% | 11.6% | ||
| Q4 24 | 4.8% | 12.3% | ||
| Q3 24 | 5.0% | 10.9% | ||
| Q2 24 | 7.0% | 11.1% |
| Q1 26 | — | 10.0% | ||
| Q4 25 | 4.1% | 9.5% | ||
| Q3 25 | 3.7% | 8.6% | ||
| Q2 25 | 7.4% | 7.9% | ||
| Q1 25 | 4.1% | 8.6% | ||
| Q4 24 | 3.4% | 9.2% | ||
| Q3 24 | 3.7% | 8.2% | ||
| Q2 24 | 6.7% | 8.6% |
| Q1 26 | — | $1.58 | ||
| Q4 25 | $4.04 | $1.28 | ||
| Q3 25 | $3.46 | $1.10 | ||
| Q2 25 | $6.81 | $0.92 | ||
| Q1 25 | $3.76 | $1.23 | ||
| Q4 24 | $3.03 | $1.14 | ||
| Q3 24 | $3.21 | $0.96 | ||
| Q2 24 | $5.92 | $0.93 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.6B | $6.2B |
| Total DebtLower is stronger | $20.3B | $2.9B |
| Stockholders' EquityBook value | $28.1B | $10.2B |
| Total Assets | $89.2B | $35.8B |
| Debt / EquityLower = less leverage | 0.72× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $6.2B | ||
| Q4 25 | $6.6B | $4.6B | ||
| Q3 25 | $6.2B | $4.6B | ||
| Q2 25 | $5.5B | $4.3B | ||
| Q1 25 | $5.1B | $5.3B | ||
| Q4 24 | $5.0B | $4.7B | ||
| Q3 24 | $5.9B | $5.3B | ||
| Q2 24 | $6.5B | $5.1B |
| Q1 26 | — | $2.9B | ||
| Q4 25 | $20.3B | — | ||
| Q3 25 | $20.3B | — | ||
| Q2 25 | $19.2B | — | ||
| Q1 25 | $19.5B | — | ||
| Q4 24 | $19.4B | — | ||
| Q3 24 | $19.7B | — | ||
| Q2 24 | $20.1B | — |
| Q1 26 | — | $10.2B | ||
| Q4 25 | $28.1B | $9.4B | ||
| Q3 25 | $27.8B | $8.9B | ||
| Q2 25 | $28.1B | $8.5B | ||
| Q1 25 | $26.7B | $8.4B | ||
| Q4 24 | $26.5B | $8.2B | ||
| Q3 24 | $27.2B | $7.8B | ||
| Q2 24 | $27.6B | $7.5B |
| Q1 26 | — | $35.8B | ||
| Q4 25 | $89.2B | $35.2B | ||
| Q3 25 | $88.4B | $32.9B | ||
| Q2 25 | $87.6B | $31.9B | ||
| Q1 25 | $85.0B | $31.7B | ||
| Q4 24 | $85.5B | $32.4B | ||
| Q3 24 | $86.7B | $30.6B | ||
| Q2 24 | $87.0B | $29.7B |
| Q1 26 | — | 0.28× | ||
| Q4 25 | 0.72× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.72× | — | ||
| Q2 24 | 0.73× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.0B | $6.9B |
| Free Cash FlowOCF − Capex | $1.2B | — |
| FCF MarginFCF / Revenue | 5.1% | — |
| Capex IntensityCapex / Revenue | 3.2% | — |
| Cash ConversionOCF / Net Profit | 2.04× | 3.88× |
| TTM Free Cash FlowTrailing 4 quarters | $4.3B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $6.9B | ||
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $2.5B | $394.0M | ||
| Q1 25 | $2.0B | $2.7B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $2.7B | $737.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.0B | $-103.0M | ||
| Q1 25 | $1.0B | $2.2B | ||
| Q4 24 | $500.0M | $624.0M | ||
| Q3 24 | $420.0M | $1.1B | ||
| Q2 24 | $1.5B | $318.0M |
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 6.6% | ||
| Q3 25 | 4.9% | 9.2% | ||
| Q2 25 | 4.7% | -0.8% | ||
| Q1 25 | 4.6% | 13.4% | ||
| Q4 24 | 2.3% | 4.4% | ||
| Q3 24 | 1.9% | 7.9% | ||
| Q2 24 | 6.8% | 2.5% |
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 3.5% | ||
| Q3 25 | 2.8% | 3.2% | ||
| Q2 25 | 6.6% | 3.8% | ||
| Q1 25 | 4.5% | 3.1% | ||
| Q4 24 | 3.7% | 3.0% | ||
| Q3 24 | 3.6% | 4.2% | ||
| Q2 24 | 5.4% | 3.4% |
| Q1 26 | — | 3.88× | ||
| Q4 25 | 2.04× | 1.06× | ||
| Q3 25 | 2.08× | 1.44× | ||
| Q2 25 | 1.53× | 0.38× | ||
| Q1 25 | 2.21× | 1.93× | ||
| Q4 24 | 1.78× | 0.81× | ||
| Q3 24 | 1.49× | 1.48× | ||
| Q2 24 | 1.83× | 0.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FDX
| United States Ground | $9.2B | 39% |
| United States Priority | $2.8B | 12% |
| Other | $2.2B | 9% |
| Fedex Freight Segment | $2.1B | 9% |
| International Economy | $1.5B | 6% |
| Freight Revenue | $1.5B | 6% |
| United States Deferred | $1.4B | 6% |
| International Domestic | $1.3B | 5% |
| International Economy Freight | $582.0M | 2% |
| United States Freight | $304.0M | 1% |
| Other International Revenue | $240.0M | 1% |
TJX
| Marmaxx | $10.7B | 60% |
| HomeGoods | $3.1B | 17% |
| TJX International | $2.4B | 13% |
| TJX Canada | $1.6B | 9% |
