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Bj's Wholesale Club Holdings, Inc. (BJ) stock

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NYSE: BJ NYSE Consumer Staples Merchandise Retail Next results ~November 20, 2026

C+ Fundamentals grade

Bj's Wholesale Club Holdings, Inc. is a US-listed company in the consumer staples merchandise retail industry. Its financial year ends in January.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$50

Cash-flow model

Base case. Range ~$37–$68 across our lower- and higher-growth cases (2.3%–12.3% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 54% below it.

Price used: $110.67, November 2, 2026

Bj's Wholesale Club Holdings, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Bj's Wholesale Club Holdings files

Where Bj's Wholesale Club stands after its latest 10-Q

Revenue for the twelve months to August 2026 was $22.8bn, up 9.1% on a year earlier, faster than 5.9% a quarter earlier. Free-cash-flow margin held at 1.6%. The diluted share count is down 2.2% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 6 financial-health checks. Our cash-flow model value is $52.01 a share, against a share price of $102. At that price, our model says the market is pricing in about 19.1% a year of cash-flow growth for five years, faster than the 6.5% a year revenue growth it has delivered.

Source: 10-Q filed August 25, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 20, 2026 (estimated)

Bj's Wholesale Club Holdings, Inc.'s trailing-twelve-month revenue grew 9.1% year on year, with a free-cash-flow margin of 1.6%. Where it stands out: change in growth rate of +3.2pp ranks 1 of 9 consumer staples merchandise retail companies we cover. Where it lags: operating margin of 3.8% ranks 8 of 9 consumer staples merchandise retail companies we cover.

Our discounted-cash-flow model values the business at ~$50 per share in the base case (~$37–$68 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 26.9% while net income grew 2.7%: a 24pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 3.2 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 2.2% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Priced above our value. The share price of $110.67 is 54% above our value per share of $50.
  • Insiders selling. 6 insiders sold $40M of stock over the past 365 days and none bought (89% under pre-set trading plans).
  • Weak cash conversion. Free cash flow was 60% of net income over the last 12 months.
  • Below peers: operating margin. Operating margin of 3.8% ranks 8 of 9 consumer staples merchandise retail companies we cover (median 4.4%).
  • Below peers: net margin. Net margin of 2.6% ranks 8 of 9 consumer staples merchandise retail companies we cover (median 3.0%).

Latest results: FY2027 Q2

Filed August 25, 2026
Earnings per share
$1.36 against an average estimate of $1.17: beat by 16.5%
Revenue
$6.23bn, up 15.7% on a year earlier
Share reaction
+7.9% in the first session after the results on August 21, 2026, against +0.1% for the S&P 500
Guidance given
comparable club sales, excluding the impact of gasoline sales growth 2% to 3% (fiscal 2026); adjusted EPS $4.6 to $4.8 (fiscal 2026)
Next report
November 20, 2026; average EPS estimate $1.24

Bj's Wholesale Club Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.1%
  • 1 week+4.1%
  • 1 month+16.5%
  • This year+22.9%
  • 1 year+25.4%
  • 5 years+81.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$22.8B
Operating margin
3.8%
Net margin
2.6%
EPS (TTM, diluted)
$4.57

Growth

Revenue growth
+9.1%
Change in growth rate
+3.2 pts
Share count change
−2.2%

Cash

Free cash flow (TTM)
$358M
FCF margin
1.6%
Stock pay % of revenue
0.2%

Earnings

Last results
August 21, 2026
Next results (est.)
November 20, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Announcement
  4. Announcement
  5. Leadership
  6. Insider trade
  7. Announcement
  8. Insider trade
  9. Announcement
  10. Announcement
  11. Announcement
  12. Announcement
  13. Announcement
  14. Results
  15. Guidance
  16. Insider trade

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Bj's Wholesale Club Holdings, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 20.4% a year of cash-flow growth for five years.That is faster than the 6.5% a year revenue growth Bj's Wholesale Club Holdings has delivered.

  • Priced in20.4%
  • Last 12 months9.1%
  • 3 years a year5.5%
  • 5 years a year6.5%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($109.31, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$50
Price used
$109.31close November 3, 2026
Implied change
▼ 54%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Bj's Wholesale Club Holdings, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($312M, FY2027 Q2 TTM), growing 7.9% and 6.7% in the next two years (forecasts, guidance and its record), then back to 7.3% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$37–~$68 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Bj's Wholesale Club Holdings, Inc.'s free cash flow after stock-based pay ( $312M, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Bj's Wholesale Club Holdings, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 7.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.47 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$50 ~$37–$68 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$110 ~$85–$170 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$98 ~$78–$130 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$77 ~$50–$110 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Bj's Wholesale Club Holdings, Inc. with Consumer Staples Merchandise Retail in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −27%
  • Revenue growth 5 points higher ▲ +34%
  • Free-cash-flow margin 1 point lower ▼ −68%
  • Last year's free-cash-flow margin change, if it persists ▲ +18%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $31$44$60$83$112$149
8.5% $22$32$44$60$80$107
10% $17$25$34$46$62$82

Valuation multiples over time Market data may be delayed

At fiscal year end 20192020202120222023202420252026Now
Share price$26.47$20.52$42.07$57.93$69.70$64.51$99.05$92.44$110.67
Market value$3.2bn$2.9bn$5.8bn$8.0bn$9.5bn$8.7bn$13.2bn$12.2bn$14.4bn
+ Net debt (− = net cash)−$27m−$30m−$44m−$45m−$34m−$36m−$28m−$46m$600m
Enterprise value$3.2bn$2.8bn$5.8bn$8.0bn$9.5bn$8.7bn$13.2bn$12.2bn$15.0bn
Multiples
Price / sales 0.2x0.2x0.4x0.5x0.5x0.4x0.6x0.6x0.6x
Price / earnings 25.2x15.3x13.9x18.7x18.5x16.6x24.8x21.1x24.2x
Price / free cash flow 11.4x18.0x9.0x15.7x24.4x34.6x42.3x37.2x40.2x
EV / EBITDA 6.8x5.5x7.2x10.0x10.1x8.4x12.8x11.0x12.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

53 /100

Moderate moat

How hard Bj's Wholesale Club Holdings's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Cash operating profit has been a median 10.0% of total assets over 9 years.

  • Pricing power 8 / 20

    Gross margin has been a median 18.3%, moving by 0.4 percentage points (standard deviation) across 9 years.

  • Durability 8 / 20

    Operating margin has been a median 3.8%; its worst year was 2.1%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 9 of 9 years, at a median 1.9% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 6.2% over five years; stock-based pay has been a median 0.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (58 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 20, 2026, before the open. Analysts expect revenue of $5.9bn and EPS of $1.24 (range $1.11 to $1.36) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.71 +7% $24.0bn +12%
Next $5.03 +7% $25.3bn +6%

Next year's EPS estimate has moved +2.9% in 90 days, across 22 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +4.3% on 90 days ago. In the last 30 days, 7 analysts raised Bj's Wholesale Club Holdings, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Bj's Wholesale Club Holdings, Inc., last 90 days
$4.40 $4.60 $4.80 $5.00 $5.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.52 Current fiscal year, 60 days ago: $4.55 Current fiscal year, 30 days ago: $4.71 Current fiscal year, 7 days ago: $4.71 Current fiscal year, Now: $4.71 $4.71 Next fiscal year, 90 days ago: $4.88 Next fiscal year, 60 days ago: $4.91 Next fiscal year, 30 days ago: $5.02 Next fiscal year, 7 days ago: $5.03 Next fiscal year, Now: $5.03 $5.03

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.52$4.88
60 days ago $4.55$4.91
30 days ago $4.71$5.02
7 days ago $4.71$5.03
Now $4.71$5.03

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $1.17 $1.36 +16.5%
Apr 2026 $1.03 $1.10 +6.7%
Jan 2026 $0.93 $0.96 +3.2%
Oct 2025 $1.09 $1.16 +6.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 21, 2026
  • Adjusted EPS fiscal 2026 $4.60 to $4.80 Non-GAAP Raised
    “Adjusted EPS to range from $4.60 to $4.80” source
  • Comparable club sales, excluding the impact of gasoline sales fiscal 2026 2% growth to 3% growth Maintained
    “Comparable club sales, excluding the impact of gasoline sales, to increase 2.0% to 3.0% year-over-year” source
  • Capital expenditures fiscal 2026 about $800m
    “Capital expenditures of approximately $800 million, reflecting continued investment in new club openings and enhancements across our distribution network, including the ambient distribution center” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Bj's Wholesale Club Holdings, Inc.'s revenue by +7.9% next year and +6.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+8.1%, weight 70%) and the company's own record (+7.3%, weight 30%) . How the weights are set.

Analyst recommendations

23 analysts, Oct 2026
Buy1043%
Hold1148%
Sell29%

Monthly trend

  1. Oct 20261011223
  2. Sep 20261110223
  3. Aug 20261110223
  4. Jul 20261110223

Counts of recommendations published by analysts covering Bj's Wholesale Club Holdings, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.2%
of tradable shares
Days to cover
5.13
at average volume
Short interest, 1 month
+5%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.6%
of shares
Employees
35,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +25.4%

$88.26 on October 31, 2025 to $110.67

ThenNowEffect
Revenue (last 12 months) $20.9bn $22.8bn +9.1%
Net margin 2.8% 2.6% −5.9%
P/E multiple 20.3x 24.2x +19.4%
Share count 133m 130m +2.2%

Biggest factor: p/e multiple.

Last 3 years +61.0%

$68.76 on November 3, 2023 to $110.67

ThenNowEffect
Revenue (last 12 months) $19.4bn $22.8bn +17.6%
Net margin 2.6% 2.6% −0.3%
P/E multiple 18.4x 24.2x +31.4%
Share count 136m 130m +4.5%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
BJ+80%−1%+1%+34%+1%+23%
Industry peers (median)+22%−8%+7%+25%+25%+21%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
BJ75%50%67%58%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
BJ−22%−25%−22%−16%−27%−18%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since June 28, 2018: 39% from September 6, 2018 to February 28, 2020. Getting back needed a 63% gain, reached on May 21, 2020, 83 days after the low.

Price behaviour

52-week range
$83.82 – $110.67
From 52-week high
0.0%
vs 50-day average
+14.3%
vs 200-day average
+17.0%
Volatility (1 year)
31%
Beta vs S&P 500
-0.47

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±7.4%
After a week
4 up, 8 down
typical move ±5.6%
After a month
5 up, 7 down
typical move ±6.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 21, 2026 +7.9% +0.1% −0.8% −0.4%
May 22, 2026 −10.1% +1.1% −6.8% −7.3%
March 5, 2026 −3.2% −1.9% −1.2% −4.4%
November 21, 2025 −2.9% +2.5% −2.2% +3.3%
August 22, 2025 −10.2% +1.1% −8.0% −9.6%
May 22, 2025 −0.9% −0.6% −3.7% −2.9%
March 6, 2025 +15.4% −1.2% +7.9% +15.3%
November 21, 2024 +12.9% +0.8% +12.4% +8.6%
August 22, 2024 −5.5% +0.3% −9.5% −7.0%
May 23, 2024 +9.5% −0.1% +9.4% +10.8%
March 7, 2024 +4.6% +0.4% +2.0% +6.1%
November 17, 2023 −5.9% +0.9% −3.2% −1.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Bj's Wholesale Club Holdings, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 1.24× the last 60 days’ realised volatility .
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

BJ Bj's Wholesale Club Holdings, Inc. Grade C+ $110.72

Own 100 shares, sell the $115 call expiring December 18, 2026 (46 days) for $3.70 a share — $370 per contract.

Previous session · Bid $3.70, ask $4.30, quoted Mon 2 Nov, 17:16 New York time with BJ at $110.72. Option prices move with the shares: check the live chain at your broker before trading.

  • If BJ ends below $115: you keep your shares and the $370 — 3.3% extra on the position, 26.5% a year at that pace.
  • If it ends above $115: your shares are sold at $115, a total return of 7.2% including the premium — at or above our value of ~$50.
$798 $0 −$2.1k Break-even $107.02 Price $110.72 ← Our value ~$50
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$370
Annualised
26.5%
Break-even
$107.02
Max gain
$798.5
Chance of selling
~43%

Results are expected around November 20, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Bj's Wholesale Club Holdings, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Bj's Wholesale Club Holdings, Inc.
$19B $20B $21B $22B $23B FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $19.5B Revenue (TTM), FY24 Q4: $20B Revenue (TTM), FY25 Q1: $20.2B Revenue (TTM), FY25 Q2: $20.4B Revenue (TTM), FY25 Q3: $20.6B Revenue (TTM), FY25 Q4: $20.5B Revenue (TTM), FY26 Q1: $20.7B Revenue (TTM), FY26 Q2: $20.9B Revenue (TTM), FY26 Q3: $21.2B Revenue (TTM), FY26 Q4: $21.5B Revenue (TTM), FY27 Q1: $22B Revenue (TTM), FY27 Q2: $22.8B $22.8B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $19.5B
FY24 Q4 $20B
FY25 Q1 $20.2B
FY25 Q2 $20.4B
FY25 Q3 $20.6B
FY25 Q4 $20.5B
FY26 Q1 $20.7B
FY26 Q2 $20.9B
FY26 Q3 $21.2B
FY26 Q4 $21.5B
FY27 Q1 $22B
FY27 Q2 $22.8B
Revenue growth, TTM YoY Bj's Wholesale Club Holdings, Inc.
0% 5% 10% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: 4.3% Revenue growth, TTM YoY, FY24 Q4: 3.4% Revenue growth, TTM YoY, FY25 Q1: 3.2% Revenue growth, TTM YoY, FY25 Q2: 5.2% Revenue growth, TTM YoY, FY25 Q3: 5.3% Revenue growth, TTM YoY, FY25 Q4: 2.7% Revenue growth, TTM YoY, FY26 Q1: 2.8% Revenue growth, TTM YoY, FY26 Q2: 2.5% Revenue growth, TTM YoY, FY26 Q3: 2.8% Revenue growth, TTM YoY, FY26 Q4: 4.7% Revenue growth, TTM YoY, FY27 Q1: 5.9% Revenue growth, TTM YoY, FY27 Q2: 9.1% 9.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 4.3%
FY24 Q4 3.4%
FY25 Q1 3.2%
FY25 Q2 5.2%
FY25 Q3 5.3%
FY25 Q4 2.7%
FY26 Q1 2.8%
FY26 Q2 2.5%
FY26 Q3 2.8%
FY26 Q4 4.7%
FY27 Q1 5.9%
FY27 Q2 9.1%
Operating margin (TTM) Bj's Wholesale Club Holdings, Inc.
3.7% 3.8% 3.9% 4% 4.1% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: 4.0% Operating margin (TTM), FY24 Q4: 4.0% Operating margin (TTM), FY25 Q1: 3.8% Operating margin (TTM), FY25 Q2: 3.8% Operating margin (TTM), FY25 Q3: 3.9% Operating margin (TTM), FY25 Q4: 3.8% Operating margin (TTM), FY26 Q1: 3.9% Operating margin (TTM), FY26 Q2: 4.0% Operating margin (TTM), FY26 Q3: 3.9% Operating margin (TTM), FY26 Q4: 3.8% Operating margin (TTM), FY27 Q1: 3.7% Operating margin (TTM), FY27 Q2: 3.8% 3.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 4.0%
FY24 Q4 4.0%
FY25 Q1 3.8%
FY25 Q2 3.8%
FY25 Q3 3.9%
FY25 Q4 3.8%
FY26 Q1 3.9%
FY26 Q2 4.0%
FY26 Q3 3.9%
FY26 Q4 3.8%
FY27 Q1 3.7%
FY27 Q2 3.8%
FCF margin (TTM) Bj's Wholesale Club Holdings, Inc.
0.5% 1% 1.5% 2% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 0.9% FCF margin (TTM), FY24 Q4: 1.3% FCF margin (TTM), FY25 Q1: 1.6% FCF margin (TTM), FY25 Q2: 1.9% FCF margin (TTM), FY25 Q3: 1.7% FCF margin (TTM), FY25 Q4: 1.5% FCF margin (TTM), FY26 Q1: 1.4% FCF margin (TTM), FY26 Q2: 1.3% FCF margin (TTM), FY26 Q3: 1.2% FCF margin (TTM), FY26 Q4: 1.5% FCF margin (TTM), FY27 Q1: 1.0% FCF margin (TTM), FY27 Q2: 1.6% 1.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 0.9%
FY24 Q4 1.3%
FY25 Q1 1.6%
FY25 Q2 1.9%
FY25 Q3 1.7%
FY25 Q4 1.5%
FY26 Q1 1.4%
FY26 Q2 1.3%
FY26 Q3 1.2%
FY26 Q4 1.5%
FY27 Q1 1.0%
FY27 Q2 1.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Bj's Wholesale Club Holdings took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $21.5B
  2. Cost of revenue $17.5B · 81.4%
  3. Gross profit $4B · 18.6%
  4. Selling, general and admin $3.2B · 14.7%
  5. Operating income $817M · 3.8%
  6. Income tax $196M · 0.9%
  7. Net income $578M · 2.7%

Shares of revenue. Source: Bj's Wholesale Club Holdings's 10-K for FY2026, as filed with the SEC.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Jan 2017 2018 Feb 2018 2019 Feb 2019 2020 Feb 2020 2021 Jan 2021 2022 Jan 2022 2023 Jan 2023 2024 Feb 2024 2025 Feb 2025 2026 Jan 2026 LTM Aug 2026
Income
Revenue 12.4 12.8 13.0 13.2 15.4 16.7 19.3 20.0 20.5 21.5 22.8
Gross profit 2.1 2.2 2.4 2.4 3.0 3.1 3.4 3.6 3.8 4.0 4.2
EBITDA 0.4 0.4 0.5 0.5 0.8 0.8 0.9 1.0 1.0 1.1 1.2
Operating income 0.2 0.2 0.3 0.4 0.6 0.6 0.7 0.8 0.8 0.8 0.9
Net income 0.0 0.1 0.1 0.2 0.4 0.4 0.5 0.5 0.5 0.6 0.6
Diluted EPS $0.48 $0.54 $1.05 $1.35 $3.03 $3.09 $3.76 $3.88 $4.00 $4.38 $4.57
Growth (year on year)
Revenue — +3.3% +2.0% +1.4% +17.0% +8.0% +15.9% +3.4% +2.7% +4.7% +9.1%
EBITDA — −2.5% +21.2% +9.3% +59.0% −1.5% +17.7% +9.5% +0.6% +6.9% +5.1%
Operating income — — — +16.1% +82.4% −3.9% +19.5% +8.5% −3.5% +5.7% +3.5%
Net income — — — — — +1.3% +20.3% +2.1% +2.0% +8.2% +2.7%
Diluted EPS — — — — — +2.0% +21.7% +3.2% +3.1% +9.5% +5.0%
Margins
Gross margin 17.2% 17.6% 18.2% 18.4% 19.3% 18.5% 17.8% 18.2% 18.4% 18.6% 18.2%
EBITDA margin 3.2% 3.0% 3.6% 3.9% 5.2% 4.8% 4.9% 5.1% 5.0% 5.2% 5.1%
Operating margin 1.7% 1.7% 2.3% 2.7% 4.2% 3.7% 3.8% 4.0% 3.8% 3.8% 3.8%
Net margin 0.4% 0.4% 1.0% 1.4% 2.7% 2.6% 2.7% 2.6% 2.6% 2.7% 2.6%
Free-cash-flow margin 1.5% 0.6% 2.2% 1.2% 4.2% 3.0% 2.0% 1.3% 1.5% 1.5% 1.6%
Cash flow
Cash from operations 0.3 0.2 0.4 0.4 0.9 0.8 0.8 0.7 0.9 1.0 1.1
Capital spending 0.1 0.1 0.1 0.2 0.2 0.3 0.4 0.5 0.6 0.7 0.8
Free cash flow 0.2 0.1 0.3 0.2 0.7 0.5 0.4 0.3 0.3 0.3 0.4
Stock-based pay 0.0 0.0 0.1 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.1
Free cash flow after stock pay 0.2 0.1 0.2 0.1 0.6 0.5 0.3 0.2 0.3 0.3 0.3
Balance sheet
Cash 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total debt 0.0 — — — — — — — — — 0.6
Net debt (negative = net cash) −0.0 −0.0 −0.0 −0.0 −0.0 −0.0 −0.0 −0.0 −0.0 −0.0 0.6
Diluted shares 91m 92m 121m 139m 139m 138m 136m 135m 134m 132m 130m
Returned to shareholders
Dividends 0.0 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 — —
Buybacks 0.0 0.0 0.0 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.6
Total returned 0.0 0.7 0.0 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.6

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · August 1, 2026
What it owns · $8.0bn
Short-term assets $2.2bnLonger-term assets $5.8bn
What it owes, and who funded it · $8.0bn
Short-term liabilities $3.0bnLonger-term liabilities $2.8bnShareholders' equity $2.2bn
  • Short-term assets cover short-term liabilities $2.2bn of assets due within a year against $3.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.2bn short-term assets against $2.8bn of longer-dated liabilities.
  • More cash than debt $30m of cash against $629m of debt.
  • Debt below 40% of shareholders' equity Debt is 29% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 116% to 29% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.1bn of operating cash flow against $629m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Bj's Wholesale Club Holdings, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q2 TTM
Buybacks (TTM)
$553M
Buybacks, last 3 fiscal years
$662M
Diluted share count
−2.2%
year over year
Total shareholder yield
4.0%
dividends 0.0% + buybacks 4.0% of market value
Sales & admin spending
14.3%
of revenue
Days sales outstanding
5 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in consumer staples merchandise retail
Last 12 months unless stated BJ DLTR DG PSMT TGT TBBB Median
Revenue, last 12 months $22.8bn $20.1bn $43.6bn $5.9bn $107.7bn $4.1bn $22.8bn
Revenue growth, last 12 months 9.1% 8.2% 4.8% 11.5% 2.0% 29.2% 9.1%
Revenue growth, 3-year average 5.5% 7.0% 4.0% 10.0% −0.1% — 6.3%
Revenue growth, latest quarter 15.7% 7.0% 5.2% 13.9% 5.3% — 9.1%
Gross margin 18.2% 38.7% 31.2% 17.7% 29.3% 16.2% 25.2%
Operating margin 3.8% 11.0% 5.6% 4.4% 5.6% −0.9% 4.4%
Operating margin, 3-year average 3.8% 9.0% 5.1% 4.5% 5.5% — 4.4%
Net margin 2.6% 8.0% 3.9% 2.8% 4.1% −3.6% 3.0%
Cash from operations / revenue 4.9% 15.5% 7.6% 5.2% 8.1% 6.0% 6.0%
Free-cash-flow margin 1.6% 9.9% 4.6% 1.6% 4.1% 1.4% 3.1%
Free-cash-flow margin, 3-year average 1.6% 7.3% 4.4% 1.5% 3.9% — 3.4%
Stock pay / revenue 0.2% 0.3% 0.2% 0.4% 0.3% 3.7% 0.3%
Change in share count −2.2% −7.1% 0.5% 0.6% −0.5% 5.3% −0.5%

Median of all 9 companies we cover in consumer staples merchandise retail. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

9 consumer staples merchandise retail companies
Measure Company Peer median Rank
Revenue growth Growth 9.1% 9.1% 5 of 9
Change in growth rate Growth +3.2pp +0.9pp 1 of 9
Gross margin Profitability 18.2% 25.2% 6 of 9
Operating margin Profitability 3.8% 4.4% 8 of 9
Net margin Profitability 2.6% 3.0% 8 of 9
Free-cash-flow margin Cash generation 1.6% 3.1% 8 of 9
Stock pay as % of revenue Cash generation 0.2% 0.3% 1 of 8
Long-term debt as % of assets Balance sheet 5.0% 12.4% 4 of 8
Change in share count Balance sheet -2.2% -0.5% 3 of 9

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to January 31, 2026
Products and services
Line of business Revenue Share YoY
Products $21B 97.7% ▲ 4.6%
Membership $500M 2.3% ▲ 9.5%

From Bj's Wholesale Club Holdings, Inc.'s 10-K filed March 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$12.1B
Institutions reporting
632
Shares held vs prior quarter
▲ 1.7%
Positions opened / closed
92 / 85

Top buyers and sellers, Q2 2026: 315 institutions bought and 318 sold ; the biggest buyer was FMR LLC (+2.5M shares) and the biggest seller Victory Capital Management Inc (−1.8M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.1B 12.5M 9.0% ▲ 0.4%
FMR LLC $855M 9.8M 7.1% ▲ 33.8%
Victory Capital Management Inc $827M 9.5M 6.8% ▼ 15.8%
Franklin Resources Inc $728M 8.4M 6.0% ▲ 17.3%
Vanguard Portfolio Management LLC $518M 5.9M 4.3% ▼ 2.5%
Vanguard Capital Management LLC $505M 5.8M 4.2% ▼ 1.8%
State Street Corp $453M 5.2M 3.8% ▼ 5.1%
River Road Asset Management, LLC $294M 3.4M 2.4% ▼ 3.7%
Wellington Management Group LLP $286M 3.3M 2.4% ▲ 15.4%
Geode Capital Management, LLC $281M 3.2M 2.3% ▲ 2.4%
Kayne Anderson Rudnick Investment Management LLC $259M 3.0M 2.1% ▼ 16.1%
Jpmorgan Chase & Co $241M 2.7M 2.0% ▼ 3.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Bj's Wholesale Club Holdings, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $39.9M 37 trades by 6 insiders · 89% under pre-set plans
Net ▼ $39.9M net selling
Insider Date Trade Shares Price Value
Eddy Robert W. President & CEO October 15, 2026 Sell pre-set plan 1,000 $105.41 $105,410
Eddy Robert W. President & CEO October 15, 2026 Sell pre-set plan 2,000 $104.64 $209,280
Eddy Robert W. President & CEO October 15, 2026 Sell pre-set plan 5,000 $103.46 $517,300
Felice Laura L. EVP, Chief Financial Officer October 15, 2026 Sell pre-set plan 8,452 $104.95 $887,037
Eddy Robert W. President & CEO October 14, 2026 Sell pre-set plan 15,784 $103.16 $1.6M
Eddy Robert W. President & CEO October 14, 2026 Sell pre-set plan 100,900 $102.61 $10.4M
Eddy Robert W. President & CEO October 14, 2026 Sell pre-set plan 37,500 $101.49 $3.8M
Eddy Robert W. President & CEO October 14, 2026 Sell pre-set plan 18,000 $100.45 $1.8M
Eddy Robert W. President & CEO October 13, 2026 Sell pre-set plan 12,400 $100.18 $1.2M
Werner William C. EVP, Strategy & Development October 1, 2026 Sell 3,000 $95.00 $285,000
Morningstar Timothy Pierce EVP, Chief Growth Officer October 1, 2026 Sell 4,856 $94.09 $456,901
Eddy Robert W. President & CEO September 15, 2026 Sell pre-set plan 2,400 $95.80 $229,920

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 20 trades and filings

In the last 12 months, 1 member of Congress disclosed 0 purchases and 8 sales of Bj's Wholesale Club Holdings, Inc. shares.

  • April McClain Delaney(D-MD 6):Sale (full), $1,001 - $15,000, traded March 5, 2026, filed April 6, 2026
  • April McClain Delaney(D-MD 6):Sale (partial), $1,001 - $15,000, traded March 4, 2026, filed April 6, 2026
  • April McClain Delaney(D-MD 6):Sale (partial), $1,001 - $15,000, traded February 18, 2026, filed March 10, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 20, 2026 estimated from the company's past filing pattern, not announced

  • August 21, 2026
  • May 22, 2026
  • March 5, 2026
  • November 21, 2025
  • August 22, 2025
  • May 22, 2025

Recent SEC filings

Data status

When each part of this page on Bj's Wholesale Club Holdings, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Bj's Wholesale Club Holdings, Inc. in brief

What does Bj's Wholesale Club Holdings, Inc. do?
Bj's Wholesale Club Holdings, Inc. is a US-listed company in the consumer staples merchandise retail industry. Its financial year ends in January.
What is Bj's Wholesale Club Holdings, Inc.'s stock ticker?
Bj's Wholesale Club Holdings, Inc. trades under the ticker BJ on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Bj's Wholesale Club Holdings, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Bj's Wholesale Club Holdings, Inc. reported revenue of $22.8B, 9.1% higher than a year earlier, according to its SEC filings.
What is Bj's Wholesale Club Holdings, Inc.'s free cash flow?
Bj's Wholesale Club Holdings, Inc.'s free-cash-flow margin is 1.6% of revenue over the trailing twelve months, ranking 8 of the 9 consumer staples merchandise retail companies we cover.
What is Bj's Wholesale Club Holdings, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Bj's Wholesale Club Holdings, Inc.'s free cash flow after stock-based pay gives ~$50 per share in the base case, and ~$37–$68 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Bj's Wholesale Club Holdings, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and Victory Capital Management Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Bj's Wholesale Club Holdings, Inc. buying back stock, and does it pay a dividend?
Bj's Wholesale Club Holdings, Inc. spent $553M on share repurchases over the trailing twelve months, and its diluted share count fell 2.2% over the year.
What is Bj's Wholesale Club Holdings, Inc.'s market cap?
On November 2, 2026, Bj's Wholesale Club Holdings, Inc.'s market capitalisation was about $14.4B, with a price-to-earnings ratio of 24.2 and net debt of $600M. Market figures come from third-party market data and may be delayed.
How much debt does Bj's Wholesale Club Holdings, Inc. have?
Bj's Wholesale Club Holdings, Inc.'s debt-to-equity ratio is 28.6%, from its latest balance sheet (115.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are Bj's Wholesale Club Holdings, Inc.'s competitors?
In our Consumer Staples Merchandise Retail peer group, the companies closest to Bj's Wholesale Club Holdings, Inc. are Dollar Tree, Dollar General, Pricesmart Inc, Target Corporation and BBB Foods Inc. The side-by-side comparison below sets their revenue, margins and growth against Bj's Wholesale Club Holdings, Inc.'s.
Are insiders buying or selling Bj's Wholesale Club Holdings, Inc. stock?
Over the last 12 months, Bj's Wholesale Club Holdings, Inc.'s directors and officers reported 0 open-market purchases and 37 sales on Form 4. The insider trading page charts every trade.
When is Bj's Wholesale Club Holdings, Inc.'s next earnings date?
Around November 20, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Bj's Wholesale Club Holdings, Inc. announces its own schedule.