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Macy's (M) is a Consumer Discretionary company in the Russell 1000. Latest news and coverage below.
| FY2016Jan 2017 | FY2017Feb 2018 | FY2018Feb 2019 | FY2019Feb 2020 | FY2020Jan 2021 | FY2021Jan 2022 | FY2022Jan 2023 | FY2023Feb 2024 | FY2024Feb 2025 | FY2025Jan 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $25.9B | $24.9B | $25.0B | $24.6B | $17.3B | $25.4B | $25.4B | $23.9B | $23.0B | $22.6B |
| Growth (year over year) | −4.3% | −3.7% | +0.1% | −1.6% | −29.4% | +46.4% | +0.2% | −6.2% | −3.6% | −1.7% |
| Gross profit | $10.2B | $9.69B | $9.76B | $9.39B | $5.06B | $10.4B | $10.1B | $9.64B | $9.27B | $9.12B |
| Gross margin | 39.2% | 38.8% | 39.1% | 38.2% | 29.2% | 41.1% | 39.7% | 40.4% | 40.3% | 40.3% |
| Operating income | $1.37B | $1.86B | $1.74B | $970.0M | −$4.47B | $2.35B | $1.69B | $301.0M | $909.0M | $1.03B |
| Operating margin | 5.3% | 7.5% | 7.0% | 3.9% | −25.8% | 9.3% | 6.6% | 1.3% | 4.0% | 4.6% |
| Net income | $627.0M | $1.57B | $1.11B | $564.0M | −$3.94B | $1.43B | $1.15B | $45.0M | $582.0M | $642.0M |
| Net margin | 2.4% | 6.3% | 4.4% | 2.3% | −22.7% | 5.6% | 4.5% | 0.2% | 2.5% | 2.8% |
| EPS (diluted) | $2.02 | $5.10 | $3.56 | $1.81 | −$12.68 | $4.55 | $4.08 | $0.16 | $2.07 | $2.32 |
| Balance sheet | ||||||||||
| Cash and equivalents | $1.30B | $1.46B | $1.16B | $685.0M | $1.68B | $1.71B | $862.0M | $1.03B | $1.31B | $1.25B |
| Total assets | $19.9B | $19.6B | $19.2B | $21.2B | $17.7B | $17.6B | $16.9B | $16.2B | $16.4B | $16.2B |
| Total liabilities | $15.5B | $13.8B | $12.8B | $14.8B | $15.2B | $14.0B | $12.8B | $12.2B | $11.8B | $11.4B |
| Long-term debt | $6.56B | $5.86B | $4.71B | $3.62B | $4.41B | $3.29B | $3.00B | $3.00B | $2.77B | $2.43B |
| Shareholders' equity | $4.32B | $5.75B | $6.44B | $6.38B | $2.55B | $3.62B | $4.04B | $4.04B | $4.55B | $4.86B |
| Cash flow | ||||||||||
| Operating cash flow | $1.80B | $1.98B | $1.74B | $1.61B | $649.0M | $2.71B | $1.61B | $1.30B | $1.28B | $1.43B |
| Capital expenditure | $596.0M | $487.0M | $657.0M | $902.0M | $338.0M | $354.0M | $888.0M | $631.0M | $518.0M | $373.0M |
| Free cash flow | $1.21B | $1.49B | $1.08B | $706.0M | $311.0M | $2.36B | $727.0M | $674.0M | $760.0M | $1.06B |
| Dividends paid | $459.0M | $461.0M | $463.0M | $466.0M | $117.0M | $90.0M | $173.0M | $181.0M | $192.0M | $197.0M |
| Share buybacks | $316.0M | $1.00M | $0 | $1.00M | $1.00M | $500.0M | $601.0M | $38.0M | $1.00M | $250.0M |
| Q3 FY24Nov 2024 | Q4 FY24†Feb 2025 | Q1 FY25May 2025 | Q2 FY25Aug 2025 | Q3 FY25Nov 2025 | Q4 FY25†Jan 2026 | Q1 FY26May 2026 | Q2 FY26Aug 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $4.90B | $8.01B | $4.79B | $5.00B | $4.91B | $7.92B | $4.89B | $5.06B |
| Growth (year over year) | −2.7% | −4.4% | −4.1% | −1.9% | +0.2% | −1.1% | +2.1% | +1.2% |
| Gross profit | $2.04B | $3.02B | $2.00B | $2.10B | $2.06B | $2.97B | $2.03B | $2.21B |
| Gross margin | 41.6% | 37.7% | 41.7% | 42.0% | 41.9% | 37.5% | 41.5% | 43.7% |
| Operating income | $64.0M | $498.0M | $94.0M | $149.0M | $42.0M | $745.0M | $112.0M | $244.0M |
| Operating margin | 1.3% | 6.2% | 2.0% | 3.0% | 0.9% | 9.4% | 2.3% | 4.8% |
| Net income | $28.0M | $342.0M | $38.0M | $87.0M | $11.0M | $506.0M | $63.0M | $169.0M |
| Net margin | 0.6% | 4.3% | 0.8% | 1.7% | 0.2% | 6.4% | 1.3% | 3.3% |
| EPS (diluted) | $0.10 | $1.22 | $0.13 | $0.31 | $0.04 | $1.84 | $0.23 | $0.62 |
| Balance sheet | ||||||||
| Cash and equivalents | $315.0M | $1.31B | $932.0M | $829.0M | $447.0M | $1.25B | $1.29B | $1.29B |
| Total assets | $17.3B | $16.4B | $16.1B | $15.6B | $17.1B | $16.2B | $16.3B | $15.7B |
| Total liabilities | $13.1B | $11.8B | $11.6B | $11.1B | $12.7B | $11.4B | $11.5B | $10.8B |
| Long-term debt | $2.77B | $2.77B | $2.77B | $2.43B | $2.43B | $2.43B | $2.43B | $2.43B |
| Shareholders' equity | $4.15B | $4.55B | $4.45B | $4.45B | $4.33B | $4.86B | $4.84B | $4.93B |
| Cash flow | ||||||||
| Operating cash flow | −$167.0M | $1.31B | −$64.0M | $319.0M | −$8.00M | $1.18B | $292.0M | $294.0M |
| Capital expenditure | $128.0M | $119.0M | $100.0M | $79.0M | $93.0M | $101.0M | $88.0M | $65.0M |
| Free cash flow | −$295.0M | $1.19B | −$164.0M | $240.0M | −$101.0M | $1.08B | $204.0M | $229.0M |
| Dividends paid | $48.0M | $48.0M | $51.0M | $49.0M | $49.0M | $48.0M | $50.0M | $51.0M |
| Share buybacks | $0 | $1.00M | $97.0M | $52.0M | $51.0M | $50.0M | $51.0M | $53.0M |
From Macy's's 10-K and 10-Q filings with the SEC; its fiscal year ends in January. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Macy's IP Holdings, LLC, doing business as Macy's, is an American department store chain founded in 1858 by Rowland Hussey Macy. The first store was located in Manhattan on Sixth Avenue between 13th and 14th Streets, south of the present-day flagship store at Herald Square on West 34th Street that opened in 1902. It expanded beyond the New York metropolitan area by acquisitions and conversions of regional department stores, facilitated by the purchase of Macy's by Federated Department Stores in 1994. It achieved a national footprint with the acquisition of the May Department Stores Company by Federated in 2005, which resulted in the conversion of its department stores to Macy's in 2006 and the renaming of Federated to Macy's, Inc. in 2007. Macy's is also a sister brand to the upmarket Bloomingdale's department store chain and Bluemercury beauty store chain.
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