Macy's, Inc. (M)

Macy's Income Statement

Financials in millions USD. Fiscal year is February - January.

Fiscal Quarter	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Period Ending	Jan 31, 2026	Nov 1, 2025	Aug 2, 2025	May 3, 2025	Feb 1, 2025	Nov 2, 2024	Aug 3, 2024	May 4, 2024	Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021
Revenue	22,621	22,712	22,702	22,799	23,006	23,374	23,509	23,693	23,866	24,074	24,503	25,057	25,449	25,532	25,718	25,728	25,028	23,399	21,931	19,814
Revenue Growth (YoY)	-1.67%	-2.83%	-3.43%	-3.77%	-3.60%	-2.91%	-4.06%	-5.44%	-6.22%	-5.71%	-4.72%	-2.61%	1.68%	9.12%	17.27%	29.85%	38.30%	19.16%	5.40%	-13.11%
Cost of Revenue	13,497	13,541	13,550	13,588	13,739	13,902	13,943	14,181	14,223	14,560	14,859	15,105	15,348	15,364	15,367	15,298	14,956	13,947	13,309	12,674
Gross Profit	9,124	9,171	9,152	9,211	9,267	9,472	9,566	9,512	9,643	9,514	9,644	9,952	10,101	10,168	10,351	10,430	10,072	9,452	8,622	7,140
Selling, General & Admin	8,240	8,263	8,303	8,332	8,330	8,353	8,329	8,336	8,375	8,426	8,474	8,505	8,460	8,540	8,425	8,312	8,155	7,663	7,416	6,916
Other Operating Expenses	-15	-52	-133	-176	-149	-149	-50	-13	-40	2	-25	-23	-48	-70	-103	-109	-62	-81	-14	232
Total Operating Expenses	8,225	8,211	8,170	8,156	8,181	8,204	8,279	8,323	8,335	8,428	8,449	8,482	8,412	8,470	8,322	8,203	8,093	7,582	7,402	7,148
Operating Income	899	960	982	1,055	1,086	1,268	1,287	1,189	1,308	1,086	1,195	1,470	1,689	2,069	2,400	2,598	2,350	1,736	1,086	-142
Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	2
Interest Expense	-97	-98	-105	-111	-115	-121	-124	-129	-135	-139	-146	-152	-162	-175	-186	-224	-467	-298	-325	-318
Other Non-Operating Income (Expense)	-16	-16	-1	12	15	7	-1	-123	-123	-127	-147	-22	-50	-31	-182	-256	-228	-241	-75	-34
Total Non-Operating Income (Expense)	-113	-114	-106	-99	-100	-114	-125	-252	-258	-266	-293	-174	-212	-162	-324	-436	-440	-538	-399	-350
Pretax Income	786	846	876	956	986	1,154	1,162	937	1,050	820	902	1,296	1,477	1,863	2,032	2,118	1,866	1,198	687	-492
Provision for Income Taxes	207	146	159	176	182	116	31	-22	56	179	194	291	454	451	489	505	436	351	170	-233
Net Income	579	700	717	780	804	1,066	1,079	907	1,000	652	719	1,016	1,147	1,412	1,543	1,613	1,430	847	517	-259
Net Income to Common	579	700	717	780	804	1,066	1,079	907	1,000	652	719	1,016	1,147	1,412	1,543	1,613	1,430	847	517	-259
Net Income Growth	-27.98%	-34.33%	-33.55%	-14.00%	-19.60%	63.50%	50.07%	-10.73%	-12.82%	-53.82%	-53.40%	-37.01%	-19.79%	66.71%	198.45%	-	-	-	-	-
Shares Outstanding (Basic)	271	274	277	278	278	277	276	275	274	273	273	272	275	281	290	300	307	311	312	311
Shares Outstanding (Diluted)	277	278	280	282	282	280	279	277	276	277	277	278	281	288	297	307	314	317	316	314
Shares Change (YoY)	-1.83%	-0.47%	0.49%	1.72%	2.04%	1.03%	0.67%	-0.36%	-1.80%	-3.74%	-6.66%	-9.50%	-10.46%	-9.21%	-6.17%	-2.35%	0.50%	1.86%	1.66%	1.04%
EPS (Basic)	2.41	1.73	1.79	2.01	2.09	0.39	0.44	-0.18	0.17	2.51	2.76	3.85	4.29	4.92	5.30	5.40	4.72	2.73	1.66	-0.84
EPS (Diluted)	2.32	1.69	1.75	1.97	2.06	0.38	0.43	-0.18	0.16	2.46	2.70	3.77	4.19	4.80	5.17	5.26	4.60	2.66	1.61	-0.86
EPS Growth	12.62%	344.74%	306.98%	-	1187.50%	-84.55%	-84.07%	-	-96.18%	-48.75%	-47.78%	-28.33%	-8.91%	80.45%	221.12%	-	-	-	-	-
Shares Outstanding	263	268.51	271.54	277.73	277.7	277.37	277.37	276.41	274.2	273.83	273.83	271.36	271.3	270.51	270.51	292.41	292.4	307.75	311.83	310.57
Free Cash Flow	1,057	1,164	970	621	760	572	659	759	674	567	683	540	727	1,580	1,460	2,002	2,358	968	1,369	1,030
Free Cash Flow Growth	39.08%	103.50%	47.19%	-18.18%	12.76%	0.88%	-3.51%	40.56%	-7.29%	-64.11%	-53.22%	-73.03%	-69.17%	63.22%	6.65%	94.37%	658.20%	-12.87%	174.35%	55.59%
Free Cash Flow Per Share	3.82	4.18	3.46	2.21	2.70	2.04	2.36	2.74	2.44	2.05	2.47	1.94	2.59	5.49	4.92	6.52	7.51	3.05	4.33	3.28
Dividends Per Share	0.730	0.721	0.712	0.704	0.690	0.685	0.677	0.668	0.660	0.654	0.646	0.638	0.630	0.623	0.615	0.458	0.300	0.150	-	-
Dividend Growth	5.80%	5.26%	5.26%	5.27%	4.54%	4.77%	4.77%	4.77%	4.76%	5.01%	5.01%	39.43%	110.00%	315.00%	-	-	-20.53%	-80.13%	-	-
Gross Margin	40.33%	40.38%	40.31%	40.40%	40.28%	40.52%	40.69%	40.15%	40.40%	39.52%	39.36%	39.72%	39.69%	39.82%	40.25%	40.54%	40.24%	40.39%	39.31%	36.04%
Operating Margin	3.97%	4.23%	4.33%	4.63%	4.72%	5.42%	5.47%	5.02%	5.48%	4.51%	4.88%	5.87%	6.64%	8.10%	9.33%	10.10%	9.39%	7.42%	4.95%	-0.72%
Profit Margin	2.56%	3.08%	3.16%	3.42%	3.49%	4.56%	4.59%	3.83%	4.19%	2.71%	2.93%	4.05%	4.51%	5.53%	6.00%	6.27%	5.71%	3.62%	2.36%	-1.31%
FCF Margin	4.67%	5.13%	4.27%	2.72%	3.30%	2.45%	2.80%	3.20%	2.82%	2.36%	2.79%	2.16%	2.86%	6.19%	5.68%	7.78%	9.42%	4.14%	6.24%	5.20%
EBITDA	1,793	1,856	1,871	1,939	1,967	2,157	2,180	2,084	2,205	1,970	2,072	2,339	2,546	2,913	3,243	3,454	3,224	2,641	2,017	804
EBITDA Margin	7.93%	8.17%	8.24%	8.50%	8.55%	9.23%	9.27%	8.80%	9.24%	8.18%	8.46%	9.33%	10.00%	11.41%	12.61%	13.43%	12.88%	11.29%	9.20%	4.06%
EBIT	899	960	982	1,055	1,086	1,268	1,287	1,189	1,308	1,086	1,195	1,470	1,689	2,069	2,400	2,598	2,350	1,736	1,086	-142
EBIT Margin	3.97%	4.23%	4.33%	4.63%	4.72%	5.42%	5.47%	5.02%	5.48%	4.51%	4.88%	5.87%	6.64%	8.10%	9.33%	10.10%	9.39%	7.42%	4.95%	-0.72%
Effective Tax Rate	26.34%	17.26%	18.15%	18.41%	18.46%	10.05%	2.67%	-2.35%	5.33%	21.83%	21.51%	22.45%	30.74%	24.21%	24.07%	23.84%	23.37%	29.30%	24.75%	47.36%

Updated Mar 18, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q