Financials · M

Macy's Inc (M) financials

For the twelve months ended Aug 1, 2026, Macy's Inc reported $22.78B of revenue and $750.00M of net income.

Revenue, TTM
$22.78B
Revenue growth, YoY
+0.3%
Net income, TTM
$750.00M
Net income growth, YoY
+51.5%
Net margin
3.3%
Free cash flow, TTM
$1.41B
EPS, diluted, TTM
$2.73
EPS growth, YoY
+55.1%
Cash
$1.29B
Total debt
$2.43B
P/E
8.04
P/S
0.26
Market cap
$6.03B
Annual revenue$22.62B
FY2016FY2025
Annual net income$642.00M
FY2016FY2025
Annual free cash flow$1.06B
FY2016FY2025

M revenue and earnings growth

M revenueQ2 2026$5.06B

Quarter YoY
+1.2%
QoQ
+3.4%
FY YoY
-1.7%
5Y CAGR
+5.5%
10Y CAGR
-1.8%

M revenue was $5.06B in fiscal Q2 2026 (ended Aug 1, 2026), up 1.2% from a year earlier and up 3.4% from the prior quarter. For the full fiscal 2025 it was $22.62B, down 1.7% from fiscal 2024. Compound annual growth was +5.5% over 5 years and -1.8% over 10 years. It rose in 3 of the last 10 fiscal years.

M net incomeQ2 2026$169.00M

Quarter YoY
+94.3%
QoQ
+168.3%
FY YoY
+10.3%
10Y CAGR
-5.0%

M net income was $169.00M in fiscal Q2 2026 (ended Aug 1, 2026), up 94.3% from a year earlier and up 168.3% from the prior quarter. For the full fiscal 2025 it was $642.00M, up 10.3% from fiscal 2024. Compound annual growth was -5.0% over 10 years. It rose in 2 of the last 4 fiscal years.

M EPSQ2 2026$0.62

Quarter YoY
+100.0%
QoQ
+169.6%
FY YoY
+12.1%
10Y CAGR
-3.2%

M diluted EPS was $0.62 in fiscal Q2 2026 (ended Aug 1, 2026), up 100.0% from a year earlier and up 169.6% from the prior quarter. For the full fiscal 2025 it was $2.32, up 12.1% from fiscal 2024. Compound annual growth was -3.2% over 10 years.

M free cash flowQ2 2026$229.00M

Quarter YoY
-4.6%
QoQ
+12.3%
FY YoY
+39.1%
5Y CAGR
+27.7%
10Y CAGR
-1.3%

M free cash flow was $229.00M in fiscal Q2 2026 (ended Aug 1, 2026), down 4.6% from a year earlier and up 12.3% from the prior quarter. For the full fiscal 2025 it was $1.06B, up 39.1% from fiscal 2024. Compound annual growth was +27.7% over 5 years and -1.3% over 10 years. It rose in 4 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Jan 31, 2026
Feb 1, 2025
Feb 3, 2024
Jan 28, 2023
Jan 29, 2022
Jan 30, 2021
Feb 1, 2020
Feb 2, 2019
Feb 3, 2018
Jan 28, 2017
Revenue$22.62B$23.01B$23.87B$25.45B$25.40B$17.35B$24.56B$24.97B$24.94B$25.91B
Cost of revenue$13.50B$13.74B$14.22B$15.35B$14.96B$12.29B$15.17B$15.21B$15.18B$15.67B
Gross profit$9.12B$9.27B$9.64B$10.10B$10.44B$5.06B$9.39B$9.76B$9.69B$10.16B
Selling, general and admin$8.24B$8.33B$8.38B$8.46B$8.15B$6.77B$9.00B$9.04B$8.95B$9.26B
Operating income$1.03B$909.00M$301.00M$1.69B$2.35B-$4.47B$970.00M$1.74B$1.86B$1.37B
Interest expense$139.00M$158.00M$170.00M$175.00M$256.00M$284.00M$205.00M$261.00M$321.00M$367.00M
Pre-tax income$849.00M$763.00M$43.00M$1.48B$1.87B-$4.79B$728.00M$1.42B$1.52B$965.00M
Income tax$207.00M$181.00M-$2.00M$331.00M$436.00M-$846.00M$164.00M$322.00M-$39.00M$346.00M
Net income$642.00M$582.00M$45.00M$1.15B$1.43B-$3.94B$564.00M$1.11B$1.57B$627.00M
EPS, basic$2.37$2.10$0.16$4.17$4.66-$12.68$1.82$3.60$5.13$2.03
EPS, diluted$2.32$2.07$0.16$4.08$4.55-$12.68$1.81$3.56$5.10$2.02
Diluted shares276.5M281.6M278.2M281.1M314.0M311.1M311.4M311.4M306.8M310.8M

Balance sheet

Balance sheet
Line item
Jan 31, 2026
Feb 1, 2025
Feb 3, 2024
Jan 28, 2023
Jan 29, 2022
Jan 30, 2021
Feb 1, 2020
Feb 2, 2019
Feb 3, 2018
Jan 28, 2017
Cash and equivalents$1.25B$1.31B$1.04B$865.00M$1.72B$1.75B$731.00M$1.25B$1.51B$1.33B
Receivables-$303.00M$293.00M$300.00M$297.00M$276.00M$409.00M$400.00M$363.00M$522.00M
Inventory$4.41B$4.47B$4.36B$4.27B$4.38B$3.77B$5.19B$5.26B$5.18B$5.40B
Current assets$6.67B$6.48B$6.09B$5.85B$6.76B$6.18B$6.81B$7.45B$7.65B$7.63B
Goodwill$828.00M$828.00M$828.00M$828.00M$828.00M$828.00M$3.91B$3.91B$3.90B$3.90B
Total assets$16.24B$16.40B$16.25B$16.87B$17.59B$17.71B$21.17B$19.19B$19.58B$19.85B
Current liabilities$4.49B$4.52B$4.53B$4.86B$5.42B$5.36B$5.75B$5.23B$5.18B$5.65B
Short-term debt$0$6.00M$0$0$0$452.00M$539.00M$43.00M$22.00M$309.00M
Long-term debt$2.43B$2.77B$3.00B$3.00B$3.29B$4.41B$3.62B$4.71B$5.86B$6.56B
Total debt$2.43B$2.78B$3.00B$3.00B$3.29B$4.86B$4.16B$4.75B$5.88B$6.87B
Total liabilities$11.38B$11.85B$12.21B$12.83B$13.98B$15.15B$14.79B$12.76B$13.85B$15.48B
Shareholders' equity$4.86B$4.55B$4.04B$4.04B$3.61B$2.55B$6.38B$6.44B$5.73B$4.38B

Cash flow

Cash flow
Line item
Jan 31, 2026
Feb 1, 2025
Feb 3, 2024
Jan 28, 2023
Jan 29, 2022
Jan 30, 2021
Feb 1, 2020
Feb 2, 2019
Feb 3, 2018
Jan 28, 2017
Operating cash flow$1.43B$1.28B$1.30B$1.61B$2.71B$649.00M$1.61B$1.74B$1.98B$1.80B
Capital expenditures$373.00M$518.00M$631.00M$888.00M$354.00M$338.00M$902.00M$657.00M$487.00M$596.00M
Free cash flow$1.06B$760.00M$674.00M$727.00M$2.36B$311.00M$706.00M$1.08B$1.49B$1.21B
Investing cash flow-$639.00M-$592.00M-$913.00M-$1.17B-$370.00M-$325.00M-$1.00B-$456.00M-$351.00M-$243.00M
Financing cash flow-$852.00M-$413.00M-$220.00M-$1.30B-$2.38B$699.00M-$1.12B-$1.54B-$1.45B-$1.43B
Dividends paid$197.00M$192.00M$181.00M$173.00M$90.00M$117.00M$466.00M$463.00M$461.00M$459.00M
Share repurchases$250.00M$1.00M$38.00M$601.00M$500.00M$1.00M$1.00M$0$1.00M$316.00M
Stock-based compensation$59.00M$58.00M$47.00M$54.00M$55.00M$31.00M$38.00M$63.00M$58.00M$61.00M
Depreciation and amortization$894.00M$881.00M$897.00M$857.00M$874.00M$959.00M$981.00M$962.00M$991.00M$1.06B

Key ratios

Key ratios
Line item
Jan 31, 2026
Feb 1, 2025
Feb 3, 2024
Jan 28, 2023
Jan 29, 2022
Jan 30, 2021
Feb 1, 2020
Feb 2, 2019
Feb 3, 2018
Jan 28, 2017
Revenue growth, YoY-1.7%-3.6%-6.2%0.2%46.4%-29.4%-1.6%0.1%-3.7%-4.3%
Net income growth, YoY10.3%1193.3%-96.1%-19.9%---49.1%-29.2%149.8%-41.5%
EPS growth, YoY12.1%1193.7%-96.1%-10.3%---49.2%-30.2%152.5%-37.3%
Gross margin40.3%40.3%40.4%39.7%41.1%29.2%38.2%39.1%38.8%39.2%
Operating margin4.6%4.0%1.3%6.6%9.3%-25.8%3.9%7.0%7.5%5.3%
Net margin2.8%2.5%0.2%4.5%5.6%-22.7%2.3%4.4%6.3%2.4%
Free cash flow margin4.7%3.3%2.8%2.9%9.3%1.8%2.9%4.3%6.0%4.7%
Return on equity13.2%12.8%1.1%28.4%39.6%-154.5%8.8%17.2%27.3%14.3%
Return on assets4.0%3.5%0.3%6.8%8.1%-22.3%2.7%5.8%8.0%3.2%
Current ratio1.491.431.341.201.251.151.181.421.481.35
Debt to equity0.500.610.740.740.911.900.650.741.031.57

Source: XBRL data Macy's Inc files with the SEC, latest filing dated Sep 10, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

M peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
M$22.78B+0.3%$750.00M3.3%$6.03B
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COST$303.15B+10.1%$9.23B3.0%$466.86B
TGT$107.70B+2.0%$4.39B4.1%$71.97B
DG$43.64B+4.8%$1.70B3.9%$29.51B
DLTR$20.07B+8.2%$1.61B8.0%$24.61B
BURL$12.22B+10.9%$714.18M5.8%$15.50B
BJ$22.81B+9.1%$594.50M2.6%$13.82B
FIVE$5.31B+25.6%$619.18M11.7%$13.23B

M FAQ

9 questions
  • What is M revenue?
    Macy's Inc (M) reported $22.78B of revenue for the twelve months ended Aug 1, 2026. That is up 0.3% from the year before. Revenue for fiscal 2025 was $22.62B.
  • Is M profitable?
    Yes. Macy's Inc earned $750.00M in net income for the twelve months ended Aug 1, 2026, a net margin of 3.3%.
  • How much cash and debt does M have?
    Macy's Inc reported $1.29B in cash and cash equivalents and $2.43B of debt on its most recent balance sheet in SEC filings.
  • How fast is M revenue growing?
    Macy's Inc's revenue changed -1.7% in fiscal 2025, to $22.62B. Its compound annual growth rate was +5.5% over 5 years and -1.8% over 10 years.
  • What is M gross margin?
    Macy's Inc's gross profit was $9.27B on $22.78B of revenue for the twelve months ended Aug 1, 2026, a gross margin of 40.7%.
  • What is M free cash flow?
    Macy's Inc generated $1.41B of free cash flow for the twelve months ended Aug 1, 2026, which is operating cash flow of $1.76B less capital expenditures.
  • What is M earnings per share?
    Diluted earnings per share were $2.73 for the twelve months ended Aug 1, 2026, from SEC filings, restated for any stock split those filings show.
  • When did M last report financial results?
    The latest statements here come from Macy's Inc's 10-Q filed on Sep 10, 2026, covering the period ended Aug 1, 2026.
  • Where does this M financial data come from?
    Quantisnow builds these statements from the structured XBRL data Macy's Inc files with the SEC. It is provided for information only and is not investment advice.