M · Macy'S, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $4.91B | $5.00B | $4.79B | $4.90B | $5.10B | $5.00B | $5.04B | $5.28B | $5.17B |
| Cost of Revenue | - | $2.85B | $2.90B | $2.79B | $5.15B | $2.94B | $2.95B | $2.90B | $3.18B | $2.99B |
| Gross Profit | - | $2.06B | $2.10B | $2.00B | ($250.00M) | $2.16B | $2.05B | $2.14B | $2.10B | $2.19B |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $2.02B | $1.94B | $1.91B | $2.06B | $1.97B | $1.91B | $2.04B | $1.98B | $1.95B |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $235.00M | $213.00M | $219.00M | - | - | $216.00M | - | - | $218.00M |
| Operating Income | - | $42.00M | $149.00M | $94.00M | ($149.00M) | $222.00M | $125.00M | $86.00M | $124.00M | $244.00M |
| Interest Expense | - | - | - | - | - | - | - | - | - | $37.00M |
| Income Tax | - | ($6.00M) | $28.00M | $30.00M | ($52.00M) | $45.00M | $36.00M | $3.00M | ($8.00M) | $56.00M |
| Net Income | - | $11.00M | $87.00M | $38.00M | ($128.00M) | $150.00M | $62.00M | $43.00M | ($22.00M) | $155.00M |
| EPS - Basic | - | $0.04 | $0.32 | $0.14 | ($0.47) | $0.54 | $0.22 | $0.16 | ($0.08) | $0.57 |
| EPS - Diluted | - | $0.04 | $0.31 | $0.13 | ($0.46) | $0.53 | $0.22 | $0.15 | ($0.08) | $0.56 |
Balance Sheet
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.25B | $447.00M | $829.00M | $932.00M | $315.00M | $646.00M | $876.00M | $364.00M | $438.00M | $603.00M |
| Accounts Receivable | - | - | - | $303.00M | - | - | $293.00M | - | - | $255.00M |
| Inventory | $4.41B | $6.30B | $4.34B | $4.66B | $6.26B | $4.38B | $4.69B | $6.03B | $4.13B | $4.61B |
| Accounts Payable | $1.81B | $3.44B | $1.82B | $2.13B | $3.34B | $1.87B | $2.35B | $3.47B | $1.98B | $2.42B |
| Current Assets | $6.67B | $7.38B | $5.83B | $6.29B | $7.25B | $5.71B | $6.26B | $7.07B | $5.27B | $5.86B |
| Total Assets | $16.24B | $17.06B | $15.55B | $16.09B | $17.29B | $15.83B | $16.45B | $18.11B | $16.30B | $16.87B |
| Current Liabilities | $4.49B | $5.89B | $4.22B | $4.39B | $5.77B | $3.87B | $4.55B | $6.01B | $4.18B | $4.78B |
| Long-term Debt | - | $2.43B | $2.63B | $2.78B | $2.78B | $3.00B | $3.00B | $3.00B | $3.00B | $3.00B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $4.86B | $4.33B | $4.45B | $4.45B | $4.15B | $4.30B | $4.19B | $4.14B | $4.21B | $4.17B |
| Retained Earnings | $6.94B | - | - | $6.50B | $6.22B | - | $6.19B | - | - | $6.27B |
Cash Flow
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($64.00M) | - | - | $129.00M | - | - | $105.00M |
| Investing Cash Flow | - | - | - | ($133.00M) | - | - | ($217.00M) | - | - | ($270.00M) |
| Financing Cash Flow | - | - | - | ($178.00M) | - | - | ($70.00M) | - | - | ($94.00M) |
| CapEx | - | - | - | $100.00M | - | - | $154.00M | - | - | $215.00M |
| Free Cash Flow | - | - | - | ($164.00M) | - | - | ($25.00M) | - | - | ($110.00M) |
Ratios
| Metric | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 41.9% | 42.0% | 41.7% | -5.1% | 42.3% | 41.1% | 42.4% | 39.8% | 42.2% |
| Operating margin | - | 0.9% | 3.0% | 2.0% | -3.0% | 4.4% | 2.5% | 1.7% | 2.3% | 4.7% |
| EBITDA margin | - | 5.6% | 7.2% | 6.5% | - | - | 6.8% | - | - | 8.9% |
| Net margin | - | 0.2% | 1.7% | 0.8% | -2.6% | 2.9% | 1.2% | 0.9% | -0.4% | 3.0% |
| Free cash flow margin | - | - | - | -3.4% | - | - | -0.5% | - | - | -2.1% |
| FCF / Net income | - | - | - | -4.32 | - | - | -0.40 | - | - | -0.71 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 41.2% | 38.9% | 39.9% | 42.1% | 38.7% | 38.2% | 40.5% | 37.5% | 37.7% |
| Effective tax rate | - | -120.0% | 24.3% | 44.1% | - | 23.1% | 36.7% | 6.5% | - | 26.5% |
| Return on assets | - | 0.1% | 0.6% | 0.2% | -0.7% | 0.9% | 0.4% | 0.2% | -0.1% | 0.9% |
| Return on equity | - | 0.3% | 2.0% | 0.9% | -3.1% | 3.5% | 1.5% | 1.0% | -0.5% | 3.7% |
| Return on invested capital | - | 0.6% | 1.6% | 0.7% | -1.7% | 2.3% | 1.1% | 1.1% | 1.4% | 2.5% |
| Liquidity | ||||||||||
| Current ratio | 1.49 | 1.25 | 1.38 | 1.43 | 1.26 | 1.48 | 1.38 | 1.18 | 1.26 | 1.22 |
| Quick ratio | 0.50 | 0.18 | 0.35 | 0.37 | 0.17 | 0.34 | 0.35 | 0.17 | 0.27 | 0.26 |
| Cash ratio | 0.28 | 0.08 | 0.20 | 0.21 | 0.05 | 0.17 | 0.19 | 0.06 | 0.10 | 0.13 |
| Leverage | ||||||||||
| Debt / Equity | - | 0.56 | 0.59 | 0.62 | 0.67 | 0.70 | 0.72 | 0.72 | 0.71 | 0.72 |
| Debt / Assets | - | 0.14 | 0.17 | 0.17 | 0.16 | 0.19 | 0.18 | 0.17 | 0.18 | 0.18 |
| Debt / EBITDA | - | 8.78 | 7.25 | 8.88 | - | - | 8.79 | - | - | 6.48 |
| Interest coverage | - | - | - | - | - | - | - | - | - | 6.6x |
| Equity multiplier | 3.34 | 3.94 | 3.49 | 3.61 | 4.17 | 3.68 | 3.93 | 4.37 | 3.87 | 4.05 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | - | 0.29 | 0.32 | 0.30 | 0.28 | 0.32 | 0.30 | 0.28 | 0.32 | 0.31 |
| Inventory turnover | - | 0.45 | 0.67 | 0.60 | 0.82 | 0.67 | 0.63 | 0.48 | 0.77 | 0.65 |
| Days sales outstanding | - | - | - | 23d | - | - | 21d | - | - | 18d |
| Days inventory outstanding | - | 805d | 546d | 609d | 443d | 544d | 581d | 758d | 475d | 563d |
| Days payable outstanding | - | 439d | 229d | 279d | 237d | 232d | 291d | 436d | 227d | 295d |
| Cash conversion cycle | - | - | - | 353d | - | - | 311d | - | - | 286d |
| Valuation | ||||||||||
| P / E | - | 487.2x | 39.9x | 91.9x | - | 30.1x | 88.7x | 77.9x | - | 29.2x |
| P / B | - | 1.2x | 0.8x | 0.8x | 1.0x | 1.0x | 1.3x | 0.8x | 1.1x | 1.1x |
| P / S | - | 1.1x | 0.7x | 0.7x | 0.9x | 0.9x | 1.1x | 0.6x | 0.8x | 0.9x |
| EV / EBITDA | - | 26.5x | 14.4x | 16.6x | - | - | 22.3x | - | - | 15.0x |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 0.2% | -1.9% | -4.1% | -2.7% | -3.5% | -3.3% | -3.7% | -5.7% | -3.3% |
| Revenue CAGR (3y) | - | -2.1% | -3.7% | -3.6% | -3.4% | -3.4% | 2.0% | 8.1% | 14.1% | 19.7% |
| Revenue CAGR (5y) | - | 4.2% | 7.0% | 9.7% | -1.1% | -1.7% | -1.9% | -1.4% | -1.1% | -1.4% |
| Gross profit growth (YoY) | - | - | -2.7% | -2.7% | - | 2.6% | -6.0% | 5.4% | -3.4% | 3.2% |
| Operating income growth (YoY) | - | - | -32.9% | -24.8% | - | 79.0% | -48.8% | -55.2% | -68.9% | -47.3% |
| Net income growth (YoY) | - | - | -42.0% | -38.7% | - | - | -60.0% | -60.2% | - | -45.8% |
| EPS growth (YoY) | - | - | -41.5% | -40.9% | - | - | -60.7% | -61.5% | - | -42.9% |
| EPS CAGR (3y) | - | -53.2% | -32.1% | -49.0% | - | -21.1% | -11.7% | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | 13.6% | -12.9% | -5.6% | - | 4.5% |
| FCF growth (YoY) | - | - | - | -556.0% | - | - | 77.3% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 9.2% | 4.4% | 3.4% | 6.3% | 0.1% | 2.2% | 0.4% | 19.3% | 19.2% | 27.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-31.
Product / service
$21.76B totalWomens Accessories Shoes Cosmetics And Fragrances$9.13B · 41.9%
Womens Apparel$4.76B · 21.9%
Mens And Kids$4.66B · 21.4%
Home Other$3.21B · 14.8%
Peer comparison
Same SIC group: Retail-Department Stores
Comparing Macy's against the 3 most active filers in the same SIC group.
Dividends
$0.74/share trailing 12 months · +4.8% YoY
| Ex-date | Per share |
|---|---|
| Mar 13, 2026 | $0.1920 |
| Dec 15, 2025 | $0.1820 |
| Sep 15, 2025 | $0.1820 |
| Jun 13, 2025 | $0.1820 |
| Mar 14, 2025 | $0.1820 |
| Dec 13, 2024 | $0.1740 |
| Sep 13, 2024 | $0.1740 |
| Jun 14, 2024 | $0.1740 |
| Mar 14, 2024 | $0.1740 |
| Dec 14, 2023 | $0.1650 |
| Sep 14, 2023 | $0.1650 |
| Jun 14, 2023 | $0.1650 |
| Mar 14, 2023 | $0.1650 |
| Dec 14, 2022 | $0.1580 |
| Sep 14, 2022 | $0.1580 |
| Jun 14, 2022 | $0.1580 |
| Mar 14, 2022 | $0.1580 |
| Dec 14, 2021 | $0.1500 |
| Sep 14, 2021 | $0.1500 |
| Mar 12, 2020 | $0.3780 |
| Dec 12, 2019 | $0.3780 |
| Sep 12, 2019 | $0.3780 |
| Jun 13, 2019 | $0.3780 |
| Mar 14, 2019 | $0.3780 |