Macy's, Inc.

M Consumer Cyclical Department Stores

Macy's, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $22.6 billion, down 1.67% from fiscal 2025.

Revenue
+1.20%
EPS
+100.0%
Free cash flow
−17.4%
Total debt
−7.35%

Quarter to July 2026, against a year earlier

24.27 1.43 −5.56%
Market cap
$6.3B
P/E
8.6×
Fwd P/E
10.1×
Dividend yield
3.12%
F-score
8/9
Altman Z
2.65
Beneish M
−1.80
Dividend safety
78/100

Macy's, Inc. (M) Operating margin

Alert me on Operating margin

Macy's, Inc.'s operating margin over the twelve months to 31 July 2026 was 5.02%, up 0.5 percentage points from fiscal 2026 (4.55%). Over the past ten years it has ranged from −24.7% (fiscal 2021) to 9.96% (fiscal 2015); the current reading is higher than 42% of that period. That is above the Consumer Cyclical sector median of 3.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 4.55% 0.60
FY2025 3.95% 2.69
FY2024 1.26% (5.38)
FY2023 6.64% (2.61)
FY2022 9.25% 33.98
FY2021 −24.7% (28.56)
FY2020 3.83% (2.92)
FY2019 6.75% (0.52)
FY2018 7.27% 2.11
FY2017 5.16% (2.37)

Quarterly newest first

Period Operating margin Change (points)
Jul 2026 4.82% 2.53
Apr 2026 2.29% (7.12)
Jan 2026 9.41% 8.56
Oct 2025 0.85% (2.13)
43 more quarters

Against its own ten years

Low −24.7% High 9.96%
Ten-year median 5.90%
Current reading's percentile 49

Operating margin against peers

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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