Macy's, Inc.MEarnings & Financial Report
Macy's, Inc. is an American holding company of department stores. Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus, Filene's, and Shillito's. Bloomingdale's joined Federated Department Stores the next year. Throughout its early history, frequent acquisitions and divestitures saw the company operate a number of nameplates. In 1994, Federated took over Macy's, the old department store chain originally founded in 1858 by A...
Revenue
$4.6B
Gross Profit
$1.8B
Operating Profit
$94.0M
Net Profit
$38.0M
Gross Margin
39.2%
Operating Margin
2.0%
Net Margin
0.8%
YoY Growth
-5.1%
EPS
$0.13
Macy's, Inc. Q1 FY2026 Financial Summary
Macy's, Inc. reported revenue of $4.6B (down 5.1% YoY) for Q1 FY2026, with a net profit of $38.0M (down 38.7% YoY) (0.8% margin). Cost of goods sold was $2.8B, operating expenses totaled $1.7B.
Key Financial Metrics
| Total Revenue | $4.6B |
|---|---|
| Net Profit | $38.0M |
| Gross Margin | 39.2% |
| Operating Margin | 2.0% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Macy's, Inc. Q1 FY2026 revenue of $4.6B breaks down across 4 segments, led by Home Other at $3.2B (69.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Home Other | $3.2B | 69.9% |
| Credit Card Revenues Net | $669.0M | 14.5% |
| Other | $529.0M | 11.5% |
| Macys Media Network Revenue Net | $188.0M | 4.1% |
Macy's, Inc. Revenue by Segment — Quarterly Trend
Macy's, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Home Other and Credit Card Revenues Net) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Home Other | $638.0M | $736.0M | $3.2B | $1.3B |
| Credit Card Revenues Net | $158.0M | $153.0M | $669.0M | $175.0M |
| Other | — | — | $529.0M | — |
| Macys Media Network Revenue Net | $42.0M | $34.0M | $188.0M | $64.0M |
Macy's, Inc. Annual Revenue by Year
Macy's, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $22.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $22.3B |
| 2024 | $23.1B |
| 2023 | $24.4B |
| 2022 | $24.5B |
Macy's, Inc. Quarterly Revenue & Net Profit History
Macy's, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $4.7B | -0.6% | $11.0M | 0.2% |
| Q2 FY2026 | $4.8B | -2.5% | $87.0M | 1.8% |
| Q1 FY2026 | $4.6B | -5.1% | $38.0M | 0.8% |
| Q4 FY2025 | $7.8B | -4.3% | $342.0M | 4.4% |
| Q3 FY2025 | $4.7B | -2.4% | $28.0M | 0.6% |
| Q2 FY2025 | $4.9B | -3.8% | $150.0M | 3.0% |
| Q1 FY2025 | $4.8B | -2.7% | $62.0M | 1.3% |
| Q4 FY2024 | $8.1B | -1.7% | $-71.0M | -0.9% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.12B | $4.85B | $4.94B | $4.74B | $7.77B | $4.60B | $4.81B | $4.71B |
| YoY Growth | -1.7% | -2.7% | -3.8% | -2.4% | -4.3% | -5.1% | -2.5% | -0.6% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $16.25B | $16.45B | $15.83B | $17.29B | $16.40B | $16.09B | $15.55B | $17.06B |
| Liabilities | $12.11B | $12.26B | $11.53B | $13.15B | $11.85B | N/A | N/A | N/A |
| Equity | $4.14B | $4.19B | $4.30B | $4.15B | $4.55B | $4.45B | $4.45B | $4.33B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.15B | $129.0M | $8.0M | $-167.0M | $1.31B | $-64.0M | $319.0M | $-8.0M |