Macy's, Inc. (M) Earnings History
Profitable34 years of earnings data (1992–2025) · Positive TTM net income
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Macy's, Inc. (M) Earnings Overview
As of October 3, 2026, Macy's, Inc. (M) reported trailing twelve-month net income of $749M, reflecting +12.1% year-over-year growth. The company earned $2.75 per diluted share over the past four quarters, with a net profit margin of 2.8%.
Looking at the long-term picture, M's historical earnings data spans multiple years. The company achieved its highest annual net income of $1.57B in fiscal 2017.
Macy's, Inc. maintains positive profitability with a gross margin of 36.5%, operating margin of 4.6%, and net margin of 2.8%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including KSS ($270M net income, 1.8% margin), DDS ($682M net income, 8.7% margin), BKE ($221M net income, 16.2% margin), M has outperformed on profitability metrics. Compare M vs KSS →
M Earnings vs Peers
Earnings metrics vs comparable public companies
M Historical Earnings Data (1992–2025)
34 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $642M | +10.3% | $1.03B | $2.32 | 2.8% | 4.6% |
| 2024 | $582M | +1193.3% | $909M | $2.07 | 2.5% | 4.0% |
| 2023 | $45M | -96.1% | $301M | $0.16 | 0.2% | 1.3% |
| 2022 | $1.15B | -19.9% | $1.69B | $4.19 | 4.5% | 6.6% |
| 2021 | $1.43B | +136.3% | $2.35B | $4.55 | 5.6% | 9.3% |
| 2020 | -$3.94B | -799.3% | -$4.47B | $-12.68 | -21.8% | -24.7% |
| 2019 | $564M | -49.1% | $970M | $1.81 | 2.2% | 3.8% |
| 2018 | $1.11B | -29.2% | $1.74B | $3.56 | 4.3% | 6.8% |
| 2017 | $1.57B | +149.8% | $1.86B | $5.10 | 6.1% | 7.3% |
| 2016 | $627M | -41.5% | $1.37B | $2.02 | 2.4% | 5.2% |
| 2015 | $1.07B | -29.8% | $2.04B | $3.22 | 4.0% | 7.5% |
| 2014 | $1.53B | +2.7% | $2.80B | $4.22 | 5.4% | 10.0% |
| 2013 | $1.49B | +11.3% | $2.68B | $3.86 | 5.3% | 9.6% |
| 2012 | $1.33B | +6.3% | $2.66B | $3.24 | 4.8% | 9.6% |
| 2011 | $1.26B | +48.3% | $2.41B | $2.92 | 4.8% | 9.1% |
| 2010 | $847M | +157.4% | $1.89B | $1.98 | 3.4% | 7.6% |
| 2009 | $329M | +106.8% | $1.06B | $0.78 | 1.4% | 4.5% |
| 2008 | -$4.80B | -637.8% | -$4.38B | $-11.40 | -19.3% | -17.6% |
| 2007 | $893M | -10.3% | $1.86B | $1.97 | 3.4% | 7.1% |
| 2006 | $995M | -29.2% | $1.84B | $1.81 | 3.7% | 6.8% |
| 2005 | $1.41B | +104.1% | $2.42B | $3.24 | 6.3% | 10.8% |
| 2004 | $689M | -0.6% | $1.40B | $1.93 | 4.4% | 8.9% |
| 2003 | $693M | -15.3% | $1.34B | $1.86 | 4.5% | 8.8% |
| 2002 | $818M | +396.4% | $1.34B | $2.06 | 5.3% | 8.7% |
| 2001 | -$276M | -50.0% | $1.10B | $-0.69 | -1.8% | 7.1% |
| 2000 | -$184M | -123.1% | $1.69B | $-0.45 | -1.1% | 10.2% |
| 1999 | $795M | +20.1% | $1.69B | $1.81 | 5.0% | 10.6% |
| 1998 | $662M | +23.5% | $1.46B | $1.48 | 4.3% | 9.5% |
| 1997 | $536M | +101.5% | $1.34B | $1.21 | 3.5% | 8.8% |
| 1996 | $266M | +256.6% | $893M | $0.62 | 1.7% | 5.9% |
| 1995 | $75M | -60.2% | $982M | $0.20 | 0.5% | 6.5% |
| 1994 | $188M | -2.9% | $635M | $0.70 | 2.3% | 7.6% |
| 1993 | $193M | +71.1% | $532M | $0.75 | 2.7% | 7.4% |
| 1992 | $113M | - | $430M | $0.51 | 1.6% | 6.1% |
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M — Frequently Asked Questions
Quick answers to the most common questions about buying M stock.
What is M earnings per share (EPS)?
M trailing twelve-month (TTM) diluted EPS is $2.75, reflecting +12.1% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1992 to 2025 is available in the table on this page.
What is Macy's, Inc.'s net income?
Macy's, Inc. (M) trailing twelve-month net income is $749M as of 2025. Earnings grew +12.1% year-over-year. Macy's, Inc. has been profitable for 5 consecutive years.
Is M profitable?
Yes, M is profitable with a TTM net income of $749M and a net profit margin of +2.8%. Macy's, Inc. has generated profits for 5 consecutive years.
What is M's earnings growth rate?
M compound annual EPS growth rates (CAGR): 1-Year: +12.1%, 3-Year: -17.9%, 5-Year: N/A, 10-Year: -3.2%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1992 to 2025.
What are M's profit margins?
Macy's, Inc. net profit margin is +2.8%, operating margin is +4.6%, and gross margin is +36.5%. Below-average margins reflect competitive or cost pressures. Return on Equity is +13.6%.
Is M growing earnings?
M is growing earnings steadily. YoY EPS growth of +12.1% is consistent with the 5-year CAGR of N/A. TTM net income is $749M.
What was M's best earnings year?
Macy's, Inc.'s highest annual net income on record is $1.6B, achieved in fiscal year 2017. Earnings history on this page spans 1992 to 2025 and includes all annual and quarterly figures.
What were M's earnings last quarter?
M's most recent reported quarter was Q2 2026. Net income was $169M with diluted EPS of $0.62. For a full breakdown of all quarters, see the quarterly earnings table on this page.