Macy's, Inc. (M) Earnings History
Annual and quarterly earnings data from 1992 to 2025
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M EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
M Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 36.5% | 4.6% | 2.8% |
| 2024 | 40.3% | 4.0% | 2.5% |
| 2023 | 40.4% | 1.3% | 0.2% |
| 2022 | 39.7% | 6.6% | 4.5% |
| 2021 | 41.1% | 9.3% | 5.6% |
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Macy's, Inc. (M) Earnings Overview
As of May 6, 2026, Macy's, Inc. (M) reported trailing twelve-month net income of $642M, reflecting +12.1% year-over-year growth. The company earned $2.32 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 ($271M net income, 1.8% margin), DDS ($571M net income, 8.7% margin), BKE ($206M net income, 16.1% 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% |
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Start ComparisonM — Frequently Asked Questions
Quick answers to the most common questions about buying M stock.
Is M growing earnings?
M EPS stands at $2.32, with +12.1% growth matching the 5-year CAGR of N/A. TTM net income is $642M. Earnings trajectory remains consistent.
What are M's profit margins?
Macy's, Inc. net margin is +2.8%, with operating margin at +4.6%. Below-average margins reflect competitive or cost pressures.
How consistent are M's earnings?
M earnings data spans 1992-2025. The current earnings trend is +12.1% YoY. Historical data enables comparison across business cycles.