Macy's, Inc. (M) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 4.89B | 7.92B | 4.91B | 5B | 4.79B | 8.01B | 4.9B | 5.1B | 5B | 8.38B | 5.04B | 5.28B | 5.17B | 8.53B | 5.47B | 5.83B | 5.57B | 8.93B | 5.65B | 5.84B |
| Revenue Growth % | 2.07% | -1.14% | 0.2% | -1.9% | -4.14% | -4.39% | -2.68% | -3.48% | -3.34% | -1.77% | -7.85% | -9.5% | -7.04% | -4.52% | -3.29% | -0.17% | 14.39% | 26.9% | 35.08% | 56.8% |
| Cost of Goods Sold | 2.86B | 5.8B | 2.85B | 2.9B | 2.79B | 4.99B | 2.86B | 2.94B | 2.95B | 5.08B | 2.9B | 3.18B | 2.99B | 5.45B | 3.2B | 3.42B | 3.23B | 5.51B | 3.21B | 3.35B |
| COGS % of Revenue | 58.46% | 73.32% | 58.11% | 58.01% | 58.31% | 62.33% | 58.41% | 57.65% | 58.92% | 60.61% | 57.66% | 60.15% | 57.76% | 63.92% | 58.61% | 58.66% | 58.06% | 61.67% | 56.73% | 57.38% |
| Gross Profit | 2.03B | 2.11B | 2.06B | 2.1B | 2B | 3.02B | 2.04B | 2.16B | 2.05B | 3.3B | 2.13B | 2.1B | 2.19B | 3.08B | 2.26B | 2.41B | 2.33B | 3.42B | 2.45B | 2.49B |
| Gross Margin % | 41.54% | 26.68% | 41.89% | 41.99% | 41.69% | 37.67% | 41.59% | 42.35% | 41.08% | 39.39% | 42.34% | 39.85% | 42.24% | 36.08% | 41.39% | 41.34% | 41.94% | 38.33% | 43.27% | 42.62% |
| Gross Profit Growth % | 1.7% | -29.97% | 0.93% | -2.73% | -2.73% | -8.58% | -4.41% | 2.57% | -6% | 7.25% | -5.74% | -12.77% | -6.38% | -10.14% | -7.48% | -3.17% | 18.12% | 34.82% | 51.36% | 146.88% |
| Operating Expenses | 1.95B | 1.37B | 2.02B | 1.94B | 1.9B | 2.52B | 1.98B | 1.94B | 1.93B | 3.37B | 2.05B | 1.98B | 1.94B | 2.4B | 2.07B | 2.01B | 1.87B | 2.41B | 1.92B | 1.89B |
| OpEx % of Revenue | 39.9% | 17.34% | 41.03% | 38.89% | 39.72% | 31.44% | 40.28% | 37.99% | 38.58% | 40.24% | 40.69% | 37.5% | 37.52% | 28.15% | 37.88% | 34.5% | 33.62% | 26.97% | 34.02% | 32.41% |
| Selling, General & Admin | 571.85B | 2.36B | 2.02B | 1.94B | 1.91B | 2.38B | 2.06B | 1.97B | 1.91B | 2.4B | 2.05B | 2.1B | 1.95B | 2.41B | 2.12B | 2.01B | 1.91B | 2.44B | 1.98B | 1.98B |
| SG&A % of Revenue | 11689.43% | 29.8% | 41.2% | 38.89% | 39.91% | 29.75% | 42.1% | 38.72% | 38.22% | 28.72% | 40.63% | 39.81% | 37.7% | 28.22% | 38.78% | 34.47% | 34.23% | 27.27% | 35.04% | 33.86% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -1000K | -1000K | -1000K | 0 | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K |
| Operating Income | 80M | 739M | 42M | 155M | 94M | 499M | 64M | 222M | 125M | -71M | 83M | 124M | 244M | 676M | 192M | 399M | 463M | 1.01B | 523M | 597M |
| Operating Margin % | 1.64% | 9.34% | 0.85% | 3.1% | 1.96% | 6.23% | 1.31% | 4.36% | 2.5% | -0.85% | 1.65% | 2.35% | 4.72% | 7.93% | 3.51% | 6.84% | 8.32% | 11.37% | 9.25% | 10.22% |
| Operating Income Growth % | -14.89% | 48.1% | -34.38% | -30.18% | -24.8% | 802.82% | -22.89% | 79.03% | -48.77% | -110.5% | -56.77% | -68.92% | -47.3% | -33.4% | -63.29% | -33.17% | 115.35% | 153.12% | 511.81% | 194.61% |
| EBITDA | 290M | 961M | 277M | 373M | 313M | 723M | 292M | 435M | 341M | 161M | 315M | 339M | 462M | 895M | 417M | 606M | 669M | 1.22B | 747M | 817M |
| EBITDA Margin % | 5.93% | 12.14% | 5.64% | 7.46% | 6.53% | 9.03% | 5.96% | 8.54% | 6.82% | 1.92% | 6.25% | 6.42% | 8.93% | 10.5% | 7.63% | 10.39% | 12.02% | 13.67% | 13.21% | 13.98% |
| EBITDA Growth % | -7.35% | 32.92% | -5.14% | -14.25% | -8.21% | 349.07% | -7.3% | 28.32% | -26.19% | -82.01% | -24.46% | -44.06% | -30.94% | -26.7% | -44.18% | -25.83% | 52.39% | 91.38% | 507.32% | 306.31% |
| D&A (Non-Cash Add-back) | 210M | 222M | 235M | 218M | 219M | 224M | 228M | 213M | 216M | 232M | 232M | 215M | 218M | 219M | 225M | 207M | 206M | 206M | 224M | 220M |
| EBIT | 118M | 765M | 30M | 140M | 95M | 457M | 67M | 226M | 129M | -75M | 78M | 6M | 248M | 680M | 167M | 406M | 439M | 1.03B | 347M | 530M |
| Net Interest Income | -25M | -20M | -25M | -25M | -27M | -21M | -32M | -31M | -31M | -27M | -35M | -36M | -37M | -31M | -42M | -42M | -47M | -44M | -53M | -80M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12M | 0 | 0 | 0 | 3M | 0 | 0 |
| Interest Expense | 25M | 20M | 25M | 25M | 27M | 21M | 32M | 31M | 31M | 27M | 35M | 36M | 37M | 43M | 42M | 42M | 47M | 47M | 53M | 80M |
| Other Income/Expense | 13M | -78M | -37M | -40M | -26M | -63M | -29M | -27M | -27M | -31M | -40M | -154M | -33M | -39M | -67M | -35M | -71M | -33M | -229M | -147M |
| Pretax Income | 93M | 661M | 5M | 115M | 68M | 436M | 35M | 195M | 98M | -102M | 43M | -30M | 211M | 637M | 125M | 364M | 392M | 982M | 294M | 450M |
| Pretax Margin % | 1.9% | 8.35% | 0.1% | 2.3% | 1.42% | 5.45% | 0.71% | 3.83% | 1.96% | -1.22% | 0.85% | -0.57% | 4.08% | 7.47% | 2.29% | 6.24% | 7.04% | 11% | 5.2% | 7.7% |
| Income Tax | 30M | 155M | -6M | 28M | 30M | 94M | 7M | 45M | 36M | -32M | 2M | -8M | 56M | 128M | 17M | 89M | 106M | 239M | 55M | 105M |
| Effective Tax Rate % | 32.26% | 23.45% | -120% | 24.35% | 44.12% | 21.56% | 20% | 23.08% | 36.73% | 31.37% | 4.65% | 26.67% | 26.54% | 20.09% | 13.6% | 24.45% | 27.04% | 24.34% | 18.71% | 23.33% |
| Net Income | 63M | 506M | 11M | 87M | 38M | 342M | 28M | 150M | 62M | -70M | 41M | -22M | 155M | 509M | 108M | 275M | 286M | 743M | 239M | 345M |
| Net Margin % | 1.29% | 6.39% | 0.22% | 1.74% | 0.79% | 4.27% | 0.57% | 2.94% | 1.24% | -0.84% | 0.81% | -0.42% | 3% | 5.97% | 1.98% | 4.71% | 5.14% | 8.32% | 4.23% | 5.9% |
| Net Income Growth % | 65.79% | 47.95% | -60.71% | -42% | -38.71% | 588.57% | -31.71% | 781.82% | -60% | -113.75% | -62.04% | -108% | -45.8% | -31.49% | -54.81% | -20.29% | 177.67% | 364.38% | 362.64% | 180.05% |
| Net Income (Continuing) | 63M | 506M | 11M | 87M | 38M | 342M | 28M | 150M | 62M | -70M | 41M | -22M | 155M | 509M | 108M | 275M | 286M | 743M | 239M | 345M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.23 | 1.83 | 0.04 | 0.31 | 0.14 | 1.21 | 0.10 | 0.53 | 0.22 | -0.26 | 0.15 | -0.08 | 0.56 | 1.83 | 0.39 | 0.99 | 0.98 | 2.44 | 0.76 | 1.08 |
| EPS Growth % | 64.29% | 51.24% | -59.8% | -41.51% | -36.36% | 565.38% | -33.67% | 759.2% | -60.71% | -114.21% | -61.54% | -108.12% | -42.86% | -25% | -48.68% | -8.33% | 206.25% | 388% | 362.07% | 178.26% |
| EPS (Basic) | 0.24 | 1.87 | 0.04 | 0.32 | 0.14 | 1.23 | 0.10 | 0.54 | 0.22 | -0.26 | 0.15 | -0.08 | 0.57 | 1.87 | 0.40 | 1.01 | 1.01 | 2.50 | 0.78 | 1.11 |
| Diluted Shares Outstanding | 272.7M | 276.5M | 274.6M | 278.3M | 280.7M | 282.6M | 281.5M | 281.6M | 281M | 275M | 277.6M | 273.8M | 277.8M | 278.5M | 277.7M | 277.4M | 290.9M | 304.8M | 313.8M | 318.6M |
| Basic Shares Outstanding | 264.4M | 270.6M | 267.7M | 274.7M | 277.6M | 278.5M | 278.4M | 277.7M | 276.1M | 275M | 274.7M | 273.8M | 273.1M | 272.2M | 272M | 271.1M | 283.6M | 296.5M | 306.9M | 312.4M |
| Dividend Payout Ratio | 79.37% | 9.49% | 445.45% | 56.32% | 134.21% | 14.04% | 171.43% | 32% | 77.42% | - | 109.76% | - | 29.03% | 8.45% | 39.81% | 15.27% | 15.73% | 5.92% | 19.25% | - |