Macy's, Inc. (M) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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M Revenue Growth
Revenue Breakdown (FY 2024)
M's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
M Revenue Analysis (2014–2025)
As of May 6, 2026, Macy's, Inc. (M) generated trailing twelve-month (TTM) revenue of $22.62 billion, reflecting slight decline in growth of -1.1% year-over-year. The most recent quarter (Q4 2025) recorded $7.92 billion in revenue, up 61.1% sequentially.
Looking at the longer-term picture, M's 5-year compound annual growth rate (CAGR) stands at +4.6%, indicating moderate growth over time. The company achieved its highest annual revenue of $28.11 billion in 2014.
Revenue diversification analysis shows M's business is primarily driven by Women's Accessories, Shoes, Cosmetics and Fragrances (41%), Womens Apparel (21%), and Mens And Kids (21%).
When compared to Consumer Cyclical sector peers including KSS (-4.3% YoY), DDS (-0.4% YoY), and BKE (+4.7% YoY), M has underperformed the peer group in terms of revenue growth. Compare M vs KSS →
M Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MCurrent | $22.6B | -1.1% | +4.6% | 4.6% | |
 KSS | $15.5B | -4.3% | -0.5% | 3.3% | |
 DDS | $6.6B | -0.4% | +8.2% | 10.5% | |
 BKE | $1.2B | +4.7% | +6.2% | 19.8% | |
 SKY | $2.5B | +8.7% | +12.6% | 9.5% | |
 TJX | $60.4B | +7.1% | +13.4% | 11.9% |
M Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $22.62B | -1.7% | $8.27B | 36.5% | $1.03B | 4.6% |
| 2024 | $23.01B | -3.6% | $9.27B | 40.3% | $909.0M | 4.0% |
| 2023 | $23.87B | -6.2% | $9.64B | 40.4% | $301.0M | 1.3% |
| 2022 | $25.45B | +0.2% | $10.10B | 39.7% | $1.69B | 6.6% |
| 2021 | $25.40B | +40.3% | $10.44B | 41.1% | $2.35B | 9.3% |
| 2020 | $18.10B | -28.6% | $5.81B | 32.1% | $-4,475,000,000 | -24.7% |
| 2019 | $25.33B | -1.6% | $10.16B | 40.1% | $970.0M | 3.8% |
| 2018 | $25.74B | +0.4% | $10.52B | 40.9% | $1.74B | 6.8% |
| 2017 | $25.64B | -3.5% | $10.46B | 40.8% | $1.86B | 7.3% |
| 2016 | $26.56B | -1.9% | $10.90B | 41.0% | $1.37B | 5.2% |
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Start ComparisonM — Frequently Asked Questions
Quick answers to the most common questions about buying M stock.
Is M's revenue growth accelerating or slowing?
M revenue growth slowed to -1.1%, below the 5-year CAGR of +4.6%. TTM revenue is $22.6B. The deceleration marks a shift from historical growth rates.
What is M's long-term revenue growth rate?
Macy's, Inc.'s 5-year revenue CAGR of +4.6% reflects the variable expansion pattern. Current YoY growth of -1.1% is near this long-term average.
How is M's revenue distributed by segment?
M reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.