Macy's, Inc. (M) stock
MNYSERetail-Department StoresFiscal year ends February 1
Financials through Q2 FY2026, quarter ended Aug 1, 2026Last filing: 10-Q on Sep 10, 2026Score 15/3046% below fair value
$24.33−0.52 (-2.09%)
Close on Nov 12, 2026Market cap $6.35BP/E 8.9Yield 3.00%
Macy's operating margin
Operating margin is operating income as a percentage of revenue.
Macy's's operating margin for the twelve months ending Aug 1, 2026 was 5.0%. For fiscal 2025 it was 4.6%, against 4.0% the year before. The highest annual figure on record is 10.0% in fiscal 2014.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Jan 31, 2026 | 4.6% | +0.6 |
| FY2024 | Feb 1, 2025 | 4.0% | +2.7 |
| FY2023 | Feb 3, 2024 | 1.3% | −5.4 |
| FY2022 | Jan 28, 2023 | 6.6% | −2.6 |
| FY2021 | Jan 29, 2022 | 9.2% | +35.0 |
| FY2020 | Jan 30, 2021 | -25.8% | −29.7 |
| FY2019 | Feb 1, 2020 | 3.9% | −3.0 |
| FY2018 | Feb 2, 2019 | 7.0% | −0.5 |
| FY2017 | Feb 3, 2018 | 7.5% | +2.2 |
| FY2016 | Jan 28, 2017 | 5.3% | −2.2 |
| FY2015 | Jan 30, 2016 | 7.5% | −2.4 |
| FY2014 | Jan 31, 2015 | 10.0% | +0.4 |
| FY2013 | Feb 1, 2014 | 9.6% | −0.0 |
| FY2012 | Feb 2, 2013 | 9.6% | +0.5 |
| FY2011 | Jan 28, 2012 | 9.1% | +1.6 |
| FY2010 | Jan 29, 2011 | 7.6% | +3.0 |
| FY2009 | Jan 30, 2010 | 4.5% | +22.1 |
| FY2008 | Jan 31, 2009 | -17.6% | −24.7 |
| FY2007 | Feb 2, 2008 | 7.1% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026CQ2 2026 | Aug 1, 2026 | 4.8% | +1.8 |
| Q1 FY2026CQ1 2026 | May 2, 2026 | 2.3% | +0.3 |
| Q4 FY2025CQ4 2025 | Jan 31, 2026 | 9.4% | +3.2 |
| Q3 FY2025CQ3 2025 | Nov 1, 2025 | 0.9% | −0.5 |
| Q2 FY2025CQ2 2025 | Aug 2, 2025 | 3.0% | −1.4 |
| Q1 FY2025CQ1 2025 | May 3, 2025 | 2.0% | −0.5 |
| Q4 FY2024CQ4 2024 | Feb 1, 2025 | 6.2% | +8.0 |
| Q3 FY2024CQ3 2024 | Nov 2, 2024 | 1.3% | −0.3 |
| Q2 FY2024CQ2 2024 | Aug 3, 2024 | 4.4% | +1.9 |
| Q1 FY2024CQ1 2024 | May 4, 2024 | 2.5% | −2.1 |
| Q4 FY2023CQ4 2023 | Feb 3, 2024 | -1.8% | −9.2 |
| Q3 FY2023CQ3 2023 | Oct 28, 2023 | 1.6% | −1.9 |
| Q2 FY2023CQ2 2023 | Jul 29, 2023 | 2.4% | −4.4 |
| Q1 FY2023CQ1 2023 | Apr 29, 2023 | 4.6% | −3.7 |
| Q4 FY2022CQ4 2022 | Jan 28, 2023 | 7.4% | −3.0 |
| Q3 FY2022CQ3 2022 | Oct 29, 2022 | 3.5% | −6.1 |
| Q2 FY2022CQ2 2022 | Jul 30, 2022 | 6.8% | −3.7 |
| Q1 FY2022CQ1 2022 | Apr 30, 2022 | 8.3% | +3.8 |
| Q4 FY2021CQ4 2021 | Jan 29, 2022 | 10.4% | +4.5 |
| Q3 FY2021CQ3 2021 | Oct 30, 2021 | 9.6% | +12.8 |
| Q2 FY2021CQ2 2021 | Jul 31, 2021 | 10.6% | +28.3 |
| Q1 FY2021CQ1 2021 | May 1, 2021 | 4.6% | +141.1 |
| Q4 FY2020CQ4 2020 | Jan 30, 2021 | 5.9% | −0.8 |
| Q3 FY2020CQ3 2020 | Oct 31, 2020 | -3.2% | −4.2 |
| Q2 FY2020CQ2 2020 | Aug 1, 2020 | -17.7% | −20.5 |
| Q1 FY2020CQ1 2020 | May 2, 2020 | -136.5% | −140.2 |
| Q4 FY2019CQ4 2019 | Feb 1, 2020 | 6.7% | −5.7 |
| Q3 FY2019CQ3 2019 | Nov 2, 2019 | 1.0% | −1.7 |
| Q2 FY2019CQ2 2019 | Aug 3, 2019 | 2.8% | −2.6 |
| Q1 FY2019CQ1 2019 | May 4, 2019 | 3.7% | −0.6 |
| Q4 FY2018CQ4 2018 | Feb 2, 2019 | 12.4% | −1.9 |
| Q3 FY2018CQ3 2018 | Nov 3, 2018 | 2.7% | +0.5 |
| Q2 FY2018CQ2 2018 | Aug 4, 2018 | 5.4% | +0.4 |
| Q1 FY2018CQ1 2018 | May 5, 2018 | 4.3% | +0.2 |
| Q4 FY2017CQ4 2017 | Feb 3, 2018 | 14.4% | +4.1 |
| Q3 FY2017CQ3 2017 | Oct 28, 2017 | 2.2% | +0.3 |
| Q2 FY2017CQ2 2017 | Jul 29, 2017 | 5.0% | – |
| Q1 FY2017CQ1 2017 | Apr 29, 2017 | 4.1% | – |
| Q4 FY2016CQ4 2016 | Jan 28, 2017 | 10.2% | – |
| Q3 FY2016CQ3 2016 | Oct 29, 2016 | 1.9% | – |
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