Macy's, Inc. logo

Macy's, Inc.

M

NYSEConsumer CyclicalDepartment Stores

Previous close

$22.82

+$0.24 · +1.06%

Aug 21, 4:00 PM ET

M company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

95

Deep Value

Momentum

53

Neutral

Sentiment

60

Mixed

Risk resilience

53

Elevated Risk

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Company profile

Company website

Macy's, Inc. is a prominent retail enterprise that employs an omnichannel strategy, serving customers through its extensive network of physical department stores, dedicated e-commerce websites, and convenient mobile applications. The company offers a broad assortment of merchandise, including apparel and accessories for men, women, and children, cosmetics, home furnishings, and other general consumer goods. As of January 29, 2022, Macy's operated 725 department stores domestically in locations such as the District of Columbia, Puerto Rico, and Guam. These stores are branded under several well-known names like Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingdale's The Outlet, Bloomies, and the beauty retailer bluemercury. Internationally, Macy's also extends its reach through licensing agreements, with operations in Dubai, United Arab Emirates, and Al Zahra, Kuwait. The company maintains a presence in the beauty and spa retail sector. Originally established in 1830, the company was previously known as Federated Department Stores, Inc. It officially changed its name to Macy's, Inc. in June 2007, and its corporate headquarters are located in New York, New York.

Industry
Department Stores
Sector
Consumer Cyclical
Headquarters
US
CEO
Antony Spring
Listed since
Feb 5, 1992
Employees
90,134

Market position

Day range

Current $22.82

52-week range

Current $22.82

Open
$23.08
Previous close
$22.58
Volume
6.72M
1.19× average
Average volume
5.63M
Average daily volume
Market cap
6B USD
Beta
1.45
Market reference 1
50-day average
$24.1484
-5.50% below average
200-day average
$21.4405
+6.43% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
9.38B USD
P/E (TTM)
9.23×
P/B (TTM)
1.25×
P/S (TTM)
0.26×
EV / EBITDA
5.1×
Earnings yield
11.85%
Free cash flow yield
19.51%
Dividend yield
3.28%

Profitability & efficiency

Gross margin
36.54%
Operating margin
4.47%
Net margin
2.94%
Return on equity
13.21%
Return on assets
3.95%
Return on invested capital
6.63%

Financial health

Debt / equity
1.06×
Current ratio
1.49×
Altman Z-score
2.64
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends45%29%12%-4%Gross margin, FY2021: 41.12%Gross margin, FY2022: 39.70%Gross margin, FY2023: 40.40%Gross margin, FY2024: 40.28%Gross margin, FY2025: 36.55%Operating margin, FY2021: 9.25%Operating margin, FY2022: 6.64%Operating margin, FY2023: 1.26%Operating margin, FY2024: 3.95%Operating margin, FY2025: 4.55%Net margin, FY2021: 5.63%Net margin, FY2022: 4.50%Net margin, FY2023: 0.19%Net margin, FY2024: 2.53%Net margin, FY2025: 2.84%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 41.12%. Gross margin FY2022 39.70%. Gross margin FY2023 40.40%. Gross margin FY2024 40.28%. Gross margin FY2025 36.55%. Operating margin FY2021 9.25%. Operating margin FY2022 6.64%. Operating margin FY2023 1.26%. Operating margin FY2024 3.95%. Operating margin FY2025 4.55%. Net margin FY2021 5.63%. Net margin FY2022 4.50%. Net margin FY2023 0.19%. Net margin FY2024 2.53%. Net margin FY2025 2.84%.

Income trends

Revenue

22.62B USD-1.67%

Operating income

1.03B USD+13.31%

Net income

642M USD+10.31%
Income trends across reported periods27.99B USD17.83B USD7.67B USD−2.5B USDRevenue, FY2021: 25.4B USDRevenue, FY2022: 25.45B USDRevenue, FY2023: 23.87B USDRevenue, FY2024: 23.01B USDRevenue, FY2025: 22.62B USDOperating income, FY2021: 2.35B USDOperating income, FY2022: 1.69B USDOperating income, FY2023: 301M USDOperating income, FY2024: 909M USDOperating income, FY2025: 1.03B USDNet income, FY2021: 1.43B USDNet income, FY2022: 1.15B USDNet income, FY2023: 45M USDNet income, FY2024: 582M USDNet income, FY2025: 642M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 25.4B USD. Revenue FY2022 25.45B USD. Revenue FY2023 23.87B USD. Revenue FY2024 23.01B USD. Revenue FY2025 22.62B USD. Operating income FY2021 2.35B USD. Operating income FY2022 1.69B USD. Operating income FY2023 301M USD. Operating income FY2024 909M USD. Operating income FY2025 1.03B USD. Net income FY2021 1.43B USD. Net income FY2022 1.15B USD. Net income FY2023 45M USD. Net income FY2024 582M USD. Net income FY2025 642M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue22.62B USD23.01B USD23.87B USD25.45B USD25.4B USD
Cost of goods sold14.35B USD13.74B USD14.22B USD15.35B USD14.96B USD
Gross profit8.27B USD9.27B USD9.64B USD10.1B USD10.44B USD
Selling, general, and administrative8.24B USD8.33B USD8.38B USD8.46B USD8.15B USD
Operating expenses7.24B USD8.36B USD9.34B USD8.41B USD8.09B USD
Interest income3M USD
Interest expense97M USD115M USD135M USD162M USD259M USD
Depreciation and amortization894M USD881M USD897M USD857M USD874M USD
Operating income1.03B USD909M USD301M USD1.69B USD2.35B USD
Net income642M USD582M USD45M USD1.15B USD1.43B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+111.78%
11 comparable reports
Latest EPS result
0.13
Estimate 0.03 · Beat by 324.28%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.951.210.46-0.29Q4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 11, 2024: actual 0.04, estimate -0.01, surprise +500.00%, Beat. Q1 2025, reported Mar 6, 2025: actual 1.8, estimate 1.55, surprise +16.13%, Beat. Q2 2025, reported May 28, 2025: actual 0.16, estimate 0.15, surprise +6.81%, Beat. Q3 2025, reported Sep 3, 2025: actual 0.41, estimate 0.19, surprise +115.79%, Beat. Q4 2025, reported Dec 3, 2025: actual 0.09, estimate -0.131, surprise +168.80%, Beat. Q1 2026, reported Mar 18, 2026: actual 1.67, estimate 1.53, surprise +9.15%, Beat. Q2 2026, reported Jun 3, 2026: actual 0.13, estimate 0.031, surprise +324.28%, Beat. Q3 2026, reported Sep 10, 2026: actual —, estimate 0.36, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates8.33B6.9B5.47B4.04BQ4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 11, 2024: actual 4.9B USD, estimate 4.74B USD, surprise +3.40%, Beat. Q1 2025, reported Mar 6, 2025: actual 8.01B USD, estimate 4.36B USD, surprise +83.73%, Beat. Q2 2025, reported May 28, 2025: actual 4.79B USD, estimate 4.42B USD, surprise +8.48%, Beat. Q3 2025, reported Sep 3, 2025: actual 5B USD, estimate 4.53B USD, surprise +10.34%, Beat. Q4 2025, reported Dec 3, 2025: actual 4.91B USD, estimate 4.55B USD, surprise +7.92%, Beat. Q1 2026, reported Mar 18, 2026: actual 7.64B USD, estimate 7.51B USD, surprise +1.78%, Beat. Q2 2026, reported Jun 3, 2026: actual 4.68B USD, estimate 4.61B USD, surprise +1.51%, Beat. Q3 2026, reported Sep 10, 2026: actual —, estimate 4.8B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$21.33

6.53% downside
Past 12 months12-month forecastHigh $30.00Average $21.33Low $9.00

Rating distribution

40 ratings
Strong buy00%
Buy1333%
Hold2050%
Sell718%
Strong sell00%

Recent analyst actions

12 institutions

M news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.7296

2025 complete year-51.7% since 2019

2026 partial: $0.383

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 15, 2026

$0.1915

Quarterly

Record Jun 15, 2026 · Payment Jul 1, 2026

Dividend

Ex-dividend Mar 13, 2026

$0.1915

Quarterly

Record Mar 13, 2026 · Payment Apr 1, 2026

Dividend

Ex-dividend Dec 15, 2025

$0.1824

Quarterly

Record Dec 15, 2025 · Payment Jan 2, 2026

Dividend

Ex-dividend Sep 15, 2025

$0.1824

Quarterly

Record Sep 15, 2025 · Payment Oct 1, 2025

Dividend

Ex-dividend Jun 13, 2025

$0.1824

Quarterly

Record Jun 13, 2025 · Payment Jul 1, 2025

Dividend

Ex-dividend Mar 14, 2025

$0.1824

Quarterly

Record Mar 14, 2025 · Payment Apr 1, 2025

M peers

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