Macy's, Inc.
Financial Performance
Macy's Revenue & Financials
Revenue
$22.6B (FY2025)
Market Cap
$5.8B
Net Income
$642M
Employees
90,134
What is Macy's's revenue?
Macy's had $22.6B in revenue for fiscal year 2025, down 1.7% from 2024. Net income was $642M.
- Latest revenue
- $22.6B (FY2025)
- Year-over-year
- -1.7%
- Growth rate (CAGR)
- -1.5% over 9 years
- Peak revenue
- $25.9B (FY2016)
- Years of data
- 10
- Employees
- 90,134
Financial Analysis
Macy's revenue has drifted down from $25.4B in FY2022 to $22.6B in FY2025 as the company closes stores, but profitability has recovered from a $45M net income low in FY2023 to $642M in FY2025. Comparable sales turned positive for FY2025, and Q2 2026 marked the fifth straight quarter of comparable-sales growth. After Q2 2026 the company raised FY2026 guidance to $21.68B-$21.83B in net sales and $2.15-$2.35 in adjusted EPS. Owned real estate, including Herald Square, remains a significant asset and drew takeover interest from Arkhouse and Brigade in 2023-2024. Macy's, Inc. is a historic and monumental American department store chain, maintaining a market valuation generally around $4 billion amidst heavy retail transformation.
Revenue Trend Analysis
YoY Change
-1.7%
9-Year CAGR
-1.5%
Peak Year
2016
Trend
Declining Trend
Macy's, Inc. has 10 full fiscal year figures on this page, compounding at -1.5% annually over 9 years. The most recent year saw a 1.7% decline versus the prior year. Annual revenue peaked in fiscal year 2016 at $25.9B. Of 9 comparable year-over-year steps, 3 showed growth and 6 showed a decline.
Annual revenue history
Click any row to see year details.
Macy's, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|
| FY2025ended Jan 31, 2026 | $1.4B | $373M | $16.2B | $4.9B | $1.1B | Form 10-K |
| FY2024ended Feb 1, 2025 | $1.3B | $518M | $16.4B | $4.6B | $760M | Form 10-K |
| FY2023ended Feb 3, 2024 | $1.3B | $631M | $16.2B | $4B | $674M | Form 10-K |
| FY2022ended Jan 28, 2023 | $1.6B | $888M | $16.9B | $4.1B | $727M | Form 10-K |
| FY2021ended Jan 29, 2022 | $2.7B | $354M | $17.6B | $3.6B | $2.4B | Form 10-K |
| FY2020ended Jan 30, 2021 | $649M | $338M | $17.7B | $2.6B | $311M | Form 10-K |
| FY2019ended Feb 1, 2020 | $1.6B | $902M | $21.2B | $6.4B | $706M | Form 10-K |
| FY2018ended Feb 2, 2019 | $1.7B | $657M | $19.2B | $6.4B | $1.1B | Form 10-K |
| FY2017ended Feb 3, 2018 | $2B | $487M | $19.6B | $5.7B | $1.5B | Form 10-K |
| FY2016ended Jan 28, 2017 | $1.8B | $596M | $19.9B | $4.3B | $1.2B | Form 10-K |
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Macy's Revenue and Financial FAQ
What is Macy's annual revenue?
Macy's, Inc. reported $22.621B in total revenue and $21.764B in net sales for FY2025 (ended January 31, 2026), down from $23.006B in FY2024.
Is Macy's profitable?
Yes. Net income was $642M in FY2025, up from $582M in FY2024 and $45M in FY2023. In Q2 2026, GAAP diluted EPS was $0.62, double the prior year, helped partly by tariff refunds.
What were Macy's Q2 2026 results?
Reported September 10, 2026: net sales of $4.9B (+1.1%), comparable sales +2.7%, Bloomingdale's comps +11.3%, Bluemercury comps +6.2%, gross margin 41.5%, and adjusted diluted EPS of $0.63.
What is Macy's FY2026 guidance?
After Q2 2026, Macy's raised FY2026 guidance to net sales of $21.68B-$21.83B, comparable sales growth of 1% to 1.5%, and adjusted EPS of $2.15-$2.35.
What is Macy's market cap?
Macy's market capitalization was roughly $5.75B-$5.9B in September 2026, based on market-data estimates. This changes with the share price.
How much does the credit card contribute?
Credit-card net revenues were $156M in Q2 2026, part of $193M in other revenue that also included $37M from Macy's Media Network.
Why did Arkhouse and Brigade try to buy Macy's?
Arkhouse Management and Brigade Capital proposed taking Macy's private, with the offer rising to about $6.9B ($24.80 per share) in 2024, partly on the value of its real estate. The board ended talks in July 2024 citing financing uncertainty and value.
Is Macy's going bankrupt?
Macy's retail business has struggled massively against Amazon, executing brutal store closures to survive. However, they possess a massive financial safety net: Real Estate. Macy's actually owns the physical land beneath many of its historic stores. The iconic Herald Square flagship building alone is estimated to be worth between $3 billion and $4 billion. Wall Street activists constantly pressure Macy's to sell off this massive real estate to generate cash.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Macy's Revenue & Financials." CorpDigest, https://corpdigest.com/company/macys/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Macy's reported $22.6B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/macys/financials" target="_blank" rel="noopener">CorpDigest — Macy's financials</a></div>Related Financial Audits
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