NYSE:M
Macy's, Inc.
Macy's, Inc.'s revenue fell 1.7% in fiscal 2025 to $22.6B while operating margin rose to 4.6%. Free cash flow was $1.1B, 4.7% of revenue, and the diluted share count fell 1.8%.Summary generated from Macy's, Inc.'s SEC filings. Latest annual report filed Mar 27, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$22.6B
Revenue growth−1.7%
Revenue, 5-yr CAGR+5.5%
Gross margin40.3%
Operating margin4.6%
Net margin2.8%
ROIC12.9%
Return on equity13.6%
Debt / equity0.50
Free cash flow$1.1B
FCF margin4.7%
Share count change−1.8%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 25.4 | 25.4 | 23.9 | 23.0 | 22.6 |
| Operating income | 2.4 | 1.7 | 0.3 | 0.9 | 1.0 |
| Net income | 1.4 | 1.1 | 0.0 | 0.6 | 0.6 |
| Free cash flow | 2.4 | 0.7 | 0.7 | 0.8 | 1.1 |
Recent filings
- 4Insider transaction report
Oct 1, 2026 - 10-QQuarterly report for the period ended Aug 1, 2026
Sep 10, 2026 - 8-KResults of operations and financial condition
Sep 10, 2026 - 4Insider transaction report
Jul 1, 2026 - 10-QQuarterly report for the period ended May 2, 2026
Jun 4, 2026 - 8-KResults of operations and financial condition
Jun 3, 2026 - 8-KDirector or officer change
May 18, 2026 - DEF 14AProxy statement
Mar 31, 2026