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Macy's M Q2 2025 earnings

Reported September 3, 2025 · Before market open

Revenue$5.0BBeat by $468.5M
EPS$0.41Beat by $0.22
Revenue estimate$4.5B
EPS estimate$0.19

Next report

Sep 10, 2026 (In 1 week)
Revenue estimate$4.8B
EPS estimate$0.37

Financials

Q2 2025

Income statement

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Revenue$5.0B-1.9%
Gross profit$2.1B-2.7%
Operating income$149.0M-32.9%
Net income$87.0M-42.0%
EPS (diluted)$0.31-41.5%

Balance sheet

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Cash & equivalents$829.0M+28.3%
Total debt$2.6B-12.4%
Total equity$4.5B+6.0%
Total assets$15.6B-2.0%

Cash flow

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Operating cash flow$319.0M+3,888%
CapEx$79.0M-32.5%
Free cash flow$240.0M+320%

Valuation & ratios

Valuation

as of 08/02/25
See full
Market cap$3.59B-16.5%
Enterprise value$5.39B-19.0%
P/E7.3×-27.2×
P/S0.2×0.0×

Profitability

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Gross margin40.3%-0.4pp
Operating margin3.6%+2.4pp
Net margin2.2%+1.6pp
FCF margin4.3%+1.5pp

Returns & leverage

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Return on equity11.4%+8.5pp
Debt / equity0.6×-0.1×
Current ratio1.4×-0.1×

Segments

By product

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Women's Accessories, Shoes, Cosmetics and Fragrances$2.0B-1.8%
Women's Apparel$1.1B-2.3%
Men's and Kids'$1.0B-2.7%
Home/Other$736.0M-4.5%

FAQ

When did Macy's report Q2 2025 earnings?
Macy's (M) reported Q2 2025 earnings on September 3, 2025 before market open.
What were Macy's's Q2 2025 revenue and EPS?
Macy's reported revenue of $5.0B and eps of $0.41 for Q2 2025.
Did Macy's beat estimates in Q2 2025?
Revenue beat the consensus estimate of $4.5B by $468.5M. EPS beat the consensus estimate of $0.19 by $0.22.
How did Macy's's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 1.9% from $5.1B a year earlier and eps declined 22.6% from $0.53.
Where can I find Macy's's Q2 2025 SEC filings?
You can read the 8-K earnings release (0000794367-25-000139) and the 10-Q periodic report (0000794367-25-000145) directly on SEC EDGAR. The filing index links above go to sec.gov.