Skip to content
Screener

Macy's M Q2 2026 earnings

Reported September 10, 2026 · Before market open

Revenue$4.9BBeat by $60.8M
EPS$0.63Beat by $0.26
Revenue estimate$4.8B
EPS estimate$0.37
“Our second-quarter performance builds on the progress our colleagues have consistently delivered through our Bold New Chapter strategy. The investments we're making are driving results across our portfolio, from the continued outperformance of our Reimagine 200 Macy's stores, to meaningful double-digit growth at Bloomingdale's and another solid quarter at Bluemercury. As we enter the second half of the year, we remain focused on scaling what is resonating most with customers – exciting brands and assortments and compelling events and experiences. Combined with disciplined execution, we expect these efforts to continue to build a durable foundation for sustainable, profitable growth.”
Tony Spring

Next report

Dec 2, 2026 (in 2 months)
Revenue estimate$4.7B
EPS estimate-$0.19

Financials

Q2 2026

Income statement

See full
Revenue$5.1B+1.2%
Gross profit$2.2B+5.3%
Operating income$244.0M+63.8%
Net income$169.0M+94.3%
EPS (diluted)$0.62+100%

Balance sheet

See full
Cash & equivalents$1.3B+56.1%
Total debt$2.4B-7.3%
Total equity$4.9B+10.7%
Total assets$15.7B+1.1%

Cash flow

See full
Operating cash flow$294.0M-7.8%
CapEx$65.0M-17.7%
Free cash flow$229.0M-4.6%

Valuation & ratios

Valuation

as of 10/09/26
See full
Market cap$5.95B+28.3%
Enterprise value$7.09B+10.2%
P/E7.9×-1.4×
P/S0.3×+0.1×

Profitability

See full
Gross margin40.7%+0.4pp
Operating margin5%+1.5pp
Net margin3.3%+1.1pp
FCF margin6.2%+1.9pp

Returns & leverage

See full
Return on equity16%+4.6pp
Debt / equity0.5×-0.1×
Current ratio1.6×+0.2×

Segments

By product

See full
Women's Accessories, Shoes, Cosmetics and Fragrances$2.0B+1.6%
Women's Apparel$1.1B+1.4%
Men's and Kids'$1.0B+1.9%
Home/Other$723.0M-1.8%

FAQ

When did Macy's report Q2 2026 earnings?
Macy's (M) reported Q2 2026 earnings on September 10, 2026 before market open.
What were Macy's's Q2 2026 revenue and EPS?
Macy's reported revenue of $4.9B and eps of $0.63 for Q2 2026.
Did Macy's beat estimates in Q2 2026?
Revenue beat the consensus estimate of $4.8B by $60.8M. EPS beat the consensus estimate of $0.37 by $0.26.
How did Macy's's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 2.7% from $5.0B a year earlier and eps grew 53.7% from $0.41.
Where can I find Macy's's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-061217) and the 10-Q periodic report (0001628280-26-061320) directly on SEC EDGAR. The filing index links above go to sec.gov.