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Macy's M Operating Income

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Other financials

Income statement

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Revenue$4.9B+2.1%
Gross profit$2.0B+1.7%
Net income$63.0M+65.8%
EPS (diluted)$0.23+76.9%

Balance sheet

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Cash & equivalents$1.3B+38.8%
Total debt$2.4B-12.5%
Total equity$4.8B+8.7%
Total assets$16.3B+1.3%

Cash flow

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Operating cash flow$292.0M+556%
CapEx$88.0M-12.0%
Free cash flow$204.0M+224%

Valuation

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Market cap$6.71B+104%
Enterprise value$7.85B+52.8%
P/E10.1×+4.2×
P/S0.3×+0.2×

Profitability

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Gross margin40.3%-0.1pp
Operating margin4.6%+0.8pp
Net margin2.9%+0.5pp
FCF margin6.3%+3.5pp

Returns & leverage

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Return on equity14.4%+1.3pp
Debt / equity0.5×-0.1×
Current ratio1.5×0.0×

Where this comes from

Reported directly by Macy's in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Macy's’s 10-Q, filed June 4, 2026.

Filed
Jun 4, 2026, 4:27 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-040820
Line item13 Weeks Ended / May 2, 202613 Weeks Ended / May 3, 2025
Selling, general and administrative expenses(1,952)(1,913)
Gains on sale of real estate1516
Impairment, restructuring and other benefits (costs)17(7)
Operating income11294
Benefit plan income, net64
Interest expense, net(25)(27)
Loss on extinguishment of debt(3)
Income before income taxes9368

Item 1. Financial Statements (unaudited)

FAQ

What is Macy's's operating income?
Macy's (M) reported operating income of $112M in Q1 2026.
How has Macy's's operating income changed year-over-year?
Macy's's operating income increased by 19.1% year-over-year, from $94M to $112M.
What is the long-term trend for Macy's's operating income?
Over 4 years (2021 to 2025), Macy's's operating income has grown at a -18.5% compound annual growth rate (CAGR), from $2.34B to $1.03B.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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