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Macy's M Long-Term Lease Liabilities

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Other financials

Income statement

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Revenue$4.9B+2.1%
Gross profit$2.0B+1.7%
Operating income$112.0M+19.1%
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$6.35B+71.1%
Enterprise value$7.49B+32.2%
P/E9.5×+2.9×
P/S0.3×+0.1×

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 m:NoncurrentLeaseLiability.

The official record: Macy's’s 10-Q, filed June 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Macy's's long-term lease liabilities?
Macy's (M) reported long-term lease liabilities of $2.68B in Q1 2026.
How has Macy's's long-term lease liabilities changed year-over-year?
Macy's's long-term lease liabilities decreased by 7.2% year-over-year, from $2.88B to $2.68B.
What is the long-term trend for Macy's's long-term lease liabilities?
Over 5 years (2020 to 2025), Macy's's long-term lease liabilities has grown at a -2.7% compound annual growth rate (CAGR), from $3.19B to $2.77B.
What does long-term lease liabilities mean?
This represents the present value of future lease payments for non-current obligations, excluding the portion due within the next twelve months. It serves as a critical indicator of the company's long-term financial commitments and fixed cost structure associated with its retail store portfolio and logistics infrastructure. High levels of these liabilities relative to total assets may indicate significant financial leverage and sensitivity to future lease renewals.