Stocks Consumer discretionary M
NYSE · Consumer discretionaryMacy's, Inc. (M)
Macy's, Inc. brought in $22.8B of revenue over the twelve months to August 1, 2026, up 0.3% from a year earlier. Net income was $749M, a net margin of 3.3%. Operating cash flow minus capital spending left $1.1B of free cash flow in fiscal 2025. At August 1, 2026 it held $1.3B in cash against $2.4B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on September 10, 2026.
Key facts about Macy's, Inc.
- Net worth
- Macy's, Inc. has a market value (market cap) of $6.5B at the latest share price, and shareholders' equity of $4.9B on its balance sheet at August 1, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $22.6B (-1.7% year on year), with net income of $642M. Over the 12 months to August 1, 2026: revenue $22.8B, net income $749M.
- Cash flow
- In fiscal 2025 operations brought in $1.4B of cash; after $373M of capital spending, free cash flow was $1.1B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on September 10, 2026 and covers the period to August 1, 2026. Open on SEC EDGAR
- Next earnings report
- Macy's, Inc.'s next report is expected around December 2, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Macy's, Inc. declared dividends of $0.73 per share in fiscal 2025, a yield of 2.93% at the current price.
What Macy's, Inc. does
Macy's, Inc. is registered with the SEC under industry code SIC 5311 (Retail-Department Stores). Its shares trade on NYSE under the ticker M.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $22.6B | $642M | $2.32 | $1.1B |
| 2024 | $23B | $582M | $2.07 | $760M |
| 2023 | $23.9B | $45M | $0.16 | $674M |
| 2022 | $25.4B | $1.1B | $4.08 | $727M |
| 2021 | $25.4B | $1.4B | $4.55 | $2.4B |
| 2020 | $17.3B | -$3.9B | -$12.68 | $311M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where M ranks in Consumer discretionary
Dividends
Macy's, Inc. declared $0.73 per share in fiscal 2025. At the current price that is a yield of 2.93%. It paid out $197M in cash dividends, 31% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.73 | $197M | 31% |
| 2024 | $0.69 | $192M | 33% |
| 2023 | $0.66 | $181M | 402% |
| 2022 | $0.63 | $173M | 15% |
| 2021 | $0.30 | $90M | 6% |
| 2020 | $0.38 | $117M | n/a |
Latest SEC filings
What Macy's, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 23, 2026
- September 10, 2026Quarterly report 10-Q · period to August 1, 2026Revenue rose 1.2% to $5.1B versus the same quarter last year; diluted EPS $0.62 versus $0.31.
- September 10, 2026
- July 31, 2026Passive stake changed SCHEDULE 13G/A
- July 31, 2026Passive stake changed SCHEDULE 13G/A
- July 14, 2026Passive stake changed SCHEDULE 13G/A
- June 26, 2026
- June 4, 2026Quarterly report 10-Q · period to May 2, 2026Revenue rose 2.1% to $4.9B versus the same quarter last year; diluted EPS $0.23 versus $0.13.
- June 3, 2026
- May 28, 2026
What is M worth? A DCF from its reported cash flow
Insider trades
What the people running Macy's, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 4 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 2, 2026 | Bron OlivierCEO, Bloomingdale's | Shares withheld for tax | 10,318 | $248.8K |
| November 2, 2026 | Bron OlivierCEO, Bloomingdale's | Shares withheld for tax | 1,720 | $41.5K |
| November 1, 2026 | Bron OlivierCEO, Bloomingdale's | Exercised options | 18,657 | - |
| November 1, 2026 | Bron OlivierCEO, Bloomingdale's | Exercised options | 3,109 | - |
| June 25, 2026 | Griscom PaulSVP and Controller | Sold | 10,077 | $258.3K |
| June 24, 2026 | Edwards Thomas Jr.EVP, COO & CFO | Sold | 16,419 | $408.7K |
| June 23, 2026 | Edwards Thomas Jr.EVP, COO & CFO | Exercised options | 36,419 | - |
| April 6, 2026 | Kirgan Danielle L.EVP, Chief HR Officer | Sold | 10,010 | $179.4K |
Who owns M
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Dimensional Fund Advisors LP13G, passive | 6.4% | July 14, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 489 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 28,261,769 | -3,088 |
| Dimensional Fund Advisors LP | 16,800,787 | +325,140 |
| Vanguard Portfolio Management LLC | 12,863,362 | -772,528 |
| American Century Companies Inc | 11,030,537 | -1,112,613 |
| Vanguard Capital Management LLC | 11,020,211 | -352,712 |
| Charles Schwab Investment Management Inc | 9,800,523 | +593,618 |
| State Street Corp | 9,165,661 | -58,762 |
| RWC Asset Management LLP | 8,942,844 | -2,331,557 |
| Goldman Sachs Group Inc | 8,811,315 | +1,189,790 |
| Geode Capital Management, LLC | 7,019,076 | -610,753 |
| Berkshire Hathaway Inc | 7,347,426 | +4,309,071 |
| Newport Trust Company, LLC | 6,758,585 | -174,144 |
| Allianz Asset Management GmbH | 5,551,907 | +24,353 |
| Arrowstreet Capital, Limited Partnership | 4,327,028 | -1,436,693 |
| Aqr Capital Management LLC | 4,099,820 | -868,112 |
| Invesco Ltd. | 3,796,044 | -91,525 |
| Norges Bank | 3,568,505 | new |
| Morgan Stanley | 3,145,154 | -362,500 |
| UBS Group AG | 3,083,504 | -163,301 |
| Balyasny Asset Management L.P. | 2,926,748 | new |
Insiders
6 insiders reported holding 699,263 shares in total, about $17.4M at the last price.
| Holder | Shares |
|---|---|
| Spring AntonyChairman & CEO, Director | 485,791 |
| Kirgan Danielle L.EVP, Chief HR Officer | 108,008 |
| Bron OlivierCEO, Bloomingdale's | 31,318 |
| Preston Tracy MEVP, CLO & Corporate Secretary | 28,773 |
| Griscom PaulSVP and Controller | 25,373 |
| Edwards Thomas Jr.EVP, COO & CFO | 20,000 |
Questions about M
What does Macy's, Inc. do?
Macy's, Inc. is a company in the Consumer discretionary sector, listed on NYSE as M. Its shares trade on NYSE under the ticker M.
What is Macy's, Inc.'s net worth?
Macy's, Inc. has a market value (market cap) of $6.5B at the latest share price, and shareholders' equity of $4.9B on its balance sheet at August 1, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Macy's, Inc. profitable?
Yes. Over the twelve months to August 1, 2026 it reported net income of $749M on revenue of $22.8B, a net margin of 3.3%.
How much revenue does Macy's, Inc. make?
Over the twelve months to August 1, 2026 Macy's, Inc. reported revenue of $22.8B. That is 0.3% more than a year earlier.
When did Macy's, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on September 10, 2026. It covers the period to August 1, 2026. Its newest filing of any kind is the insider trade from November 2, 2026.
When is Macy's, Inc.'s next earnings report?
Macy's, Inc.'s next report is expected around December 2, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Macy's, Inc. pay a dividend?
Yes. Macy's, Inc. declared dividends of $0.73 per share in fiscal 2025, a yield of 2.93% at the current price.
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Where the numbers come from
Financial figures are the values Macy's, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.