Macy's, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $22.62B | $23.01B | $23.87B | $25.45B | $25.40B | $17.35B | $24.56B | $24.97B |
| Cost of Revenue | $13.50B | $13.74B | $14.22B | $15.35B | $14.96B | $12.29B | $15.17B | $15.22B |
| Gross Profit | $9.12B | $9.27B | $9.64B | $10.10B | $10.44B | $5.06B | $9.39B | $9.76B |
| Gross Margin | 40.3% | 40.3% | 40.4% | 39.7% | 41.1% | 29.2% | 38.2% | 39.1% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $8.24B | $8.33B | $8.38B | $8.46B | $8.15B | $6.77B | $9.00B | $9.04B |
| Operating Income | $1.03B | $909.0M | $301.0M | $1.69B | $2.35B | $-4.48B | $970.0M | $1.74B |
| Operating Margin | 4.6% | 4.0% | 1.3% | 6.6% | 9.3% | -25.8% | 3.9% | 7.0% |
| Interest Expense | $139.0M | $158.0M | $170.0M | $175.0M | $256.0M | $284.0M | $205.0M | $261.0M |
| Pretax Income | $849.0M | $763.0M | $43.0M | $1.48B | $1.87B | $-4.79B | $728.0M | $1.42B |
| Income Tax Expense | $207.0M | $181.0M | $-2.0M | $331.0M | $436.0M | $-846.0M | $164.0M | $322.0M |
| Net Income | $642.0M | $582.0M | $45.0M | $1.15B | $1.43B | $-3.94B | $564.0M | $1.11B |
| Net Margin | 2.8% | 2.5% | 0.2% | 4.5% | 5.6% | -22.7% | 2.3% | 4.4% |
| EPS (Basic) | $2.37 | $2.10 | $0.16 | $4.17 | $4.66 | $-12.68 | $1.82 | $3.60 |
| EPS (Diluted) | $2.32 | $2.07 | $0.16 | $4.08 | $4.55 | $-12.68 | $1.81 | $3.56 |
| Shares Outstanding (Basic) | 270.6M | 277.7M | 274.2M | 274.7M | 306.8M | 311.1M | 309.7M | 307.7M |
| Shares Outstanding (Diluted) | 276.5M | 281.6M | 278.2M | 281.1M | 314.0M | 311.1M | 311.4M | 311.4M |
| Dividends Per Share | $0.73 | $0.69 | $0.66 | $0.63 | $0.30 | $0.38 | $1.51 | $1.51 |