Macy's (M) Capital Expenditures (2009 - 2026)
Macy's' Capital Expenditures was $65 million in fiscal Q2 2027 (quarter ended Aug 1, 2026), down 17.7% from $79 million a year earlier and down 26.1% from the prior quarter.
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Analysis
Macy's (M) Capital Expenditures (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Macy's' Capital Expenditures was $347 million through Aug 1, 2026, down 18.5% year-over-year; for FY2026 (ended Jan 31, 2026), it was $373 million, down 28.0% from FY2025.
- Capital Expenditures has now declined for three consecutive fiscal years, though with a five-year compound annual growth rate of 2.0% (FY2021 to FY2026).
- In earlier fiscal years, Capital Expenditures was $518 million in FY2025 (-17.9%), $631 million in FY2024 (-28.9%), $888 million in FY2023 (+150.8%) and $354 million in FY2022 (+4.7%).
- The fiscal Q2 2027 figure marks the lowest quarterly Capital Expenditures since fiscal Q1 2022.
- Compared with a year earlier, Capital Expenditures has declined for seven straight quarters, with an average decline of 15.4% over the last eight quarters.
- The best year-over-year quarter for Capital Expenditures over five years was fiscal Q3 2023 (growth of 214.8%); the worst was fiscal Q3 2024 (a decline of 65.7%).
- Per Business Quant data, M's Capital Expenditures in the three fiscal quarters before Q2 2027 was $88 million (Q1 2027), $101 million (Q4 2026) and $93 million (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,654.24 Bn | 2,170.93 Bn | 104.83 Bn | 54.21 Bn |
| 2 | Home Depot | 289.19 Bn | 282.43 Bn | 16.12 Bn | 880.00 Mn |
| 3 | Tjx Companies | 143.39 Bn | 120.94 Bn | 5.07 Bn | 497.00 Mn |
| 4 | Lowes Companies | 105.29 Bn | 98.25 Bn | 8.58 Bn | 542.00 Mn |
| 5 | Ross Stores | 75.79 Bn | 58.72 Bn | 2.12 Bn | 251.26 Mn |
| 6 | Target | 72.00 Bn | 66.59 Bn | 8.94 Bn | 1.37 Bn |
| 7 | O Reilly Automotive | 70.61 Bn | 69.69 Bn | 2.52 Bn | 307.60 Mn |
| 8 | Carvana | 66.52 Bn | 58.12 Bn | 1.38 Bn | 51.00 Mn |
| 9 | Autozone | 47.57 Bn | 46.47 Bn | 2.52 Bn | 345.51 Mn |
| 10 | Macy's | 6.01 Bn | 1.73 Bn | 2.21 Bn | 65.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 65.00 Mn |
| May 2, 2026 | 88.00 Mn |
| Jan 31, 2026 | 101.00 Mn |
| Nov 1, 2025 | 93.00 Mn |
| Aug 2, 2025 | 79.00 Mn |
| May 3, 2025 | 100.00 Mn |
| Feb 1, 2025 | 119.00 Mn |
| Nov 2, 2024 | 128.00 Mn |
| Aug 3, 2024 | 117.00 Mn |
| May 4, 2024 | 154.00 Mn |
| Feb 3, 2024 | 146.00 Mn |
| Oct 28, 2023 | 95.00 Mn |
| Jul 29, 2023 | 175.00 Mn |
| Apr 29, 2023 | 215.00 Mn |
| Jan 28, 2023 | 233.00 Mn |
| Oct 29, 2022 | 277.00 Mn |
| Jul 30, 2022 | 207.00 Mn |
| Apr 30, 2022 | 171.00 Mn |
| Jan 29, 2022 | 124.00 Mn |
| Oct 30, 2021 | 88.00 Mn |
API Access
Macy's Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=M&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "M", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=M&period=max&api_key=YOUR_API_KEY");
const data = await res.json();