Macy's (M) Cost of Revenue (2009 - 2026)
Macy's' Cost of Revenue was $2.85 billion in fiscal Q2 2027 (quarter ended Aug 1, 2026), down 1.8% from $2.9 billion a year earlier and down 0.4% from the prior quarter.
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Analysis
Macy's (M) Cost of Revenue (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Macy's' Cost of Revenue was $13.51 billion through Aug 1, 2026, down 0.3% year-over-year; for FY2026 (ended Jan 31, 2026), it came in at $13.5 billion, down 1.8% from FY2025.
- Cost of Revenue has now declined for three consecutive fiscal years, though with a five-year compound annual growth rate of 1.9% (FY2021 to FY2026).
- In earlier fiscal years, Cost of Revenue was $13.74 billion in FY2025 (-3.4%), $14.22 billion in FY2024 (-7.3%), $15.35 billion in FY2023 (+2.5%) and $14.97 billion in FY2022 (+21.9%).
- The fiscal Q2 2027 figure marks the lowest quarterly Cost of Revenue since fiscal Q1 2026.
- Compared with a year earlier, Cost of Revenue was higher in 1 of the last eight quarters, with an average decline of 1.5%.
- The best year-over-year quarter for Cost of Revenue over five years was fiscal Q3 2022 (growth of 24.8%); the worst was fiscal Q3 2024 (a decline of 9.3%).
- Per Business Quant data, M's Cost of Revenue in the three fiscal quarters before Q2 2027 was $2.86 billion (Q1 2027), $4.95 billion (Q4 2026) and $2.86 billion (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,654.24 Bn | 2,170.93 Bn | 104.83 Bn | 95.78 Bn |
| 2 | Home Depot | 289.19 Bn | 282.43 Bn | 16.12 Bn | 31.75 Bn |
| 3 | Tjx Companies | 143.39 Bn | 120.94 Bn | 5.07 Bn | 10.11 Bn |
| 4 | Lowes Companies | 105.29 Bn | 98.25 Bn | 8.58 Bn | 17.38 Bn |
| 5 | Ross Stores | 75.79 Bn | 58.72 Bn | 2.12 Bn | 4.15 Bn |
| 6 | Target | 72.00 Bn | 66.59 Bn | 8.94 Bn | 17.60 Bn |
| 7 | O Reilly Automotive | 70.61 Bn | 69.69 Bn | 2.52 Bn | 2.38 Bn |
| 8 | Carvana | 66.52 Bn | 58.12 Bn | 1.38 Bn | 5.99 Bn |
| 9 | Autozone | 47.57 Bn | 46.47 Bn | 2.52 Bn | 2.32 Bn |
| 10 | Macy's | 6.01 Bn | 1.73 Bn | 2.21 Bn | 2.85 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 2.85 Bn |
| May 2, 2026 | 2.86 Bn |
| Jan 31, 2026 | 4.95 Bn |
| Nov 1, 2025 | 2.86 Bn |
| Aug 2, 2025 | 2.90 Bn |
| May 3, 2025 | 2.80 Bn |
| Feb 1, 2025 | 4.99 Bn |
| Nov 2, 2024 | 2.86 Bn |
| Aug 3, 2024 | 2.94 Bn |
| May 4, 2024 | 2.95 Bn |
| Feb 3, 2024 | 5.15 Bn |
| Oct 28, 2023 | 2.91 Bn |
| Jul 29, 2023 | 3.17 Bn |
| Apr 29, 2023 | 2.99 Bn |
| Jan 28, 2023 | 5.49 Bn |
| Oct 29, 2022 | 3.20 Bn |
| Jul 30, 2022 | 3.42 Bn |
| Apr 30, 2022 | 3.23 Bn |
| Jan 29, 2022 | 5.52 Bn |
| Oct 30, 2021 | 3.21 Bn |
API Access
Macy's Cost of Revenue 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=cost-of-revenue&ticker=M&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "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=cost-of-revenue&ticker=M&period=max&api_key=YOUR_API_KEY");
const data = await res.json();