Growth Metrics

Macy's (M) Cost of Revenue (2016 - 2026)

Macy's' Cost of Revenue history spans 17 years, with the latest figure at $2.9 billion for Q4 2025.

  • For Q4 2025, Cost of Revenue changed 0.31% year-over-year to $2.9 billion; the TTM value through Nov 2025 reached $13.5 billion, down 2.6%, while the annual FY2025 figure was $13.7 billion, 3.4% down from the prior year.
  • Cost of Revenue for Q4 2025 was $2.9 billion at Macy's, down from $2.9 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $5.5 billion in Q1 2022 and bottomed at $2.8 billion in Q2 2025.
  • The 5-year median for Cost of Revenue is $3.2 billion (2022), against an average of $3.6 billion.
  • The largest YoY upside for Cost of Revenue was 24.83% in 2021 against a maximum downside of 14.58% in 2021.
  • A 5-year view of Cost of Revenue shows it stood at $3.2 billion in 2021, then decreased by 0.09% to $3.2 billion in 2022, then decreased by 9.33% to $2.9 billion in 2023, then dropped by 1.41% to $2.9 billion in 2024, then decreased by 0.31% to $2.9 billion in 2025.
  • Per Business Quant, the three most recent readings for M's Cost of Revenue are $2.9 billion (Q4 2025), $2.9 billion (Q3 2025), and $2.8 billion (Q2 2025).