Macy's (M) Cost of Revenue (2009 - 2026)

Macy's has disclosed Cost of Revenue across 18 years of filings, most recently posting $4.9 billion for Q1 2026.

• Cost of Revenue for Q1 2026 came in at $4.9 billion, down 0.88% year-over-year; the trailing twelve-month figure through Jan 2026 was $13.5 billion (down 1.76% YoY), and the FY2026 annual result was $13.5 billion, down 1.77% from the prior year.
• Cost of Revenue came in at $4.9 billion for Q1 2026 at Macy's, up from $2.9 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $5.5 billion in Q1 2022 to a low of $2.8 billion in Q2 2025.
• The 5-year median for Cost of Revenue is $3.2 billion (2023), against an average of $3.7 billion.
• Across the five-year window, Cost of Revenue advanced 22.77% in 2022 and declined 9.33% in 2023, its largest moves.
• Macy's' Cost of Revenue stood at $3.2 billion in 2022, then retreated by 9.33% to $2.9 billion in 2023, then fell by 1.41% to $2.9 billion in 2024, then retreated by 0.31% to $2.9 billion in 2025, then surged by 73.27% to $4.9 billion in 2026.
• The last three Cost of Revenue figures came in at $4.9 billion (Q1 2026), $2.9 billion (Q4 2025), and $2.9 billion (Q3 2025), per Business Quant data.