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

Macy's (M) posted Cost of Revenue of $4.9 billion for Q1 2026, up 73.27% sequentially from $2.9 billion in Q4 2025, and down 0.88% YoY from $5.0 billion in Q1 2025.

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

Macy's has reported Cost of Revenue for 18 years, with the latest figure at $4.9 billion in Q1 2026.

  • Quarterly Cost of Revenue fell 0.88% year-over-year to $4.9 billion in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $13.5 billion (down 1.76% YoY) and the FY2026 annual result came in at $13.5 billion, down 1.77% from the prior year.
  • Cost of Revenue rose to $4.9 billion in Q1 2026 per M's latest filing, from $2.9 billion in the prior quarter.
  • Over five years, Cost of Revenue peaked at $5.5 billion in Q1 2022 and troughed at $2.8 billion in Q2 2025.
  • A 5-year average of $3.7 billion and a median of $3.2 billion in 2023 frame the typical range for Cost of Revenue.
  • The sharpest annual moves came in 2022 and 2023: Cost of Revenue grew 22.77% in 2022, then retreated 9.33% in 2023.
  • Over 5 years, Cost of Revenue stood at $3.2 billion in 2022, then slipped by 9.33% to $2.9 billion in 2023, then decreased by 1.41% to $2.9 billion in 2024, then slipped by 0.31% to $2.9 billion in 2025, then jumped by 73.27% to $4.9 billion in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $4.9 billion, $2.9 billion, and $2.9 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Dillard'S 8.76 Bn 7.34 Bn 718.25 Mn 870.37 Mn
2 Macy's 6.16 Bn 4.86 Bn 2.03 Bn 2.86 Bn
3 Polibeli 3.96 Bn 3.96 Bn - -
4 Kohls 2.18 Bn 1.75 Bn 1.37 Bn 1.80 Bn

Historic Data

Download Data
DateValue
May 2, 2026 2.86 Bn
May 2, 2026 2.86 Bn
Jan 31, 2026 4.95 Bn
Jan 31, 2026 4.95 Bn
Nov 1, 2025 2.86 Bn
Nov 1, 2025 2.86 Bn
Aug 2, 2025 2.90 Bn
Aug 2, 2025 2.90 Bn
May 3, 2025 2.80 Bn
May 3, 2025 2.80 Bn
Feb 1, 2025 4.99 Bn
Feb 1, 2025 4.99 Bn
Nov 2, 2024 2.86 Bn
Nov 2, 2024 2.86 Bn
Aug 3, 2024 2.94 Bn
Aug 3, 2024 2.94 Bn
May 4, 2024 2.95 Bn
May 4, 2024 2.95 Bn
Feb 3, 2024 5.15 Bn
Feb 3, 2024 5.15 Bn