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

Macy's' Cost of Revenue history runs 18 years deep, the most recent figure standing at $4.9 billion for Q1 2026.

• In Q1 2026, Cost of Revenue fell 0.88% year-over-year to $4.9 billion; the TTM figure through Jan 2026 stood at $13.5 billion (down 1.76% YoY), while the FY2026 annual figure 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.
• 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.
• Across the five-year window, Cost of Revenue climbed 22.77% in 2022 and fell 9.33% in 2023, its largest moves.
• Macy's' Cost of Revenue stood at $3.2 billion in 2022, then decreased by 9.33% to $2.9 billion in 2023, then retreated by 1.41% to $2.9 billion in 2024, then decreased by 0.31% to $2.9 billion in 2025, then soared 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.

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