Macy's (M) Gross Margin (2009 - 2026)

Macy's has disclosed Gross Margin across 18 years of filings, most recently posting 41.77% for Q1 2026.

• Gross Margin for Q1 2026 came in at 41.77%, up 1020.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 40.84% (up 290.0% YoY), and the FY2026 annual result was 40.33%, up 197.0% from the prior year.
• Gross Margin came in at 41.77% for Q1 2026 at Macy's, up from 39.42% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 42.51% in Q1 2022 to a low of 31.57% in Q1 2025.
• The 5-year median for Gross Margin is 39.94% (2023), against an average of 39.56%.
• Across the five-year window, Gross Margin slumped 648 bps in 2023 and surged 1020 bps in 2026, its largest moves.
• Macy's' Gross Margin stood at 41.39% in 2022, then rose by 2 bps to 42.34% in 2023, then retreated by 2 bps to 41.59% in 2024, then declined by 5 bps to 39.42% in 2025, then increased by 6 bps to 41.77% in 2026.
• The last three Gross Margin figures came in at 41.77% (Q1 2026), 39.42% (Q4 2025), and 39.73% (Q3 2025), per Business Quant data.