KPIs & Operating Metrics(New)
Active CustomersActive Customers By BrandBreakdown Of AssetsComparable Owned + Licensed Sales %Comparable Sales Change %Comparable Sales Change Annual %Costs & OPEXCredit Card Revenue %Credit Card Revenue AnnualDigital Channel PerformanceDigital Channel Performance %Digital Channel Performance AnnualDigital Channel Performance Annual %Digital SalesDigital Sales AnnualDigital Sales As A Percentage Of Net Sales %Digital Sales As A Percentage Of Net Sales Annual %Employee StatisticsGross MarginGross Margin %Gross Margin AnnualGross Margin Annual %Income Before Provisions For Income TaxesLoyallist Active Member AccountsNet Revenue By Family Of Business %Net Sales By Family Of BusinessNet Sales By Family Of Business AnnualNon Gaap ProfitabilityNon Gaap Profitability %Non Gaap Profitability AnnualNon Gaap Profitability Annual %Opex & Costs As A % Of RevenueOther Revenue BreakdownOther Revenue Breakdown AnnualProfitabilityProfitability AnnualProperty And EquipmentRevenue By Business VerticalRevenue By Business Vertical %Revenue By Business Vertical AnnualRevenue By Business Vertical Annual %Square FootageStore Adds TotalStores Adds By RegionStores By RegionStores By SegmentStores Mix By Segment %Total Stores
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Macy's (M) Gross Margin (2016 - 2025)

Macy's' Gross Margin history spans 17 years, with the latest figure at 44.02% for Q4 2025.

  • For Q4 2025, Gross Margin rose 868.0% year-over-year to 44.02%; the TTM value through Nov 2025 reached 39.74%, up 348.0%, while the annual FY2025 figure was 38.37%, 4.0% down from the prior year.
  • Gross Margin for Q4 2025 was 44.02% at Macy's, up from 39.73% in the prior quarter.
  • Across five years, Gross Margin topped out at 44.02% in Q4 2025 and bottomed at 32.18% in Q1 2024.
  • The 5-year median for Gross Margin is 39.66% (2025), against an average of 38.89%.
  • The largest annual shift saw Gross Margin surged 2151bps in 2021 before it tumbled -896bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 41.05% in 2021, then fell by -6bps to 38.74% in 2022, then grew by 9bps to 42.34% in 2023, then fell by -17bps to 35.34% in 2024, then increased by 25bps to 44.02% in 2025.
  • Per Business Quant, the three most recent readings for M's Gross Margin are 44.02% (Q4 2025), 39.73% (Q3 2025), and 41.69% (Q2 2025).