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

Macy's has disclosed Net Margin across 18 years of filings, most recently posting 5.97% for Q1 2026.

• Net Margin for Q1 2026 came in at 5.97%, up 128.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 2.82% (up 19.0% YoY), and the FY2026 annual result was 2.84%, up 23.0% from the prior year.
• Net Margin came in at 5.97% for Q1 2026 at Macy's, up from 0.23% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 7.62% in Q1 2022 to a low of 1.68% in Q1 2024.
• The 5-year median for Net Margin is 1.98% (2022), against an average of 2.66%.
• Across the five-year window, Net Margin slumped 725 bps in 2024 and jumped 637 bps in 2025, its largest moves.
• Macy's' Net Margin stood at 1.98% in 2022, then sank by 59 bps to 0.81% in 2023, then fell by 30 bps to 0.57% in 2024, then plunged by 59 bps to 0.23% in 2025, then soared by 2457 bps to 5.97% in 2026.
• The last three Net Margin figures came in at 5.97% (Q1 2026), 0.23% (Q4 2025), and 1.81% (Q3 2025), per Business Quant data.