Growth Metrics

Macy's (M) Operating Expenses (2016 - 2026)

Macy's (M) has disclosed Operating Expenses for 18 consecutive years, with $2.6 billion as the latest value for Q1 2026.

  • Quarterly Operating Expenses changed 0.08% to $2.6 billion in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $8.5 billion through Jan 2026, changed 0.36% year-over-year, with the annual reading at $8.5 billion for FY2026, 0.36% changed from the prior year.
  • Operating Expenses for Q1 2026 was $2.6 billion at Macy's, up from $2.0 billion in the prior quarter.
  • The five-year high for Operating Expenses was $3.4 billion in Q1 2024, with the low at $1.9 billion in Q2 2022.
  • Average Operating Expenses over 5 years is $2.2 billion, with a median of $2.0 billion recorded in 2025.
  • The sharpest move saw Operating Expenses surged 37.99% in 2024, then fell 25.01% in 2025.
  • Over 5 years, Operating Expenses stood at $2.1 billion in 2022, then decreased by 2.28% to $2.1 billion in 2023, then decreased by 0.68% to $2.0 billion in 2024, then fell by 0.64% to $2.0 billion in 2025, then grew by 26.04% to $2.6 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $2.6 billion, $2.0 billion, and $2.0 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.