Macy's (M) Operating Expenses (2009 - 2026)

Macy's has disclosed Operating Expenses across 18 years of filings, most recently posting $2.6 billion for Q1 2026.

• Operating Expenses for Q1 2026 came in at $2.6 billion, changed 0.08% year-over-year; the trailing twelve-month figure through Jan 2026 was $8.5 billion (changed 0.36% YoY), and the FY2026 annual result was $8.5 billion, changed 0.36% from the prior year.
• Operating Expenses came in at $2.6 billion for Q1 2026 at Macy's, up from $2.0 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $3.4 billion in Q1 2024 to a low of $1.9 billion in Q2 2022.
• The 5-year median for Operating Expenses is $2.0 billion (2025), against an average of $2.2 billion.
• Across the five-year window, Operating Expenses surged 37.99% in 2024 and fell 25.01% in 2025, its largest moves.
• Macy's' 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 slipped by 0.64% to $2.0 billion in 2025, then grew by 26.04% to $2.6 billion in 2026.
• The last three Operating Expenses figures came in at $2.6 billion (Q1 2026), $2.0 billion (Q4 2025), and $2.0 billion (Q3 2025), per Business Quant data.