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

Macy's' Operating Expenses history runs 18 years deep, the most recent figure standing at $2.6 billion for Q1 2026.

• In Q1 2026, Operating Expenses changed 0.08% year-over-year to $2.6 billion; the TTM figure through Jan 2026 stood at $8.5 billion (changed 0.36% YoY), while the FY2026 annual figure 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.
• A 5-year average of $2.2 billion and a median of $2.0 billion in 2025 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses soared 37.99% in 2024 and retreated 25.01% in 2025, its largest moves.
• Macy's' Operating Expenses stood at $2.1 billion in 2022, then slipped by 2.28% to $2.1 billion in 2023, then slipped by 0.68% to $2.0 billion in 2024, then dropped by 0.64% to $2.0 billion in 2025, then increased by 26.04% to $2.6 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $2.6 billion, $2.0 billion, and $2.0 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

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