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Macy's (M) Operating Expenses (2016 - 2025)

Macy's' Operating Expenses history spans 17 years, with the latest figure at $2.0 billion for Q4 2025.

  • For Q4 2025, Operating Expenses fell 0.64% year-over-year to $2.0 billion; the TTM value through Nov 2025 reached $8.5 billion, down 9.45%, while the annual FY2025 figure was $8.5 billion, 9.58% down from the prior year.
  • Operating Expenses for Q4 2025 was $2.0 billion at Macy's, up from $2.0 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $5.6 billion in Q1 2021 and bottomed at $1.8 billion in Q2 2021.
  • The 5-year median for Operating Expenses is $2.0 billion (2022), against an average of $2.3 billion.
  • The largest annual shift saw Operating Expenses skyrocketed 95.68% in 2021 before it crashed 54.33% in 2022.
  • A 5-year view of Operating Expenses shows it stood at $2.0 billion in 2021, then rose by 6.64% to $2.1 billion in 2022, then dropped by 2.33% to $2.1 billion in 2023, then fell by 0.68% to $2.0 billion in 2024, then dropped by 0.64% to $2.0 billion in 2025.
  • Per Business Quant, the three most recent readings for M's Operating Expenses are $2.0 billion (Q4 2025), $2.0 billion (Q3 2025), and $1.9 billion (Q2 2025).