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

Macy's (M) posted Operating Income of $745.0 million for Q1 2026, up 1673.81% sequentially from $42.0 million in Q4 2025, and up 49.3% YoY from $499.0 million in Q1 2025.

Macy's (M) Operating Income (2009 - 2026) Analysis & Trends

Macy's has reported Operating Income for 18 years, with the latest figure at $745.0 million in Q1 2026.

  • Quarterly Operating Income rose 49.3% year-over-year to $745.0 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $1.0 billion (up 13.19% YoY) and the FY2026 annual result came in at $1.0 billion, up 13.31% from the prior year.
  • Operating Income grew to $745.0 million in Q1 2026 per M's latest filing, from $42.0 million in the prior quarter.
  • Over five years, Operating Income peaked at $1.0 billion in Q1 2022 and troughed at -$149.0 million in Q1 2024.
  • A 5-year average of $290.1 million and a median of $192.0 million in 2022 frame the typical range for Operating Income.
  • The sharpest annual moves came in 2024 and 2025: Operating Income slumped 123.46% in 2024, then surged 434.9% in 2025.
  • Over 5 years, Operating Income stood at $192.0 million in 2022, then slumped by 56.77% to $83.0 million in 2023, then dropped by 22.89% to $64.0 million in 2024, then plunged by 34.38% to $42.0 million in 2025, then surged by 1673.81% to $745.0 million in 2026.
  • According to Business Quant data, Operating Income over the past three periods registered $745.0 million, $42.0 million, and $149.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Dillard'S 8.76 Bn 7.34 Bn 718.25 Mn 545.77 Mn
2 Macy's 6.16 Bn 4.86 Bn 2.03 Bn 112.00 Mn
3 Polibeli 3.96 Bn 3.96 Bn - -
4 Kohls 2.18 Bn 1.75 Bn 1.37 Bn 46.00 Mn

Historic Data

Download Data
DateValue
May 2, 2026 112.00 Mn
Jan 31, 2026 745.00 Mn
Nov 1, 2025 42.00 Mn
Aug 2, 2025 149.00 Mn
May 3, 2025 94.00 Mn
Feb 1, 2025 499.00 Mn
Nov 2, 2024 64.00 Mn
Aug 3, 2024 222.00 Mn
May 4, 2024 125.00 Mn
Feb 3, 2024 -149.00 Mn
Oct 28, 2023 83.00 Mn
Jul 29, 2023 128.00 Mn
Apr 29, 2023 240.00 Mn
Jan 28, 2023 635.00 Mn
Oct 29, 2022 192.00 Mn
Jul 30, 2022 399.00 Mn
Apr 30, 2022 463.00 Mn
Jan 29, 2022 1.00 Bn
Oct 30, 2021 523.00 Mn
Jul 31, 2021 597.00 Mn