Macy's (M) Operating Income (2009 - 2026)
Macy's (M) recorded Operating Income of $244 million in fiscal Q2 2027 (quarter ended Aug 1, 2026), up 63.8% from $149 million a year earlier and up 117.9% from the prior quarter.
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Analysis
Macy's (M) Operating Income (2009 - 2026) Analysis & Trends
On a TTM basis, Macy's' Operating Income came in at $1.14 billion as of Aug 1, 2026, up 41.8% year-over-year; for FY2026 (ended Jan 31, 2026), it came in at $1.03 billion, up 13.3% from FY2025.
- Across earlier fiscal years, Operating Income came in at $909 million in FY2025 (+202.0%), $301 million in FY2024 (-82.2%), $1.69 billion in FY2023 (-27.7%) and $2.34 billion in FY2022.
- Quarterly Operating Income has ranged from -$149 million in fiscal Q4 2024 to $1 billion in fiscal Q4 2022 over the past five years.
- On a year-over-year basis, Operating Income has increased for three consecutive quarters, with growth averaging 2.5% over the last seven quarters.
- Peak year-over-year performance for Operating Income in the last five years was growth of 149.4% in fiscal Q4 2022, against a decline of 67.9% in fiscal Q2 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $112 million (Q1 2027), $745 million (Q4 2026) and $42 million (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,654.24 Bn | 2,170.93 Bn | 104.83 Bn | 27.46 Bn |
| 2 | Home Depot | 289.19 Bn | 282.43 Bn | 16.12 Bn | 6.84 Bn |
| 3 | Tjx Companies | 143.39 Bn | 120.94 Bn | 5.07 Bn | 1.99 Bn |
| 4 | Lowes Companies | 105.29 Bn | 98.25 Bn | 8.58 Bn | 3.55 Bn |
| 5 | Ross Stores | 75.79 Bn | 58.72 Bn | 2.12 Bn | 1.10 Bn |
| 6 | Target | 72.00 Bn | 66.59 Bn | 8.94 Bn | 2.56 Bn |
| 7 | O Reilly Automotive | 70.61 Bn | 69.69 Bn | 2.52 Bn | 985.75 Mn |
| 8 | Carvana | 66.52 Bn | 58.12 Bn | 1.38 Bn | 680.00 Mn |
| 9 | Autozone | 47.57 Bn | 46.47 Bn | 2.52 Bn | 923.76 Mn |
| 10 | Macy's | 6.01 Bn | 1.73 Bn | 2.21 Bn | 244.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 244.00 Mn |
| 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 |
API Access
Macy's Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=M&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "M", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=M&period=max&api_key=YOUR_API_KEY");
const data = await res.json();