Macy's (M) Operating Leases (2019 - 2026)

Macy's' Operating Leases history runs 8 years deep, the most recent figure standing at $3.1 billion for Q1 2026.

• In Q1 2026, Operating Leases rose 7.11% year-over-year to $3.1 billion; the TTM figure through Jan 2026 stood at $3.1 billion (up 7.11% YoY), while the FY2026 annual figure was $3.1 billion, up 7.11% from the prior year.
• Operating Leases came in at $3.1 billion for Q1 2026 at Macy's, up from $2.8 billion in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $3.3 billion in Q1 2024 to a low of $2.8 billion in Q4 2025.
• A 5-year average of $3.0 billion and a median of $3.0 billion in 2022 frame the typical range for Operating Leases.
• Across the five-year window, Operating Leases decreased 12.47% in 2025 and gained 7.11% in 2026, its largest moves.
• Macy's' Operating Leases stood at $3.0 billion in 2022, then increased by 1.54% to $3.0 billion in 2023, then fell by 2.41% to $3.0 billion in 2024, then decreased by 5.07% to $2.8 billion in 2025, then climbed by 11.53% to $3.1 billion in 2026.
• According to Business Quant data, Operating Leases over the past three periods registered $3.1 billion, $2.8 billion, and $2.9 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

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