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Macy's (M) Operating Leases (2019 - 2025)

Macy's' Operating Leases history spans 7 years, with the latest figure at $2.8 billion for Q4 2025.

  • For Q4 2025, Operating Leases fell 5.07% year-over-year to $2.8 billion; the TTM value through Nov 2025 reached $2.8 billion, down 5.07%, while the annual FY2025 figure was $2.9 billion, 1.98% down from the prior year.
  • Operating Leases for Q4 2025 was $2.8 billion at Macy's, down from $2.9 billion in the prior quarter.
  • Across five years, Operating Leases topped out at $3.4 billion in Q1 2022 and bottomed at $2.8 billion in Q4 2025.
  • The 5-year median for Operating Leases is $3.0 billion (2022), against an average of $3.0 billion.
  • The largest annual shift saw Operating Leases increased 9.15% in 2021 before it fell 9.46% in 2024.
  • A 5-year view of Operating Leases shows it stood at $3.1 billion in 2021, then dropped by 3.3% to $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.
  • Per Business Quant, the three most recent readings for M's Operating Leases are $2.8 billion (Q4 2025), $2.9 billion (Q3 2025), and $2.9 billion (Q2 2025).