Macy's (M) Operating Leases (2019 - 2026)
Macy's (M) recorded Operating Leases of $2.66 billion in fiscal Q2 2027 (quarter ended Aug 1, 2026), down 7.0% from $2.86 billion a year earlier and down 0.8% from the prior quarter.
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Analysis
Macy's (M) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2026 (ended Jan 31, 2026), Macy's reported Operating Leases of $2.77 billion, down 5.3% from FY2025.
- Annual Operating Leases has a five-year compound annual growth rate of -2.7% (FY2021 to FY2026).
- Across earlier fiscal years, Operating Leases came in at $2.93 billion in FY2025 (-2.0%), $2.99 billion in FY2024 (+0.8%), $2.96 billion in FY2023 (-4.4%) and $3.1 billion in FY2022 (-2.7%).
- The fiscal Q2 2027 figure is the lowest quarterly Operating Leases in data going back to fiscal Q1 2020.
- On a year-over-year basis, Operating Leases has declined for eight consecutive quarters, with an average decline of 4.9% over the last eight quarters.
- Peak year-over-year performance for Operating Leases in the last five years was growth of 1.5% in fiscal Q3 2024, against a decline of 7.2% in fiscal Q1 2027 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $2.68 billion (Q1 2027), $2.77 billion (Q4 2026) and $2.81 billion (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Amazon Com | 2,654.24 Bn | 2,170.93 Bn | 104.83 Bn |
| 2 | Home Depot | 289.19 Bn | 282.43 Bn | 16.12 Bn |
| 3 | Tjx Companies | 143.39 Bn | 120.94 Bn | 5.07 Bn |
| 4 | Lowes Companies | 105.29 Bn | 98.25 Bn | 8.58 Bn |
| 5 | Ross Stores | 75.79 Bn | 58.72 Bn | 2.12 Bn |
| 6 | Target | 72.00 Bn | 66.59 Bn | 8.94 Bn |
| 7 | O Reilly Automotive | 70.61 Bn | 69.69 Bn | 2.52 Bn |
| 8 | Carvana | 66.52 Bn | 58.12 Bn | 1.38 Bn |
| 9 | Autozone | 47.57 Bn | 46.47 Bn | 2.52 Bn |
| 10 | Macy's | 6.01 Bn | 1.73 Bn | 2.21 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 2.66 Bn |
| May 2, 2026 | 2.68 Bn |
| Jan 31, 2026 | 2.77 Bn |
| Nov 1, 2025 | 2.81 Bn |
| Aug 2, 2025 | 2.86 Bn |
| May 3, 2025 | 2.88 Bn |
| Feb 1, 2025 | 2.93 Bn |
| Nov 2, 2024 | 2.96 Bn |
| Aug 3, 2024 | 3.01 Bn |
| May 4, 2024 | 3.03 Bn |
| Feb 3, 2024 | 2.99 Bn |
| Oct 28, 2023 | 3.03 Bn |
| Jul 29, 2023 | 2.98 Bn |
| Apr 29, 2023 | 3.00 Bn |
| Jan 28, 2023 | 2.96 Bn |
| Oct 29, 2022 | 2.99 Bn |
| Jul 30, 2022 | 3.01 Bn |
| Apr 30, 2022 | 3.03 Bn |
| Jan 29, 2022 | 3.10 Bn |
| Oct 30, 2021 | 3.09 Bn |
API Access
Macy's Operating Leases 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-leases&ticker=M&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=M&period=max&api_key=YOUR_API_KEY");
const data = await res.json();