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

Macy's has disclosed Operating Leases across 8 years of filings, most recently posting $3.1 billion for Q1 2026.

• Operating Leases for Q1 2026 came in at $3.1 billion, up 7.11% year-over-year; the trailing twelve-month figure through Jan 2026 was $3.1 billion (up 7.11% YoY), and the FY2026 annual result 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.
• The 5-year median for Operating Leases is $3.0 billion (2022), against an average of $3.0 billion.
• Across the five-year window, Operating Leases retreated 12.47% in 2025 and rose 7.11% in 2026, its largest moves.
• Macy's' Operating Leases stood at $3.0 billion in 2022, then grew by 1.54% to $3.0 billion in 2023, then declined by 2.41% to $3.0 billion in 2024, then retreated by 5.07% to $2.8 billion in 2025, then advanced by 11.53% to $3.1 billion in 2026.
• The last three Operating Leases figures came in at $3.1 billion (Q1 2026), $2.8 billion (Q4 2025), and $2.9 billion (Q3 2025), per Business Quant data.