Growth Metrics

Macy's (M) Tax Rate (2016 - 2025)

Macy's' Tax Rate history spans 17 years, with the latest figure at 120.0% for Q4 2025.

  • For Q4 2025, Tax Rate fell 14000.0% year-over-year to 120.0%; the TTM value through Nov 2025 reached 23.47%, down 85.0%, while the annual FY2025 figure was 23.72%, 2837.0% up from the prior year.
  • Tax Rate for Q4 2025 was 120.0% at Macy's, down from 24.56% in the prior quarter.
  • Across five years, Tax Rate topped out at 48.58% in Q1 2021 and bottomed at 120.0% in Q4 2025.
  • The 5-year median for Tax Rate is 24.51% (2022), against an average of 18.14%.
  • The largest annual shift saw Tax Rate skyrocketed 2430bps in 2021 before it plummeted -14000bps in 2025.
  • A 5-year view of Tax Rate shows it stood at 11.7% in 2021, then grew by 16bps to 13.6% in 2022, then plummeted by -68bps to 4.35% in 2023, then skyrocketed by 360bps to 20.0% in 2024, then plummeted by -700bps to 120.0% in 2025.
  • Per Business Quant, the three most recent readings for M's Tax Rate are 120.0% (Q4 2025), 24.56% (Q3 2025), and 44.12% (Q2 2025).