Macy's (M) Tax Rate (2009 - 2026)

Macy's has reported Tax Rate for 18 years, with the latest figure at 23.41% in Q1 2026.

• Quarterly Tax Rate rose 185.0% year-over-year to 23.41% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 24.35% (up 53.0% YoY) and the FY2026 annual result came in at 24.38%, up 66.0% from the prior year.
• Tax Rate climbed to 23.41% in Q1 2026 per M's latest filing, from 120.0% in the prior quarter.
• Over five years, Tax Rate peaked at 44.12% in Q2 2025 and troughed at 120.0% in Q4 2025.
• A 5-year average of 15.88% and a median of 24.3% in 2022 frame the typical range for Tax Rate.
• The sharpest annual moves came in 2024 and 2025: Tax Rate soared 1535 bps in 2024, then slumped 14000 bps in 2025.
• Over 5 years, Tax Rate stood at 13.6% in 2022, then tumbled by 66 bps to 4.65% in 2023, then soared by 330 bps to 20.0% in 2024, then tumbled by 700 bps to 120.0% in 2025, then surged by 120 bps to 23.41% in 2026.
• According to Business Quant data, Tax Rate over the past three periods registered 23.41%, 120.0%, and 24.35% for Q1 2026, Q4 2025, and Q3 2025 respectively.