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

Macy's (M) posted Tax Rate of 23.41% for Q1 2026, up 119.51% sequentially from 120.0% in Q4 2025, and up 185.0% YoY from 8.22% in Q1 2025.

Macy's (M) Tax Rate (2009 - 2026) Analysis & Trends

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.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Dillard'S	8.76 Bn	7.34 Bn	718.25 Mn	23.48%
2	Macy's	6.16 Bn	4.86 Bn	2.03 Bn	32.26%
3	Polibeli	3.96 Bn	3.96 Bn	-	-
4	Kohls	2.18 Bn	1.75 Bn	1.37 Bn	17.65%

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