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

Macy's has disclosed Tax Rate across 18 years of filings, most recently posting 23.41% for Q1 2026.

• Tax Rate for Q1 2026 came in at 23.41%, up 185.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 24.35% (up 53.0% YoY), and the FY2026 annual result was 24.38%, up 66.0% from the prior year.
• Tax Rate came in at 23.41% for Q1 2026 at Macy's, up from 120.0% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 44.12% in Q2 2025 to a low of 120.0% in Q4 2025.
• The 5-year median for Tax Rate is 24.3% (2022), against an average of 15.88%.
• Across the five-year window, Tax Rate jumped 1535 bps in 2024 and slumped 14000 bps in 2025, its largest moves.
• Macy's' Tax Rate stood at 13.6% in 2022, then tumbled by 66 bps to 4.65% in 2023, then jumped by 330 bps to 20.0% in 2024, then tumbled by 700 bps to 120.0% in 2025, then soared by 120 bps to 23.41% in 2026.
• The last three Tax Rate figures came in at 23.41% (Q1 2026), 120.0% (Q4 2025), and 24.35% (Q3 2025), per Business Quant data.