Macy's (M) Tax Rate (2009 - 2026)
Macy's recorded quarterly Tax Rate of 23.41% in Q1 2026, up 119.51% quarter-over-quarter from 120.0% in Q4 2025, and up 185.0% year-over-year from 8.22% in Q1 2025.
Macy's' Tax Rate history runs 18 years deep, the most recent figure standing at 23.41% for Q1 2026.
- In Q1 2026, Tax Rate rose 185.0% year-over-year to 23.41%; the TTM figure through Jan 2026 stood at 24.35% (up 53.0% YoY), while the FY2026 annual figure 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.
- A 5-year average of 15.88% and a median of 24.3% in 2022 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate surged 1535 bps in 2024 and sank 14000 bps in 2025, its largest moves.
- Macy's' Tax Rate stood at 13.6% in 2022, then slumped by 66 bps to 4.65% in 2023, then surged by 330 bps to 20.0% in 2024, then slumped by 700 bps to 120.0% in 2025, then jumped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Macy's | 5.57 Bn | 4.33 Bn | 3.55 Bn | 23.41 |
| 2 | Kohls | 1.46 Bn | 788.72 Mn | 1.85 Bn | -26.14 |
| 3 | Dillard'S | 8.79 Mn | -1.06 Bn | 783.65 Mn | 9.83 |
| 4 | Loan Artificial Intelligence | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 23.41 |
| Jan 31, 2026 | 23.41 |
| Nov 1, 2025 | -120.00 |
| Nov 1, 2025 | -120.00 |
| Aug 2, 2025 | 24.35 |
| Aug 2, 2025 | 24.35 |
| May 3, 2025 | 44.12 |
| May 3, 2025 | 44.12 |
| Feb 1, 2025 | 21.56 |
| Feb 1, 2025 | 21.56 |
| Nov 2, 2024 | 20.00 |
| Nov 2, 2024 | 20.00 |
| Aug 3, 2024 | 23.08 |
| Aug 3, 2024 | 23.08 |
| May 4, 2024 | 36.73 |
| May 4, 2024 | 36.73 |
| Feb 3, 2024 | 28.89 |
| Feb 3, 2024 | 28.89 |
| Oct 28, 2023 | 4.65 |
| Oct 28, 2023 | 4.65 |
| Jul 29, 2023 | 26.92 |
| Jul 29, 2023 | 26.92 |
| Apr 29, 2023 | 27.05 |
| Apr 29, 2023 | 27.05 |
| Jan 28, 2023 | 19.80 |
| Jan 28, 2023 | 19.80 |
| Oct 29, 2022 | 13.60 |
| Oct 29, 2022 | 13.60 |
| Jul 30, 2022 | 24.45 |
| Jul 30, 2022 | 24.45 |
| Apr 30, 2022 | 27.04 |
| Apr 30, 2022 | 27.04 |
| Jan 29, 2022 | 24.30 |
| Jan 29, 2022 | 24.30 |
| Oct 30, 2021 | 18.71 |
| Oct 30, 2021 | 18.71 |
| Jul 31, 2021 | 23.33 |
| Jul 31, 2021 | 23.33 |
| May 1, 2021 | 26.43 |
| May 1, 2021 | 26.43 |
| Jan 30, 2021 | 49.04 |
| Jan 30, 2021 | 49.04 |
| Oct 31, 2020 | 58.06 |
| Oct 31, 2020 | 58.06 |
| Aug 1, 2020 | 40.88 |
| Aug 1, 2020 | 40.88 |
| May 2, 2020 | 13.86 |
| May 2, 2020 | 13.86 |
| Feb 1, 2020 | 24.28 |
| Feb 1, 2020 | 24.28 |
| Aug 3, 2019 | 25.86 |
| Aug 3, 2019 | 25.86 |
| May 4, 2019 | 16.56 |
| May 4, 2019 | 16.56 |
| Feb 2, 2019 | 11.80 |
| Feb 2, 2019 | 11.80 |
| Nov 3, 2018 | 16.22 |
| Nov 3, 2018 | 16.22 |
| Aug 4, 2018 | 16.75 |
| Aug 4, 2018 | 16.75 |
| May 5, 2018 | 28.42 |
| May 5, 2018 | 28.42 |
| Feb 3, 2018 | -15.18 |
| Feb 3, 2018 | -15.18 |
| Oct 28, 2017 | 27.03 |
| Oct 28, 2017 | 27.03 |
| Jul 29, 2017 | 35.71 |
| Jul 29, 2017 | 35.71 |
| Apr 29, 2017 | 46.90 |
| Apr 29, 2017 | 46.90 |
| Jan 28, 2017 | 35.22 |
| Jan 28, 2017 | 35.22 |
| Oct 29, 2016 | 42.31 |
| Oct 29, 2016 | 42.31 |
| Jul 30, 2016 | 55.00 |
| Jul 30, 2016 | 55.00 |
| Apr 30, 2016 | 35.39 |
| Apr 30, 2016 | 35.39 |
| Jan 30, 2016 | 35.59 |
| Jan 30, 2016 | 35.59 |
| Oct 31, 2015 | 34.27 |
| Oct 31, 2015 | 34.27 |
| Aug 1, 2015 | 36.73 |
| Aug 1, 2015 | 36.73 |
| May 2, 2015 | 38.54 |
| May 2, 2015 | 38.54 |
| Jan 31, 2015 | 36.56 |
| Jan 31, 2015 | 36.56 |
| Nov 1, 2014 | 33.44 |
| Nov 1, 2014 | 33.44 |
| Aug 2, 2014 | 38.00 |
| Aug 2, 2014 | 38.00 |
| May 3, 2014 | 34.69 |
| May 3, 2014 | 34.69 |
| Feb 1, 2014 | 35.12 |
| Feb 1, 2014 | 35.12 |
| Nov 2, 2013 | 32.95 |
| Nov 2, 2013 | 32.95 |
| Aug 3, 2013 | 35.84 |
| Aug 3, 2013 | 35.84 |
| May 4, 2013 | 35.80 |
| May 4, 2013 | 35.80 |
| Feb 2, 2013 | 36.63 |
| Feb 2, 2013 | 36.63 |
| Oct 27, 2012 | 34.68 |
| Oct 27, 2012 | 34.68 |
| Jul 28, 2012 | 37.86 |
| Jul 28, 2012 | 37.86 |
| Apr 28, 2012 | 35.13 |
| Apr 28, 2012 | 35.13 |
| Jan 28, 2012 | 36.65 |
| Jan 28, 2012 | 36.65 |
| Oct 29, 2011 | 24.04 |
| Oct 29, 2011 | 24.04 |
| Jul 30, 2011 | 38.99 |
| Jul 30, 2011 | 38.99 |
| Apr 30, 2011 | 38.79 |
| Apr 30, 2011 | 38.79 |
| Jan 29, 2011 | 34.99 |
| Jan 29, 2011 | 34.99 |
| Oct 30, 2010 | 23.08 |
| Oct 30, 2010 | 23.08 |
| Jul 31, 2010 | 38.75 |
| Jul 31, 2010 | 38.75 |
| May 1, 2010 | 43.90 |
| May 1, 2010 | 43.90 |
| Jan 30, 2010 | 39.46 |
| Jan 30, 2010 | 39.46 |
| Oct 31, 2009 | 57.32 |
| Oct 31, 2009 | 57.32 |
| Aug 1, 2009 | 93.58 |
| Aug 1, 2009 | 93.58 |
| May 2, 2009 | 65.49 |
| May 2, 2009 | 65.49 |
| Jan 31, 2009 | 2.15 |
| Jan 31, 2009 | 2.15 |