Macy's (M) Tax Rate (2009 - 2026)
Macy's' Tax Rate was 25.55% in fiscal Q2 2027 (quarter ended Aug 1, 2026), up 1.20 percentage points from 24.35% a year earlier but down 6.71 percentage points from the prior quarter.
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Analysis
Macy's (M) Tax Rate (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Macy's' Tax Rate was 24.01% through Aug 1, 2026, down 0.30 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 24.38%, up 0.66 percentage points from FY2025.
- Tax Rate shows a five-year change of +6.72 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Tax Rate was 23.72% in FY2025 (+28.37 pp), -4.65% in FY2024 (-27.06 pp), 22.41% in FY2023 (-0.93 pp) and 23.34% in FY2022 (+5.68 pp).
- Quarterly Tax Rate has moved between -120.00% (fiscal Q3 2026) and 44.12% (fiscal Q1 2026) over five years.
- Compared with a year earlier, Tax Rate was higher in five of the last eight quarters, with an average year-over-year change of -16.52 percentage points.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q3 2025 (a gain of 15.35 percentage points); the worst was fiscal Q3 2026 (a drop of 140.00 percentage points).
- Per Business Quant data, M's Tax Rate in the three fiscal quarters before Q2 2027 was 32.26% (Q1 2027), 23.41% (Q4 2026) and -120.00% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,712.14 Bn | 2,228.84 Bn | 104.83 Bn | 22.51% |
| 2 | Home Depot | 282.27 Bn | 275.52 Bn | 16.12 Bn | 24.53% |
| 3 | Tjx Companies | 146.16 Bn | 123.70 Bn | 5.07 Bn | 24.68% |
| 4 | Lowes Companies | 101.42 Bn | 94.39 Bn | 8.58 Bn | 24.44% |
| 5 | Ross Stores | 73.06 Bn | 55.98 Bn | 2.12 Bn | 24.98% |
| 6 | Target | 70.86 Bn | 65.45 Bn | 8.94 Bn | 23.67% |
| 7 | Carvana | 70.11 Bn | 61.71 Bn | 1.38 Bn | 11.40% |
| 8 | O Reilly Automotive | 69.29 Bn | 68.38 Bn | 2.52 Bn | 22.62% |
| 9 | Autozone | 45.61 Bn | 44.51 Bn | 2.52 Bn | 21.12% |
| 10 | Macy's | 5.94 Bn | 1.66 Bn | 2.21 Bn | 25.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 25.55% |
| May 2, 2026 | 32.26% |
| Jan 31, 2026 | 23.41% |
| Aug 2, 2025 | 24.35% |
| May 3, 2025 | 44.12% |
| Feb 1, 2025 | 21.56% |
| Nov 2, 2024 | 20.00% |
| Aug 3, 2024 | 23.08% |
| May 4, 2024 | 36.73% |
| Oct 28, 2023 | 4.65% |
| Apr 29, 2023 | 27.05% |
| Jan 28, 2023 | 19.80% |
| Oct 29, 2022 | 13.60% |
| Jul 30, 2022 | 24.45% |
| Apr 30, 2022 | 27.04% |
| Jan 29, 2022 | 24.30% |
| Oct 30, 2021 | 18.71% |
| Jul 31, 2021 | 23.33% |
| May 1, 2021 | 26.43% |
| Jan 30, 2021 | 49.04% |
API Access
Macy's Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=M&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "M", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=M&period=max&api_key=YOUR_API_KEY");
const data = await res.json();