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NYSE · RETAIL-DEPARTMENT STORES · LARGE CAP

Macy's, Inc. M

19 fiscal years on record · USD · FY2025 reported · SEC filings only
4 YEARS OF DIVIDEND GROWTH
$21.8B
▼ 2.4% YoY
$642.0M
▲ 10.3% YoY
$1.1B
▲ 39.1% YoY
In brief

What this company does

Macy's, Inc. operates 665 stores, along with websites and mobile applications, under three brands: Macy's, Bloomingdale's and Bluemercury. It serves an annual customer base of nearly 40 million active consumers. The Company sells a wide range of merchandise, including apparel and accessories, cosmetics, home furnishings and other consumer goods. Macy's is a department store that offers apparel and accessories, cosmetics, home furnishings and other consumer goods, operating full-line and smaller format locations as well as an off-price retail concept under the Macy's Backstage nameplate. Bloomingdale's operates full-line and smaller format locations under the Bloomies nameplate, an off-price retail concept called Bloomingdale's The Outlet, and maintains a presence through licensed partnerships in Dubai, United Arab Emirates and Al Zahra, Kuwait. Bluemercury is a beauty and spa services retailer whose product mix targets the affluent beauty enthusiast, focusing on dermatological skincare, clinical treatments and a fragrance assortment. Macy's, Inc. was organized as a Delaware corporation in 1985 and, along with its predecessors, has operated department stores since 1830.

Written from the business description in Macy's, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 March 2026. Every sentence was checked against that document before publication.

Growth
USD 21.8B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 21.8 · Net income 0.6
10B20B-2B-4B2007201020132016201920222025
Compound annual growth
−3.8%
+4.6%
−2.2%
−0.9%
−17.6%
−5.0%
−1.8%
−17.2%
−3.2%
+1.1%
+5.0%
+14.1%
+9.0%
−16.7%
+30.5%
−15.2%
+11.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +4.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
3 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 4.7% · Net 2.9%
5%-10%-20%2007201020132016201920222025
ROE
FY2025 · ROE 13.6%
20%40%-50%2007201020132016201920222025

Each USD of equity produced 14 cents of profit this year.

Cash & shareholders
USD 447.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.1
0.8B1.6B2007201020132016201920222025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.2 · Net buybacks 0.2
2BDividendsNet buybacks2007201020132016201920222025

USD 197.0M in dividends and USD 250.0M in buybacks — 70% of the year's profit went back to shareholders.

Total assetsUSD 16.2B
EquityUSD 4.9B
CashUSD 1.2B
Gross debtUSD 2.4B
Net debtUSD 1.2B
Current ratio1.49×

Net debt stands at 24% of equity.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B21.822.323.124.424.517.324.625.024.925.927.128.127.927.726.425.023.524.926.3
Operating income $B1.00.90.31.72.4−4.51.01.71.91.42.02.82.72.72.41.91.1−4.41.9
EBITDA $B1.91.81.22.53.2−3.52.02.72.92.43.13.83.73.73.53.02.3−3.13.2
Income tax $B0.20.2−0.00.30.4−0.80.20.3−0.00.30.60.90.80.80.70.50.2−0.20.4
Net income $B0.60.60.01.11.4−3.90.61.11.60.61.11.51.51.31.30.80.3−4.80.9
Free cash flow $B1.10.80.70.72.40.30.71.11.51.21.21.91.91.51.61.21.41.11.2
EPS, diluted $2.322.070.164.084.55−12.681.813.565.102.023.224.223.863.242.921.980.78−11.341.97
Dividend / sh $0.730.690.660.630.300.381.511.51······0.550.200.200.530.52
Payout %3133402156−38342297343282424121026−526
ROE %13.613.61.129.846.3−88.38.818.231.114.622.326.224.222.321.916.67.1−65.79.0
Shares out B0.260.280.270.270.290.310.310.310.300.300.310.340.360.390.410.420.420.420.42

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures in 84 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 3 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Department Stores
Listed onNYSE
Incorporated inDelaware
Fiscal year endsFebruary 1
Data on record since2007

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