Jul 2026 (Q2 FY27) — Sep 10, 2026
Macy's, Inc. Q2 FY27 — Strong Performance Across Nameplates, Raised Full-Year Outlook
Read the full callMacy's (M) earnings
- Aug 2026
- Jul 2026 (Q2 FY27)
- Jan 2026
Macy's earnings: last reported Thu, 10 Sep 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 5,059 | +1.2% YoY | Quarterly, as filed | Quarter to Aug 2026 | Revenue from operations as filed. |
| Operating margin | 4.8 | +1.8 pts YoY | Operating profit / revenue | Quarter to Aug 2026 | For the quarter; a change is in percentage points. |
| Net profit | 169 | +94.3% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Price
$23.6 −1.67% · −$0.4
Performance +32.4% 1Y
1Y: $17.82 on 17 Oct 2025 → $23.6. High $26.21 (4 Aug 2026), low $16.92 (17 Mar 2026).
- Previous close
- $24
- 52-week range
- $16.92 – $26.21
- One year
- +31.26%
Overview
- Symbol
- M
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Call summaries
Apr 2026 (Q1 FY27) — Jun 3, 2026
Macy's, Inc. Q1 FY27 — Strong Q1 Performance Driven by Bold New Chapter Initiatives
Read the full callJan 2026 (Q4 FY26) — Mar 18, 2026
Macy's Q4 FY26 — Strong Performance and Strategic Traction
Read the full callEvery analysed call
Macy's earnings calls (M)
Financials
What the filings say
Net profit, year on year: +94% (quarter to aug 2026 against aug 2025).
| Line item | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Jan 2026 | May 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,903 | 8,007 | 4,793 | 4,999 | 4,913 | 7,916 | 4,892 | 5,059 |
| Operating profit | 64 | 498 | 94 | 149 | 42 | 745 | 112 | 244 |
| Operating margin | 1.3% | 6.2% | 2.0% | 3.0% | 0.8% | 9.4% | 2.3% | 4.8% |
| Profit before tax | 35 | 435 | 68 | 115 | 5 | 661 | 93 | 227 |
| Tax rate | 20.0% | 21.4% | 44.1% | 24.4% | −120.0% | 23.4% | 32.3% | 25.6% |
| Net profit | 28 | 342 | 38 | 87 | 11 | 506 | 63 | 169 |
| EPS ($ per share) | 0.10 | — | 0.14 | 0.32 | 0.04 | — | 0.24 | 0.64 |
| Line item | Feb 2019 | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 8,050 | 7,989 | 3,928 | 5,268 | 6,268 | 6,088 | 6,499 | 6,941 |
| Total liabilities | 12,758 | 14,795 | 15,153 | 13,980 | 12,826 | 12,211 | 11,850 | 11,378 |
| Fixed assets | 6,637 | 6,633 | 5,940 | 5,665 | 5,913 | 5,308 | 5,070 | 4,743 |
| Total assets | 19,194 | 21,172 | 17,706 | 17,590 | 16,866 | 16,246 | 16,402 | 16,238 |
| Line item | Feb 2019 | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,735 | 1,608 | 649 | 2,712 | 1,615 | 1,305 | 1,278 | 1,430 |
| Cash from investing | -456 | -1,002 | -325 | -370 | -1,169 | -913 | -592 | -639 |
| Cash from financing | -1,544 | -1,123 | 699 | -2,381 | -1,296 | -220 | -413 | -852 |
| Capital expenditure | -657 | -902 | -338 | -354 | -888 | -631 | -518 | -373 |
| Free cash flow | 1,078 | 706 | 311 | 2,358 | 727 | 674 | 760 | 1,057 |
M revenue by segment
| Segment | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Womens Accessories Shoes Cosmetics and Fragrances | 42% | 43% | 42% | 41% | 41% | 43% | 42% | 41% | +1.6% |
| Womens Apparel | 23% | 19% | 24% | 23% | 23% | 19% | 24% | 23% | +1.4% |
| Mens and Kids | 22% | 22% | 21% | 21% | 22% | 22% | 21% | 22% | +1.9% |
| Home Other | 14% | 17% | 13% | 15% | 14% | 16% | 13% | 15% | -1.8% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
M operating KPIs by quarter
| KPI | Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|
| Stores Macy's go-forward | ~350comp sales include the approximately 350 Macy's go-forward locations in digital and Bloomingdale's and Bluemercury nameplates inclusive of stores and Digital.Source: earnings call transcript | ~350comp sales include the approximately 350 go-forward store locations and digital for Macy's, which represents the Macy's go-forward nameplate, and all stores and digital for Bloomingdale's and Bluemercury, which represent their respective nameplates.Source: earnings call transcript | — |
| Reimagine stores | 200During the first quarter, we expanded learnings to an additional 75 locations, bringing the Reimagine base to 200.Source: earnings call transcript | 200Earlier this year, we expanded the program to 200 locations, which delivered comp growth of 1.9% in the second quarter.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
54 filings between Nov 1, 2025 and Jun 25, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$6.67M
24 sales by 6 insiders
Compensation
not trading decisions- 4
- Award — granted as compensation
- 20
- Option exercise — converted options into shares
- 6
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Kirgan Danielle L. | — | $2.76M | Apr 6, 2026 |
| Spring Antony | — | $2.45M | Apr 6, 2026 |
| Bron Olivier | — | $568.0K | Apr 6, 2026 |
| Edwards Thomas Jr. | — | $408.7K | Jun 24, 2026 |
| Griscom Paul | — | $347.6K | Jun 25, 2026 |
| Preston Tracy M | — | $143.0K | Apr 6, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jun 25, 2026 | Griscom Paul SVP and Controller | Sale | 10,077 | $258.3K |
| Jun 24, 2026 | Edwards Thomas Jr. EVP, COO & CFO | Sale | 16,419 | $408.7K |
| Jun 23, 2026 | Edwards Thomas Jr. EVP, COO & CFO | Option exercise | 36,419 | — |
| Apr 6, 2026 | Griscom Paul SVP and Controller | Sale | 745 | $13.4K |
| Apr 6, 2026 | Spring Antony Chairman & CEO | Sale | 50,044 | $897.0K |
| Apr 6, 2026 | Kirgan Danielle L. EVP, Chief HR Officer | Sale | 10,010 | $179.4K |
| Apr 6, 2026 | Bron Olivier CEO, Bloomingdale's | Sale | 7,228 | $129.6K |
| Apr 6, 2026 | Preston Tracy M EVP, CLO & Corporate Secretary | Sale | 5,271 | $94.5K |
| Apr 3, 2026 | Bron Olivier CEO, Bloomingdale's | Option exercise | 13,146 | — |
| Apr 3, 2026 | Kirgan Danielle L. EVP, Chief HR Officer | Option exercise | 19,719 | — |
| Apr 3, 2026 | Preston Tracy M EVP, CLO & Corporate Secretary | Option exercise | 13,146 | — |
| Apr 3, 2026 | Griscom Paul SVP and Controller | Option exercise | 2,629 | — |
| Apr 3, 2026 | Spring Antony Chairman & CEO | Option exercise | 98,597 | — |
| Apr 1, 2026 | Kirgan Danielle L. EVP, Chief HR Officer | Sale | 6,573 | $118.8K |
| Apr 1, 2026 | Griscom Paul SVP and Controller | Sale | 490 | $8.9K |
| Apr 1, 2026 | Spring Antony Chairman & CEO | Sale | 14,606 | $264.0K |
| Mar 31, 2026 | Kirgan Danielle L. EVP, Chief HR Officer | Option exercise | 12,864 | — |
| Mar 31, 2026 | Spring Antony Chairman & CEO | Option exercise | 28,588 | — |
| Mar 31, 2026 | Griscom Paul SVP and Controller | Option exercise | 1,715 | — |
| Mar 30, 2026 | Bron Olivier CEO, Bloomingdale's | Sale | 3,051 | $54.1K |
| Mar 30, 2026 | Preston Tracy M EVP, CLO & Corporate Secretary | Sale | 2,736 | $48.5K |
| Mar 30, 2026 | Kirgan Danielle L. EVP, Chief HR Officer | Sale | 5,161 | $91.5K |
| Mar 30, 2026 | Griscom Paul SVP and Controller | Sale | 433 | $7.7K |
| Mar 30, 2026 | Spring Antony Chairman & CEO | Sale | 27,451 | $486.8K |
| Mar 28, 2026 | Kirgan Danielle L. EVP, Chief HR Officer | Option exercise | 11,256 | $0 |
| Mar 28, 2026 | Spring Antony Chairman & CEO | Option exercise | 53,152 | $0 |
| Mar 28, 2026 | Preston Tracy M EVP, CLO & Corporate Secretary | Option exercise | 7,504 | $0 |
| Mar 28, 2026 | Griscom Paul SVP and Controller | Option exercise | 1,501 | $0 |
| Mar 28, 2026 | Bron Olivier CEO, Bloomingdale's | Option exercise | 7,504 | $0 |
| Mar 27, 2026 | Bron Olivier CEO, Bloomingdale's | Sale | 4,712 | $84.4K |
| Mar 27, 2026 | Griscom Paul SVP and Controller | Sale | 2,919 | $52.3K |
| Mar 27, 2026 | Kirgan Danielle L. EVP, Chief HR Officer | Sale | 15,415 | $276.1K |
| Mar 27, 2026 | Spring Antony Chairman & CEO | Sale | 41,450 | $742.5K |
| Mar 26, 2026 | Spring Antony Chairman & CEO | Tax withheld | 6,092 | $112.6K |
| Mar 26, 2026 | Spring Antony Chairman & CEO | Award | 103,984 | $0 |
| Mar 26, 2026 | Bron Olivier CEO, Bloomingdale's | Tax withheld | 406 | $7.5K |
| Mar 26, 2026 | Kirgan Danielle L. EVP, Chief HR Officer | Award | 46,789 | $0 |
| Mar 26, 2026 | Bron Olivier CEO, Bloomingdale's | Award | 11,035 | $0 |
| Mar 26, 2026 | Griscom Paul SVP and Controller | Tax withheld | 339 | $6.3K |
| Mar 26, 2026 | Griscom Paul SVP and Controller | Award | 10,392 | $0 |
| Mar 26, 2026 | Kirgan Danielle L. EVP, Chief HR Officer | Tax withheld | 2,114 | $39.1K |
| Mar 25, 2026 | Spring Antony Chairman & CEO | Sale | 3,024 | $56.6K |
| Mar 25, 2026 | Kirgan Danielle L. EVP, Chief HR Officer | Sale | 3,047 | $57.0K |
| Mar 25, 2026 | Griscom Paul SVP and Controller | Sale | 379 | $7.1K |
| Mar 24, 2026 | Griscom Paul SVP and Controller | Option exercise | 1,139 | $0 |
| Mar 24, 2026 | Spring Antony Chairman & CEO | Option exercise | 8,539 | $0 |
| Mar 24, 2026 | Kirgan Danielle L. EVP, Chief HR Officer | Option exercise | 8,539 | $0 |
| Mar 2, 2026 | Preston Tracy M EVP, CLO & Corporate Secretary | Tax withheld | 6,654 | $131.6K |
| Feb 28, 2026 | Preston Tracy M EVP, CLO & Corporate Secretary | Option exercise | 18,061 | — |
| Dec 11, 2025 | Kirgan Danielle L. EVP, Chief HR Officer | Sale | 85,000 | $2.03M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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