Macy's Inc. (M) financial statements: income statement, balance sheet and cash flow
Macy's Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 31, 2026 · FY), Macy's Inc. reported revenue of $22.6B (-1.7% year on year) and net income of $642.0M (+10.3% year on year).
Income statement
Macy's Inc. income statement, fiscal years
Line item
Jan 31, 2026 · FY
Feb 1, 2025 · FY
Feb 3, 2024 · FY
Jan 28, 2023 · FY
Net sales
$21.8B
$22.3B
$23.1B
$24.4B
Other revenue
$857.0M
$713.0M
$774.0M
—
Total revenue
$22.6B
$23.0B
$23.9B
—
Cost of sales
($13.5B)
($13.7B)
($14.1B)
($15.3B)
Selling, general and administrative expenses
($8.2B)
($8.3B)
($8.4B)
($8.3B)
Gains on sale of real estate
$48.0M
$144.0M
$61.0M
$89.0M
Impairment, restructuring and other costs
($230.0M)
($171.0M)
($1.0B)
($41.0M)
Gain (Loss) from Litigation Settlement
$328.0M
—
—
—
Operating income
$1.0B
$909.0M
$382.0M
$1.7B
Benefit plan income, net
$16.0M
$16.0M
$11.0M
$20.0M
Pension settlement charges
($67.0M)
($46.0M)
($134.0M)
($39.0M)
Interest expense, net
($97.0M)
($115.0M)
($135.0M)
—
Loss on extinguishment of debt
($33.0M)
($1.0M)
$0
($31.0M)
Income before income taxes
$849.0M
$763.0M
$124.0M
$1.5B
Federal, state and local income tax (expense) benefit
($207.0M)
($181.0M)
($19.0M)
($341.0M)
Net income
$642.0M
$582.0M
$105.0M
$1.2B
Basic earnings per share (in dollars per share)
$2.37
$2.10
$0.38
$4.28
Diluted earnings per share (in dollars per share)
$2.32
$2.07
$0.38
$4.19
Macy's Inc. income statement, quarters
Line item
Aug 1, 2026 · Q3
May 2, 2026 · Q2
Nov 1, 2025 · Q3
Aug 2, 2025 · Q2
Net sales
$4.9B
$4.7B
$4.7B
$4.8B
Other revenue
$193.0M
$210.0M
$200.0M
$187.0M
Total revenue
$5.1B
$4.9B
$4.9B
$5.0B
Cost of sales
($2.8B)
($2.9B)
($2.9B)
($2.9B)
Selling, general and administrative expenses
($2.0B)
($2.0B)
($2.0B)
($1.9B)
Gains on sale of real estate
$9.0M
$15.0M
$12.0M
$16.0M
Impairment, restructuring and other (costs) benefits
($16.0M)
$17.0M
($4.0M)
($22.0M)
Operating income
$244.0M
$112.0M
$42.0M
$149.0M
Benefit plan income, net
$6.0M
$6.0M
$4.0M
$4.0M
Interest expense, net
($23.0M)
($25.0M)
($25.0M)
($25.0M)
Loss on extinguishment of debt
$0
$0
($16.0M)
($13.0M)
Income before income taxes
$227.0M
$93.0M
$5.0M
$115.0M
Federal, state and local income tax expense
($58.0M)
($30.0M)
$6.0M
($28.0M)
Net income
$169.0M
$63.0M
$11.0M
$87.0M
Basic earnings per share (usd per share)
$0.64
$0.24
$0.04
$0.32
Diluted earnings per share (usd per share)
$0.62
$0.23
$0.04
$0.31
Balance sheet
Macy's Inc. balance sheet, fiscal years
Line item
Jan 31, 2026 · FY
Feb 1, 2025 · FY
Feb 3, 2024 · FY
Jan 28, 2023 · FY
Cash and cash equivalents
$1.2B
$1.3B
$1.0B
$862.0M
Receivables
$628.0M
$303.0M
$293.0M
$300.0M
Merchandise inventories
$4.4B
$4.5B
$4.4B
$4.3B
Prepaid expenses and other current assets
$387.0M
$385.0M
$401.0M
$424.0M
Income taxes receivable
$0
$17.0M
—
—
Total Current Assets
$6.7B
$6.5B
$6.1B
$5.9B
Property and Equipment – net
$4.7B
$5.1B
$5.3B
$5.9B
Right of Use Assets
$2.1B
$2.2B
$2.3B
$2.7B
Goodwill
$828.0M
$828.0M
$828.0M
$828.0M
Other Intangible Assets – net
$420.0M
$425.0M
$430.0M
$432.0M
Other Assets
$1.4B
$1.4B
$1.3B
$1.2B
Total Assets
$16.2B
$16.4B
$16.2B
$16.9B
Short-term debt
$0
$6.0M
—
—
Merchandise accounts payable
$1.8B
$1.9B
$1.9B
$2.1B
Accounts payable and accrued liabilities
$2.6B
$2.6B
$2.4B
$2.8B
Income taxes payable
$71.0M
$0
$83.0M
$58.0M
Total Current Liabilities
$4.5B
$4.5B
$4.4B
$4.9B
Long-Term Debt
$2.4B
$2.8B
$3.0B
$3.0B
Long-Term Lease Liabilities
$2.8B
$2.9B
$3.0B
$3.0B
Deferred Income Taxes
$805.0M
$724.0M
$745.0M
$947.0M
Other Liabilities
$876.0M
$902.0M
$950.0M
$1.0B
Common stock (263.0 and 277.7 shares outstanding)
3.0M
3.0M
3.0M
3.0M
Additional paid-in capital
$269.0M
$300.0M
$352.0M
$467.0M
Accumulated equity
$6.9B
$6.5B
$6.2B
$6.3B
Treasury stock
($2.0B)
($1.8B)
($1.9B)
($2.0B)
Accumulated other comprehensive loss
($392.0M)
($449.0M)
($496.0M)
($618.0M)
Total Shareholders' Equity
$4.9B
$4.6B
$4.1B
$4.1B
Total Liabilities and Shareholders’ Equity
$16.2B
$16.4B
$16.2B
$16.9B
Macy's Inc. balance sheet, quarters
Line item
Aug 1, 2026
May 2, 2026
Nov 1, 2025
Aug 2, 2025
Cash and cash equivalents
$1.3B
$1.3B
$447.0M
$829.0M
Receivables
$236.0M
$302.0M
$187.0M
$211.0M
Merchandise inventories
$4.4B
$4.8B
$6.3B
$4.3B
Prepaid expenses and other current assets
$410.0M
$467.0M
$433.0M
$430.0M
Income taxes receivable
$0
$0
$20.0M
$13.0M
Total Current Assets
$6.4B
$6.9B
$7.4B
$5.8B
Property and Equipment - net of accumulated depreciation and amortization of $4,498, $4,255 and $4,396
$4.6B
$4.6B
$4.8B
$4.9B
Right of Use Assets
$2.1B
$2.1B
$2.2B
$2.2B
Goodwill
$828.0M
$828.0M
$828.0M
$828.0M
Other Intangible Assets – net
$417.0M
$419.0M
$421.0M
$423.0M
Other Assets
$1.5B
$1.4B
$1.4B
$1.4B
Total Assets
$15.7B
$16.3B
$17.1B
$15.6B
Short-term debt
$0
$0
$0
$194.0M
Merchandise accounts payable
$1.8B
$2.4B
$3.4B
$1.8B
Accounts payable and accrued liabilities
$2.1B
$2.2B
$2.5B
$2.2B
Income taxes payable
$43.0M
$70.0M
—
$12.0M
Total Current Liabilities
$4.0B
$4.7B
$5.9B
$4.2B
Long-Term Debt
$2.4B
$2.4B
$2.4B
$2.4B
Long-Term Lease Liabilities
$2.7B
$2.7B
$2.8B
$2.9B
Deferred Income Taxes
$828.0M
$828.0M
$727.0M
$723.0M
Other Liabilities
$862.0M
$858.0M
$878.0M
$871.0M
Shareholders' Equity
$4.9B
$4.8B
$4.3B
$4.5B
Total Liabilities and Shareholders’ Equity
$15.7B
$16.3B
$17.1B
$15.6B
Cash flow statement
Macy's Inc. cash flow statement, fiscal years
Line item
Jan 31, 2026 · FY
Feb 1, 2025 · FY
Feb 3, 2024 · FY
Jan 28, 2023 · FY
Net income
$642.0M
$582.0M
$105.0M
$1.2B
Impairment, restructuring and other costs
$230.0M
$171.0M
$1.0B
$41.0M
Pension settlement charges
$67.0M
$46.0M
$134.0M
$39.0M
Depreciation and amortization
$894.0M
$881.0M
$897.0M
$857.0M
Benefit plans
$2.0M
$2.0M
$4.0M
$17.0M
Stock-based compensation expense
$59.0M
$58.0M
$47.0M
$54.0M
Gains on sale of real estate
($48.0M)
($144.0M)
($61.0M)
($89.0M)
Deferred income taxes
$62.0M
($52.0M)
($244.0M)
($38.0M)
Amortization of financing costs and premium on acquired debt
$8.0M
$11.0M
$10.0M
$11.0M
(Increase) decrease in receivables
($325.0M)
$2.0M
$7.0M
($3.0M)
Decrease (increase) in merchandise inventories
$51.0M
($51.0M)
($99.0M)
$116.0M
(Increase) decrease in prepaid expenses and other current assets
($13.0M)
$11.0M
$18.0M
($66.0M)
Decrease in merchandise accounts payable
($74.0M)
($11.0M)
($113.0M)
($129.0M)
Decrease in accounts payable and accrued liabilities
($83.0M)
($49.0M)
($347.0M)
($174.0M)
Increase (decrease) in current income taxes
$77.0M
($69.0M)
$24.0M
($75.0M)
Change in other assets and liabilities
($119.0M)
($110.0M)
($104.0M)
($123.0M)
Net cash provided by operating activities
$1.4B
$1.3B
$1.3B
$1.6B
Purchase of property and equipment
($373.0M)
($518.0M)
($631.0M)
($888.0M)
Capitalized software
($367.0M)
($364.0M)
($362.0M)
($407.0M)
Proceeds from disposition of assets, net
$107.0M
$283.0M
$86.0M
$137.0M
Other, net
($6.0M)
$7.0M
($6.0M)
($11.0M)
Net cash used by investing activities
($639.0M)
($592.0M)
($913.0M)
($1.2B)
Debt issued
$500.0M
$301.0M
$961.0M
$2.8B
Debt issuance costs
($13.0M)
($1.0M)
($1.0M)
($21.0M)
Debt repaid
($846.0M)
($524.0M)
($963.0M)
($3.1B)
Debt repurchase premium and expenses
($27.0M)
$1.0M
$0
($29.0M)
Dividends paid
($197.0M)
($192.0M)
($181.0M)
($173.0M)
Increase (decrease) in outstanding checks
($19.0M)
$3.0M
$2.0M
($181.0M)
Acquisition of treasury stock
($250.0M)
($1.0M)
($38.0M)
($601.0M)
Net cash used by financing activities
($852.0M)
($413.0M)
($220.0M)
($1.3B)
Net (decrease) increase in cash, cash equivalents and restricted cash
($61.0M)
$273.0M
$172.0M
($850.0M)
Cash, cash equivalents and restricted cash beginning of period
$1.3B
$1.0B
$865.0M
$1.7B
Cash, cash equivalents and restricted cash end of period
$1.2B
$1.3B
$1.0B
$865.0M
Interest paid
$167.0M
$155.0M
$157.0M
$188.0M
Interest received
$42.0M
$40.0M
$38.0M
$9.0M
Restricted cash, end of period
$3.0M
$4.0M
$3.0M
$3.0M
Macy's Inc. cash flow statement, quarters
Line item
Aug 1, 2026 · YTD
May 2, 2026 · Q2
Nov 1, 2025 · YTD
Aug 2, 2025 · YTD
Net income
$232.0M
$63.0M
$135.0M
$124.0M
Impairment, restructuring and other (benefits) costs
($1.0M)
($17.0M)
$33.0M
$30.0M
Depreciation and amortization
$416.0M
$210.0M
$672.0M
$437.0M
Stock-based compensation expense
$32.0M
$14.0M
$43.0M
$28.0M
Gains on sale of real estate
($23.0M)
($15.0M)
($44.0M)
($32.0M)
Benefit plans
$3.0M
$2.0M
$2.0M
$1.0M
Amortization of financing costs and premium on acquired debt
$3.0M
$1.0M
$7.0M
$6.0M
Deferred income taxes
$22.0M
$22.0M
$3.0M
($1.0M)
Decrease in receivables
$382.0M
$316.0M
$116.0M
$92.0M
(Increase) decrease in merchandise inventories
($37.0M)
($421.0M)
($1.8B)
$123.0M
Increase in prepaid expenses and other current assets
($28.0M)
($84.0M)
($59.0M)
($54.0M)
Increase (decrease) in merchandise accounts payable
$47.0M
$534.0M
$1.5B
($35.0M)
Decrease in accounts payable and accrued liabilities
($389.0M)
($297.0M)
($193.0M)
($405.0M)
(Decrease) increase in current income taxes
($17.0M)
$3.0M
($4.0M)
$9.0M
Change in other assets and liabilities
($56.0M)
($39.0M)
($107.0M)
($68.0M)
Net cash provided by operating activities
$586.0M
$292.0M
$247.0M
$255.0M
Purchase of property and equipment
($153.0M)
($88.0M)
($272.0M)
($179.0M)
Capitalized software
($171.0M)
($89.0M)
($253.0M)
($164.0M)
Proceeds from disposition of assets, net
$35.0M
$25.0M
$95.0M
$75.0M
Other, net
$3.0M
$3.0M
$5.0M
$6.0M
Net cash used by investing activities
($286.0M)
($149.0M)
($425.0M)
($262.0M)
Debt issued
$0
$0
$500.0M
$500.0M
Debt issuance costs
$0
$0
($13.0M)
($13.0M)
Debt repaid
($2.0M)
($1.0M)
($846.0M)
($651.0M)
Debt repurchase premium and expenses
$0
—
($27.0M)
($11.0M)
Dividends paid
($101.0M)
($50.0M)
($149.0M)
($100.0M)
Decrease in outstanding checks
($47.0M)
$7.0M
$52.0M
($47.0M)
Acquisition of treasury stock
($104.0M)
($51.0M)
($200.0M)
($149.0M)
Proceeds from Issuance or Sale of Equity
$3.0M
—
—
—
Net cash used by financing activities
($251.0M)
($95.0M)
($683.0M)
($471.0M)
Net increase (decrease) in cash, cash equivalents and restricted cash
$49.0M
$48.0M
($861.0M)
($478.0M)
Cash, cash equivalents and restricted cash beginning of period
$1.2B
$1.2B
$1.3B
$1.3B
Cash, cash equivalents and restricted cash end of period