SuperworthMacy's profit margin M
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 3.3%
- Operating margin, 12 months
- 5.0%
- Net margin on a year earlier
- +1.1 pts
- Peer median
- 4.2%
Over the twelve months to Aug 1, 2026, Macy's kept 3.3% of its revenue as net profit, with an operating margin of 5.0% and a gross margin of 40.7%.
Five years earlier its net margin was 2.4%.
The median for 10 consumer staples stocks of a similar size is 4.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 2.8% | 4.6% | 40.3% |
| FY2024 | 2.5% | 4.0% | 40.3% |
| FY2023 | 0.2% | 1.3% | 40.4% |
| FY2022 | 4.6% | 6.8% | 39.9% |
| FY2021 | 5.8% | 9.6% | 38.9% |
| FY2020 | −22.7% | −25.8% | 29.2% |
| FY2019 | 2.3% | 3.9% | 38.2% |
| FY2018 | 4.4% | 7.0% | 39.1% |
| FY2017 | 6.3% | 7.5% | 39.1% |
| FY2016 | 2.4% | 5.1% | 39.4% |
| FY2015 | 4.0% | 7.5% | 39.1% |
| FY2014 | 5.4% | 10.0% | 40.0% |
| FY2013 | 5.3% | 9.6% | 40.1% |
| FY2012 | 4.8% | 9.6% | 40.3% |
| FY2011 | 4.8% | 9.1% | 40.4% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 3.3% | +1.1 pts | 5.0% | |
| Q1 FY26 | 2.9% | +0.5 pts | 4.6% | |
| Q4 FY25 | 2.8% | +0.3 pts | 4.6% | |
| Q3 FY25 | 2.1% | +1.6 pts | 3.5% | |
| Q2 FY25 | 2.2% | +1.6 pts | 3.6% | |
| Q1 FY25 | 2.4% | +2.6 pts | 3.9% | |
| Q4 FY24 | 2.5% | +2.3 pts | 4.0% | |
| Q3 FY24 | 0.5% | −2.4 pts | 1.1% | |
| Q2 FY24 | 0.5% | −2.5 pts | 1.2% | |
| Q1 FY24 | −0.2% | −4.3 pts | 0.8% | |
| Q4 FY23 | 0.2% | −4.4 pts | 1.3% | |
| Q3 FY23 | 2.8% | −2.7 pts | 4.7% |
Against its peers
Companies in Consumer Defensive nearest Macy's' size, closest first, today.
| Company | Profit margin |
|---|---|
| MMacy's | 3.3% |
| CPBCAMPBELL'S | 4.1% |
| SFMSprouts Farmers Market | 5.6% |
| INGRIngredion | 8.2% |
| PPCPilgrims Pride | 3.0% |
| ELFe.l.f. Beauty | 3.4% |
| PRMBPrimo Brands | 1.5% |
| CELHCelsius | 4.2% |
| SFDSmithfield Foods | 6.8% |
| LAURLaureate Education | 17.6% |
| LWLamb Weston | 3.8% |
| Peer median | 4.2% |
Where Macy's ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Macy's
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.