Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.9B | $24.9B | $25.0B | $24.6B | $17.3B | $24.5B | $24.4B | $23.1B | $22.3B | $21.8B |
| Revenue growth | — | -3.7% | 0.1% | -1.6% | -29.4% | 41.0% | -0.1% | -5.5% | -3.5% | -2.4% |
| Gross profit | $10.2B | $9.69B | — | — | — | — | — | — | — | — |
| Gross margin | 39.2% | 38.8% | — | — | — | — | — | — | — | — |
| Operating income | $1.37B | $1.86B | $1.74B | $970M | -$4.47B | $2.35B | $1.69B | $301M | $909M | $1.03B |
| Operating margin | 5.3% | 7.5% | 7.0% | 3.9% | -25.8% | 9.6% | 6.9% | 1.3% | 4.1% | 4.7% |
| Net income | $627M | $1.57B | $1.11B | $564M | -$3.94B | $1.43B | $1.15B | $45.0M | $582M | $642M |
| Net margin | 2.4% | 6.3% | 4.4% | 2.3% | -22.7% | 5.8% | 4.7% | 0.2% | 2.6% | 2.9% |
| EPS (diluted) | $2.02 | $5.10 | $3.56 | $1.81 | -$12.68 | $4.55 | $4.08 | $0.16 | $2.07 | $2.32 |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.80B | $1.98B | $1.74B | $1.61B | $649M | $2.71B | $1.61B | $1.30B | $1.28B | $1.43B |
| Capital expenditures | $596M | $487M | $657M | $902M | $338M | $354M | $888M | $631M | $518M | $373M |
| Free cash flow | $1.21B | $1.49B | $1.08B | $706M | $311M | $2.36B | $727M | $674M | $760M | $1.06B |
| Share buybacks | $316M | $1.00M | $0.00 | $1.00M | $1.00M | $500M | $601M | $38.0M | $1.00M | $250M |
| Dividends paid | $459M | $461M | $463M | $466M | $117M | $90.0M | $173M | $181M | $192M | $197M |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.30B | $1.46B | $1.16B | $685M | $1.68B | $1.71B | $862M | $1.03B | $1.31B | $1.25B |
| Total assets | $19.9B | $19.6B | $19.2B | $21.2B | $17.7B | $17.6B | $16.9B | $16.2B | $16.4B | $16.2B |
| Long-term debt | $6.44B | $5.75B | $4.41B | $3.70B | $4.32B | $3.29B | $3.00B | $3.00B | — | — |
| Shareholders' equity | $4.32B | $5.75B | $6.44B | $6.38B | $2.55B | $3.62B | $4.08B | $4.04B | $4.55B | $4.86B |
| Retained earnings | $6.09B | $7.25B | $8.05B | $7.99B | $3.93B | $5.27B | $6.27B | $6.09B | $6.50B | $6.94B |
| Shares (wtd avg diluted) | 311M | 307M | 311M | 311M | 311M | 314M | 281M | 278M | 282M | 277M |
Every figure is extracted from Macy's, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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