Macy's annual operating expenses
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Macy's Operating Expenses Growth & History (M)
Macy's's operating expenses was $7.24B for fiscal 2025.
View full Macy's company overviewMacy's annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2026-01-31 | $7.24B | −$407.0M | −5.32% |
| 2024 | 2025-02-01 | $7.64B | −$923.0M | −10.77% |
| 2023 | 2024-02-03 | $8.57B | $1.16B | +15.68% |
| 2022 | 2023-01-28 | $7.41B | $252.0M | +3.52% |
| 2021 | 2022-01-29 | $7.15B | −$2.38B | −24.97% |
| 2020 | 2021-01-30 | $9.54B | $1.12B | +13.26% |
| 2019 | 2020-02-01 | $8.42B | $401.0M | +5.00% |
| 2018 | 2019-02-02 | $8.02B | $197.0M | +2.52% |
| 2017 | 2018-02-03 | $7.82B | −$965.0M | −10.98% |
| 2016 | 2017-01-28 | $8.79B | $242.0M | +2.83% |
| 2015 | 2016-01-30 | $8.54B | $102.0M | +1.21% |
| 2014 | 2015-01-31 | $8.44B | −$86.0M | −1.01% |
| 2013 | 2014-02-01 | $8.53B | $41.0M | +0.48% |
| 2012 | 2013-02-02 | $8.49B | $231.0M | +2.80% |
| 2011 | 2012-01-28 | $8.26B | −$29.0M | −0.35% |
| 2010 | 2011-01-29 | $8.29B | −$168.0M | −1.99% |
| 2009 | 2010-01-30 | $8.45B | −$5.81B | −40.73% |
| 2008 | 2009-01-31 | $14.26B | $5.49B | +62.56% |
| 2007 | 2008-02-02 | $8.77B | — | — |
Macy's quarterly operating expenses
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Q1.24
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Q1.25
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Q1.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q1 2026 | 2026-05-02 | $1.71B | $0 | 0.00% |
| Q4 2025 | 2026-01-31 | $1.95B | −$330.0M | −14.49% |
| Q3 2025 | 2025-11-01 | $1.82B | $2.0M | +0.11% |
| Q2 2025 | 2025-08-02 | $1.76B | −$14.0M | −0.79% |
| Q1 2025 | 2025-05-03 | $1.71B | −$65.0M | −3.66% |
| Q4 2024 | 2025-02-01 | $2.28B | −$837.0M | −26.87% |
| Q3 2024 | 2024-11-02 | $1.81B | −$58.0M | −3.10% |
| Q2 2024 | 2024-08-03 | $1.78B | −$53.0M | −2.90% |
| Q1 2024 | 2024-05-04 | $1.77B | $25.0M | +1.43% |
| Q4 2023 | 2024-02-03 | $3.12B | $976.0M | +45.63% |
| Q3 2023 | 2023-10-28 | $1.87B | $38.0M | +2.07% |
| Q2 2023 | 2023-07-29 | $1.83B | $51.0M | +2.87% |
| Q1 2023 | 2023-04-29 | $1.75B | $96.0M | +5.80% |
| Q4 2022 | 2023-01-28 | $2.14B | −$6.0M | −0.28% |
| Q3 2022 | 2022-10-29 | $1.83B | $124.0M | +7.25% |
| Q2 2022 | 2022-07-30 | $1.78B | $82.0M | +4.83% |
| Q1 2022 | 2022-04-30 | $1.65B | $52.0M | +3.25% |
| Q4 2021 | 2022-01-29 | $2.15B | $265.0M | +14.10% |
| Q3 2021 | 2021-10-30 | $1.71B | $162.0M | +10.47% |
| Q2 2021 | 2021-07-31 | $1.70B | $225.0M | +15.29% |
| Q1 2021 | 2021-05-01 | $1.60B | −$3.03B | −65.44% |
| Q4 2020 | 2021-01-30 | $1.88B | −$630.0M | −25.10% |
| Q3 2020 | 2020-10-31 | $1.55B | −$467.0M | −23.18% |
| Q2 2020 | 2020-08-01 | $1.47B | −$524.0M | −26.25% |
| Q1 2020 | 2020-05-02 | $4.63B | $2.74B | +144.20% |
| Q4 2019 | 2020-02-01 | $2.51B | $393.0M | +18.56% |
| Q3 2019 | 2019-11-02 | $2.02B | −$16.0M | −0.79% |
| Q2 2019 | 2019-08-03 | $2.00B | $47.0M | +2.41% |
| Q1 2019 | 2019-05-04 | $1.90B | −$23.0M | −1.20% |
| Q4 2018 | 2019-02-02 | $2.12B | $54.0M | +2.62% |
| Q3 2018 | 2018-11-03 | $2.03B | $43.0M | +2.16% |
| Q2 2018 | 2018-08-04 | $1.95B | −$8.0M | −0.41% |
| Q1 2018 | 2018-05-05 | $1.92B | $108.0M | +5.96% |
| Q4 2017 | 2018-02-03 | $2.06B | −$330.0M | −13.79% |
| Q3 2017 | 2017-10-28 | $1.99B | −$145.0M | −6.80% |
| Q2 2017 | 2017-07-29 | $1.96B | −$324.0M | −14.20% |
| Q1 2017 | 2017-04-29 | $1.81B | −$166.0M | −8.39% |
| Q4 2016 | 2017-01-28 | $2.39B | $9.0M | +0.38% |
| Q3 2016 | 2016-10-29 | $2.13B | $54.0M | +2.60% |
| Q2 2016 | 2016-07-30 | $2.28B | $223.0M | +10.84% |
| Q1 2016 | 2016-04-30 | $1.98B | −$44.0M | −2.17% |
| Q4 2015 | 2016-01-30 | $2.38B | −$27.0M | −1.12% |
| Q3 2015 | 2015-10-31 | $2.08B | $72.0M | +3.59% |
| Q2 2015 | 2015-08-01 | $2.06B | $34.0M | +1.68% |
| Q1 2015 | 2015-05-02 | $2.02B | $23.0M | +1.15% |
| Q4 2014 | 2015-01-31 | $2.41B | $22.0M | +0.92% |
| Q3 2014 | 2014-11-01 | $2.01B | −$92.0M | −4.38% |
| Q2 2014 | 2014-08-02 | $2.02B | $25.0M | +1.25% |
| Q1 2014 | 2014-05-03 | $2.00B | −$41.0M | −2.01% |
| Q4 2013 | 2014-02-01 | $2.39B | −$16.0M | −0.67% |
| Q3 2013 | 2013-11-02 | $2.10B | $21.0M | +1.01% |
| Q2 2013 | 2013-08-03 | $2.00B | −$10.0M | −0.50% |
| Q1 2013 | 2013-05-04 | $2.04B | $46.0M | +2.31% |
| Q4 2012 | 2013-02-02 | $2.40B | $116.0M | +5.07% |
| Q3 2012 | 2012-10-27 | $2.08B | $60.0M | +2.97% |
| Q2 2012 | 2012-07-28 | $2.01B | $33.0M | +1.67% |
| Q1 2012 | 2012-04-28 | $2.00B | $22.0M | +1.12% |
| Q4 2011 | 2012-01-28 | $2.29B | $19.0M | +0.84% |
| Q3 2011 | 2011-10-29 | $2.02B | −$51.0M | −2.46% |
| Q2 2011 | 2011-07-30 | $1.98B | $23.0M | +1.18% |
| Q1 2011 | 2011-04-30 | $1.97B | −$20.0M | −1.00% |
| Q4 2010 | 2011-01-29 | $2.27B | −$128.0M | −5.34% |
| Q3 2010 | 2010-10-30 | $2.07B | $3.0M | +0.15% |
| Q2 2010 | 2010-07-31 | $1.95B | $58.0M | +3.06% |
| Q1 2010 | 2010-05-01 | $1.99B | −$101.0M | −4.82% |
| Q4 2009 | 2010-01-30 | $2.40B | — | — |
| Q3 2009 | 2009-10-31 | $2.07B | −$35.0M | −1.67% |
| Q2 2009 | 2009-08-01 | $1.90B | −$218.0M | −10.32% |
| Q1 2009 | 2009-05-02 | $2.09B | — | — |
| Q3 2008 | 2008-11-01 | $2.10B | — | — |
| Q2 2008 | 2008-08-02 | $2.11B | — | — |
Macy's operating expenses trends
Over the last five fiscal years, Macy's's operating expenses decreased from $9.54B to $7.24B, a change of −$2.30B. The latest reported quarter, Q1 2026, shows $1.71B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Macy's source filings ↗Community posts
Macy’s raises its annual outlook after another quarter of sales growth
Macy’s ($M) increased its full-year sales and earnings forecasts after second-quarter net sales rose 1.1% to approximately $4.9 billion. Comparable sales increased 2.7%, while the go-forward business — the locations and digital operations r ...