Macy's annual return on equity
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Macy's Return on Equity (ROE) Growth & History (M)
Macy's's return on equity was 13.64% for fiscal 2025.
View full Macy's company overviewMacy's annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2026-01-31 | 13.64% | +0.09 pp |
| 2024 | 2025-02-01 | 13.56% | +12.45 pp |
| 2023 | 2024-02-03 | 1.11% | −28.65 pp |
| 2022 | 2023-01-28 | 29.75% | −16.57 pp |
| 2021 | 2022-01-29 | 46.32% | +134.65 pp |
| 2020 | 2021-01-30 | −88.33% | −97.14 pp |
| 2019 | 2020-02-01 | 8.80% | −9.39 pp |
| 2018 | 2019-02-02 | 18.19% | −12.92 pp |
| 2017 | 2018-02-03 | 31.11% | +16.48 pp |
| 2016 | 2017-01-28 | 14.63% | −7.64 pp |
| 2015 | 2016-01-30 | 22.27% | −3.98 pp |
| 2014 | 2015-01-31 | 26.25% | +2.09 pp |
| 2013 | 2014-02-01 | 24.16% | +1.88 pp |
| 2012 | 2013-02-02 | 22.28% | +0.37 pp |
| 2011 | 2012-01-28 | 21.91% | +5.28 pp |
| 2010 | 2011-01-29 | 16.64% | +9.54 pp |
| 2009 | 2010-01-30 | 7.10% | +72.84 pp |
| 2008 | 2009-01-31 | −65.74% | — |
Macy's quarterly return on equity
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Q1.11
Q2.11
Q3.11
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Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
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Q3.13
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Q1.14
Q2.14
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Q2.15
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Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
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Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
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Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-05-02 | 1.30% | +0.46 pp |
| Q4 2025 | 2026-01-31 | 11.01% | +3.15 pp |
| Q3 2025 | 2025-11-01 | 0.25% | −0.42 pp |
| Q2 2025 | 2025-08-02 | 1.95% | −1.67 pp |
| Q1 2025 | 2025-05-03 | 0.84% | −0.68 pp |
| Q4 2024 | 2025-02-01 | 7.86% | +11.01 pp |
| Q3 2024 | 2024-11-02 | 0.67% | −0.32 pp |
| Q2 2024 | 2024-08-03 | 3.62% | +4.08 pp |
| Q1 2024 | 2024-05-04 | 1.53% | −2.13 pp |
| Q4 2023 | 2024-02-03 | −3.15% | −15.77 pp |
| Q3 2023 | 2023-10-28 | 0.99% | −2.09 pp |
| Q2 2023 | 2023-07-29 | −0.46% | −8.53 pp |
| Q1 2023 | 2023-04-29 | 3.66% | −4.63 pp |
| Q4 2022 | 2023-01-28 | 12.62% | −9.79 pp |
| Q3 2022 | 2022-10-29 | 3.08% | −4.68 pp |
| Q2 2022 | 2022-07-30 | 8.08% | −3.78 pp |
| Q1 2022 | 2022-04-30 | 8.29% | +4.35 pp |
| Q4 2021 | 2022-01-29 | 22.42% | +15.74 pp |
| Q3 2021 | 2021-10-30 | 7.77% | +11.75 pp |
| Q2 2021 | 2021-07-31 | 11.85% | +29.02 pp |
| Q1 2021 | 2021-05-01 | 3.94% | +82.87 pp |
| Q4 2020 | 2021-01-30 | 6.67% | +1.20 pp |
| Q3 2020 | 2020-10-31 | −3.99% | −4.02 pp |
| Q2 2020 | 2020-08-01 | −17.17% | −18.53 pp |
| Q1 2020 | 2020-05-02 | −78.93% | −81.06 pp |
| Q4 2019 | 2020-02-01 | 5.47% | −6.76 pp |
| Q3 2019 | 2019-11-02 | 0.03% | −1.04 pp |
| Q2 2019 | 2019-08-03 | 1.36% | −1.47 pp |
| Q1 2019 | 2019-05-04 | 2.13% | −0.27 pp |
| Q4 2018 | 2019-02-02 | 12.23% | −14.64 pp |
| Q3 2018 | 2018-11-03 | 1.07% | +0.38 pp |
| Q2 2018 | 2018-08-04 | 2.83% | +0.31 pp |
| Q1 2018 | 2018-05-05 | 2.40% | +0.61 pp |
| Q4 2017 | 2018-02-03 | 26.87% | +15.16 pp |
| Q3 2017 | 2017-10-28 | 0.69% | +0.25 pp |
| Q2 2017 | 2017-07-29 | 2.52% | +2.25 pp |
| Q1 2017 | 2017-04-29 | 1.80% | −0.97 pp |
| Q4 2016 | 2017-01-28 | 11.71% | −1.52 pp |
| Q3 2016 | 2016-10-29 | 0.43% | −2.24 pp |
| Q2 2016 | 2016-07-30 | 0.27% | −4.05 pp |
| Q1 2016 | 2016-04-30 | 2.76% | −0.88 pp |
| Q4 2015 | 2016-01-30 | 13.23% | −1.55 pp |
| Q3 2015 | 2015-10-31 | 2.68% | −1.21 pp |
| Q2 2015 | 2015-08-01 | 4.32% | −0.59 pp |
| Q1 2015 | 2015-05-02 | 3.65% | +0.02 pp |
| Q4 2014 | 2015-01-31 | 14.78% | +0.91 pp |
| Q3 2014 | 2014-11-01 | 3.89% | +0.76 pp |
| Q2 2014 | 2014-08-02 | 4.90% | +0.15 pp |
| Q1 2014 | 2014-05-03 | 3.63% | +0.02 pp |
| Q4 2013 | 2014-02-01 | 13.87% | +1.30 pp |
| Q3 2013 | 2013-11-02 | 3.13% | +0.60 pp |
| Q2 2013 | 2013-08-03 | 4.75% | +0.08 pp |
| Q1 2013 | 2013-05-04 | 3.61% | +0.58 pp |
| Q4 2012 | 2013-02-02 | 12.57% | −0.07 pp |
| Q3 2012 | 2012-10-27 | 2.53% | +0.18 pp |
| Q2 2012 | 2012-07-28 | 4.67% | +0.54 pp |
| Q1 2012 | 2012-04-28 | 3.03% | +0.69 pp |
| Q4 2011 | 2012-01-28 | 12.64% | −0.22 pp |
| Q3 2011 | 2011-10-29 | 2.35% | +2.15 pp |
| Q2 2011 | 2011-07-30 | 4.14% | +1.05 pp |
| Q1 2011 | 2011-04-30 | 2.34% | +1.84 pp |
| Q4 2010 | 2011-01-29 | 12.86% | +3.13 pp |
| Q3 2010 | 2010-10-30 | 0.21% | +0.98 pp |
| Q2 2010 | 2010-07-31 | 3.08% | +2.93 pp |
| Q1 2010 | 2010-05-01 | 0.49% | — |
| Q4 2009 | 2010-01-30 | 9.73% | — |
| Q3 2009 | 2009-10-31 | −0.77% | — |
| Q2 2009 | 2009-08-01 | 0.15% | — |
Macy's return on equity trends
Over the last five fiscal years, Macy's's return on equity increased from −88.33% to 13.64%, a change of +101.97 percentage points. The latest reported quarter, Q1 2026, shows 1.30%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. 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 ...