M Macy`s margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 63

Gross margin

40.7%

Operating margin

4.7%

EBITDA margin

8.6%

Net margin

3.3%

The Macy`s shows a gross margin of 40.7%, an operating margin of 4.7%, an EBITDA margin of 8.6%, and a net margin of 3.3%. Operating margin drove the improvement across the available margins, increasing by 1.4 percentage points.

M margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Macy`s's margins averaged 40.33% gross, 2.86% operating, 6.73% EBITDA, and 1.83% net. Compared with their three-year averages, all four current margins are higher.

M margin expansion

Year-over-year margin changes in percentage points

All available margins expanded year over year, led by operating margin with an increase of 1.4 percentage points.

Gross margin expansion

0.4pp

Operating margin expansion

1.4pp

EBITDA margin expansion

1.3pp

Net margin expansion

1.1pp

M Gross margin

Over the last 3 years, the average gross margin for Macy`s was 40.33%. The latest gross margin for Macy`s is 40.7%, 0.4 percentage points above its three-year average. Macy`s's gross margin ranged from a low of 39.5% in Oct 2023 to a high of 40.7% in Aug 2026.

M Operating margin

The average operating margin for Macy`s was 2.86% in the last 3 years. Macy`s currently reports an operating margin of 4.7%, 1.8 percentage points above its three-year average. The operating margin for Macy`s moved between 0.2% in May 2024 and 4.7% in Aug 2026.

M EBITDA margin

Macy`s's EBITDA margin averaged 6.73% over the last 3 years. Against its three-year average, Macy`s's EBITDA margin is currently 8.6%, 1.9 percentage points above its three-year average. Over the last 3 years, Macy`s's EBITDA margin peaked at 8.6% in Aug 2026 and reached a low of 4% in May 2024.

M Net margin

Over the last 3 years, Macy`s's net margin averaged 1.83%. Right now, Macy`s's current net margin is 3.3%, which is 1.5 percentage points above its three-year average. During this period, net margin reached a high of 3.3% in Aug 2026 and a low of -0.2% in May 2024.

M margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 40.7%, M stands above the Consumer Cyclical sector and its peers average. Compared to its Consumer Cyclical sector average of 36.2%, Macy`s's gross margin is 12% higher.

M margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Macy`s's gross margin?

For the period ending Aug 1, 2026, M recorded a gross margin of 40.7%.

What is Macy`s's operating margin?

As of Aug 1, 2026, M has an operating margin of 4.7%.

What is Macy`s's EBITDA margin?

The current EBITDA margin for M is 8.6% as of Aug 1, 2026.

What is Macy`s's net margin?

For the period ending Aug 1, 2026, M recorded a net margin of 3.3%.

What are the average margins of M?

Over the past 3 years, M reported average margins of 40.3% gross, 2.9% operating, 6.7% EBITDA, and 1.8% net.

What are the highest historical margins of M?

Over this 5-year history, M peaked at 42% gross in Oct 2022, 10.4% operating in Jul 2022, 12.2% EBITDA in Apr 2022, and 6.1% net in Apr 2022.

What are the lowest historical margins of M?

Across the 5-year period, M posted its lowest margins at 38.2% gross in Oct 2021, 0.2% operating in May 2024, 4% EBITDA in May 2024, and -0.2% net in May 2024.