Company / Operating Income
Macy's Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$1.0B
FY2025
5-year range
-$4.5B / $1.7B
FY2021-FY2025
Trend
+13.3%
vs FY2024
Sector context
#43 of 196
Consumer Discretionary
What the data says
Macy's's operating income of $1.0B is higher than 78% of companies in the Consumer Discretionary sector (FY2025). Operating Income has fluctuated over the past 10 years, ranging from -$4.5B in FY2021 to $1.9B in FY2017.
Based on SEC 10-K filings.
$1.0B in FY2025 with a 3-year CAGR of -15.2%. Top quartile in the Consumer Discretionary sector.
Improved from $301M to $1.0B over the past 2 years.
Consumer Discretionary sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- -15.2%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
-13.9% below sector average
Key checks
Key Insights
- 3-year CAGR of -15.2%, indicating a declining trend.
- In FY2025, operating income increased 13.3% year-over-year.
- Ranks #43 out of 196 companies in the Consumer Discretionary sector.
- Peak operating income was recorded in FY2017.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.0B | +13.3% |
| FY2024 | $909.0M | +202.0% |
| FY2023 | $301.0M | -82.2% |
| FY2022 | $1.7B | +137.7% |
| FY2021 | -$4.5B | +0.0% |
| FY2020 | -$4.5B | -561.3% |
| FY2019 | $970.0M | -44.2% |
| FY2018 | $1.7B | -6.8% |
| FY2017 | $1.9B | +36.0% |
| FY2016 | $1.4B | -32.8% |
As of FY2025 · SEC 10-K · Updated Mar 29, 2026