Filing Flows › Macy's (M) › Operating margin
Macy's (M) operating margin by quarter
Macy's operating margin was 4.8% in Q2 FY27 (second quarter fiscal 2027), +2.5 pts from Q1 FY27. Over the last 7 quarters it ranged from 0.9% (Q3 FY26) to 9.4% (Q4 FY26).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 FY27 | 4.8% | +2.5 pts | +1.8 pts |
| Q1 FY27 | 2.3% | -7.1 pts | +0.3 pts |
| Q4 FY26 | 9.4% | +8.6 pts | +3.2 pts |
| Q3 FY26 | 0.9% | -2.1 pts | — |
| Q2 FY26 | 3.0% | +1.0 pts | — |
| Q1 FY26 | 2.0% | -4.3 pts | — |
| Q4 FY25 | 6.2% | — | — |
Q2 FY27 at a glance
Macy's, Q2 FY27: revenue $5.1B (+1% year over year), operating margin 4.8%, net earnings $169M, operating cash flow $294M. The chart follows the revenue to costs, profit and cash.
Questions
What is Macy's operating margin?
Macy's operating margin was 4.8% in Q2 FY27 (second quarter fiscal 2027), +2.5 pts from Q1 FY27.
How has Macy's operating margin changed?
Over the last 7 quarters it ranged from 0.9% (Q3 FY26) to 9.4% (Q4 FY26).