Filing Flows › Macy's (M) › Q1 FY27
Macy's (M) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 4, 2026
Macy's (M) reported revenue of $4.9B for the first quarter fiscal 2027 (Q1 FY27), +2% from a year earlier and -38% from the quarter before. Operating margin was 2.3%, net earnings $63.0M (1.3% of revenue).
Macy's, Q1 FY27: revenue $4.9B (+2% year over year), operating margin 2.3%, net earnings $63.0M, operating cash flow $292M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.9B | -38% | +2% |
| Operating profit | $112M | -85% | +19% |
| Net earnings | $63.0M | -88% | +66% |
| Operating cash flow | $292M | -75% | — |
| Free cash flow | $204M | -81% | — |
What changed
Revenue was $4.9B in Q1 FY27, up 2% year over year and down 38% from the previous quarter.
Operating profit was $0.11B, a 2.3% margin (up 0.3 points year over year). Of the extra revenue versus Q1 FY26, 18% reached operating profit, above the 2% margin then. Total costs grew 2% against revenue growth of 2%. Net earnings were $0.06B, up 66% year over year. The effective tax rate was 32.3%.
Operating cash flow was $0.29B, 463% of net earnings. Non-cash charges added back $0.21B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.09B left free cash flow of $0.20B.
Questions
What was Macy's revenue in the first quarter fiscal 2027?
Macy's (M) reported revenue of $4.9B for the first quarter fiscal 2027 (Q1 FY27), +2% from a year earlier and -38% from the quarter before.
Was Macy's profitable in the first quarter fiscal 2027?
Operating profit was $112M (2.3% of revenue) and net earnings $63.0M.
Source: Macy's 10-Q on SEC EDGAR.