Filing Flows › Macy's (M) › Q3 FY26
Macy's (M) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 10, 2025
Macy's (M) reported revenue of $4.9B for the third quarter fiscal 2026 (Q3 FY26), +0.2% from a year earlier and -2% from the quarter before. Operating margin was 0.9%, net earnings $11.0M (0.2% of revenue).
Macy's, Q3 FY26: revenue $4.9B (+0.2% year over year), operating margin 0.9%, net earnings $11.0M, operating cash flow −$8.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.9B | -2% | +0.2% |
| Operating profit | $42.0M | -72% | -34% |
| Net earnings | $11.0M | -87% | -61% |
| Operating cash flow | −$8.0M | -103% | — |
What changed
Revenue was $4.9B in Q3 FY26, roughly flat year over year and down 2% from the previous quarter.
Operating profit was $0.04B, a 0.9% margin (down 0.5 points year over year). Operating profit fell $0.02B even though revenue rose $0.01B versus a year earlier, so costs grew faster than sales. Total costs grew 1% against flat revenue. Net earnings were $0.01B, down 61% year over year. The tax line was a benefit of $0.01B on pre-tax earnings of $0.01B.
Operating cash flow was −$0.01B. Non-cash charges added back $0.23B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.27B. Capital expenditures of $0.09B exceeded it, leaving free cash flow of −$0.10B.
Questions
What was Macy's revenue in the third quarter fiscal 2026?
Macy's (M) reported revenue of $4.9B for the third quarter fiscal 2026 (Q3 FY26), +0.2% from a year earlier and -2% from the quarter before.
Was Macy's profitable in the third quarter fiscal 2026?
Operating profit was $42.0M (0.9% of revenue) and net earnings $11.0M.
Source: Macy's 10-Q on SEC EDGAR.