Filing Flows › Macy's (M) › Q4 FY25
Macy's (M) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Mar 21, 2025
Macy's (M) reported revenue of $8.0B for the fourth quarter fiscal 2025 (Q4 FY25), -4% from a year earlier and +63% from the quarter before. Operating margin was 6.2%, net earnings $342M (4.3% of revenue).
Macy's, Q4 FY25: revenue $8.0B (-4% year over year), operating margin 6.2%, net earnings $342M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.0B | +63% | -4% |
| Operating profit | $499M | +680% | — |
| Net earnings | $342M | 12× | — |
| Operating cash flow | $1.3B | — | +14% |
| Free cash flow | $1.2B | — | +19% |
What changed
Revenue was $8.0B in Q4 FY25, down 4% year over year and up 63% from the previous quarter.
Operating profit was $0.50B, a 6.2% margin (up 8.0 points year over year). Total costs fell 12% while revenue fell 4%. Net earnings were $0.34B. The effective tax rate was 21.6%.
Operating cash flow was $1.3B (up 14% year over year), 382% of net earnings. Non-cash charges added back $0.22B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.73B. Capital expenditures of $0.12B left free cash flow of $1.2B.
Questions
What was Macy's revenue in the fourth quarter fiscal 2025?
Macy's (M) reported revenue of $8.0B for the fourth quarter fiscal 2025 (Q4 FY25), -4% from a year earlier and +63% from the quarter before.
Was Macy's profitable in the fourth quarter fiscal 2025?
Operating profit was $499M (6.2% of revenue) and net earnings $342M.
Source: Macy's 10-K on SEC EDGAR.