Filing Flows › Macy's (M) › Q4 FY26
Macy's (M) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Mar 27, 2026
Macy's (M) reported revenue of $7.9B for the fourth quarter fiscal 2026 (Q4 FY26), -1% from a year earlier and +61% from the quarter before. Operating margin was 9.4%, net earnings $507M (6.4% of revenue).
Macy's, Q4 FY26: revenue $7.9B (-1% year over year), operating margin 9.4%, net earnings $507M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.9B | +61% | -1% |
| Operating profit | $745M | 18× | +49% |
| Net earnings | $507M | 46× | +48% |
| Operating cash flow | $1.2B | — | -10% |
| Free cash flow | $1.1B | — | -9% |
What changed
Revenue was $7.9B in Q4 FY26, down 1% year over year and up 61% from the previous quarter.
Operating profit was $0.74B, a 9.4% margin (up 3.2 points year over year). Total costs fell 4% while revenue fell 1%. Net earnings were $0.51B, up 48% year over year. The effective tax rate was 23.4%.
Operating cash flow was $1.2B (down 10% year over year), 233% 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 $0.44B. Capital expenditures of $0.10B left free cash flow of $1.1B.
Questions
What was Macy's revenue in the fourth quarter fiscal 2026?
Macy's (M) reported revenue of $7.9B for the fourth quarter fiscal 2026 (Q4 FY26), -1% from a year earlier and +61% from the quarter before.
Was Macy's profitable in the fourth quarter fiscal 2026?
Operating profit was $745M (9.4% of revenue) and net earnings $507M.
Source: Macy's 10-K on SEC EDGAR.