Filing Flows › Macy's (M) › How it makes money
How Macy's (M) makes money
Macy's (M) made $5.1B of revenue in the second quarter fiscal 2027 (Q2 FY27), +1% from a year earlier. Of every dollar of revenue, 5¢ was left as operating profit, 3¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q2 FY27 | % of revenue |
|---|---|---|
| Revenue | $5.1B | 100.0% |
| Operating profit | $244M | 4.8% |
| Income tax | $58.0M | 1.1% |
| Net earnings | $169M | 3.3% |
| Operating cash flow | $294M | 5.8% |
| Free cash flow | $229M | 4.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 FY27 | $5.1B | +1% |
| Q1 FY27 | $4.9B | +2% |
| Q4 FY26 | $7.9B | -1% |
| Q3 FY26 | $4.9B | +0.2% |
| Q2 FY26 | $5.0B | -2% |
| Q1 FY26 | $4.8B | -4% |
| Q4 FY25 | $8.0B | -4% |
From Macy's 10-Q filed Sep 10, 2026 (on EDGAR).
Questions
How does Macy's make money?
Macy's (M) made $5.1B of revenue in the second quarter fiscal 2027 (Q2 FY27), +1% from a year earlier. Of every dollar of revenue, 5¢ was left as operating profit, 3¢ was left as net earnings.
What is Macy's profit margin?
Net earnings were $169M, 3.3% of revenue, in the second quarter fiscal 2027; the operating margin was 4.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.