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USD millions

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

Revenue

22,621

23,006

23,866

25,449

25,399

17,346

24,560

24,971

24,939

25,908

27,079

28,105

Net income

642

582

1,146

1,430

(3,944)

564

1,108

1,566

627

1,072

1,526

Diluted EPS

2.32

2.07

0.16

4.08

4.55

(12.68)

1.81

3.56

5.10

2.02

3.22

4.22

Diluted shares

277

282

278

281

314

311

307

311

333

362

Operating cash flow

1,430

1,278

1,305

1,615

2,712

649

1,608

1,735

1,976

1,801

1,984

2,709

Capital expenditures

373

518

631

888

354

338

902

657

487

596

777

770

Free cash flow

1,057

760

674

727

2,358

311

706

1,078

1,489

1,205

1,207

1,939

Cash & equivalents

1,246

1,306

1,034

862

1,712

1,679

685

1,162

1,455

1,297

1,109

2,246

Total assets

16,238

16,402

16,246

16,866

17,590

17,706

21,172

19,194

19,583

19,851

20,576

21,330

Shareholders' equity

4,860

4,552

4,035

4,082

3,621

2,553

6,377

6,436

5,745

4,323

4,250

5,378

Macy's, Inc.

MCIK 000079436719 fiscal years

RevenueFY2025

$22.62B1.7%

Net incomeFY2025

$642.0M10.3%

Free cash flowFY2025

$1.06B39.1%

Diluted EPSFY2025

$2.3212.1%

Trends

FY2007–FY2025 · hover a year for its filing

Revenue & net incomeRevenueNet income

net margin 3.4% → 2.8%

MarginsNet marginFCF margin

FY2025: net 2.8% · free cash flow 4.7% of revenue

Cash flowOperating cash flowFree cash flow

FY2025: $1.43B operating cash − $373.0M capex = $1.06B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity -103% (FY2008) → 13% (FY2025) · on assets 4.0%

Financial statements

Annual Quarterly

USD millions, except per-share values; share counts in millions. Hover a value for its XBRL tag and filing accession.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	22,621	23,006	23,866	25,449	25,399	17,346	24,560	24,971	24,939	25,908	27,079	28,105
Net income	642	582	45	1,146	1,430	(3,944)	564	1,108	1,566	627	1,072	1,526
Diluted EPS	2.32	2.07	0.16	4.08	4.55	(12.68)	1.81	3.56	5.10	2.02	3.22	4.22
Diluted shares	277	282	278	281	314	311	311	311	307	311	333	362
Operating cash flow	1,430	1,278	1,305	1,615	2,712	649	1,608	1,735	1,976	1,801	1,984	2,709
Capital expenditures	373	518	631	888	354	338	902	657	487	596	777	770
Free cash flow	1,057	760	674	727	2,358	311	706	1,078	1,489	1,205	1,207	1,939
Cash & equivalents	1,246	1,306	1,034	862	1,712	1,679	685	1,162	1,455	1,297	1,109	2,246
Total assets	16,238	16,402	16,246	16,866	17,590	17,706	21,172	19,194	19,583	19,851	20,576	21,330
Shareholders' equity	4,860	4,552	4,035	4,082	3,621	2,553	6,377	6,436	5,745	4,323	4,250	5,378

As reported in SEC filings; a missing tag shows “—”, never zero. Free cash flow is operating cash flow − capex. Methodology