# Macy's (M) — Earnings

M · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/m/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2027 |
| Period end | Aug 1, 2026 |
| EPS actual | $0.63 |
| EPS estimate | $0.37 |
| EPS surprise | +69.99% |
| Revenue surprise | +1.27% |
| Revenue | $4.9B |
| Revenue estimate | $4.8B |
| Reported | Sep 10, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/794367/000162828026061320/m-20260801.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/a34d5870-14f1-8af1-8b9d-c517ebaffa1b.html) |

Macy's reported fiscal Q2 2027 results on September 10, 2026. Earnings per share were $0.63, ahead of the $0.37 estimate by 69.99%. Revenue was $4.9 billion against a $4.8 billion consensus. Compared with Q2 2026, EPS rose about 54% from $0.41 and revenue edged up from $4.8 billion.

Q4 is by far the largest quarter each year, with revenue of $7.6 billion to $8.7 billion, against $4.6 billion to $5.6 billion in the other quarters. Annual EPS declined across the full fiscal years in the table, from $4.48 in fiscal 2023 to $3.48 in 2024, $2.64 in 2025 and $2.33 in 2026. Annual revenue eased from $24.4 billion to $21.7 billion over the same span. The first half of fiscal 2027 totals $0.76 per share, about 33% more than a year earlier. Macy's beat the EPS estimate in all 20 quarters shown.

Macy's reported fiscal Q3 between November 16 and December 11 over the past five years, and in early to mid-December for the last two. That points to around early December 2026 for the next report. It will show how Q3 2027 compares with the $0.09 per share and $4.7 billion in revenue from Q3 2026.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2027 | Sep 10, 2026 | $0.37 | $0.63 | 69.99% | $4.8B | $4.9B |
| Q1 2027 | Jun 3, 2026 | $0.03 | $0.13 | 324.84% | $4.6B | $4.7B |
| Q4 2026 | Mar 18, 2026 | $1.57 | $1.67 | 6.09% | $7.5B | $7.6B |
| Q3 2026 | Dec 3, 2025 | −$0.13 | $0.09 | 168.81% | $4.6B | $4.7B |
| Q2 2026 | Sep 3, 2025 | $0.19 | $0.41 | 117.05% | $4.7B | $4.8B |
| Q1 2026 | May 28, 2025 | $0.15 | $0.16 | 6.81% | $4.4B | $4.6B |
| Q4 2025 | Mar 6, 2025 | $1.54 | $1.80 | 17.08% | $7.8B | $7.8B |
| Q3 2025 | Dec 11, 2024 | $0.03 | $0.04 | 30.72% | $4.7B | $4.7B |
| Q2 2025 | Aug 21, 2024 | $0.32 | $0.53 | 64.49% | $5.1B | $4.9B |
| Q1 2025 | May 21, 2024 | $0.17 | $0.27 | 55.26% | $4.8B | $4.8B |
| Q4 2024 | Feb 27, 2024 | $1.99 | $2.45 | 23.13% | $8.1B | $8.1B |
| Q3 2024 | Nov 16, 2023 | −$0.00 | $0.21 | 8850.00% | $4.8B | $4.9B |
| Q2 2024 | Aug 22, 2023 | $0.14 | $0.26 | 86.78% | $5.1B | $5.1B |
| Q1 2024 | Jun 1, 2023 | $0.45 | $0.56 | 23.54% | $5.0B | $5.0B |
| Q4 2023 | Mar 2, 2023 | $1.58 | $1.88 | 18.85% | $8.2B | $8.3B |
| Q3 2023 | Nov 17, 2022 | $0.18 | $0.52 | 184.31% | $5.2B | $5.2B |
| Q2 2023 | Aug 23, 2022 | $0.86 | $1.00 | 16.89% | $5.5B | $5.6B |
| Q1 2023 | May 26, 2022 | $0.82 | $1.08 | 30.96% | $5.3B | $5.3B |
| Q4 2022 | Feb 22, 2022 | $2.01 | $2.45 | 22.12% | $8.4B | $8.7B |
| Q3 2022 | Nov 18, 2021 | $0.31 | $1.23 | 291.35% | $5.2B | $5.4B |

## Frequently Asked Questions

### When did Macy's (M) last report earnings?

Macy's last reported on Sep 10, 2026, covering fiscal Q2 2027.

### Did M beat earnings estimates?

Yes. Macy's reported EPS of $0.63 for Q2 2027 against a $0.37 estimate — a 69.99% beat.

### How much revenue did M report last quarter?

Macy's reported $4.9B in revenue for Q2 2027, against a consensus estimate of $4.8B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).