NYSE$M

Macy's Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Macy's reported Q3 2025, revenue of $4760B, net income of $244.60B, diluted EPS of $0.86.

For Q3 2025, Macy's reported revenue of $4760B, net income of $244.60B, diluted EPS of $0.86. Management discussed segment trends, liquidity, and priorities for upcoming periods as disclosed in the quarterly filing.

  • Revenue $4760B.
  • Net income $244.60B.
  • Diluted EPS $0.86.

Headline financials

Total Revenue

$4.91B

Previous: $4.9B+0.2%
EPS (adj)

$0.86

Previous: $0.10+760.0%
Comparable sales growth (owned+licensed+marketplace)

3.2%

No prior period
Reimagine 125 comp sales (owned)

2.3%

No prior period
Comparable sales growth

2.5%

No prior period
Bluemercury comp sales

1.1%

No prior period
Bloomingdale's comp sales

8.8%

No prior period
Capital Expenditures

-$272M

Previous: -$399M+31.8%
Free Cash Flow

-$261M

Previous: -$371M+29.6%
Net Income

$11M

Previous: $28M-60.7%
Operating Income

$42M

Previous: $64M-34.4%
Gross Profit

$2.06B

Previous: $2.04B+0.9%
Cash & Equivalents

$447M

Previous: $315M+41.9%
Total Assets

$17.1B

Previous: $17.3B-1.3%

Revenue & EPS history

Macy's · Revenue · Quarterly

$4.91B

Q3 2025+0.2%vs Q3 2024
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Macy's · $210M total across 2 segments · Q1 2026

  • Credit card revenues, net
    $172M+11.7%
  • Macy's Media Network revenue, net
    $38M-5.0%

Forward guidance

Management discusses Macy's's outlook, capital deployment, and key risks as disclosed in the earnings materials and periodic report.

Tailwinds

  • Macy's cited execution on strategic priorities in the filing.
  • Balance sheet and liquidity support continued operations and investment.

Headwinds

  • Macro, competitive, and input-cost pressures may affect margins.
  • Segment mix and one-time items can affect sequential comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+1.4%

Avg return

Earnings day

+3.5%

Avg return

5 days after

+0.1%

Avg return

30 days after

59%

41 / 69 earnings

Positive

+23.9%

Q2 2021

Best reaction

-19.5%

Q1 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.7%+2.7%
Q4 2025+4.5%+6.6%+15.5%
Q3 2025-1.1%-2.6%+0.2%
Q2 2025+20.8%+26.7%+35.0%
Q1 2025+1.2%+1.0%+0.2%
Q4 2024-0.7%+3.0%-14.5%
Q3 2024-2.5%+0.0%-5.3%
Q2 2024-14.5%-11.2%-13.8%
Q1 2024+5.3%+5.7%-4.0%
Q4 2023-4.6%-6.7%+3.6%
Q3 2023+14.5%+18.6%+56.3%
Q2 2023-14.5%-18.0%-26.4%
Q1 2023+13.5%+17.0%+18.1%
Q4 2022+10.9%+3.4%-14.4%
Q3 2022+12.8%+19.8%+3.5%
Q2 2022-0.3%-0.7%-15.2%
Q1 2022+22.0%+23.1%+9.1%
Q4 2021-10.0%+2.6%+2.5%
Q3 2021+12.5%+9.0%-20.4%
Q2 2021+23.9%+29.9%+21.4%
Q1 2021-2.0%-5.0%-5.4%
Q4 2020+0.1%-0.5%+7.5%
Q3 2020+0.7%+20.8%+16.0%
Q2 2020+8.6%+9.1%-14.3%
Q1 2020-1.2%-3.9%-11.9%
Q4 2019-12.0%-14.4%-61.6%
Q3 2019+2.7%+2.3%+7.9%
Q2 2019-16.5%-16.7%-11.5%
Q1 2019-1.4%-1.0%-1.1%
Q4 2018+3.9%+0.5%-0.7%
Q3 2018-9.8%-7.6%-14.5%
Q2 2018-14.4%-8.6%-13.3%
Q1 2018+13.1%+15.6%+27.9%
Q4 2017+7.1%+10.8%+8.3%
Q3 2017+13.7%+12.1%+46.8%
Q2 2017-10.5%-11.9%-7.4%
Q1 2017-19.5%-22.2%-22.6%
Q4 2016+0.2%+2.7%-12.5%
Q3 2016+7.8%+7.8%+10.6%
Q2 2016+17.1%+19.7%+4.4%
Q1 2016-15.6%
Q4 2015+4.4%
Q3 2015-13.2%
Q2 2015-6.7%
Q1 2015-3.2%
Q4 2014-0.9%
Q3 2014+5.1%
Q2 2014-3.2%
Q1 2014-1.3%
Q4 2013+9.2%
Q3 2013+9.4%
Q2 2013-4.5%
Q1 2013+1.0%
Q4 2012+5.3%
Q2 2012+3.0%
Q3 2012+1.3%
Q1 2012+0.9%
Q4 2011+2.6%
Q3 2011+2.1%
Q2 2011-2.2%
Q1 2011-2.1%
Q1 2010-2.1%
Q4 2010+1.0%
Q4 2008+1.0%
Q3 2010+2.6%
Q3 2009+2.6%
Q2 2010+5.3%
Q2 2009+5.3%
Q4 2009+5.3%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro