NYSE$M
Macy's Inc · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Macy's reported Q4 2025 net sales of $7.64B with diluted EPS of $1.84, above guidance.
Comparable sales grew 1.8% with go-forward comps +2.0%; Bloomingdale's comps surged 9.9%. Net sales were $7.64B and diluted EPS $1.84 (adjusted $1.67). For fiscal 2025, the company returned to positive comps (+1.5%) with diluted EPS $2.32, exceeding guidance despite tariffs. Macy's ended with $1.2B cash and returned $448M to shareholders.
- Q4 net sales $7.64B; comparable sales +1.8%.
- Bloomingdale's comparable sales +9.9% in Q4.
- Q4 diluted EPS $1.84; adjusted EPS $1.67.
- FY2025 diluted EPS $2.32; comps +1.5%.
- Reimagine strategy expanding to 75 additional stores in 2026.
Headline financials
Revenue & EPS history
Macy's · Revenue · Quarterly
$7.64B
Revenue by segment
Macy's · $210M total across 2 segments · Q1 2026
- Credit card revenues, net$172M+11.7%81.9%
- Macy's Media Network revenue, net$38M-5.0%18.1%
Forward guidance
Fiscal 2026 guidance (detailed ranges in the release) targets continued go-forward comp growth and margin discipline under the Bold New Chapter transformation, including expanded Reimagine store rollout.
Tailwinds
- Returned to annual comparable sales growth in FY2025.
- Q4 EPS above company guidance.
- $1.2B cash; $0.8B free cash flow in FY2025.
- Bloomingdale's record holiday performance.
Headwinds
- Tariff headwinds cited for FY2025.
- Macy's banner comps still modest ex-Reimagine.
- Macro consumer uncertainty in department store sector.
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 Q4 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
| Quarter | Report date | Reaction (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% | — | — |
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