Macy's, Inc. (M) Operating Margin: 4.47%
Is Macy's, Inc.’s operating margin high or low?
Macy's, Inc.'s operating margin of 4.47% is 13% below its 4-year average of 5.13%, around the middle of its 4-year range (1.26%–9.25%).
As of Tuesday, June 23, 2026. 5.18% above its 12-month average of 4.25%.
M Operating Margin Chart
Reported annual fiscal-period values; no daily interpolation.
M Average Operating Margin Chart
M Current vs Average Operating Margin Chart
M Operating Margin Metrics
OPERATING MARGIN
4.47%
OPERATING MARGIN AVG TTM
4.25%
OPERATING MARGIN AVG 3Y
3.25%
OPERATING MARGIN AVG 5Y
5.13%
OPERATING MARGIN AVG 10Y
2.86%
OPERATING MARGIN AVG 15Y
6.80%
OPERATING MARGIN AVG 20Y
6.91%
CURRENT VS TTM AVG
+5.18%
CURRENT VS 3Y AVG
+37.40%
CURRENT VS 5Y AVG
-12.87%
CURRENT VS 10Y AVG
+56.29%
CURRENT VS 15Y AVG
-34.30%
CURRENT VS 20Y AVG
-35.32%
M Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Macy's, Inc. (M) | $6.30B | 4.47% | 4.25% | 3.25% | 5.13% |
| LKQ Corporation (LKQ)vs › | $6.56B | 7.30% | 8.08% | 9.58% | 9.68% |
| Crocs, Inc. (CROX)vs › | $6.02B | 21.50% | 23.44% | 24.30% | 23.70% |
| Mohawk Industries, Inc. (MHK)vs › | $6.62B | 4.89% | 5.57% | 2.66% | 4.87% |
| Etsy, Inc. (ETSY)vs › | $7.11B | 14.26% | 13.15% | 2.70% | 9.23% |
| The Gap, Inc. (GAP)vs › | $7.36B | 8.44% | 7.31% | 4.49% | 2.76% |
| Chewy, Inc. (CHWY)vs › | $7.39B | 1.72% | 1.48% | 0.92% | 0.50% |
| Thor Industries, Inc. (THO)vs › | $3.79B | 2.54% | 3.68% | 5.50% | 5.69% |
| Abercrombie & Fitch Co. (ANF)vs › | $3.74B | 12.94% | 14.13% | 13.19% | 10.26% |
| CAVA Group, Inc. (CAVA)vs › | $9.03B | 7.17% | 5.60% | 0.32% | -1.86% |
Operating Efficiency
Gross Margin
36.5%
Operating Margin
4.5%
Macy's, Inc. Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Macy's, Inc. Operating Margin FAQ
- What is the operating margin for Macy's, Inc. (M)?
- The operating margin for M stock is 4.47%.
- Is Macy's, Inc.'s operating margin high or low?
- Macy's, Inc.'s operating margin of 4.47% is 13% below its 4-year average of 5.13%, around the middle of its 4-year range (1.26%–9.25%).
- What is the TTM average operating margin for Macy's, Inc. (M)?
- The TTM average operating margin for M stock is 4.25%.
- What is the 3Y average operating margin for Macy's, Inc. (M)?
- The 3Y average operating margin for M stock is 3.25%.
- What is the 5Y average operating margin for Macy's, Inc. (M)?
- The 5Y average operating margin for M stock is 5.13%.
- What is the 10Y average operating margin for Macy's, Inc. (M)?
- The 10Y average operating margin for M stock is 2.86%.
- What is the 15Y average operating margin for Macy's, Inc. (M)?
- The 15Y average operating margin for M stock is 6.80%.
- What is the 20Y average operating margin for Macy's, Inc. (M)?
- The 20Y average operating margin for M stock is 6.91%.
Macy's, Inc. Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2026-01-31 | 4.55% |
| 2025-02-01 | 3.95% |
| 2024-02-03 | 1.26% |
| 2023-01-28 | 6.64% |
| 2022-01-29 | 9.25% |
| 2021-01-30 | -24.73% |
| 2020-01-31 | 3.83% |
| 2019-01-31 | 6.75% |
| 2018-01-31 | 7.27% |
| 2017-01-31 | 5.16% |
| 2016-01-31 | 7.53% |
| 2015-01-31 | 9.96% |
| 2014-01-31 | 9.59% |
| 2013-01-31 | 9.61% |
| 2012-01-31 | 9.13% |
| 2011-01-31 | 7.58% |
| 2010-01-31 | 4.53% |
| 2009-01-31 | -17.59% |
| 2008-01-31 | 7.08% |
| 2007-01-31 | 6.81% |
| 2006-01-31 | 10.83% |
| 2005-01-31 | 8.87% |
| 2004-01-31 | 8.79% |
| 2003-01-31 | 8.70% |
| 2002-01-31 | 7.05% |
| 2001-01-31 | 10.16% |
| 2000-01-31 | 10.56% |
| 1999-01-31 | 9.47% |
| 1998-01-31 | 8.81% |
| 1997-01-31 | 5.86% |
About Macy's, Inc.
Macy's, Inc. is a prominent retail enterprise that employs an omnichannel strategy, serving customers through its extensive network of physical department stores, dedicated e-commerce websites, and convenient mobile applications. The company offers a broad assortment of merchandise, including apparel and accessories for men, women, and children, cosmetics, home furnishings, and other general consumer goods. As of January 29, 2022, Macy's operated 725 department stores domestically in locations such as the District of Columbia, Puerto Rico, and Guam. These stores are branded under several well-known names like Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingdale's The Outlet, Bloomies, and the beauty retailer bluemercury. Internationally, Macy's also extends its reach through licensing agreements, with operations in Dubai, United Arab Emirates, and Al Zahra, Kuwait. The company maintains a presence in the beauty and spa retail sector. Originally established in 1830, the company was previously known as Federated Department Stores, Inc. It officially changed its name to Macy's, Inc. in June 2007, and its corporate headquarters are located in New York, New York.
- Sector
- Consumer Cyclical
- Industry
- Department Stores
- CEO
- Antony Spring