What is the current annual gross margin of M?

As of today, M annual gross margin is 40.28%

What is 1-year change in M annual gross margin?

M annual gross margin is down -1.13% year-over-year

What is 3-year change in M annual gross margin?

M annual gross margin is down -2.04% over the past 3 years

How far is M annual gross margin from its all-time high?

M annual gross margin is currently -8.68% below its historical high of 44.11% set on January 30, 1999

How does M annual gross margin rank versus sector peers?

M annual gross margin is higher than 67.30% of companies in Consumer Cyclical sector

When is M next annual earnings release?

The next annual earnings release for M is on March 5, 2026

What is the current quarterly gross margin of M?

As of today, M quarterly gross margin is 41.89%

What is M quarterly gross margin most recent change?

M quarterly gross margin was down -0.24% on October 31, 2025

What is 1-year change in M quarterly gross margin?

M quarterly gross margin is up +0.72% year-over-year

How far is M quarterly gross margin from its all-time high?

M quarterly gross margin is currently -18.97% below its historical high of 51.70% set on January 29, 2000

How does M quarterly gross margin rank versus sector peers?

M quarterly gross margin is higher than 69.08% of companies in Consumer Cyclical sector

When is M next earnings release?

The next earnings release for M is on March 5, 2026

Macy'S, Inc. (M) Gross Margin History & Chart Since 1992

Annual Gross Margin

40.28%0.46%-1.13%

January 1, 2025

Summary

Current Value: As of today, M annual gross margin is 40.28%, down -1.13% on January 1, 2025
Historical Performance: M annual gross margin is down -2.04% over the past 3 years, and up +0.42% over the past 5 years
All-Time High Comparison: M annual gross margin is currently -8.68% below its historical high of 44.11% set on January 30, 1999
3-Year Low Comparison: M annual gross margin is +1.05% above its 3-year low of 39.86% reached on January 28, 2023
Sector Comparison: M annual gross margin is higher than 67.30% of companies in Consumer Cyclical sector

Gross Margin Chart

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Series

Performance

M Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Jan 1, 25	40.28%	-1.1%	-2.0%	+0.4%	-0.6%
Quarterly Gross Margin	Oct 31, 25	41.89%	+0.7%	+1.2%	+28.3%	+20.4%
Price	Jan 9, 26	$23.17	+44.5%	+13.4%	+88.7%	-0.6%
PE Ratio	Jan 9, 26	13.62	+75.3%	+219.7%	–	-11.5%
Annual Revenue	Jan 1, 25	$23.01B	-3.6%	-9.0%	-9.2%	-2.1%
Annual Gross Profit	Jan 1, 25	$9.27B	-4.7%	-11.3%	-8.8%	-2.6%
Annual Operating Margin	Jan 1, 25	4.07%	-28.0%	-54.8%	-11.3%	-34.3%
Annual Net Margin	Jan 1, 25	2.53%	+475.0%	-55.1%	+13.4%	+80.7%

Gross Margin Highs

M Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	41.12%	N/A	-2.0%
5Y	41.12%	Jan 29, 22	-2.0%
All	44.11%	Jan 30, 99	-8.7%

Gross Margin Lows

M Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	39.86%	Jan 28, 23	+1.1%
5Y	32.11%	Jan 31, 21	+25.4%
All	32.11%	Jan 31, 21	+25.4%

Gross Margin History

Year	Value	Change
2025	40.28%	-1.1%
2024	40.74%	+2.2%
2023	39.86%	-3.1%
2022	41.12%	+28.1%
2021	32.11%	-19.9%
2020	40.11%	-1.9%
2019	40.89%	+0.2%
2018	40.79%	-0.6%
2017	41.03%	+5.0%
2016	39.08%	-2.3%
2015	40.00%	-0.3%
2014	40.12%	-0.4%
2013	40.27%	-0.3%
2012	40.40%	-0.8%
2011	40.71%	+0.5%
2010	40.51%	+2.0%
2009	39.70%	-1.8%

Year	Value	Change
2008	40.42%	+1.2%
2007	39.94%	-1.6%
2006	40.61%	+0.2%
2005	40.53%	+0.3%
2004	40.39%	+0.9%
2003	40.04%	+2.4%
2002	39.10%	-2.7%
2001	40.17%	-0.2%
2000	40.26%	-8.7%
1999	44.11%	+1.3%
1998	43.56%	+3.1%
1997	42.25%	+1.7%
1996	41.54%	-1.6%
1995	42.22%	-1.9%
1994	43.05%	-2.2%
1993	44.03%	-

FAQ

What is the current annual gross margin of M?
As of today, M annual gross margin is 40.28%
What is 1-year change in M annual gross margin?
M annual gross margin is down -1.13% year-over-year
What is 3-year change in M annual gross margin?
M annual gross margin is down -2.04% over the past 3 years
How far is M annual gross margin from its all-time high?
M annual gross margin is currently -8.68% below its historical high of 44.11% set on January 30, 1999
How does M annual gross margin rank versus sector peers?
M annual gross margin is higher than 67.30% of companies in Consumer Cyclical sector
When is M next annual earnings release?
The next annual earnings release for M is on March 5, 2026

Quarterly Gross Margin

41.89%0.10%-0.24%

October 31, 2025

Summary

Current Value: As of today, M quarterly gross margin is 41.89%, down -0.24% on October 31, 2025
Historical Performance: M quarterly gross margin is up +0.72% year-over-year, and up +1.21% over the past 3 years
All-Time High Comparison: M quarterly gross margin is currently -18.97% below its historical high of 51.70% set on January 29, 2000
3-Year Low Comparison: M quarterly gross margin is +14.77% above its 3-year low of 36.50% reached on January 28, 2023
Sector Comparison: M quarterly gross margin is higher than 69.08% of companies in Consumer Cyclical sector

Performance

M Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Oct 31, 25	41.89%	-0.2%	+0.7%	+1.2%	+28.3%
Annual Gross Margin	Jan 1, 25	40.28%	–	-1.1%	-2.0%	+0.4%
Price	Jan 9, 26	$23.17	+34.1%	+44.5%	+13.4%	+88.7%
PE Ratio	Jan 9, 26	13.62	+38.7%	+75.3%	+219.7%	–
Quarterly Revenue	Oct 31, 25	$4.91B	-1.7%	+0.2%	-10.1%	+17.4%
Quarterly Gross Profit	Oct 31, 25	$2.06B	-1.9%	+0.9%	-9.1%	+50.7%
Quarterly Operating Margin	Oct 31, 25	0.69%	-77.7%	+235.3%	-78.4%	+126.2%
Quarterly Net Margin	Oct 31, 25	0.22%	-87.4%	-61.4%	-88.9%	+110.1%

Quarterly Gross Margin Highs

M Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	41.99%	Jul 1, 25	-0.2%
3Y	42.40%	Oct 31, 23	-1.2%
5Y	42.40%	Oct 31, 23	-1.2%
All	51.70%	Jan 29, 00	-19.0%

Quarterly Gross Margin Lows

M Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	37.67%	Jan 31, 25	+11.2%
3Y	36.50%	Jan 28, 23	+14.8%
5Y	32.64%	N/A	+28.3%
All	13.02%	Apr 1, 20	+221.7%

Quarterly Gross Margin History

Month	Value	Change
Oct 2025	41.89%	-0.2%
Jul 2025	41.99%	+0.7%
Apr 2025	41.69%	+10.7%
Jan 2025	37.67%	-9.4%
Oct 2024	41.59%	+9.0%
Jul 2024	38.17%	-7.1%
Apr 2024	41.08%	+6.8%
Jan 2024	38.47%	-9.3%
Oct 2023	42.40%	+6.4%
Jul 2023	39.85%	+4.8%
Apr 2023	38.02%	+4.2%
Jan 2023	36.50%	-11.8%
Oct 2022	41.39%	+0.1%
Jul 2022	41.34%	+8.1%
Apr 2022	38.24%	+6.1%
Jan 2022	36.03%	-8.3%
Oct 2021	39.31%	+1.2%
Jul 2021	38.86%	+7.9%
Apr 2021	36.01%	+10.1%
Jan 2021	32.72%	+0.2%
Oct 2020	32.64%	+57.1%
Jul 2020	20.77%	+59.5%
Apr 2020	13.02%	-63.4%
Jan 2020	35.61%	-4.5%
Oct 2019	37.29%	+2.1%
Jul 2019	36.54%	+1.8%
Apr 2019	35.89%	-1.3%
Jan 2019	36.38%	-3.9%
Oct 2018	37.84%	-1.1%
Jul 2018	38.26%	+4.8%
Apr 2018	36.52%	-2.3%
Jan 2018	37.39%	+0.4%
Oct 2017	37.23%	+0.2%
Jul 2017	37.15%	+4.2%
Apr 2017	35.66%	+1.5%
Jan 2017	35.15%	+0.2%
Oct 2016	35.07%	-3.8%
Jul 2016	36.45%	+5.4%
Apr 2016	34.57%	+0.5%
Jan 2016	34.39%	-2.2%
Oct 2015	35.17%	-3.9%
Jul 2015	36.58%	+4.9%
Apr 2015	34.87%	-6.9%
Jan 2015	37.47%	+7.2%
Oct 2014	34.96%	-6.4%
Jul 2014	37.35%	+7.1%
Apr 2014	34.88%	-7.7%
Jan 2014	37.81%	+7.8%
Oct 2013	35.09%	-6.7%
Jul 2013	37.59%	+7.9%
Apr 2013	34.84%	-7.7%
Jan 2013	37.74%	+7.4%
Oct 2012	35.13%	-6.8%
Jul 2012	37.69%	+8.7%
Apr 2012	34.67%	-8.5%
Jan 2012	37.90%	+9.4%
Oct 2011	34.63%	-7.1%
Jul 2011	37.28%	+7.9%
Apr 2011	34.56%	-8.7%
Jan 2011	37.84%	+8.8%
Oct 2010	34.79%	-5.3%
Jul 2010	36.75%	+7.3%
Apr 2010	34.25%	-9.4%
Jan 2010	37.80%	+9.6%
Oct 2009	34.49%	-3.3%
Jul 2009	35.67%	+10.6%
Apr 2009	32.26%	-8.4%
Jan 2009	35.22%	+4.6%

Month	Value	Change
Oct 2008	33.66%	-6.4%
Jul 2008	35.97%	+8.5%
Apr 2008	33.15%	-12.2%
Jan 2008	37.77%	+11.5%
Oct 2007	33.86%	-3.1%
Jul 2007	34.93%	+2.0%
Apr 2007	34.25%	-8.5%
Jan 2007	37.45%	+7.1%
Oct 2006	34.96%	-5.2%
Jul 2006	36.88%	+10.1%
Apr 2006	33.51%	-18.0%
Jan 2006	40.88%	+1.2%
Oct 2005	40.38%	-2.3%
Jul 2005	41.32%	+2.7%
Apr 2005	40.24%	-1.6%
Jan 2005	40.88%	+2.6%
Oct 2004	39.83%	-3.0%
Jul 2004	41.05%	+2.1%
Apr 2004	40.20%	-2.0%
Jan 2004	41.01%	+2.5%
Oct 2003	40.02%	-2.5%
Jul 2003	41.03%	+4.7%
Apr 2003	39.17%	-1.9%
Jan 2003	39.92%	+1.6%
Oct 2002	39.29%	-4.5%
Jul 2002	41.16%	+3.4%
Apr 2002	39.82%	-14.6%
Jan 2002	46.61%	+17.6%
Oct 2001	39.63%	-0.1%
Jul 2001	39.68%	-1.2%
Apr 2001	40.16%	-18.6%
Jan 2001	49.35%	+38.4%
Oct 2000	35.66%	-3.6%
Jul 2000	37.00%	+2.5%
Apr 2000	36.09%	-30.2%
Jan 2000	51.70%	+43.3%
Oct 1999	36.07%	-3.5%
Jul 1999	37.36%	+7.9%
Apr 1999	34.61%	-27.8%
Jan 1999	47.92%	+38.5%
Oct 1998	34.60%	-3.7%
Jul 1998	35.94%	+3.9%
Apr 1998	34.58%	-21.8%
Jan 1998	44.20%	+2.8%
Oct 1997	43.01%	-1.4%
Jul 1997	43.61%	+0.8%
Apr 1997	43.25%	+7.9%
Jan 1997	40.09%	-7.3%
Oct 1996	43.25%	+1.4%
Jul 1996	42.67%	-1.2%
Apr 1996	43.18%	+8.2%
Jan 1996	39.90%	-4.1%
Oct 1995	41.60%	-2.9%
Jul 1995	42.83%	-0.4%
Apr 1995	43.01%	+4.1%
Jan 1995	41.32%	-1.7%
Oct 1994	42.03%	-2.7%
Jul 1994	43.18%	+0.2%
Apr 1994	43.08%	+3.6%
Jan 1994	41.60%	-3.5%
Oct 1993	43.11%	-2.1%
Jul 1993	44.05%	-0.2%
Apr 1993	44.13%	-2.2%
Jan 1993	45.13%	+5.3%
Oct 1992	42.86%	-1.9%
Jul 1992	43.67%	+33.7%
Apr 1992	32.66%	-

FAQ

What is the current quarterly gross margin of M?
As of today, M quarterly gross margin is 41.89%
What is M quarterly gross margin most recent change?
M quarterly gross margin was down -0.24% on October 31, 2025
What is 1-year change in M quarterly gross margin?
M quarterly gross margin is up +0.72% year-over-year
How far is M quarterly gross margin from its all-time high?
M quarterly gross margin is currently -18.97% below its historical high of 51.70% set on January 29, 2000
How does M quarterly gross margin rank versus sector peers?
M quarterly gross margin is higher than 69.08% of companies in Consumer Cyclical sector
When is M next earnings release?
The next earnings release for M is on March 5, 2026

Gross Margin Formula

Gross Margin =

× 100%

Data Sources & References

M Official Website www.macysinc.com
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/794367/000162828025054900/0001628280-25-054900-index.htm
M Profile on Yahoo Finance finance.yahoo.com/quote/M
M Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/m