Company data sheet · Macy's
Macy's: left behind by its peers.
- Industry
- Department Stores
- Headquarters
- United States
- Ticker
- M (NYSE)
- Sources
- SEC filings (1995–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- Left behind by its peers. From 2016 to 2025, its revenue shrank 13% in US dollars; the median among 52 large retailers grew 74%. It outgrew only 6% of them.
- Still smaller than it was. Revenue reached $22.6 billion in fiscal 2026, 16% below its fiscal 2016 peak of $27.1 billion.
- Leaders came and went. Macy's filed 44 leadership changes since 2016, more than 94% of large retailers (the median is 25). The day after each, its shares rose a median 0.5 points against its sector.
- Four decisions on record. Stratrix has verified four of Macy's's big decisions, each with what happened next. The hardest year after: "Macy's Keeps Saying No to a Breakup. The Last Time It Said Yes, the Math Was a Mirage", with its shares 47 points behind the S&P 500 over the next year. The best: "Macy's Built a Smaller Store to Escape the Mall. It's Too Small to Save the Company", 30 points ahead of the S&P 500 over the next three years.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $27.1 billion | $1.1 billion | |
| 2017 | $25.9 billion | $0.6 billion | |
| 2018 | $24.9 billion | $1.6 billion | |
| 2019 | $25 billion | $1.1 billion | |
| 2020 | $24.6 billion | $0.6 billion | |
| 2021 | $17.3 billion | −$3.9 billion | |
| 2022 | $25.4 billion | $1.4 billion | |
| 2023 | $25.4 billion | $1.1 billion | |
| 2024 | $23.9 billion | $0 billion | |
| 2025 | $23 billion | $0.6 billion | |
| 2026 | $22.6 billion | $0.6 billion |
As reported in its annual filings. Losses in red.
Stratrix Decision Cases
- 2024Macy's Keeps Saying No to a Breakup. The Last Time It Said Yes, the Math Was a Mirage.
- 2024Macy's Spent 166 Years Pretending the Middleman Was Gone. Now It's Rebuilding Him
- 2023Macy's Built a Smaller Store to Escape the Mall. It's Too Small to Save the Company.
- 1986Macy's Went Bankrupt in 1992 With $3.7 Billion in Debt — Years Before Amazon Existed
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 61 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (48 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 71 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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