Macy's Cash Flow Statement
NYSE: MConsumer DiscretionaryDepartment/Specialty Retail StoresUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Macy's free cash flow
In fiscal 2025, Macy's generated $1.43 billion of operating cash flow and spent $373.0 million on capital expenditures. That left free cash flow of $1.06 billion, a free-cash-flow margin of 4.7% of revenue. Free cash flow was up 39.1% from the prior year's $760.0 million.
Macy's returned $447.0 million to shareholders: $197.0 million in dividends and $250.0 million in share repurchases, equal to 42% of free cash flow. Free cash flow covered dividend payments 5.4 times.
Summary generated from market data by MetaCap's automated system. Methodology
Macy's cash flow statement (annual)
| Fiscal year (USD) | FY 20252026-01-31 | FY 20242025-02-01 | FY 20232024-02-03 | FY 20222023-01-28 | FY 20212022-01-29 | FY 20202021-01-30 | FY 20192020-02-01 | FY 20182019-02-02 | FY 20172018-02-03 | FY 20162017-01-28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 642.00M | 582.00M | 45.00M | 1.15B | 1.43B | -3.94B | 564.00M | 1.10B | 1.55B | 619.00M |
| Net Income growth (YoY) | +10.31% | +1193.33% | -96.07% | -19.86% | — | -799.29% | -48.63% | -29.39% | +151.21% | -42.15% |
| Depreciation & Amortization | 894.00M | 881.00M | 897.00M | 857.00M | 874.00M | 959.00M | 981.00M | 962.00M | 991.00M | 1.06B |
| Stock-Based Compensation | 59.00M | 58.00M | 47.00M | 54.00M | 55.00M | 31.00M | 38.00M | 63.00M | 58.00M | 61.00M |
| Change in Working Capital | -163.00M | 240.00M | 67.00M | 188.00M | 618.00M | -365.00M | 585.00M | 564.00M | 196.00M | -36.00M |
| Operating Cash Flow | 1.43B | 1.28B | 1.30B | 1.61B | 2.71B | 649.00M | 1.61B | 1.74B | 1.98B | 1.80B |
| Capital Expenditures | -373.00M | -518.00M | -631.00M | -888.00M | -354.00M | -338.00M | -902.00M | -657.00M | -487.00M | -596.00M |
| Investing Cash Flow | -639.00M | -592.00M | -913.00M | -1.17B | -370.00M | -325.00M | -1.00B | -456.00M | -351.00M | -243.00M |
| Dividends Paid | -197.00M | -192.00M | -181.00M | -173.00M | -90.00M | -117.00M | -466.00M | -463.00M | -461.00M | -459.00M |
| Share Repurchases | -250.00M | -1.00M | -38.00M | -601.00M | -500.00M | -1.00M | -1.00M | 0 | -1.00M | -316.00M |
| Debt Issued | 500.00M | 301.00M | 961.00M | 2.81B | 1.08B | 2.78B | 0 | 0 | — | — |
| Debt Repaid | -844.00M | -522.00M | -961.00M | -3.10B | -2.70B | -2.04B | -567.00M | -1.10B | — | — |
| Financing Cash Flow | -852.00M | -413.00M | -220.00M | -1.30B | -2.38B | 699.00M | -1.12B | -1.54B | -1.45B | -1.43B |
| Net Change in Cash | -61.00M | 273.00M | 172.00M | -850.00M | -39.00M | 1.02B | -517.00M | -265.00M | 158.00M | 188.00M |
| Free Cash Flow | 1.06B | 760.00M | 674.00M | 727.00M | 2.36B | 311.00M | 706.00M | 1.08B | 1.49B | 1.21B |
This table shows 10 annual periods of Macy's's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow M's reporting calendar. What is a cash flow statement?