Macy's Quarterly 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 the quarter ended Aug 1, 2026, Macy's generated $294.0 million of operating cash flow and spent $65.0 million on capital expenditures. That left free cash flow of $229.0 million, a free-cash-flow margin of 4.5% of revenue. Free cash flow was down 4.6% from the prior year's $240.0 million.
Macy's returned $104.0 million to shareholders: $51.0 million in dividends and $53.0 million in share repurchases, equal to 45% of free cash flow. Free cash flow covered dividend payments 4.5 times.
Summary generated from market data by MetaCap's automated system. Methodology
Macy's cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-08-01 | Q1 20262026-05-02 | Q4 20252026-01-31 | Q3 20252025-11-01 | Q2 20252025-08-02 | Q1 20252025-05-03 | Q4 20242025-02-01 | Q3 20242024-11-02 | Q2 20242024-08-03 | Q1 20242024-05-04 | Q4 20232024-02-03 | Q3 20232023-10-28 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 169.00M | 63.00M | 507.00M | 11.00M | 87.00M | 38.00M | 342.00M | 28.00M | 150.00M | 62.00M | -128.00M | 41.00M |
| Net Income growth (YoY) | +94.25% | +65.79% | +48.25% | -60.71% | -42.00% | -38.71% | — | -31.71% | — | -60.00% | -126.78% | -62.04% |
| Depreciation & Amortization | 206.00M | 210.00M | 222.00M | 235.00M | 218.00M | 219.00M | 224.00M | 228.00M | 213.00M | 216.00M | 232.00M | 232.00M |
| Stock-Based Compensation | 18.00M | 14.00M | 16.00M | 15.00M | 15.00M | 13.00M | 16.00M | 14.00M | 15.00M | 13.00M | 2.00M | 15.00M |
| Change in Working Capital | -26.00M | 19.00M | -331.00M | 236.00M | -31.00M | -282.00M | 91.00M | 206.00M | -90.00M | -254.00M | -39.00M | 121.00M |
| Operating Cash Flow | 294.00M | 292.00M | 1.18B | -8.00M | 319.00M | -64.00M | 1.31B | -167.00M | 8.00M | 129.00M | 1.15B | -113.00M |
| Capital Expenditures | -65.00M | -88.00M | -101.00M | -93.00M | -79.00M | -100.00M | -119.00M | -128.00M | -117.00M | -154.00M | -146.00M | -95.00M |
| Investing Cash Flow | -137.00M | -149.00M | -214.00M | -163.00M | -129.00M | -133.00M | -137.00M | -82.00M | -156.00M | -217.00M | -197.00M | -185.00M |
| Dividends Paid | -51.00M | -50.00M | -48.00M | -49.00M | -49.00M | -51.00M | -48.00M | -48.00M | -48.00M | -48.00M | -46.00M | -45.00M |
| Share Repurchases | -53.00M | -51.00M | -50.00M | -51.00M | -52.00M | -97.00M | -1.00M | 0 | 0 | 0 | 0 | 0 |
| Debt Issued | 0 | 0 | 0 | 0 | 500.00M | 0 | 125.00M | 176.00M | — | — | 650.00M | 311.00M |
| Debt Repaid | 0 | 0 | 0 | -194.00M | -650.00M | 0 | -211.00M | -311.00M | 0 | -1.00M | -810.00M | -152.00M |
| Financing Cash Flow | -156.00M | -95.00M | -169.00M | -212.00M | -293.00M | -178.00M | -179.00M | -82.00M | -82.00M | -70.00M | -280.00M | 224.00M |
| Net Change in Cash | 1.00M | 48.00M | 800.00M | -383.00M | -103.00M | -375.00M | 992.00M | -331.00M | -230.00M | -158.00M | 670.00M | -74.00M |
| Free Cash Flow | 229.00M | 204.00M | 1.08B | -101.00M | 240.00M | -164.00M | 1.19B | -295.00M | -109.00M | -25.00M | 1.00B | -208.00M |
This table shows 12 quarterly periods of Macy's's cash flow statement, from Q2 2026 back to Q3 2023, 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?