Annual report [Section 13 and 15(d), not S-K Item 405]

Revenue (Tables)

v3.26.1
Revenue (Tables)
 12 Months Ended
Jan. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Sales From Merchandise Category
Net sales by family of business 2025 2024 2023
(millions)
Women’s Accessories, Shoes, Cosmetics and Fragrances $ 9,128  $ 9,333  $ 9,520 
Women’s Apparel 4,764  4,826  4,861 
Men’s and Kids’ 4,659  4,753  4,918 
Home/Other (a) 3,213  3,381  3,793 
Total Net Sales 21,764  22,293  23,092 
Credit card revenues, net 669  537  619 
Macy's Media Network revenue, net (b) 188  176  155 
Other Revenue 857  713  774 
Total Revenue $ 22,621  $ 23,006  $ 23,866 
(a)Other primarily includes restaurant sales, allowance for merchandise returns adjustments and breakage income from unredeemed gift cards.
(b)Macy's Media Network ("MMN") is an in-house media platform supporting both Macy's and Bloomingdale's customers through a broad variety of advertising formats running both on owned and operated platforms as well as offsite.
Schedule of Changes in the Liability for Unredeemed Gift Cards and Customer Loyalty Program Changes in the liability for unredeemed gift cards and customer loyalty programs are as follows:
2025 2024 2023
(millions)
Balance, beginning of year $ 353  $ 384  $ 399 
Liabilities issued but not redeemed (a) 245  287  326 
Revenue recognized from beginning liability (249) (318) (341)
Balance, end of year $ 349  $ 353  $ 384 
(a)Net of estimated breakage income.