Earnings Per Share

6 Months Ended

Aug. 02, 2025

The following table sets forth the computation of basic and diluted earnings per share:


	13 Weeks Ended
	August 2, 2025					August 3, 2024
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	87			271.0	$	150			276.7
Shares to be issued under deferred compensation and other plans					0.8					1.0
	$	87			271.8	$	150			277.7
Basic earnings per share			$	0.32				$	0.54
Effect of dilutive securities:
Restricted stock units					4.1					3.9
	$	87			275.9	$	150			281.6
Diluted earnings per share			$	0.31				$	0.53

	26 Weeks Ended
	August 2, 2025					August 3, 2024
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	124			273.8	$	212			276.0
Shares to be issued under deferred compensation and other plans					0.9					0.9
	$	124			274.7	$	212			276.9
Basic earnings per share			$	0.45				$	0.77
Effect of dilutive securities:
Restricted stock units					3.6					4.4
	$	124			278.3	$	212			281.3
Diluted earnings per share			$	0.44				$	0.75

In addition to the restricted stock units reflected in the foregoing table, stock options to purchase 5.9 million and 8.0 million shares of common stock and restricted stock units relating to 1.0 million and 0.3 million shares of common stock were outstanding at August 2, 2025 and August 3, 2024, respectively, but were not included in the computation of diluted earnings per share because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.

Macy's, Inc. 10-Q