Macy'sM -0.27%69 Days Payable is 115.29 as of Apr. 2026, which is 61% above its 10-year median of 71.40. GuruFocus rates M with a GF Score™ of 69/100 and a GF Value™ of $16.03 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,102 Retail - Cyclical companies, Macy's ranks better than 81.94% on this metric.
Macy's's average Accounts Payable for the
three
months ended in Apr. 2026 was $3,614 Mil. Macy's's Cost of Goods Sold for the
three
months ended in Apr. 2026 was $2,860 Mil.
Hence, Macy's's Days Payable for the
three
months ended in Apr. 2026 was 115.29.
The historical rank and industry rank for Macy's's Days Payable or its related term are showing as below:
M'
s Days Payable Range Over the Past 10 Years
Min: 52.62 Med: 71.4 Max: 115.63
Current: 115.63
During the past 13 years, Macy's's highest Days Payable was 115.63. The lowest was 52.62. And the median was 71.40.
M's Days Payable is ranked better than 81.94% of 1102
companies
in the Retail - Cyclical industry
Industry Median: 51.215
vs M: 115.63
Macy's's Days Payable
declined
from Apr. 2025 (115.90) to Apr. 2026 (115.29).
It may suggest that Macy'saccelerated paying its suppliers.
Macy's Days Payable Related Terms
Macy's Days Payable Historical Data
* Premium members only.
The historical data trend for Macy's's Days Payable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Department Stores subindustry, Macy's's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Macy's Days Payable vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Macy's's Days Payable distribution charts can be found below:
* The bar in red indicates where Macy's's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Macy's's Days Payable for the fiscal year that ended in Jan. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Macy's (M) has a Days Payable of 115.29 as of Apr. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Macy's and its competitors. This is 61% above median its historical median of 71.40. Over the past decade, Macy's' Days Payable has ranged from 52.62 to 115.63. According to the industry distribution chart, Macy's ranks #199 out of 1102 companies in the Retail - Cyclical industry, placing it in the top 18.1%.
Is Macy's' Days Payable too high?
Macy's' current Days Payable of 115.29 is 61% above median its 10-year median of 71.40. Over the past 10 years, this metric has ranged from a low of 52.62 to a high of 115.63. The Retail - Cyclical industry median Days Payable is 51.22. Macy's' value of 115.29 is 125.1% above this industry median. Based on the distribution chart, Macy's ranks #199 out of 1102 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Macy's has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Macy's' Days Payable compare to PLBL and DDS?
According to the Retail - Cyclical industry distribution chart, Macy's ranks #199 out of 1102 companies for Days Payable. This places Macy's in the top 18% of its industry — outperforming the majority of peers. The industry median Days Payable is 51.22. Macy's' value of 115.29 is 125.1% above this benchmark. Historically, Macy's' own Days Payable has ranged from 52.62 to 115.63 over the past decade. While the company's 10-year median is 71.40 vs. the industry median of 51.22, Macy's has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 51.22, based on 1,102 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Macy's's current Days Payable of 115.29 is 125.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Macy's and its competitors. For the Retail - Cyclical industry, the median Days Payable is 51.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macy's's current Days Payable is 115.29, which is 61% above median its own 10-year median of 71.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macy's stock overvalued right now?
Based on GuruFocus' analysis, Macy's (M) is currently considered Significantly Overvalued. The stock's GF Value™ is $16.03, compared to a current price of $25.63 — trading 59.9% above its estimated fair value. The current Days Payable is 115.29, which is 61% above median its 10-year median of 71.40 and 125.1% above the Retail - Cyclical industry median of 51.22. Macy's' overall GF Score™ is 69/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Macy's (M), the current Days Payable is 115.29 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Macy's (M) Overvalued in 2026?
Based on GuruFocus' analysis, Macy's stock appears to be overvalued.
The current stock price of $25.63 is trading 59.9% above its estimated GF Value™ of $16.03.
GuruFocus considers Macy's to be Significantly Overvalued.
Key valuation signals for M:
Days Payable: 115.29 (61% above median its 10-year median of 71.40)
GF Value™: $16.03 vs. price of $25.63 (59.9% above fair value)
Industry Position: 125.1% above the Retail - Cyclical median (#199 of 1102)
No single metric tells the full story. See the M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1858 and based in New York City, Macy's operates about 430 eponymous stores, 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's names, and 170 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances constituted 64% of 2025 net retail sales.
69GF Score
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