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    <schemaVersion>X0708</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0000028917</cik>
        <entityName>DILLARD'S, INC.</entityName>
        <issuerAddress>
            <street1>1600 CANTRELL RD</street1>
            <city>LITTLE ROCK</city>
            <stateOrCountry>AR</stateOrCountry>
            <stateOrCountryDescription>ARKANSAS</stateOrCountryDescription>
            <zipCode>72201</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>5013765200</issuerPhoneNumber>
        <jurisdictionOfInc>TEXAS</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>DILLARDS INC</previousName>
            <previousName>DILLARD DEPARTMENT STORES INC</previousName>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

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            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>T.</middleName>
                <lastName>Dillard II</lastName>
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                <street1>1600 Cantrell Road</street1>
                <city>Little Rock</city>
                <stateOrCountry>AR</stateOrCountry>
                <stateOrCountryDescription>ARKANSAS</stateOrCountryDescription>
                <zipCode>72201</zipCode>
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                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Executive Officer</relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Alex</firstName>
                <lastName>Dillard</lastName>
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                <street1>1600 Cantrell Road</street1>
                <city>Little Rock</city>
                <stateOrCountry>AR</stateOrCountry>
                <stateOrCountryDescription>ARKANSAS</stateOrCountryDescription>
                <zipCode>72201</zipCode>
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                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
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            <relationshipClarification>President</relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mike</firstName>
                <lastName>Dillard</lastName>
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                <street1>1600 Cantrell Road</street1>
                <city>Little Rock</city>
                <stateOrCountry>AR</stateOrCountry>
                <stateOrCountryDescription>ARKANSAS</stateOrCountryDescription>
                <zipCode>72201</zipCode>
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            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Vice President</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Drue</firstName>
                <lastName>Matheny</lastName>
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                <street1>1600 Cantrell Road</street1>
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                <stateOrCountry>AR</stateOrCountry>
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                <zipCode>72201</zipCode>
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            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>T.</middleName>
                <lastName>Dillard III</lastName>
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                <street1>1600 Cantrell Road</street1>
                <city>Little Rock</city>
                <stateOrCountry>AR</stateOrCountry>
                <stateOrCountryDescription>ARKANSAS</stateOrCountryDescription>
                <zipCode>72201</zipCode>
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            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Senior Vice President</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Denise</firstName>
                <lastName>Mahaffy</lastName>
            </relatedPersonName>
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                <street1>1600 Cantrell Road</street1>
                <city>Little Rock</city>
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                <relationship>Director</relationship>
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        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Chris</firstName>
                <middleName>B.</middleName>
                <lastName>Johnson</lastName>
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                <street1>1600 Cantrell Road</street1>
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                <zipCode>72201</zipCode>
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            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Senior Vice President; Co-Principal Financial Officer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Phillip</firstName>
                <lastName>Watts</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>1600 Cantrell Road</street1>
                <city>Little Rock</city>
                <stateOrCountry>AR</stateOrCountry>
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                <zipCode>72201</zipCode>
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            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
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        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Dean</firstName>
                <middleName>L.</middleName>
                <lastName>Worley</lastName>
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                <street1>1600 Cantrell Road</street1>
                <city>Little Rock</city>
                <stateOrCountry>AR</stateOrCountry>
                <stateOrCountryDescription>ARKANSAS</stateOrCountryDescription>
                <zipCode>72201</zipCode>
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            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
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            <relationshipClarification>Vice President; General Counsel</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Brant</firstName>
                <lastName>Musgrave</lastName>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mike</firstName>
                <lastName>Litchford</lastName>
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                <zipCode>72201</zipCode>
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        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Tom</firstName>
                <lastName>Bolin</lastName>
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                <street1>1600 Cantrell Road</street1>
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                <zipCode>72201</zipCode>
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                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Vice President</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Annemarie</firstName>
                <lastName>Jazic</lastName>
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                <street1>1600 Cantrell Road</street1>
                <city>Little Rock</city>
                <stateOrCountry>AR</stateOrCountry>
                <stateOrCountryDescription>ARKANSAS</stateOrCountryDescription>
                <zipCode>72201</zipCode>
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                <relationship>Executive Officer</relationship>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Alexandra</firstName>
                <lastName>Lucie</lastName>
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                <street1>1600 Cantrell Road</street1>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <middleName>D.</middleName>
                <lastName>Stockman</lastName>
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                <firstName>Rob</firstName>
                <middleName>C.</middleName>
                <lastName>Holmes</lastName>
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                <street1>1600 Cantrell Road</street1>
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            <relatedPersonName>
                <firstName>J. C.</firstName>
                <lastName>Watts, Jr.</lastName>
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                <lastName>Connor</lastName>
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                <firstName>William</firstName>
                <middleName>E.</middleName>
                <lastName>Connor II</lastName>
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    <offeringData>
        <industryGroup>
            <industryGroupType>Retailing</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06b</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2026-06-04</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>true</isBusinessCombinationTransaction>
            <clarificationOfResponse>Merger of W.D. Company, Inc., an Arkansas corporation, with and into Dillard?s, Inc., with Dillard?s, Inc. surviving the merger.</clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>2386710625</totalOfferingAmount>
            <totalAmountSold>2386710625</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse>Estimated based on closing price of Dillard?s, Inc. Class A Common Stock on June 2, 2026.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>41</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
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                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
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            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
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                <dollarAmount>0</dollarAmount>
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            <clarificationOfResponse></clarificationOfResponse>
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        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>DILLARD'S, INC.</issuerName>
                <signatureName>/s/ Phillip R. Watts</signatureName>
                <nameOfSigner>Phillip R. Watts</nameOfSigner>
                <signatureTitle>Sr. VP, Co-Prin. Financial Officer &amp; Prin. Acc. Officer</signatureTitle>
                <signatureDate>2026-06-04</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
