Victoria's Secret & Co.
VSXY Consumer Cyclical Apparel Retail
Victoria's Secret & Co.’s revenue for fiscal 2026 (year ended January 2026) was $6.6 billion, up 5.18% from fiscal 2025.
- Revenue
- +10.4%
- EPS
- +990.0%
- Free cash flow
- +272.7%
- Total debt
- −7.32%
Quarter to July 2026, against a year earlier
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Victoria's Secret & Co. (VSXY) Gross margin
Victoria's Secret & Co.'s gross margin over the twelve months to 31 July 2026 was 39.6%, up 3.2 percentage points from fiscal 2026 (36.4%). Over the past ten years it has ranged from 27.5% (fiscal 2020) to 40.7% (fiscal 2022); the current reading is higher than 75% of that period. That is below the Apparel Retail industry median of 41.9% and above the Consumer Cyclical sector median of 34.3%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2026 | 36.4% | (0.28) |
| FY2025 | 36.7% | 0.39 |
| FY2024 | 36.3% | 0.68 |
| FY2023 | 35.6% | (5.09) |
| FY2022 | 40.7% | 11.66 |
| FY2021 | 29.0% | 1.55 |
| FY2020 | 27.5% | (5.72) |
| FY2019 | 33.2% | — |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jul 2026 | 47.1% | 9.61 |
| Apr 2026 | 37.5% | (0.18) |
| Jan 2026 | 37.7% | 1.27 |
| Oct 2025 | 36.4% | 0.84 |
| 22 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| ANF Abercrombie & Fitch Company compare | 63.7% |
| LULU lululemon athletica inc. compare | 56.1% |
| BKE Buckle, Inc. (The) compare | 49.0% |
| BURL Burlington Stores, Inc. compare | 44.6% |
| GAP The Gap, Inc. compare | 43.3% |
| AEO American Eagle Outfitters, Inc. compare | 40.5% |
| VSXY Victoria's Secret & Co. | 39.6% |
| BOOT Boot Barn Holdings, Inc. compare | 38.6% |
| URBN Urban Outfitters, Inc. compare | 37.5% |
| Apparel Retail industry median | 41.9% |
| Consumer Cyclical sector median | 34.3% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement