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

106.56 2.39 −2.19%
Market cap
$8.5B
P/E
23.9×
Fwd P/E
18.9×
Dividend yield
—
F-score
6/9
Altman Z
2.35
Beneish M
−2.63
Dividend safety
n/a

Victoria's Secret & Co. (VSXY) Gross margin

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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

Against its own ten years

Low 27.5% High 40.7%
Ten-year median 35.9%
Current reading's percentile 87

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

The full definition of Gross margin →

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