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) Operating margin

Alert me on Operating margin

Victoria's Secret & Co.'s operating margin over the twelve months to 31 July 2026 was 7.86%, up 3.7 percentage points from fiscal 2026 (4.14%). Over the past ten years it has ranged from −11.9% (fiscal 2020) to 12.8% (fiscal 2022); the current reading is higher than 50% of that period. That is above the Apparel Retail industry median of 2.50% and above the Consumer Cyclical sector median of 3.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 4.14% (0.84)
FY2025 4.98% 1.00
FY2024 3.98% (3.55)
FY2023 7.53% (5.29)
FY2022 12.8% 14.69
FY2021 −1.87% 10.01
FY2020 −11.9% (21.75)
FY2019 9.87% —

Quarterly newest first

Period Operating margin Change (points)
Jul 2026 16.0% 11.08
Apr 2026 4.87% (5.22)
Jan 2026 10.1% 11.38
Oct 2025 −1.29% (4.10)
22 more quarters

Against its own ten years

Low −11.9% High 12.8%
Ten-year median 4.56%
Current reading's percentile 76

Operating margin against peers

Company Operating margin
BKE Buckle, Inc. (The) compare 20.8%
LULU lululemon athletica inc. compare 17.8%
BOOT Boot Barn Holdings, Inc. compare 13.8%
ANF Abercrombie & Fitch Company compare 13.7%
URBN Urban Outfitters, Inc. compare 11.3%
GAP The Gap, Inc. compare 11.0%
BURL Burlington Stores, Inc. compare 8.11%
VSXY Victoria's Secret & Co. 7.86%
AEO American Eagle Outfitters, Inc. compare 7.79%
Apparel Retail industry median 2.50%
Consumer Cyclical sector median 3.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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