Friday 6 November 2026 Export VSXY’s income statement to Excel — free account

Victoria's Secret & Co.

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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106.56 2.39 −2.19%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Victoria's Secret & Co. (VSXY) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2026: revenue by regions, and margins
UNITED STATES	5,391	82.27%
Non-US	1,162	17.73%
Gross margin		36.38%
Operating margin		4.14%
Pre-tax margin		3.17%

Revenue by region $m

Line	FY2026	FY2025	FY2024	FY2023
UNITED STATES	5,391 82.27%	5,252 84.30%	5,272 85.28%	5,514 86.92%
Non-US	1,162 17.73%	978 15.70%	910 14.72%	830 13.08%
Revenue	6,553	6,230	6,182	6,344

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Adore Me stores	Q2 FY2027	3.00	5.00	−40.00%
Canada company-operated stores	Q2 FY2027	26.00	24.00	+8.33%
China joint venture beauty and accessories stores	Q2 FY2027	14.00	23.00	−39.13%
China joint venture full assortment stores	Q2 FY2027	47.00	40.00	+17.50%
China joint venture stores	Q2 FY2027	61.00	63.00	−3.17%
Company-operated stores	Q2 FY2027	788.00	787.00	+0.13%
Partner-operated beauty and accessories stores	Q2 FY2027	350.00	325.00	+7.69%
Partner-operated full assortment stores	Q2 FY2027	228.00	196.00	+16.33%
Partner-operated stores	Q2 FY2027	578.00	521.00	+10.94%
Stores and direct comparable sales increase (decrease)	Q2 FY2027	9.00%	4.00%	—
Stores only comparable sales increase (decrease)	Q2 FY2027	7.00%	4.00%	—
Total stores	Q2 FY2027	1.4K	1.4K	+3.92%
U.S. company-operated stores	Q2 FY2027	762.00	763.00	−0.13%

	Q2 FY2027	Q1 FY2027	Q4 FY2026	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025
Adore Me stores	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Canada company-operated stores	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
China joint venture beauty and accessories stores	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
China joint venture full assortment stores	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
China joint venture stores	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Company-operated stores	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Partner-operated beauty and accessories stores	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Partner-operated full assortment stores	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Partner-operated stores	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Stores and direct comparable sales increase (decrease)	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Stores only comparable sales increase (decrease)	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total stores	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
U.S. company-operated stores	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.