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Financials · VSXY

Victorias Secret & Co. (VSXY) financials

For the twelve months ended Aug 1, 2026, Victorias Secret & Co. reported $6.91B of revenue and $378.00M of net income.

Revenue, TTM
$6.91B
Revenue growth, YoY
+10.3%
Net income, TTM
$378.00M
Net income growth, YoY
+150.3%
Net margin
5.5%
Free cash flow, TTM
$554.00M
EPS, diluted, TTM
$4.49
EPS growth, YoY
+138.8%
Cash
$522.00M
Total debt
$975.00M
P/E
22.43
P/S
1.23
Market cap
$8.48B
Annual revenue$6.55B
FY2019FY2025
Annual net income$161.00M
FY2019FY2025
Annual free cash flow$312.00M
FY2019FY2025

VSXY revenue and earnings growth

VSXY revenueQ2 2026$1.61B

Quarter YoY
+10.4%
QoQ
+3.3%
FY YoY
+5.2%
5Y CAGR
+3.9%

VSXY revenue was $1.61B in fiscal Q2 2026 (ended Aug 1, 2026), up 10.4% from a year earlier and up 3.3% from the prior quarter. For the full fiscal 2025 it was $6.55B, up 5.2% from fiscal 2024. Compound annual growth was +3.9% over 5 years. It rose in 3 of the last 6 fiscal years.

VSXY net incomeQ2 2026$183.00M

Quarter YoY
11x
QoQ
+281.3%
FY YoY
-2.4%

VSXY net income was $183.00M in fiscal Q2 2026 (ended Aug 1, 2026), up about 11-fold from a year earlier and up 281.3% from the prior quarter. For the full fiscal 2025 it was $161.00M, down 2.4% from fiscal 2024. It rose in 1 of the last 4 fiscal years.

VSXY EPSQ2 2026$2.18

Quarter YoY
+990.0%
QoQ
+289.3%
FY YoY
-5.9%

VSXY diluted EPS was $2.18 in fiscal Q2 2026 (ended Aug 1, 2026), up 990.0% from a year earlier and up 289.3% from the prior quarter. For the full fiscal 2025 it was $1.93, down 5.9% from fiscal 2024.

VSXY free cash flowQ2 2026$328.00M

Quarter YoY
+272.7%
FY YoY
+26.3%
5Y CAGR
-10.6%

VSXY free cash flow was $328.00M in fiscal Q2 2026 (ended Aug 1, 2026), up 272.7% from a year earlier. For the full fiscal 2025 it was $312.00M, up 26.3% from fiscal 2024. Compound annual growth was -10.6% over 5 years. It rose in 4 of the last 6 fiscal years.

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Income statement

Income statement
Line item
FY2025
Jan 31, 2026
FY2024
Feb 1, 2025
FY2023
Feb 3, 2024
FY2022
Jan 28, 2023
FY2021
Jan 29, 2022
FY2020
Jan 30, 2021
FY2019
Feb 1, 2020
Revenue$6.55B$6.23B$6.18B$6.34B$6.79B$5.41B$7.51B
Cost of revenue$4.17B$3.95B$3.94B$4.09B$4.03B$3.84B$5.45B
Gross profit$2.38B$2.28B$2.24B$2.26B$2.76B$1.57B$2.06B
Selling, general and admin$2.11B$1.97B$2.00B$1.78B$1.89B$1.67B$2.23B
Operating income$271.00M$310.00M$246.00M$478.00M$870.00M-$101.00M-$892.00M
Interest expense$70.00M$86.00M$99.00M$60.00M$27.00M$6.00M$8.00M
Pre-tax income$208.00M$221.00M$147.00M$417.00M$843.00M-$106.00M-$899.00M
Income tax$19.00M$52.00M$31.00M$79.00M$197.00M-$34.00M-$2.00M
Net income$161.00M$165.00M$109.00M$348.00M$646.00M-$72.00M-$897.00M
EPS, basic$2.00$2.11$1.41$4.24$7.34-$0.82-$10.16
EPS, diluted$1.93$2.05$1.39$4.14$7.18-$0.82-$10.16
Diluted shares83.0M81.0M79.0M84.0M90.0M88.0M88.0M

Balance sheet

Balance sheet
Line item
FY2025
Jan 31, 2026
FY2024
Feb 1, 2025
FY2023
Feb 3, 2024
FY2022
Jan 28, 2023
FY2021
Jan 29, 2022
FY2020
Jan 30, 2021
FY2019
Feb 1, 2020
Cash and equivalents$518.00M$227.00M$270.00M$427.00M$490.00M$335.00M$245.00M
Receivables$186.00M$159.00M$152.00M$141.00M$162.00M$121.00M-
Inventory$1.07B$955.00M$985.00M$1.05B$949.00M$701.00M-
Current assets$1.88B$1.44B$1.53B$1.74B$1.69B$1.24B-
Goodwill$367.00M$367.00M$367.00M$365.00M$0--
Total assets$5.01B$4.53B$4.60B$4.71B$4.34B$4.23B-
Current liabilities$1.51B$1.38B$1.61B$1.58B$1.70B$1.56B-
Short-term debt$4.00M$4.00M$4.00M$4.00M$4.00M$0-
Long-term debt$971.00M$973.00M$1.12B$1.27B$978.00M$97.00M-
Total debt$975.00M$977.00M$1.12B$1.27B$982.00M$97.00M-
Total liabilities$4.10B$3.87B$4.16B$4.31B$4.09B$3.34B-
Shareholders' equity$856.00M$664.00M$438.00M$401.00M$257.00M$891.00M$1.31B

Cash flow

Cash flow
Line item
FY2025
Jan 31, 2026
FY2024
Feb 1, 2025
FY2023
Feb 3, 2024
FY2022
Jan 28, 2023
FY2021
Jan 29, 2022
FY2020
Jan 30, 2021
FY2019
Feb 1, 2020
Operating cash flow$499.00M$425.00M$389.00M$437.00M$851.00M$674.00M$315.00M
Capital expenditures$187.00M$178.00M$256.00M$164.00M$169.00M$127.00M$225.00M
Free cash flow$312.00M$247.00M$133.00M$273.00M$682.00M$547.00M$90.00M
Investing cash flow-$184.00M-$153.00M-$254.00M-$555.00M-$169.00M-$123.00M-$243.00M
Financing cash flow-$24.00M-$315.00M-$291.00M$58.00M-$527.00M-$465.00M-$192.00M
Share repurchases$0$0$125.00M$250.00M$250.00M$0$0
Stock-based compensation$55.00M$60.00M$56.00M$48.00M$33.00M$25.00M$38.00M
Depreciation and amortization$238.00M$258.00M$284.00M$274.00M$303.00M--

Key ratios

Key ratios
Line item
FY2025
Jan 31, 2026
FY2024
Feb 1, 2025
FY2023
Feb 3, 2024
FY2022
Jan 28, 2023
FY2021
Jan 29, 2022
FY2020
Jan 30, 2021
FY2019
Feb 1, 2020
Revenue growth, YoY5.2%0.8%-2.6%-6.5%25.3%-27.9%-
Net income growth, YoY-2.4%51.4%-68.7%-46.1%---
EPS growth, YoY-5.9%47.5%-66.4%-42.3%---
Gross margin36.4%36.7%36.3%35.6%40.7%29.0%27.5%
Operating margin4.1%5.0%4.0%7.5%12.8%-1.9%-11.9%
Net margin2.5%2.6%1.8%5.5%9.5%-1.3%-11.9%
Free cash flow margin4.8%4.0%2.2%4.3%10.1%10.1%1.2%
Return on equity18.8%24.8%24.9%86.8%251.4%-8.1%-68.3%
Return on assets3.2%3.6%2.4%7.4%14.9%-1.7%-
Current ratio1.251.050.951.101.000.80-
Debt to equity1.141.472.573.183.820.11-

Source: XBRL data Victorias Secret & Co. files with the SEC, latest filing dated Sep 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

VSXY peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
VSXY$6.91B+10.3%$378.00M5.5%$8.48B
TJX$62.36B+7.7%$6.07B9.7%$152.45B
ROST$24.51B+14.0%$2.66B10.8%$75.14B
GAP$15.33B+1.1%$1.25B8.1%$7.87B
URBN$6.47B+11.0%$569.06M8.8%$7.50B
ANF$5.34B+4.7%$535.98M10.0%$6.69B
BOOT$2.42B+16.8%$252.86M10.4%$4.15B
AEO$5.75B+9.2%$336.86M5.9%$3.41B
BKE$1.33B+6.2%$220.84M16.6%$2.29B

VSXY FAQ

9 questions
  • What is VSXY revenue?
    Victorias Secret & Co. (VSXY) reported $6.91B of revenue for the twelve months ended Aug 1, 2026. That is up 10.3% from the year before. Revenue for fiscal 2025 was $6.55B.
  • Is VSXY profitable?
    Yes. Victorias Secret & Co. earned $378.00M in net income for the twelve months ended Aug 1, 2026, a net margin of 5.5%.
  • How much cash and debt does VSXY have?
    Victorias Secret & Co. reported $522.00M in cash and cash equivalents and $975.00M of debt on its most recent balance sheet in SEC filings.
  • How fast is VSXY revenue growing?
    Victorias Secret & Co.'s revenue changed +5.2% in fiscal 2025, to $6.55B. Its compound annual growth rate was +3.9% over 5 years.
  • What is VSXY gross margin?
    Victorias Secret & Co.'s gross profit was $2.73B on $6.91B of revenue for the twelve months ended Aug 1, 2026, a gross margin of 39.6%.
  • What is VSXY free cash flow?
    Victorias Secret & Co. generated $554.00M of free cash flow for the twelve months ended Aug 1, 2026, which is operating cash flow of $758.00M less capital expenditures.
  • What is VSXY earnings per share?
    Diluted earnings per share were $4.49 for the twelve months ended Aug 1, 2026, from SEC filings, restated for any stock split those filings show.
  • When did VSXY last report financial results?
    The latest statements here come from Victorias Secret & Co.'s 10-Q filed on Sep 4, 2026, covering the period ended Aug 1, 2026.
  • Where does this VSXY financial data come from?
    Quantisnow builds these statements from the structured XBRL data Victorias Secret & Co. files with the SEC. It is provided for information only and is not investment advice.