Victoria's Secret & Co (VSXY) Income Statement
VSXY FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsVSXY revenue and net income
Where VSXY's revenue goes
FY2026Each bar shows an amount and its share of revenue. VSXY kept 2.5% of revenue as net income.
VSXY profit margins
VSXY growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.2% | +1.1% | — | — |
| Gross profit | +4.4% | +1.8% | — | — |
| Operating income | −12.6% | −17.2% | — | — |
| Net income | −2.4% | −22.7% | — | — |
| EPS (diluted) | +6.5% | +3.9% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VSXY quarterly EPS vs estimates
Victoria's Secret beat the analyst EPS estimate in 6 of the last 7 quarters. Next report: December 4, 2026 (estimate $-0.02).
VSXY income statement
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | $6.55B | $6.23B | $6.18B | $6.34B |
| Cost of revenue | $4.17B | $3.95B | $3.94B | $4.09B |
| Gross profit | $2.38B | $2.28B | $2.24B | $2.26B |
| Sales, general & admin | $2.11B | $1.97B | $2.00B | $1.78B |
| Total operating expenses | $2.11B | $1.97B | $2.00B | $1.78B |
| Operating income | $271.0M | $310.0M | $246.0M | $478.0M |
| Interest expense | $70.0M | $86.0M | $99.0M | $60.0M |
| Income before taxes | $208.0M | $221.0M | $147.0M | $417.0M |
| Income taxes | $19.0M | $52.0M | $31.0M | $79.0M |
| Net income | $161.0M | $165.0M | $109.0M | $348.0M |
| EBITDA | $516.0M | $565.0M | $530.0M | $751.0M |
| EPS (diluted) | $2.77 | $2.60 | $2.58 | $2.47 |
| Gross margin | 36.4% | 36.7% | 36.3% | 35.6% |
| Operating margin | 4.1% | 5.0% | 4.0% | 7.5% |
| Net margin | 2.5% | 2.6% | 1.8% | 5.5% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.61B | $1.56B | $2.27B | $1.47B | $1.46B | $1.35B | $2.11B |
| Cost of revenue | $850.7M | $972.6M | $1.41B | $936.0M | $940.0M | $879.0M | $1.29B |
| Gross profit | $760.0M | $586.9M | $855.0M | $536.0M | $519.0M | $474.0M | $813.0M |
| Sales, general & admin | $502.0M | $509.0M | $626.0M | $555.0M | $478.0M | $454.0M | $545.0M |
| Total operating expenses | $500.2M | $504.9M | $626.0M | $555.0M | $478.0M | $454.0M | $545.0M |
| Operating income | $259.8M | $82.1M | $229.0M | −$19.0M | $41.0M | $20.0M | $268.0M |
| Interest expense | $14.7M | $14.9M | $17.0M | $18.0M | $18.0M | $17.0M | $20.0M |
| Income before taxes | $247.7M | $64.5M | $215.0M | −$37.0M | $24.0M | $6.0M | $244.0M |
| Income taxes | $59.6M | $7.5M | $15.0M | −$6.0M | $6.0M | $3.0M | $50.0M |
| Net income | $183.0M | $47.7M | $184.0M | −$37.0M | $16.0M | −$2.0M | $193.0M |
| EBITDA | $310.8M | $133.4M | $285.0M | $41.0M | $105.0M | $85.0M | $330.0M |
| EPS (diluted) | $0.95 | $0.09 | $2.77 | −$0.27 | $0.33 | $0.09 | $2.60 |
| Gross margin | 47.2% | 37.6% | 37.7% | 36.4% | 35.6% | 35.0% | 38.6% |
| Operating margin | 16.1% | 5.3% | 10.1% | −1.3% | 2.8% | 1.5% | 12.7% |
| Net margin | 11.4% | 3.1% | 8.1% | −2.5% | 1.1% | −0.1% | 9.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VSXY's financial statements (latest annual report filed January 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VSXY financial results
In fiscal year 2026 (ended January 31, 2026), Victoria's Secret reported revenue of $6.6 billion, up 5.2% from the year before. It had net income of $161.0 million (down 2.4%), a net profit margin of 2.5%. Diluted earnings per share came to $2.77.
See the VSXY stock overview for the latest quote and news, or the VSXY chart for price history and technical indicators.
VSXY income statement FAQ
What is Victoria's Secret's annual revenue?
Victoria's Secret reported total revenue of $6.6 billion for fiscal year 2026, which ended on January 31, 2026. That was up 5.2% from $6.2 billion the previous year.
Is Victoria's Secret profitable?
Yes. Victoria's Secret reported net income of $161.0 million in fiscal 2026, a net profit margin of 2.5%; its operating margin was 4.1%.
What is Victoria's Secret's gross margin?
Victoria's Secret's gross margin was 36.4% in fiscal 2026: for every $100 of revenue, Victoria's Secret kept $36 after the direct cost of its products and services.
What are Victoria's Secret's earnings per share?
Victoria's Secret earned $2.77 per diluted share in fiscal 2026, compared with $2.60 a year earlier.
When will Victoria's Secret report its next earnings?
Victoria's Secret is expected to report results for the quarter ending October 31, 2026 on December 4, 2026.
When does Victoria's Secret's fiscal year end?
Victoria's Secret's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on January 31, 2026.