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Victoria's Secret (VSXY)

NYSE Consumer Discretionary Apparel Retail S&P SmallCap 600
$108.05
+1.74 (+1.64%)
Close of Nov 06, 2026 · end-of-day data
Source: Victoria's Secret's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 03, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue$7.51B$5.41B$6.79B$6.34B$6.18B$6.23B$6.55B
Cost of revenue$5.45B$3.84B$4.03B$4.09B$3.94B$3.95B$4.17B
Gross profit$2.06B$1.57B$2.76B$2.26B$2.24B$2.28B$2.38B
Selling, general & admin$2.23B$1.67B$1.89B$1.78B$2.00B$1.97B$2.11B
Operating income-$892.00M-$101.00M$870.00M$478.00M$246.00M$310.00M$271.00M
Interest expense$8.00M$6.00M$27.00M$60.00M$99.00M$86.00M$70.00M
Pre-tax income-$899.00M-$106.00M$843.00M$417.00M$147.00M$221.00M$208.00M
Income tax-$2.00M-$34.00M$197.00M$79.00M$31.00M$52.00M$19.00M
Net income-$897.00M-$72.00M$646.00M$348.00M$109.00M$165.00M$161.00M
EBITDA-$481.00M$225.00M$1.17B$752.00M$530.00M$568.00M$509.00M
EPS (basic)$-10.16$-0.82$7.34$4.24$1.41$2.11$2.00
EPS (diluted)$-10.16$-0.82$7.18$4.14$1.39$2.05$1.93
Diluted shares88.00M88.00M90.00M84.00M79.00M81.00M83.00M
Gross margin27.5%29.0%40.7%35.6%36.3%36.7%36.4%
Operating margin-11.9%-1.9%12.8%7.5%4.0%5.0%4.1%
Net margin-11.9%-1.3%9.5%5.5%1.8%2.6%2.5%

Balance sheet

fiscal years · USD
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash & equivalents$245.00M$335.00M$490.00M$427.00M$270.00M$227.00M$518.00M
Receivables—$121.00M$162.00M$141.00M$152.00M$159.00M$186.00M
Inventory—$701.00M$949.00M$1.05B$985.00M$955.00M$1.07B
Total current assets—$1.24B$1.69B$1.74B$1.53B$1.44B$1.88B
Goodwill——$0$365.00M$367.00M$367.00M$367.00M
Total assets—$4.23B$4.34B$4.71B$4.60B$4.53B$5.01B
Total current liabilities—$1.56B$1.70B$1.58B$1.61B$1.38B$1.51B
Short-term debt—$0$4.00M$4.00M$4.00M$4.00M$4.00M
Long-term debt—$97.00M$978.00M$1.27B$1.12B$973.00M$971.00M
Total debt—$97.00M$982.00M$1.27B$1.12B$977.00M$975.00M
Total liabilities—$3.34B$4.09B$4.31B$4.16B$3.87B$4.10B
Shareholders' equity$1.31B$891.00M$257.00M$383.00M$417.00M$640.00M$856.00M

Cash flow

fiscal years · USD
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow$315.00M$674.00M$851.00M$437.00M$389.00M$425.00M$499.00M
Capital expenditures$225.00M$127.00M$169.00M$164.00M$256.00M$178.00M$187.00M
Free cash flow$90.00M$547.00M$682.00M$273.00M$133.00M$247.00M$312.00M
Investing cash flow-$243.00M-$123.00M-$169.00M-$555.00M-$254.00M-$153.00M-$184.00M
Financing cash flow-$192.00M-$465.00M-$527.00M$58.00M-$291.00M-$315.00M-$24.00M
Share buybacks$0$0$250.00M$250.00M$125.00M$0$0
Stock-based compensation$38.00M$25.00M$33.00M$48.00M$56.00M$60.00M$55.00M
Depreciation & amortization$411.00M$326.00M$303.00M$274.00M$284.00M$258.00M$238.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.