Victoria's Secret & Co. (VSCO)

Victoria's Secret & Co. Income Statement

Financials in millions USD. Fiscal year is February - January.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan 31, 2026	Feb 1, 2025	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022
Revenue	6,553	6,230	6,182	6,344	6,785
Revenue Growth (YoY)	5.18%	0.78%	-2.55%	-6.50%	25.35%
Cost of Revenue	4,169	3,946	3,940	4,086	4,025
Gross Profit	2,384	2,284	2,242	2,258	2,760
Selling, General & Admin	2,113	1,974	1,996	1,780	1,890
Total Operating Expenses	2,113	1,974	1,996	1,780	1,890
Operating Income	271	310	246	478	870
Interest Expense	-70	-86	-99	-60	-27
Other Non-Operating Income (Expense)	7	-3	-	-1	-
Total Non-Operating Income (Expense)	-63	-89	-99	-61	-27
Pretax Income	208	221	147	417	843
Provision for Income Taxes	19	52	31	79	197
Net Income	161	165	109	348	646
Minority Interest in Earnings	28	4	7	-10	-
Net Income to Common	161	165	109	348	646
Net Income Growth	-2.42%	51.38%	-68.68%	-46.13%	-
Shares Outstanding (Basic)	80	79	78	82	88
Shares Outstanding (Diluted)	83	81	79	84	90
Shares Change (YoY)	2.47%	2.53%	-5.95%	-6.67%	2.27%
EPS (Basic)	2.00	2.11	1.41	4.24	7.34
EPS (Diluted)	1.93	2.05	1.39	4.14	7.18
EPS Growth	-5.85%	47.48%	-66.42%	-42.32%	-
Shares Outstanding	80	79	78	80	85
Free Cash Flow	312	247	133	273	682
Free Cash Flow Growth	26.32%	85.71%	-51.28%	-59.97%	24.68%
Free Cash Flow Per Share	3.76	3.05	1.68	3.25	7.58
Gross Margin	36.38%	36.66%	36.27%	35.59%	40.68%
Operating Margin	4.14%	4.98%	3.98%	7.53%	12.82%
Profit Margin	2.88%	2.71%	1.88%	5.33%	9.52%
FCF Margin	4.76%	3.96%	2.15%	4.30%	10.05%
EBITDA	509	568	530	752	1,173
EBITDA Margin	7.77%	9.12%	8.57%	11.85%	17.29%
EBIT	271	310	246	478	870
EBIT Margin	4.14%	4.98%	3.98%	7.53%	12.82%
Effective Tax Rate	9.13%	23.53%	21.09%	18.94%	23.37%

Updated Mar 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q