Victoria's Secret (VSCO) Cost of Revenue (2020 - 2026)

Victoria's Secret's Cost of Revenue history runs 7 years deep, the most recent figure standing at $1.4 billion for Q1 2026.

• In Q1 2026, Cost of Revenue rose 9.36% year-over-year to $1.4 billion; the TTM figure through Jan 2026 stood at $4.2 billion (up 5.65% YoY), while the FY2026 annual figure was $4.2 billion, up 5.65% from the prior year.
• Cost of Revenue was $1.4 billion for Q1 2026 at Victoria's Secret, up from $936.0 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $1.4 billion in Q1 2026 to a low of $838.0 million in Q4 2023.
• Historically, Cost of Revenue has averaged $1.0 billion across 5 years, with a median of $940.0 million in 2023.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue increased 10.34% in 2022, then retreated 5.93% in 2023.
• A 5-year view of Cost of Revenue shows it stood at $861.0 million in 2022, then dropped by 2.67% to $838.0 million in 2023, then increased by 4.89% to $879.0 million in 2024, then advanced by 6.48% to $936.0 million in 2025, then surged by 51.07% to $1.4 billion in 2026.
• The last three Cost of Revenue figures came in at $1.4 billion (Q1 2026), $936.0 million (Q4 2025), and $940.0 million (Q3 2025), per Business Quant data.