Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Victoria's Secret (VSCO) Gross Margin (2020 - 2026)

Victoria's Secret has reported Gross Margin over the past 7 years, most recently at 37.68% for Q1 2026.

  • For Q1 2026, Gross Margin fell 92.0% year-over-year to 37.68%; the TTM value through Jan 2026 reached 36.38%, down 27.0%, while the annual FY2026 figure was 36.38%, 28.0% down from the prior year.
  • Gross Margin for Q1 2026 was 37.68% at Victoria's Secret, up from 36.41% in the prior quarter.
  • Over five years, Gross Margin peaked at 39.65% in Q1 2024 and troughed at 33.75% in Q4 2023.
  • A 5-year average of 36.15% and a median of 35.57% in 2025 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: crashed -807bps in 2022 and later skyrocketed 284bps in 2024.
  • Year by year, Gross Margin stood at 34.67% in 2022, then decreased by -3bps to 33.75% in 2023, then grew by 3bps to 34.74% in 2024, then grew by 5bps to 36.41% in 2025, then rose by 3bps to 37.68% in 2026.
  • Business Quant data shows Gross Margin for VSCO at 37.68% in Q1 2026, 36.41% in Q4 2025, and 35.57% in Q3 2025.