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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.

  • Quarterly results put Gross Margin at 37.68% for Q1 2026, down 92.0% from a year ago — trailing twelve months through Jan 2026 was 36.38% (down 27.0% YoY), and the annual figure for FY2026 was 36.38%, down 28.0%.
  • Gross Margin for Q1 2026 was 37.68% at Victoria's Secret, up from 36.41% in the prior quarter.
  • Over the last five years, Gross Margin for VSCO hit a ceiling of 39.65% in Q1 2024 and a floor of 33.75% in Q4 2023.
  • Median Gross Margin over the past 5 years was 35.57% (2025), compared with a mean of 36.15%.
  • Biggest five-year swings in Gross Margin: tumbled -807bps in 2022 and later soared 284bps in 2024.
  • Victoria's Secret's Gross Margin stood at 34.67% in 2022, then dropped by -3bps to 33.75% in 2023, then rose by 3bps to 34.74% in 2024, then rose by 5bps to 36.41% in 2025, then increased by 3bps to 37.68% in 2026.
  • The last three reported values for Gross Margin were 37.68% (Q1 2026), 36.41% (Q4 2025), and 35.57% (Q3 2025) per Business Quant data.