Growth Metrics

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

Victoria's Secret has reported Net Margin over the past 7 years, most recently at 8.81% for Q1 2026.

  • Quarterly results put Net Margin at 8.81% for Q1 2026, down 40.0% from a year ago — trailing twelve months through Jan 2026 was 2.9% (up 20.0% YoY), and the annual figure for FY2026 was 2.88%, up 17.0%.
  • Net Margin for Q1 2026 was 8.81% at Victoria's Secret, up from 2.11% in the prior quarter.
  • Over the last five years, Net Margin for VSCO hit a ceiling of 11.26% in Q1 2022 and a floor of 5.61% in Q4 2023.
  • Median Net Margin over the past 5 years was 1.67% (2022), compared with a mean of 2.93%.
  • Biggest five-year swings in Net Margin: tumbled -728bps in 2023 and later surged 233bps in 2024.
  • Victoria's Secret's Net Margin stood at 1.67% in 2022, then tumbled by -436bps to 5.61% in 2023, then grew by 27bps to 4.08% in 2024, then soared by 48bps to 2.11% in 2025, then soared by 519bps to 8.81% in 2026.
  • The last three reported values for Net Margin were 8.81% (Q1 2026), 2.11% (Q4 2025), and 1.23% (Q3 2025) per Business Quant data.