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.

  • For Q1 2026, Net Margin fell 40.0% year-over-year to 8.81%; the TTM value through Jan 2026 reached 2.9%, up 20.0%, while the annual FY2026 figure was 2.88%, 17.0% up from the prior year.
  • Net Margin for Q1 2026 was 8.81% at Victoria's Secret, up from 2.11% in the prior quarter.
  • Over five years, Net Margin peaked at 11.26% in Q1 2022 and troughed at 5.61% in Q4 2023.
  • A 5-year average of 2.93% and a median of 1.67% in 2022 define the central range for Net Margin.
  • Biggest five-year swings in Net Margin: crashed -728bps in 2023 and later soared 233bps in 2024.
  • Year by year, Net Margin stood at 1.67% in 2022, then crashed by -436bps to 5.61% in 2023, then increased by 27bps to 4.08% in 2024, then skyrocketed by 48bps to 2.11% in 2025, then skyrocketed by 519bps to 8.81% in 2026.
  • Business Quant data shows Net Margin for VSCO at 8.81% in Q1 2026, 2.11% in Q4 2025, and 1.23% in Q3 2025.