Victoria's Secret (VSCO) Net Margin (2020 - 2026)
Victoria's Secret (VSCO) recorded quarterly Net Margin of 8.81% in Q1 2026, up 518.54% quarter-over-quarter from 2.11% in Q4 2025, and down 40.0% on a YoY basis from 14.69% in Q1 2025.
Victoria's Secret (VSCO) Net Margin (2020 - 2026) Analysis & Trends
Victoria's Secret's Net Margin history runs 7 years deep, the most recent figure standing at 8.81% for Q1 2026.
- In Q1 2026, Net Margin fell 40.0% year-over-year to 8.81%; the TTM figure through Jan 2026 stood at 2.9% (up 20.0% YoY), while the FY2026 annual figure was 2.88%, up 17.0% from the prior year.
- Net Margin was 8.81% for Q1 2026 at Victoria's Secret, up from 2.11% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 11.26% in Q1 2022 to a low of 5.61% in Q4 2023.
- Historically, Net Margin has averaged 2.93% across 5 years, with a median of 1.67% in 2022.
- The sharpest annual moves came in 2023 and 2024: Net Margin sank 728 bps in 2023, then soared 233 bps in 2024.
- A 5-year view of Net Margin shows it stood at 1.67% in 2022, then slumped by 436 bps to 5.61% in 2023, then climbed by 27 bps to 4.08% in 2024, then surged by 48 bps to 2.11% in 2025, then surged by 519 bps to 8.81% in 2026.
- The last three Net Margin figures came in at 8.81% (Q1 2026), 2.11% (Q4 2025), and 1.23% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tjx Companies | 177.75 Bn | 172.17 Bn | 4.48 Bn | 9.30% |
| 2 | Ross Stores | 74.23 Bn | 69.64 Bn | 1.80 Bn | 9.73% |
| 3 | Burlington Stores | 19.90 Bn | 19.15 Bn | 1.26 Bn | 4.02% |
| 4 | Lululemon Athletica | 13.59 Bn | 11.78 Bn | 2.00 Bn | 16.12% |
| 5 | Gap | 7.91 Bn | 5.35 Bn | 1.42 Bn | 9.69% |
| 6 | Urban Outfitters | 6.43 Bn | 5.73 Bn | 599.20 Mn | -25.17% |
| 7 | Boot Barn Holdings | 5.12 Bn | 4.92 Bn | 281.24 Mn | 12.16% |
| 8 | Victoria's Secret | 4.37 Bn | 3.90 Bn | 855.00 Mn | 8.81% |
| 9 | Abercrombie & Fitch | 3.57 Bn | 2.80 Bn | 1.10 Bn | 10.47% |
| 10 | American Eagle Outfitters | 2.83 Bn | 2.59 Bn | 651.06 Mn | -8.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 8.81% |
| Nov 1, 2025 | -2.11% |
| Aug 2, 2025 | 1.23% |
| May 3, 2025 | 0.22% |
| Feb 1, 2025 | 9.21% |
| Nov 2, 2024 | -4.08% |
| Aug 3, 2024 | 2.26% |
| May 4, 2024 | -0.22% |
| Feb 3, 2024 | 8.83% |
| Oct 28, 2023 | -5.61% |
| Jul 29, 2023 | -0.07% |
| Apr 29, 2023 | 0.28% |
| Jan 28, 2023 | 8.51% |
| Oct 29, 2022 | 1.67% |
| Jul 30, 2022 | 4.40% |
| Apr 30, 2022 | 5.12% |
| Jan 29, 2022 | 11.26% |
| Oct 30, 2021 | 5.20% |
| Jul 31, 2021 | 9.36% |
| May 1, 2021 | 11.20% |