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Victoria's Secret (VSCO) Operating Expenses (2020 - 2025)

Historic Operating Expenses for Victoria's Secret (VSCO) over the last 6 years, with Q4 2025 value amounting to $555.0 million.

  • Victoria's Secret's Operating Expenses rose 776.7% to $555.0 million in Q4 2025 from the same period last year, while for Nov 2025 it was $2.0 billion, marking a year-over-year increase of 180.36%. This contributed to the annual value of $2.0 billion for FY2025, which is 110.22% down from last year.
  • Latest data reveals that Victoria's Secret reported Operating Expenses of $555.0 million as of Q4 2025, which was up 776.7% from $478.0 million recorded in Q3 2025.
  • Victoria's Secret's Operating Expenses' 5-year high stood at $567.0 million during Q1 2024, with a 5-year trough of $414.0 million in Q4 2022.
  • For the 5-year period, Victoria's Secret's Operating Expenses averaged around $481.9 million, with its median value being $474.5 million (2023).
  • Per our database at Business Quant, Victoria's Secret's Operating Expenses surged by 2351.35% in 2021 and then tumbled by 940.92% in 2022.
  • Quarter analysis of 5 years shows Victoria's Secret's Operating Expenses stood at $457.0 million in 2021, then dropped by 9.41% to $414.0 million in 2022, then rose by 19.32% to $494.0 million in 2023, then grew by 4.25% to $515.0 million in 2024, then grew by 7.77% to $555.0 million in 2025.
  • Its Operating Expenses was $555.0 million in Q4 2025, compared to $478.0 million in Q3 2025 and $454.0 million in Q2 2025.