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Victoria's Secret (VSCO) Operating Expenses (2020 - 2026)

Victoria's Secret has reported Operating Expenses over the past 7 years, most recently at $959.0 million for Q1 2026.

  • Quarterly results put Operating Expenses at $959.0 million for Q1 2026, up 10.36% from a year ago — trailing twelve months through Jan 2026 was $2.3 billion (up 2.18% YoY), and the annual figure for FY2026 was $2.1 billion, up 7.04%.
  • Operating Expenses for Q1 2026 was $959.0 million at Victoria's Secret, up from $555.0 million in the prior quarter.
  • Over the last five years, Operating Expenses for VSCO hit a ceiling of $959.0 million in Q1 2026 and a floor of $356.0 million in Q2 2025.
  • Median Operating Expenses over the past 5 years was $478.0 million (2025), compared with a mean of $525.9 million.
  • Peak annual rise in Operating Expenses hit 53.26% in 2025, while the deepest fall reached 25.05% in 2025.
  • Victoria's Secret's Operating Expenses stood at $414.0 million in 2022, then grew by 19.32% to $494.0 million in 2023, then increased by 4.25% to $515.0 million in 2024, then increased by 7.77% to $555.0 million in 2025, then surged by 72.79% to $959.0 million in 2026.
  • The last three reported values for Operating Expenses were $959.0 million (Q1 2026), $555.0 million (Q4 2025), and $478.0 million (Q3 2025) per Business Quant data.