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

Victoria's Secret (VSCO) has 6 years of Operating Expenses data on record, last reported at $222.0 million in Q4 2025.

  • For Q4 2025, Operating Expenses fell 56.89% year-over-year to $222.0 million; the TTM value through Nov 2025 reached $2.0 billion, up 5.31%, while the annual FY2025 figure was $2.0 billion, 1.1% down from the prior year.
  • Operating Expenses reached $222.0 million in Q4 2025 per VSCO's latest filing, down from $478.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $869.0 million in Q1 2025 and bottomed at $222.0 million in Q4 2025.
  • Average Operating Expenses over 5 years is $477.8 million, with a median of $470.5 million recorded in 2021.
  • The widest YoY moves for Operating Expenses: up 53.26% in 2025, down 56.89% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $457.0 million in 2021, then fell 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 plummeted by 56.89% to $222.0 million in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Expenses were $222.0 million in Q4 2025, $478.0 million in Q3 2025, and $454.0 million in Q2 2025.