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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.

  • For Q1 2026, Operating Expenses rose 10.36% year-over-year to $959.0 million; the TTM value through Jan 2026 reached $2.3 billion, up 2.18%, while the annual FY2026 figure was $2.1 billion, 7.04% up from the prior year.
  • Operating Expenses for Q1 2026 was $959.0 million at Victoria's Secret, up from $555.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $959.0 million in Q1 2026 and troughed at $356.0 million in Q2 2025.
  • A 5-year average of $525.9 million and a median of $478.0 million in 2025 define the central range for Operating Expenses.
  • On a YoY basis, Operating Expenses climbed as much as 53.26% in 2025 and fell as far as 25.05% in 2025.
  • Year by year, Operating Expenses stood at $414.0 million in 2022, then increased by 19.32% to $494.0 million in 2023, then rose by 4.25% to $515.0 million in 2024, then rose by 7.77% to $555.0 million in 2025, then soared by 72.79% to $959.0 million in 2026.
  • Business Quant data shows Operating Expenses for VSCO at $959.0 million in Q1 2026, $555.0 million in Q4 2025, and $478.0 million in Q3 2025.