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

Victoria's Secret's Operating Leases history runs 7 years deep, the most recent figure standing at $1.9 billion for Q1 2026.

• In Q1 2026, Operating Leases rose 30.47% year-over-year to $1.9 billion; the TTM figure through Jan 2026 stood at $1.9 billion (up 30.47% YoY), while the FY2026 annual figure was $1.9 billion, up 30.47% from the prior year.
• Operating Leases was $1.9 billion for Q1 2026 at Victoria's Secret, up from $1.6 billion in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $1.9 billion in Q1 2026 to a low of $1.2 billion in Q1 2023.
• Historically, Operating Leases has averaged $1.4 billion across 5 years, with a median of $1.3 billion in 2024.
• The sharpest annual moves came in 2022 and 2026: Operating Leases retreated 17.33% in 2022, then jumped 30.47% in 2026.
• A 5-year view of Operating Leases shows it stood at $1.2 billion in 2022, then gained by 5.97% to $1.3 billion in 2023, then increased by 11.65% to $1.4 billion in 2024, then increased by 8.61% to $1.6 billion in 2025, then climbed by 20.63% to $1.9 billion in 2026.
• The last three Operating Leases figures came in at $1.9 billion (Q1 2026), $1.6 billion (Q4 2025), and $1.6 billion (Q3 2025), per Business Quant data.