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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

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

Victoria's Secret has reported Operating Margin over the past 7 years, most recently at 10.09% for Q1 2026.

  • For Q1 2026, Operating Margin fell 263.0% year-over-year to 10.09%; the TTM value through Jan 2026 reached 4.14%, down 83.0%, while the annual FY2026 figure was 4.14%, 84.0% down from the prior year.
  • Operating Margin for Q1 2026 was 10.09% at Victoria's Secret, up from 1.29% in the prior quarter.
  • Over five years, Operating Margin peaked at 15.3% in Q1 2022 and troughed at 5.3% in Q4 2023.
  • A 5-year average of 4.88% and a median of 3.26% in 2022 define the central range for Operating Margin.
  • Biggest five-year swings in Operating Margin: plummeted -856bps in 2023 and later soared 255bps in 2024.
  • Year by year, Operating Margin stood at 3.26% in 2022, then crashed by -262bps to 5.3% in 2023, then surged by 34bps to 3.49% in 2024, then skyrocketed by 63bps to 1.29% in 2025, then soared by 882bps to 10.09% in 2026.
  • Business Quant data shows Operating Margin for VSCO at 10.09% in Q1 2026, 1.29% in Q4 2025, and 2.81% in Q3 2025.