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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.

  • Quarterly results put Operating Margin at 10.09% for Q1 2026, down 263.0% from a year ago — trailing twelve months through Jan 2026 was 4.14% (down 83.0% YoY), and the annual figure for FY2026 was 4.14%, down 84.0%.
  • Operating Margin for Q1 2026 was 10.09% at Victoria's Secret, up from 1.29% in the prior quarter.
  • Over the last five years, Operating Margin for VSCO hit a ceiling of 15.3% in Q1 2022 and a floor of 5.3% in Q4 2023.
  • Median Operating Margin over the past 5 years was 3.26% (2022), compared with a mean of 4.88%.
  • Biggest five-year swings in Operating Margin: crashed -856bps in 2023 and later surged 255bps in 2024.
  • Victoria's Secret's Operating Margin stood at 3.26% in 2022, then tumbled by -262bps to 5.3% in 2023, then skyrocketed by 34bps to 3.49% in 2024, then soared by 63bps to 1.29% in 2025, then surged by 882bps to 10.09% in 2026.
  • The last three reported values for Operating Margin were 10.09% (Q1 2026), 1.29% (Q4 2025), and 2.81% (Q3 2025) per Business Quant data.