Victoria's Secret (VSXY) Cost of Revenue (2020 - 2026)

Victoria's Secret has disclosed Cost of Revenue across 7 years of filings, most recently posting $975.0 million for Q2 2026.

• For the quarter ending Q2 2026, Cost of Revenue rose 10.92% year-over-year to $975.0 million; the trailing twelve-month figure through May 2026 stood at $4.3 billion (up 7.51% YoY), and the FY2026 full-year result was $4.2 billion, up 5.65% from the prior year.
• Cost of Revenue was $975.0 million for Q2 2026 at Victoria's Secret, down from $1.4 billion in the prior quarter.
• Over five years, Cost of Revenue peaked at $1.4 billion in Q1 2026 and troughed at $838.0 million in Q4 2023.
• The 5-year median for Cost of Revenue is $940.0 million (2023), against an average of $1.0 billion.
• The sharpest annual moves came in 2023 and 2026: Cost of Revenue slipped 5.93% in 2023, then rose 10.92% in 2026.
• Year by year, Cost of Revenue stood at $861.0 million in 2022, then decreased by 2.67% to $838.0 million in 2023, then climbed by 4.89% to $879.0 million in 2024, then rose by 6.48% to $936.0 million in 2025, then advanced by 4.17% to $975.0 million in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $975.0 million in Q2 2026, $1.4 billion in Q1 2026, and $936.0 million in Q4 2025.