Victoria's Secret (VSXY) FCF Margin (2020 - 2026)

Victoria's Secret's (VSXY) quarterly FCF Margin came in at 12.24% in Q2 2026, up 202.0% year-on-year from 4.05% in Q2 2025, and down 142.81% quarter-over-quarter from 28.6% in Q1 2026.

Victoria's Secret (VSXY) FCF Margin (2020 - 2026) Analysis & Trends

Victoria's Secret's FCF Margin history runs 7 years deep, the most recent figure standing at 12.24% for Q2 2026.

  • On a quarterly basis, FCF Margin rose 202.0% year-over-year to 12.24% in Q2 2026; TTM through May 2026 was 4.64%, a 129.0% increase from a year earlier, with the FY2026 full-year figure at 4.76%, up 80.0% from the prior year.
  • FCF Margin eased to 12.24% in Q2 2026 per VSXY's latest filing, from 28.6% in the prior quarter.
  • Across five years, FCF Margin topped out at 33.5% in Q1 2023 and bottomed at 22.38% in Q4 2022.
  • The 5-year median for FCF Margin is 11.25% (2022), against an average of 0.64%.
  • Across the five-year window, FCF Margin plunged 1808 bps in 2022 and soared 1415 bps in 2023, its largest moves.
  • Year by year, FCF Margin stood at 22.38% in 2022, then climbed by 8 bps to 20.63% in 2023, then decreased by 8 bps to 22.2% in 2024, then grew by 29 bps to 15.76% in 2025, then climbed by 22 bps to 12.24% in 2026.
  • Per Business Quant, the three latest VSXY FCF Margin figures stand at 12.24% (Q2 2026), 28.6% (Q1 2026), and 15.76% (Q4 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Tjx Companies 169.48 Bn 163.90 Bn 4.48 Bn 3.19%
2 Ross Stores 74.91 Bn 70.31 Bn 1.80 Bn 13.88%
3 Burlington Stores 21.30 Bn 20.55 Bn 1.26 Bn -2.44%
4 Lululemon Athletica 12.32 Bn 10.51 Bn 2.00 Bn 26.36%
5 Gap 6.81 Bn 4.25 Bn 1.42 Bn 2.23%
6 Victoria's Secret 6.71 Bn 6.55 Bn 585.00 Mn -12.24%
7 Urban Outfitters 5.96 Bn 5.55 Bn 542.57 Mn -0.23%
8 Boot Barn Holdings 4.50 Bn 4.30 Bn 281.24 Mn 15.27%
9 Abercrombie & Fitch 4.04 Bn 3.43 Bn 682.63 Mn -1.53%
10 American Eagle Outfitters 2.94 Bn 2.70 Bn 651.06 Mn 19.73%

Historic Data

Download Data
DateValue
May 2, 2026 -12.24%
Jan 31, 2026 28.60%
Nov 1, 2025 -15.76%
Aug 2, 2025 6.03%
May 3, 2025 -14.26%
Feb 1, 2025 30.67%
Nov 2, 2024 -22.20%
Aug 3, 2024 3.88%
May 4, 2024 -11.41%
Feb 3, 2024 26.74%
Oct 28, 2023 -20.63%
Apr 29, 2023 -11.58%
Jan 28, 2023 33.50%
Oct 29, 2022 -22.38%
Jul 30, 2022 3.81%
Apr 30, 2022 -11.25%
Jan 29, 2022 19.35%
Oct 30, 2021 -4.30%
Jul 31, 2021 14.87%
May 1, 2021 5.34%