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

Victoria's Secret's Gross Margin history runs 7 years deep, the most recent figure standing at 37.5% for Q2 2026.

• On a quarterly basis, Gross Margin rose 247.0% year-over-year to 37.5% in Q2 2026; TTM through May 2026 was 36.91%, a 66.0% increase from a year earlier, with the FY2026 full-year figure at 36.38%, down 28.0% from the prior year.
• Gross Margin steadied at 37.5% in Q2 2026 per VSXY's latest filing, from 37.68% in the prior quarter.
• Across five years, Gross Margin topped out at 39.65% in Q1 2024 and bottomed at 33.75% in Q4 2023.
• The 5-year median for Gross Margin is 35.63% (2025), against an average of 36.22%.
• Across the five-year window, Gross Margin sank 807 bps in 2022 and soared 284 bps in 2024, its largest moves.
• Year by year, Gross Margin stood at 34.67% in 2022, then fell by 3 bps to 33.75% in 2023, then increased by 3 bps to 34.74% in 2024, then increased by 5 bps to 36.41% in 2025, then rose by 3 bps to 37.5% in 2026.
• Per Business Quant, the three latest VSXY Gross Margin figures stand at 37.5% (Q2 2026), 37.68% (Q1 2026), and 36.41% (Q4 2025).