Victoria's Secret (VSXY) Gross Margin (2020 - 2026)
Victoria's Secret's Gross Margin was 47.11% in fiscal Q2 2027 (quarter ended Aug 1, 2026), up 11.54 percentage points from 35.57% a year earlier and up 9.61 percentage points from the prior quarter.
Victoria's Secret (VSXY) Gross Margin (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Victoria's Secret's Gross Margin was 39.57% through Aug 1, 2026, up 3.27 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 36.38%, down 0.28 percentage points from FY2025.
- Gross Margin shows a five-year change of +7.36 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Gross Margin was 36.66% in FY2025 (+0.39 pp), 36.27% in FY2024 (+0.67 pp), 35.59% in FY2023 (-5.09 pp) and 40.68% in FY2022 (+11.66 pp).
- The fiscal Q2 2027 figure marks the highest quarterly Gross Margin in data going back to fiscal Q2 2021.
- Compared with a year earlier, Gross Margin was higher in five of the last eight quarters, with an average year-over-year change of +1.63 percentage points.
- The best year-over-year quarter for Gross Margin over five years was fiscal Q2 2027 (a gain of 11.54 percentage points); the worst was fiscal Q1 2023 (a drop of 8.07 percentage points).
- Per Business Quant data, VSXY's Gross Margin in the three fiscal quarters before Q2 2027 was 37.50% (Q1 2027), 37.68% (Q4 2026) and 36.41% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,659.84 Bn | 2,176.54 Bn | 104.83 Bn | 52.26% |
| 2 | Home Depot | 287.59 Bn | 280.83 Bn | 16.12 Bn | 33.67% |
| 3 | Tjx Companies | 147.38 Bn | 124.93 Bn | 5.07 Bn | 33.41% |
| 4 | Lowes Companies | 105.03 Bn | 97.99 Bn | 8.58 Bn | 33.04% |
| 5 | Ross Stores | 74.93 Bn | 57.86 Bn | 2.12 Bn | 33.83% |
| 6 | Target | 71.05 Bn | 65.64 Bn | 8.94 Bn | 33.67% |
| 7 | O Reilly Automotive | 70.25 Bn | 69.33 Bn | 2.52 Bn | 51.45% |
| 8 | Carvana | 69.96 Bn | 61.56 Bn | 1.38 Bn | 18.76% |
| 9 | Autozone | 46.92 Bn | 45.82 Bn | 2.52 Bn | 52.15% |
| 10 | Victoria's Secret | 7.14 Bn | 5.71 Bn | 759.00 Mn | 47.11% |
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 47.11% |
| May 2, 2026 | 37.50% |
| Jan 31, 2026 | 37.68% |
| Nov 1, 2025 | 36.41% |
| Aug 2, 2025 | 35.57% |
| May 3, 2025 | 35.03% |
| Feb 1, 2025 | 38.60% |
| Nov 2, 2024 | 34.74% |
| Aug 3, 2024 | 35.36% |
| May 4, 2024 | 36.87% |
| Feb 3, 2024 | 39.65% |
| Oct 28, 2023 | 33.75% |
| Jul 29, 2023 | 34.13% |
| Apr 29, 2023 | 35.68% |
| Jan 28, 2023 | 36.81% |
| Oct 29, 2022 | 34.67% |
| Jul 30, 2022 | 35.17% |
| Apr 30, 2022 | 35.18% |
| Jan 29, 2022 | 39.20% |
| Oct 30, 2021 | 39.21% |
Victoria's Secret Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=VSXY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "VSXY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=VSXY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();