Victoria's Secret (VSXY) Net Margin (2020 - 2026)
Victoria's Secret's Net Margin was 11.36% in fiscal Q2 2027 (quarter ended Aug 1, 2026), up 10.26 percentage points from 1.10% a year earlier and up 8.28 percentage points from the prior quarter.
Victoria's Secret (VSXY) Net Margin (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Victoria's Secret's Net Margin was 5.47% through Aug 1, 2026, up 3.06 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 2.46%, down 0.19 percentage points from FY2025.
- Net Margin shows a five-year change of +3.79 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Net Margin was 2.65% in FY2025 (+0.89 pp), 1.76% in FY2024 (-3.72 pp), 5.49% in FY2023 (-4.04 pp) and 9.52% in FY2022 (+10.85 pp).
- The fiscal Q2 2027 figure marks the highest quarterly Net Margin since fiscal Q4 2021.
- Compared with a year earlier, Net Margin was higher in six of the last eight quarters, with an average year-over-year change of +1.87 percentage points.
- The best year-over-year quarter for Net Margin over five years was fiscal Q2 2027 (a gain of 10.26 percentage points); the worst was fiscal Q3 2024 (a drop of 7.43 percentage points).
- Per Business Quant data, VSXY's Net Margin in the three fiscal quarters before Q2 2027 was 3.08% (Q1 2027), 8.11% (Q4 2026) and -2.51% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,659.84 Bn | 2,176.54 Bn | 104.83 Bn | 31.23% |
| 2 | Home Depot | 287.59 Bn | 280.83 Bn | 16.12 Bn | 9.96% |
| 3 | Tjx Companies | 147.38 Bn | 124.93 Bn | 5.07 Bn | 10.01% |
| 4 | Lowes Companies | 105.03 Bn | 97.99 Bn | 8.58 Bn | 9.24% |
| 5 | Ross Stores | 74.93 Bn | 57.86 Bn | 2.12 Bn | 13.59% |
| 6 | Target | 71.05 Bn | 65.64 Bn | 8.94 Bn | 7.07% |
| 7 | O Reilly Automotive | 70.25 Bn | 69.33 Bn | 2.52 Bn | 14.62% |
| 8 | Carvana | 69.96 Bn | 61.56 Bn | 1.38 Bn | 4.20% |
| 9 | Autozone | 46.92 Bn | 45.82 Bn | 2.52 Bn | 13.25% |
| 10 | Victoria's Secret | 7.14 Bn | 5.71 Bn | 759.00 Mn | 11.36% |
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 11.36% |
| May 2, 2026 | 3.08% |
| Jan 31, 2026 | 8.11% |
| Nov 1, 2025 | -2.51% |
| Aug 2, 2025 | 1.10% |
| May 3, 2025 | -0.15% |
| Feb 1, 2025 | 9.16% |
| Nov 2, 2024 | -4.16% |
| Aug 3, 2024 | 2.26% |
| May 4, 2024 | -0.29% |
| Feb 3, 2024 | 8.69% |
| Oct 28, 2023 | -5.61% |
| Jul 29, 2023 | -0.07% |
| Apr 29, 2023 | 0.07% |
| Jan 28, 2023 | 8.56% |
| Oct 29, 2022 | 1.82% |
| Jul 30, 2022 | 4.60% |
| Apr 30, 2022 | 5.46% |
| Jan 29, 2022 | 11.31% |
| Oct 30, 2021 | 5.20% |
Victoria's Secret Net 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=net-margin&ticker=VSXY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=VSXY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();