Victoria's Secret (VSXY) Net Margin (2020 - 2026)
Victoria's Secret (VSXY) posted quarterly Net Margin of 3.65% for Q2 2026, up 343.0% year-over-year from 0.82% in Q2 2025, and down 58.55% quarter-over-quarter from 8.81% in Q1 2026.
Victoria's Secret (VSXY) Net Margin (2020 - 2026) Analysis & Trends
Victoria's Secret's Net Margin history runs 7 years deep, the most recent figure standing at 3.65% for Q2 2026.
- In Q2 2026, Net Margin rose 343.0% year-over-year to 3.65%; the TTM figure through May 2026 stood at 3.61% (up 81.0% YoY), while the FY2026 annual figure was 2.88%, up 17.0% from the prior year.
- Net Margin for Q2 2026 stood at 3.65%, down from 8.81% in the prior quarter.
- The five-year high for Net Margin was 11.26% in Q1 2022, with the low at 5.61% in Q4 2023.
- The 5-year median for Net Margin is 1.96% (2022), against an average of 2.97%.
- The sharpest annual moves came in 2023 and 2026: Net Margin plunged 728 bps in 2023, then surged 343 bps in 2026.
- Victoria's Secret's Net Margin stood at 1.67% in 2022, then sank by 436 bps to 5.61% in 2023, then advanced by 27 bps to 4.08% in 2024, then jumped by 48 bps to 2.11% in 2025, then jumped by 273 bps to 3.65% in 2026.
- Business Quant data shows VSXY's Net Margin at 3.65% in Q2 2026, 8.81% in Q1 2026, and 2.11% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tjx Companies | 155.79 Bn | 150.21 Bn | 4.48 Bn | 9.30% |
| 2 | Ross Stores | 73.01 Bn | 68.88 Bn | 1.78 Bn | 10.81% |
| 3 | Burlington Stores | 20.93 Bn | 20.19 Bn | 1.26 Bn | 4.02% |
| 4 | Lululemon Athletica | 13.36 Bn | 11.84 Bn | 1.34 Bn | 7.89% |
| 5 | Gap | 7.23 Bn | 4.67 Bn | 1.42 Bn | 9.69% |
| 6 | Victoria's Secret | 7.03 Bn | 6.82 Bn | 585.00 Mn | 3.65% |
| 7 | Urban Outfitters | 6.38 Bn | 5.97 Bn | 542.57 Mn | 7.81% |
| 8 | Boot Barn Holdings | 4.90 Bn | 4.76 Bn | - | - |
| 9 | Abercrombie & Fitch | 4.70 Bn | 4.08 Bn | 682.63 Mn | 6.12% |
| 10 | American Eagle Outfitters | 2.69 Bn | 2.58 Bn | 456.17 Mn | 1.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 3.65% |
| Jan 31, 2026 | 8.81% |
| Nov 1, 2025 | -2.11% |
| Aug 2, 2025 | 1.23% |
| May 3, 2025 | 0.22% |
| Feb 1, 2025 | 9.21% |
| Nov 2, 2024 | -4.08% |
| Aug 3, 2024 | 2.26% |
| May 4, 2024 | -0.22% |
| Feb 3, 2024 | 8.83% |
| Oct 28, 2023 | -5.61% |
| Jul 29, 2023 | -0.07% |
| Apr 29, 2023 | 0.28% |
| Jan 28, 2023 | 8.51% |
| Oct 29, 2022 | 1.67% |
| Jul 30, 2022 | 4.40% |
| Apr 30, 2022 | 5.12% |
| Jan 29, 2022 | 11.26% |
| Oct 30, 2021 | 5.20% |
| Jul 31, 2021 | 9.36% |