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

Victoria's Secret has reported Operating Margin for 7 years, with the latest figure at 15.95% in Q3 2026.

• On a quarterly basis, Operating Margin rose 1314.0% year-over-year to 15.95% in Q3 2026; TTM through Aug 2026 was 7.86%, a 335.0% increase from a year earlier, with the FY2026 full-year figure at 4.14%, down 84.0% from the prior year.
• Operating Margin was 15.95% for Q3 2026 at Victoria's Secret, up from 4.87% in the prior quarter.
• The five-year high for Operating Margin was 15.95% in Q3 2026, with the low at 5.3% in Q4 2023.
• Average Operating Margin over 5 years is 5.46%, with a median of 4.38% recorded in 2024.
• The sharpest annual moves came in 2023 and 2026: Operating Margin plunged 856 bps in 2023, then jumped 1314 bps in 2026.
• Over 5 years, Operating Margin stood at 3.26% in 2022, then slumped by 262 bps to 5.3% in 2023, then jumped by 34 bps to 3.49% in 2024, then soared by 63 bps to 1.29% in 2025, then jumped by 1336 bps to 15.95% in 2026.
• The last three Operating Margin figures came in at 15.95% (Q3 2026), 4.87% (Q2 2026), and 10.09% (Q1 2026), per Business Quant data.