Victoria's Secret & Co. (VSCO) Financial Statements
Industry: Women's Clothing Stores (Retail)
In fiscal 2025, Victoria's Secret reported revenue of $6.55B, up 5.2% from $6.23B the year before. Net income was $161.0M (a 2.5% net margin), or $1.93 per diluted share. Gross margin was 36.4% and operating margin was 4.1%. Operating activities generated $499.0M of cash, leaving $312.0M of free cash flow. At fiscal year end, Victoria's Secret held $5.01B in total assets against $4.10B in total liabilities, including $518.0M of cash and equivalents.
Open the full interactive Victoria's Secret financials → Quarterly statements, key ratios, valuation history and price charts.
Victoria's Secret Key Stats
| Share Price | $88.82 |
|---|---|
| Market Cap | $7.46B |
| P/E Ratio | 46.0 |
| Revenue YoY Growth | +5.2% |
| 52-Week Range | $29.06 – $99.97 |
| Shares Outstanding | 80.0 million (basic, 2026 Q2) |
Victoria's Secret Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $6.79B | $6.34B | $6.18B | $6.23B | $6.55B |
| Cost of Goods Sold | $4.03B | $4.09B | $3.94B | $3.95B | $4.17B |
| Gross Profit | $2.76B | $2.26B | $2.24B | $2.28B | $2.38B |
| Operating Income | $870.0M | $478.0M | $246.0M | $310.0M | $271.0M |
| Pre-Tax Income | $843.0M | $417.0M | $147.0M | $221.0M | $208.0M |
| Income Tax | $197.0M | $79.0M | $31.0M | $52.0M | $19.0M |
| Net Income | $646.0M | $348.0M | $109.0M | $165.0M | $161.0M |
| Diluted EPS | $7.18 | $4.14 | $1.39 | $2.05 | $1.93 |
Victoria's Secret Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.47B | $2.27B | $1.56B | $1.61B |
| Net Income | -$37.0M | $184.0M | $48.0M | $183.0M |
| Diluted EPS | -$0.46 | $2.22 | $0.56 | $2.18 |
Victoria's Secret Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $490.0M | $427.0M | $270.0M | $227.0M | $518.0M |
| Current Assets | $1.69B | $1.74B | $1.53B | $1.44B | $1.88B |
| Total Assets | $4.34B | $4.71B | $4.60B | $4.53B | $5.01B |
| Current Liabilities | $1.70B | $1.58B | $1.61B | $1.38B | $1.51B |
| Total Long-Term Debt | $982.0M | $1.27B | $1.12B | $977.0M | $975.0M |
| Total Liabilities | $4.09B | $4.31B | $4.16B | $3.87B | $4.10B |
| Shareholders' Equity | $257.0M | $383.0M | $417.0M | $640.0M | $856.0M |
Victoria's Secret Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $851.0M | $437.0M | $389.0M | $425.0M | $499.0M |
| Cash From Investing | -$169.0M | -$555.0M | -$254.0M | -$153.0M | -$184.0M |
| Cash From Financing | -$527.0M | $58.0M | -$291.0M | -$315.0M | -$24.0M |
| Free Cash Flow | $682.0M | $273.0M | $133.0M | $247.0M | $312.0M |
Figures from Victoria's Secret's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Victoria's Secret financials page for every line item.
Victoria's Secret Company Profile
| Ticker | VSCO |
|---|---|
| Exchange | NYSE |
| Industry | Women's Clothing Stores (Retail) |
| Headquarters | Reynoldsburg, Ohio |
| Fiscal Year End | January 30 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001856437 |
Frequently Asked Questions
What was Victoria's Secret's revenue in fiscal 2025?
Victoria's Secret (VSCO) reported revenue of $6.55B for fiscal 2025.
What is Victoria's Secret's annual revenue history?
Victoria's Secret's annual revenue by fiscal year: 2021: $6.79B; 2022: $6.34B; 2023: $6.18B; 2024: $6.23B; 2025: $6.55B.
What was Victoria's Secret's net income in fiscal 2025?
Victoria's Secret reported net income of $161.0M for fiscal 2025.
What was Victoria's Secret's earnings per share (EPS) in fiscal 2025?
Victoria's Secret's diluted EPS was $1.93 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Victoria's Secret generate in fiscal 2025?
Victoria's Secret generated $312.0M of free cash flow in fiscal 2025.
What was Victoria's Secret's revenue last quarter?
In its most recent reported quarter (2026 Q2), Victoria's Secret reported revenue of $1.61B.
How much debt does Victoria's Secret have?
Victoria's Secret reported $975.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Victoria's Secret are outstanding?
Victoria's Secret reported a weighted average of 80.0 million basic shares outstanding in 2026 Q2.
What is Victoria's Secret's market cap?
Based on its latest closing price, Victoria's Secret (VSCO) has a market capitalization of about $7.46B.
When does Victoria's Secret's fiscal year end?
Victoria's Secret's fiscal year end, as registered with the SEC, is January 30.
Where is Victoria's Secret headquartered?
Victoria's Secret lists its business address in Reynoldsburg, Ohio in its SEC filings.