Victoria's Secret & Co.(VSCO)Earnings, Financials & Key Ratios

VSCO•NYSE

$77.84

40.3× P/E·Price updated Jul 6, 2026

SectorConsumer Cyclical IndustryApparel Retail Sub-IndustryIntimates and Lingerie Retailers

AboutVictoria's Secret & Co. operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands. As of March 2, 2022, it operated approximately 1,400 retail stores. The company was incorporated in 2021 and is headquartered in Reynoldsburg, Ohio.Show more

Revenue$6.55B+5.2%
EBITDA$278M-50.9%
Net Income$161M-2.5%
EPS (Diluted)1.93-5.4%
Gross Margin36.43%-0.6%
EBITDA Margin4.24%-53.3%
Operating Margin4.53%-9.0%
Net Margin2.45%-7.3%
ROE20.44%-31.7%

VSCO Price & Volume

Victoria's Secret & Co. (VSCO) stock price & volume — 10-year historical chart

Loading chart...

Volatile Revenue Growth Masks Structural Margin Risks

Investment Thesis • Updated 2026Q1

VerdictNegative

Growth:Mixed

Profitability:Strained

Financial:Vulnerable

Cash Flow:Mixed

Primary Risk:High Debt Leverage Sensitivity

Key Thesis Takeaways

Victoria's Secret faces a challenging path to sustainable profitability as its brand repositioning efforts struggle against persistent margin compression and high operational sensitivity.
While the company achieved a 15.3% revenue growth in 2026Q1, the reliance on promotional discounting to drive volume continues to pressure gross margins, which have fluctuated between 34.7% and 39.7% over the last ten quarters.
Investors should remain cautious regarding the company's long-term viability given the high debt-to-equity ratio of 3.37 and the erratic nature of its free cash flow generation.

Verdict Logic

the company's aggressive $100 million share repurchase program in 2026Q1 appears premature given the high debt-to-equity ratio of 3.37 and the significant volatility in quarterly operating cash flow.

VSCO Growth Metrics

Victoria's Secret & Co. (VSCO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years3.9%

3 Years1.09%

TTM9.51%

Profit CAGR

10 Years-

5 Years-

3 Years-22.68%

TTM59.6%

EPS CAGR

10 Years-

5 Years-

3 Years-22.46%

TTM56.01%

Return on Capital

10 Years7.13%

5 Years15.26%

3 Years9.02%

Last Year8.91%

VSCO Recent Earnings

Victoria's Secret & Co. (VSCO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 10/12 qtrs (83%)●Beat Revenue 8/12 qtrs (67%)

Q3 2026Latest

Jun 2, 2026

Metric

Actual

Est

EPS

$0.60+106.9%

$0.29

Rev

$1.6B+2.5%

$1.5B

Q2 2026

Mar 5, 2026

Metric

Actual

Est

EPS

$2.77+11.7%

$2.48

Rev

$2.3B+1.7%

$2.2B

Q4 2025

Dec 5, 2025

Metric

Actual

Est

EPS

$0.27+53.9%

$0.59

Rev

$1.5B+4.5%

$1.4B

Q3 2025

Aug 28, 2025

Metric

Actual

Est

EPS

$0.33+153.8%

$0.13

Rev

$1.5B+4.1%

$1.4B

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q3 2026Latest	Jun 2, 2026	$0.60vs $0.29+106.9%	$1.6Bvs $1.5B+2.5%
Q2 2026	Mar 5, 2026	$2.77vs $2.48+11.7%	$2.3Bvs $2.2B+1.7%
Q4 2025	Dec 5, 2025	$0.27vs $0.59+53.9%	$1.5Bvs $1.4B+4.5%
Q3 2025	Aug 28, 2025	$0.33vs $0.13+153.8%	$1.5Bvs $1.4B+4.1%

Based on last 12 quarters of dataView full earnings history →

Latest VSCO News

Recent stock market news and headlines for Victoria's Secret & Co. (VSCO)

Proactive Investors·Jun 17, 2026

Victoria's Secret seen poised for future earnings growth, says Bank of America while maintaining ‘Buy' rating

Victoria's Secret & Co. (NYSE:VSCO) could continue delivering strong earnings growth as sustained sales momentum supports margin expansion, according to Bank of America, which maintained its ‘Buy' rating on the retailer. Bank of America analysts wrote that recent sales trends have eased concerns about a potential slowdown following the company's first-quarter earnings beat and increased full-year guidance.

Proactive Investors - Finance·Jun 17, 2026

Victoria’s Secret seen poised for future earnings growth, says Bank of America while maintaining ‘Buy’ rating

Victoria's Secret & Co. (NYSE:VSCO) could continue delivering strong earnings growth as sustained sales momentum supports margin expansion, according to...

Peers Comparison

Key metrics vs top competitors for Victoria's Secret & Co. (VSCO)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
VSCOVictoria's Secret & Co.Current	$77.85	$6.18B	40.33	5.19%	2.45%	20.44%	—
AEOAmerican Eagle Outfitters, Inc.	$16.50	$2.76B	15.14	3.16%	5%	17.24%	—
ANFAbercrombie & Fitch Co.	$89.75	$4.03B	8.58	6.42%	9.34%	36.48%	—
CATOThe Cato Corporation	$3.30	$59.1M	-10.65	0.62%	0.4%	1.56%	—
HAFCHanmi Financial Corporation	$32.48	$966.81M	12.94	3.55%	18.42%	10.31%	—
PVHPVH Corp.	$76.83	$3.54B	144.96	3.44%	0.25%	0.45%	—

Compare VSCO vs Peers

Victoria's Secret & Co. (VSCO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AEO

Most directly comparable listed peer for VSCO.

Scale Benchmark

vs META

Larger-name benchmark to compare VSCO against a more recognizable public peer.

Peer Set

Compare Top 5

vs AEO, ANF, CATO, HAFC

VSCO SEC Filings & Documents

Victoria's Secret & Co. (VSCO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Jun 2, 2026·SEC

Material company update

May 21, 2026·SEC

Material company update

May 11, 2026·SEC

10-K Annual Reports

FY 2026

Mar 20, 2026·SEC

FY 2025

Mar 21, 2025·SEC

FY 2024

Mar 22, 2024·SEC

10-Q Quarterly Reports

FY 2026

Jun 5, 2026·SEC

FY 2025

Dec 5, 2025·SEC

FY 2025

Sep 5, 2025·SEC

Get notified when VSCO posts new earnings or crosses analyst targets

Free. No account needed. Unsubscribe any time.

VSCO Frequently Asked Questions

Victoria's Secret & Co. (VSCO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Victoria's Secret & Co.'s revenue?

Victoria's Secret & Co. (VSCO) reported $6.86B in revenue for fiscal year 2025. This represents a 9% decrease from $7.51B in 2019.

How fast is Victoria's Secret & Co. growing?

Victoria's Secret & Co. (VSCO) grew revenue by 5.2% over the past year. This is steady growth.

Is VSCO profitable?

Yes, Victoria's Secret & Co. (VSCO) is profitable, generating $242.0M in net income for fiscal year 2025 (2.5% net margin).

Dividend & Returns

What is VSCO's return on equity?

Victoria's Secret & Co. (VSCO) has a return on equity (ROE) of 20.4%. This is excellent, indicating efficient use of shareholder capital.

What is Victoria's Secret & Co.'s free cash flow?

Victoria's Secret & Co. (VSCO) generated $35.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in VSCO back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q3 2026Latest

Jun 2, 2026

$0.60vs $0.29+106.9%

$1.6Bvs $1.5B+2.5%

Q2 2026

Mar 5, 2026

$2.77vs $2.48+11.7%

$2.3Bvs $2.2B+1.7%

Q4 2025

Dec 5, 2025

$0.27vs $0.59+53.9%

$1.5Bvs $1.4B+4.5%

Q3 2025

Aug 28, 2025

$0.33vs $0.13+153.8%

$1.5Bvs $1.4B+4.1%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

VSCOVictoria's Secret & Co.Current

$77.85

$6.18B

40.33

5.19%

2.45%

20.44%

—

AEOAmerican Eagle Outfitters, Inc.

$16.50

$2.76B

15.14

3.16%

17.24%

—

ANFAbercrombie & Fitch Co.

$89.75

$4.03B

8.58

6.42%

9.34%

36.48%

—

CATOThe Cato Corporation

$3.30

$59.1M

-10.65

0.62%

0.4%

1.56%

—

HAFCHanmi Financial Corporation

$32.48

$966.81M

12.94

3.55%

18.42%

10.31%

—

PVHPVH Corp.

$76.83

$3.54B

144.96

3.44%

0.25%

0.45%

—