Skip to content
MARKETS / NYSE / VSXY
NYSE · RETAIL-WOMEN'S CLOTHING STORES · LARGE CAP

Victoria's Secret & Co. VSXY

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$6.6B
▲ 5.2% YoY
$161.0M
▼ 2.4% YoY
$312.0M
▲ 26.3% YoY
In brief

What this company does

Victoria's Secret & Co. is a specialty retailer of women's intimates and other apparel and beauty products marketed under the Victoria's Secret, PINK and Adore Me brand names. It has approximately 860 company-operated stores in the United States, Canada and China, and more than 560 additional stores in approximately 70 countries operating under franchise, license and wholesale arrangements. The company operates as a single segment serving customers through stores and digital channels. The Victoria's Secret brand sells bras, panties, lingerie, sleepwear, swim, lounge and sport products, as well as prestige fragrances and body care. PINK is a lifestyle brand for young women that offers apparel, sleepwear, intimates, swim, beauty and accessories. Adore Me is a direct-to-consumer lingerie and apparel brand, and its DailyLook subsidiary, acquired through the Adore Me transaction, operates a digitally-based, premium subscription styling service for women's apparel and accessories. As of January 31, 2026, it employed approximately 33,000 associates, approximately 21,000 of whom were part-time.

Written from the business description in Victoria's Secret & Co.'s annual report to the U.S. Securities and Exchange Commission, filed 20 March 2026. Every sentence was checked against that document before publication.

Growth
USD 6.6B
Revenue, FY2025 · full 7-year series below
Revenue $B Net income $B
FY2025 · Revenue 6.6 · Net income 0.2
4.0B-0.4B-0.8B2019202020212022202320242025
Compound annual growth
+1.1%
+3.9%
−22.7%
−22.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +3.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
3 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 4.1% · Net 2.9%
5%10%-5%-10%2019202020212022202320242025
ROE
FY2025 · ROE 21.5%
50%100%2019202020212022202320242025

Each USD of equity produced 22 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 312.0
250.0M500.0M2019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks -4.0
100M200M2019202020212022202320242025

Total assetsUSD 5.0B
EquityUSD 856.0M
CashUSD 518.0M
Gross debtUSD 975.0M
Net debtUSD 457.0M
Current ratio1.25×

Net debt stands at 53% of equity.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B6.66.26.26.36.85.47.5
Operating income $B0.30.30.20.50.9−0.1−0.9
EBITDA $B0.50.60.50.81.20.2−0.5
Income tax $B0.00.10.00.10.2−0.0−0.0
Net income $B0.20.20.10.30.6−0.1−0.9
Free cash flow $B0.30.20.10.30.70.50.1
EPS, diluted $1.932.051.394.147.18−0.82−10.16
Dividend / sh $·······
Payout %·······
ROE %21.531.227.3108.7112.5−8.1·
Shares out B0.080.080.080.080.090.00·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 33 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 62 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Women's Clothing Stores
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsJanuary 30
Data on record since2019

Share this section

Download image