Financials in USD. Standardized financial statements.
A compact view of how Victoria's Secret & Co. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue? | $6.55B | $6.23B | $6.18B | $6.34B | $6.79B | $5.41B | $7.51B | $8.10B |
| Revenue Growth? | +5.2% | +0.8% | -2.6% | -6.5% | +25.3% | -27.9% | -7.3% | 0.0% |
| Cost of Revenue? | $4.17B | $3.95B | $3.94B | $4.09B | $4.03B | $3.84B | $5.45B | $5.41B |
| Gross Profit? | $2.39B | $2.28B | $2.24B | $2.26B | $2.76B | $1.57B | $2.06B | $2.69B |
| Gross Margin? | +36.4% | +36.7% | +36.3% | +35.6% | +40.7% | +29.0% | +27.5% | +33.2% |
| Operating Expenses? | $2.09B | $1.97B | $2.00B | $1.78B | $1.89B | $1.67B | $2.23B | $2.29B |
| Operating Income? | $296.89M | $310.00M | $246.00M | $478.00M | $870.00M | -$101.00M | -$892.00M | $400.00M |
| EBITDA? | $296.89M | $565.00M | $530.00M | $751.00M | $1.17B | $226.00M | -$480.00M | $818.00M |
| Income Before Tax | $208.02M | $221.00M | $147.00M | $417.00M | $843.12M | -$106.00M | -$899.00M | $391.00M |
| Income Tax Expense | $19.14M | $52.00M | $31.00M | $79.00M | $196.74M | -$34.00M | -$2.00M | $140.00M |
| Net Income? | $160.86M | $165.00M | $109.00M | $348.00M | $646.00M | -$72.00M | -$897.00M | $251.00M |
| EPS? | $1.93 | $2.09 | $1.40 | $4.24 | $7.60 | $-0.79 | $-9.70 | $2.74 |
| Diluted EPS? | $1.93 | $2.04 | $1.39 | $4.14 | $7.18 | $-0.79 | $-9.70 | $2.74 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality