Company / Operating Margin
Victoria's Secret & Co. Operating Margin History
FY2021-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
4.0%
FY2025
5-year range
-11.9% / 12.8%
FY2021-FY2025
Trend
-47.1%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Declined from 12.8% to 4.0% over the past 2 years.
Based on SEC 10-K filings.
4.0% in FY2025 with a 3-year CAGR of +5.9%.
Declined from 12.8% to 4.0% over the past 2 years.
Operating Margin over time
Growth rates
- 3-Year Change
- +5.9pp
- 5-Year Change
- -
- 10-Year Change
- -
Key checks
Key Insights
- In FY2025, operating margin decreased 47.1% year-over-year.
- Peak operating margin was recorded in FY2023.
- Lowest operating margin in the period was in FY2021.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 4.0% | -47.1% |
| FY2024 | 7.5% | -41.3% |
| FY2023 | 12.8% | +785.6% |
| FY2022 | -1.9% | +84.3% |
| FY2021 | -11.9% | - |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026