Victoria's Secret Income Statement
VSCO / Consumer Discretionary|7 years of annual SEC 10-K data (FY2019-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 7 fiscal years. All figures from audited SEC 10-K filings.
Victoria's Secret reported $6.6B in revenue and $161M in net income for FY2025. Revenue has declined at a 2.2% compound annual rate over the past 6 years.
Based on SEC 10-K filings.
Key Data Points
- High earnings quality (cash-backed earnings)
- Strong return on equity: 26.0%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $6.6B | $6.2B | $6.2B | $6.3B | $6.8B | $5.4B | $7.5B |
| Cost of Revenue | $4.2B | $3.9B | $3.9B | $4.1B | $4.0B | $3.8B | $5.4B |
| Gross Profit | $2.4B | $2.3B | $2.2B | $2.3B | $2.8B | $1.6B | $2.1B |
| SG&A Expense | $2.1B | $2.0B | $2.0B | $1.8B | $1.9B | $1.7B | $2.2B |
| Operating Income | $271.0M | $310.0M | $246.0M | $478.0M | $870.0M | -$101.0M | -$892.0M |
| Interest Expense | - | - | $99.0M | $60.0M | $27.0M | $6.0M | $8.0M |
| Income Tax | $19.0M | $52.0M | $31.0M | $79.0M | $197.0M | -$34.0M | -$2.0M |
| Net Income | $161.0M | $165.0M | $109.0M | $348.0M | $646.0M | -$72.0M | -$897.0M |
| EPS (Basic) | $1.41 | $4.24 | $7.34 | -$0.82 | -$10.16 | -$0.82 | -$10.16 |
| EPS (Diluted) | $1.39 | $4.14 | $7.18 | -$0.82 | -$10.16 | -$0.82 | -$10.16 |
| Shares Outstanding | 79.0M | 78.0M | 88.0M | 88.0M | 0 | 88.0M | 88.0M |
| Gross Margin | 36.4% | 36.7% | 36.3% | 35.6% | 40.7% | 29.0% | 27.5% |
| Operating Margin | 4.1% | 5.0% | 4.0% | 7.5% | 12.8% | -1.9% | -11.9% |
| Profit Margin | 2.5% | 2.6% | 1.8% | 5.5% | 9.5% | -1.3% | -11.9% |