Victorias Secret & Co.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $6.55B | $6.23B | $6.18B | $6.34B | $6.79B | $5.41B | $7.51B |
| Cost of Revenue | $4.17B | $3.95B | $3.94B | $4.09B | $4.03B | $3.84B | $5.45B |
| Gross Profit | $2.38B | $2.28B | $2.24B | $2.26B | $2.76B | $1.57B | $2.06B |
| Gross Margin | 36.4% | 36.7% | 36.3% | 35.6% | 40.7% | 29.0% | 27.5% |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | — |
| SG&A Expense | $2.11B | $1.97B | $2.00B | $1.78B | $1.89B | $1.67B | $2.24B |
| Operating Income | $271.0M | $310.0M | $246.0M | $478.0M | $870.0M | $-101.0M | $-892.0M |
| Operating Margin | 4.1% | 5.0% | 4.0% | 7.5% | 12.8% | -1.9% | -11.9% |
| Interest Expense | — | — | $99.0M | $60.0M | $27.0M | $6.0M | $8.0M |
| Pretax Income | $208.0M | $221.0M | $147.0M | $417.0M | $843.0M | $-106.0M | $-899.0M |
| Income Tax Expense | $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 |
| Net Margin | 2.5% | 2.6% | 1.8% | 5.5% | 9.5% | -1.3% | -11.9% |
| EPS (Basic) | $2.00 | $2.11 | $1.41 | $4.24 | $7.34 | $-0.82 | $-10.16 |
| EPS (Diluted) | $1.93 | $2.05 | $1.39 | $4.14 | $7.18 | $-0.82 | $-10.16 |
| Shares Outstanding (Basic) | 80.0M | 79.0M | 78.0M | 82.0M | 88.0M | 88.0M | 88.0M |
| Shares Outstanding (Diluted) | 83.0M | 81.0M | 79.0M | 84.0M | 90.0M | 88.0M | 88.0M |
| Dividends Per Share | — | — | — | — | — | — | — |