SequelSEC

Victoria's Secret & Co. VSXY

Retail-Women's Clothing Stores · CIK 0001856437 · Fiscal year ends 0130

Revenue
$6.55B
Fiscal year ended 2026-01-31
Operating income
$271.00M
Fiscal year ended 2026-01-31
Free cash flow
$312.00M
Fiscal year ended 2026-01-31

Victoria's Secret & Co. (VSXY) reported revenue of $6.55B and net income of $161.00M for the fiscal year ended 2026-01-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from Victoria's Secret & Co.’s SEC filings, each linked to the filing it came from.

Income

Victoria's Secret & Co. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-01-312025-02-012024-02-032023-01-282022-01-292021-01-302020-02-01
Revenue$6.55B$6.23B$6.18B$6.34B$6.78B$5.41B$7.51B
Cost of revenue$4.17B$3.95B$3.94B$4.09B$4.02B$3.84B$5.45B
Gross profit$2.38B$2.28B$2.24B$2.26B$2.76B$1.57B$2.06B
Operating income$271.00M$310.00M$246.00M$478.00M$870.00M-$101.00M-$892.00M
Net income$161.00M$165.00M$109.00M$348.00M$646.00M-$72.00M-$897.00M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 83.00Mshares 81.00Mshares 79.00Mshares 84.00Mshares 90.00Mshares 88.00Mshares 88.00M
Pretax income$208.00M$221.00M$147.00M$417.00M$843.00M-$106.00M-$899.00M
Income tax expense$19.00M$52.00M$31.00M$79.00M$197.00M-$34.00M-$2.00M
Diluted EPS$1.93$2.05$1.39$4.14$7.18$-0.82$-10.16
Selling, general & administrative$2.11B$1.97B$2.00B$1.78B$1.89B$1.67B$2.24B
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Victoria's Secret & Co. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-01-312025-02-012024-02-032023-01-282022-01-292021-01-302020-02-01
Cash & equivalents$518.00M$227.00M$270.00M$427.00M$490.00M$335.00MUnavailable
Total assets$5.01B$4.53B$4.60B$4.71B$4.34B$4.23BUnavailable
Current assets$1.88B$1.44B$1.53B$1.74B$1.69B$1.24BUnavailable
Total liabilities$4.10B$3.87B$4.16B$4.31B$4.09B$3.34BUnavailable
Current liabilities$1.51B$1.38B$1.61B$1.58B$1.70B$1.56BUnavailable
Total equity incl. NCI$910.00M$664.00M$438.00M$401.00M$257.00M$891.00M$1.31B
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$1.07B$955.00M$985.00M$1.05B$949.00M$701.00MUnavailable
Accounts receivable$186.00M$159.00M$152.00M$141.00M$162.00M$121.00MUnavailable
Goodwill$367.00M$367.00M$367.00M$365.00M$0UnavailableUnavailable
Long-term debt$971.00M$973.00M$1.12B$1.27B$978.00M$97.00MUnavailable
Accounts payable$493.00M$419.00M$513.00M$481.00M$538.00M$338.00MUnavailable

Cash flow

Victoria's Secret & Co. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-01-312025-02-012024-02-032023-01-282022-01-292021-01-302020-02-01
Operating cash flow$499.00M$425.00M$389.00M$437.00M$851.00M$674.00M$315.00M
Capital expenditures$187.00M$178.00M$256.00M$164.00M$169.00M$127.00M$225.00M
Investing cash flow-$184.00M-$153.00M-$254.00M-$555.00M-$169.00M-$123.00M-$243.00M
Financing cash flow-$24.00M-$315.00M-$291.00M$58.00M-$527.00M-$465.00M-$192.00M
Net change in cash$291.00M-$43.00M-$157.00M-$63.00M$155.00M$90.00M-$124.00M
Stock-based compensation$55.00M$60.00M$56.00M$48.00M$33.00M$25.00M$38.00M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchases$0$0$125.00M$250.00M$250.00M$0$0
Depreciation & amortization$238.00M$258.00M$284.00M$274.00M$303.00MUnavailableUnavailable

Derived

Victoria's Secret & Co. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-01-312025-02-012024-02-032023-01-282022-01-292021-01-302020-02-01
Free cash flow$312.00M$247.00M$133.00M$273.00M$682.00M$547.00M$90.00M
Gross margin36.4%36.7%36.3%35.6%40.7%29.0%27.5%
Operating margin4.1%5.0%4.0%7.5%12.8%-1.9%-11.9%
FCF margin4.8%4.0%2.2%4.3%10.1%10.1%1.2%
SBC / revenue0.8%1.0%0.9%0.8%0.5%0.5%0.5%
Current ratio1.25x1.05x0.95x1.10x1.00x0.80xUnavailable
Revenue YoY growth5.2%0.8%-2.6%-6.5%25.3%-27.9%Unavailable
Net margin2.5%2.6%1.8%5.5%9.5%-1.3%-11.9%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue2.9%2.9%4.1%2.6%2.5%2.3%3.0%
Long-term debt / equity1.07xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate9.1%23.5%21.1%18.9%23.4%UnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open VSXY in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-09-04View SEC filing
10-Q · Filed 2026-06-05View SEC filing
10-K · Filed 2026-03-20View SEC filing
10-Q · Filed 2025-12-05View SEC filing
10-Q · Filed 2025-09-05View SEC filing
10-Q · Filed 2025-06-12View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.