Victoria's Secret & Co. (VSCO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.56B | 2.27B | 1.47B | 1.46B | 1.35B | 2.11B | 1.35B | 1.42B | 1.36B | 2.08B | 1.26B | 1.43B | 1.41B | 2.02B | 1.32B | 1.52B | 1.48B | 2.18B | 1.44B | 1.61B |
| Revenue Growth % | 15.27% | 7.78% | 9.28% | 2.96% | -0.44% | 1.1% | 6.48% | -0.7% | -3.41% | 3.07% | -4.02% | -6.18% | -5.19% | -7.12% | -8.54% | -5.76% | -4.5% | 3.62% | 6.5% | 51.41% |
| Cost of Goods Sold | 972.64M | 1.41B | 936M | 940M | 879M | 1.29B | 879M | 916M | 858M | 1.26B | 838M | 940M | 905M | 1.28B | 861M | 986M | 962M | 1.32B | 876M | 944M |
| COGS % of Revenue | 62.37% | 62.33% | 63.59% | 64.43% | 64.97% | 61.4% | 65.26% | 64.64% | 63.13% | 60.35% | 66.25% | 65.87% | 64.32% | 63.19% | 65.33% | 64.83% | 64.82% | 60.8% | 60.79% | 58.49% |
| Gross Profit | 586.95M | 855M | 536M | 519M | 474M | 813M | 468M | 501M | 501M | 826M | 427M | 487M | 502M | 744M | 457M | 535M | 522M | 853M | 565M | 670M |
| Gross Margin % | 37.63% | 37.67% | 36.41% | 35.57% | 35.03% | 38.6% | 34.74% | 35.36% | 36.87% | 39.65% | 33.75% | 34.13% | 35.68% | 36.81% | 34.67% | 35.17% | 35.18% | 39.2% | 39.21% | 41.51% |
| Gross Profit Growth % | 23.83% | 5.17% | 14.53% | 3.59% | -5.39% | -1.57% | 9.6% | 2.87% | -0.2% | 11.02% | -6.56% | -8.97% | -3.83% | -12.78% | -19.11% | -20.15% | -22.32% | -5.33% | 13.68% | 340.79% |
| Operating Expenses | 504.87M | 626.02M | 555M | 478M | 454M | 545.75M | 515M | 439M | 475M | 567M | 494.5M | 460.53M | 474M | 500M | 414M | 437M | 428M | 520.04M | 457.15M | 466.86M |
| OpEx % of Revenue | 32.37% | 27.58% | 37.7% | 32.76% | 33.56% | 25.91% | 38.23% | 30.98% | 34.95% | 27.22% | 39.09% | 32.27% | 33.69% | 24.74% | 31.41% | 28.73% | 28.84% | 23.9% | 31.72% | 28.93% |
| Selling, General & Admin | 504.87M | 626.02M | 555M | 478M | 454M | 545.74M | 515M | 439M | 475M | 567M | 494.5M | 460.53M | 474M | 500M | 414M | 437M | 428M | 519M | 457.15M | 466.86M |
| SG&A % of Revenue | 32.37% | 27.58% | 37.7% | 32.76% | 33.56% | 25.91% | 38.23% | 30.98% | 34.95% | 27.22% | 39.09% | 32.27% | 33.69% | 24.74% | 31.41% | 28.73% | 28.84% | 23.85% | 31.72% | 28.93% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 4K | 0 | 0 | 0 | 0 | 0 | -106K | 0 | 0 | 0 | 0 | 0 | 1000K | 632K | -907K |
| Operating Income | 82.08M | 228.97M | -19M | 41M | 20M | 268M | -47M | 62M | 26M | 259M | -67M | 26.05M | 28M | 244M | 43M | 98M | 94M | 334M | 108M | 203M |
| Operating Margin % | 5.26% | 10.09% | -1.29% | 2.81% | 1.48% | 12.73% | -3.49% | 4.38% | 1.91% | 12.43% | -5.3% | 1.83% | 1.99% | 12.07% | 3.26% | 6.44% | 6.33% | 15.35% | 7.49% | 12.58% |
| Operating Income Growth % | 310.42% | -14.56% | 59.57% | -33.87% | -23.08% | 3.47% | 29.85% | 138.04% | -7.14% | 6.15% | -255.81% | -73.42% | -70.21% | -26.95% | -60.19% | -51.72% | -58.41% | -13.92% | -14.96% | 183.54% |
| EBITDA | 82.08M | 232.21M | 41M | 104M | 82M | 334M | 16M | 126M | 91M | 327M | 4M | 98.05M | 101M | 310M | 111M | 168M | 164M | 404M | 183M | 281M |
| EBITDA Margin % | 5.26% | 10.23% | 2.79% | 7.13% | 6.06% | 15.86% | 1.19% | 8.89% | 6.7% | 15.7% | 0.32% | 6.87% | 7.18% | 15.34% | 8.42% | 11.05% | 11.05% | 18.57% | 12.7% | 17.41% |
| EBITDA Growth % | 0.1% | -30.48% | 156.25% | -17.46% | -9.89% | 2.14% | 300% | 28.51% | -9.9% | 5.48% | -96.4% | -41.64% | -38.41% | -23.27% | -39.34% | -40.21% | -46.41% | -12.93% | -11.16% | 273.46% |
| D&A (Non-Cash Add-back) | 0 | 0 | 60M | 63M | 62M | 66M | 63M | 64M | 65M | 68M | 71M | 72M | 73M | 66M | 68M | 70M | 70M | 70M | 75M | 78M |
| EBIT | 82.08M | 232.21M | -19M | 42.08M | 23M | 263.23M | -48M | 62M | 27M | 259M | -68M | 25M | 28M | 245M | 45M | 96M | 90M | 334M | 109M | 202M |
| Net Interest Income | -14.93M | -16.81M | -18M | -17.8M | -17.09M | -20M | -22M | -21M | -22M | -27M | -26M | -24M | -22M | -19M | -15M | -13M | -12M | -11M | -12M | -3M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 14.93M | 16.81M | 18M | 17.8M | 17.09M | 20M | 22M | 21M | 22M | 27M | 26M | 23.97M | 22M | 19M | 15M | 13M | 12M | 11M | 12M | 3M |
| Other Income/Expense | -17.62M | -13.57M | -18M | -17M | -14M | -24M | -23M | -21M | -21M | -27M | -26M | -24M | -22M | -18M | -13M | -15M | -16M | -11M | -11M | -4M |
| Pretax Income | 64.47M | 215.4M | -37M | 24M | 6M | 244M | -70M | 41M | 5M | 232M | -93M | 2M | 6M | 226M | 30M | 83M | 78M | 323M | 97M | 199M |
| Pretax Margin % | 4.13% | 9.49% | -2.51% | 1.65% | 0.44% | 11.59% | -5.2% | 2.89% | 0.37% | 11.14% | -7.35% | 0.14% | 0.43% | 11.18% | 2.28% | 5.46% | 5.26% | 14.84% | 6.73% | 12.33% |
| Income Tax | 7.55M | 15.98M | -6M | 6M | 3M | 50M | -15M | 9M | 8M | 48M | -22M | 3M | 2M | 54M | 8M | 16M | 2M | 76.86M | 22M | 47.93M |
| Effective Tax Rate % | 11.71% | 7.42% | 16.22% | 25% | 50% | 20.49% | 21.43% | 21.95% | 160% | 20.69% | 23.66% | 150% | 33.33% | 23.89% | 26.67% | 19.28% | 2.56% | 23.8% | 22.68% | 24.08% |
| Net Income | 47.69M | 183.63M | -37M | 16.23M | -2M | 193.41M | -56M | 32M | -4M | 181M | -71M | -1M | 1M | 173M | 24M | 70M | 81M | 246.05M | 75.21M | 151.08M |
| Net Margin % | 3.06% | 8.09% | -2.51% | 1.11% | -0.15% | 9.18% | -4.16% | 2.26% | -0.29% | 8.69% | -5.61% | -0.07% | 0.07% | 8.56% | 1.82% | 4.6% | 5.46% | 11.31% | 5.22% | 9.36% |
| Net Income Growth % | 2484.55% | -5.06% | 33.93% | -49.29% | 50% | 6.86% | 21.13% | 3300% | -500% | 4.62% | -395.83% | -101.43% | -98.77% | -29.69% | -68.09% | -53.67% | -53.45% | -13.06% | -47.4% | 175.54% |
| Net Income (Continuing) | 56.92M | 199.42M | -31M | 18M | 3M | 193.92M | -55M | 32M | -3M | 184M | -71M | -1M | 4M | 172M | 22M | 67M | 76M | 246.05M | 75M | 151M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 55M | 54M | 36M | 30M | 28M | 24M | 24M | 22M | 22M | 21M | 18M | 21M | 22M | 18M | 17M | 22M | 24M | 0 | 0 | 0 |
| EPS (Diluted) | 0.56 | 2.14 | -0.46 | 0.20 | -0.03 | 2.33 | -0.71 | 0.40 | -0.05 | 2.29 | -0.92 | -0.01 | 0.01 | 2.10 | 0.29 | 0.83 | 0.93 | 2.70 | 0.81 | 1.71 |
| EPS Growth % | 2313.44% | -8.15% | 35.21% | -50% | 50.68% | 1.75% | 22.83% | 3176.92% | -510.4% | 9.05% | -417.24% | -101.57% | -98.66% | -22.22% | -64.2% | -51.46% | -51.05% | -12.62% | -48.08% | 178.44% |
| EPS (Basic) | 0.56 | 2.14 | -0.46 | 0.21 | -0.03 | 2.33 | -0.71 | 0.41 | -0.05 | 2.29 | -0.92 | -0.01 | 0.01 | 2.16 | 0.29 | 0.85 | 0.97 | 2.89 | 0.85 | 1.71 |
| Diluted Shares Outstanding | 84.85M | 85.85M | 81M | 82.2M | 79M | 83.15M | 79M | 80M | 78M | 78.91M | 77M | 77M | 80M | 82.3M | 83M | 84.29M | 87.06M | 91.1M | 92M | 88M |
| Basic Shares Outstanding | 84.84M | 85.85M | 81M | 79M | 79M | 79M | 79M | 78M | 78M | 78.91M | 77M | 77M | 78M | 80M | 82.63M | 82M | 84M | 85M | 88M | 88M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |