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Profile & Fundamentals

Victoria's Secret Profile & Fundamentals

Name: Victoria's Secret financial chart data preview
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Company and Market Context

Company Profile & Ownership

Victoria's Secret & Co. operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. The company offers bras, panties, lingerie, casual sleepwear, apparel, lounge, sport, and swim products, as well as prestige fragrances and body care products; and accessories and beauty products under the Victoria's Secret, PINK, and Adore Me brands. It provides its products through its retail stores; websites, such as VictoriasSecret.com, PINK.com, AdoreMe.com, and DailyLook.com; and other digital channels. The company also operates stores under the franchise, license, and wholesale arrangements. Victoria's Secret & Co. was incorporated in 2021 and is based in Reynoldsburg, Ohio.

Company profile record

Victoria's Secret & Co

Common Stock · Consumer Discretionary · Apparel Retail

Official website

Company

Company / asset: Victoria's Secret & Co
Security type: Common Stock
Sector: Consumer Discretionary
Industry: Apparel Retail
HQ: 🇺🇸 United States
Head office: 4 Limited Parkway East, Reynoldsburg, OH, United States, 43068

Leadership & scale

Chief executive: Ms. Hillary Super
CEO year born: 1973
Full-time employees: 30K
Fiscal year end: January
IPO date: 2021-07-21

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 6.6B
P/E: 17.4x
Revenue (Q3 26): USD 1.6B
Profit (Q3 26): USD 183.0M
Dividend Yield: --
Revenue (FY 26): USD 6.6B
Shares in public float: 70.9M
Insider ownership: 10.46%

Reporting & identifiers

Symbol: VSXY.NYSE
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US9264001028
Asset ID: equity_f76a49bf-a51d-5907-b65d-d03722366bc5

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc11,855,174 shares · 14.86% · Reported 2026-03-31
BBFIT INVESTMENTS PTE Ltd.8,898,930 shares · 11.16% · Reported 2026-06-30
FMR Inc6,215,279 shares · 7.79% · Reported 2026-03-31
iShares Core S&P Small-Cap ETF4,838,534 shares · 6.07% · Reported 2026-08-31
Vanguard Portfolio Management, LLC4,648,809 shares · 5.83% · Reported 2026-03-31
Fidelity Blue Chip Growth3,658,679 shares · 4.59% · Reported 2026-07-31
Vanguard Capital Management, LLC3,582,535 shares · 4.49% · Reported 2026-03-31

View more holders (8)

Fidelity Blue Chip Growth Composite3,086,423 shares · 3.87% · Reported 2026-03-31
State Street Corp3,007,931 shares · 3.77% · Reported 2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest2,527,474 shares · 3.17% · Reported 2026-07-31
Geode Capital Management, LLC2,029,813 shares · 2.54% · Reported 2026-03-31
Dimensional Fund Advisors, Inc.1,942,411 shares · 2.44% · Reported 2026-06-30
The Goldman Sachs Group Inc1,829,710 shares · 2.29% · Reported 2026-03-31
Vanguard Small Cap Index1,824,885 shares · 2.29% · Reported 2026-07-31
iShares Russell 2000 ETF1,801,871 shares · 2.26% · Reported 2026-08-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

Recent financial reports show a confusing picture. On one hand, the company recently reported a nice jump in sales and profits, which made many investors excited. Free cash flow also looks healthy on paper. However, experts agree that this boost is likely temporary. The main disagreement is about how long these profits can last. Bearish views warn that the recent profit spike was a one-time event, helped by selling older inventory before shipping costs went up. They expect profits to drop quickly as new, more expensive inventory arrives and shoppers spend less. More optimistic views hope that improved marketing will keep sales steady. Overall, there is high concern that the current high stock price is not supported by the company's actual long-term earning power, making it a risky bet.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company's profit margins recently showed a strong recovery, with gross margins rising to over thirty-six percent. This was achieved by cutting back on discounts and selling more items at full price. However, there is a sharp disagreement about whether these improved margins can be sustained. Skeptics point out that these margins are highly fragile and are about to face a severe squeeze from rising shipping rates and packaging costs. They argue that because the company has very little pricing power, it will have to absorb these higher costs itself, which will crush its thin operating margins. On the other side, some hope that better inventory management will protect profitability. Ultimately, most agree that the current stock price assumes these peak margins are permanent, which is highly unrealistic given the tough economic environment.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2019-01-31	8,103,000,000	357,000,000	251,000,000	33.19	4.94	3.1	4.41
2020-01-31	7,509,000,000	90,000,000	-897,000,000	27.47	-11.88	-11.95	1.2
2021-01-31	5,413,000,000	547,000,000	-72,000,000	29.02	-1.87	-1.33	10.11
2022-01-31	6,785,000,000	682,000,000	646,000,000	40.68	12.82	9.52	10.05
2023-01-31	6,344,000,000	273,000,000	348,000,000	35.59	7.53	5.49	4.3
2024-01-31	6,182,000,000	133,000,000	109,000,000	36.27	3.98	1.76	2.15
2025-01-31	6,230,000,000	247,000,000	165,000,000	36.66	4.98	2.65	3.96
2026-01-31	6,553,000,000	312,000,000	161,000,000	36.38	4.14	2.46	4.76

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2026-01-31	28.75	Trailing four quarters
2025-01-31	17.81	Trailing four quarters
2024-01-31	18.71	Trailing four quarters
2023-01-31	9.33	Annual net income
2022-01-31	7.17	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2020-01-01	88,000,000
2021-01-01	92,000,000
2022-01-01	83,000,000
2023-01-01	77,000,000
2024-01-01	79,000,000
2025-01-01	81,191,300
2026-01-01	84,152,000

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Dividends & Actions
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