Filing Flows › Victoria's Secret (VSXY) › Gross margin
Victoria's Secret (VSXY) gross margin by quarter
Victoria's Secret's gross margin was 47.1% in Q2 FY27 (second quarter fiscal 2027), +9.6 pts from Q1 FY27. Over the last 6 quarters it ranged from 35.0% (Q1 FY26) to 47.1% (Q2 FY27).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 FY27 | 47.1% | +9.6 pts | +11.5 pts |
| Q1 FY27 | 37.5% | -0.2 pts | +2.5 pts |
| Q4 FY26 | 37.7% | +2.1 pts | -0.9 pts |
| Q2 FY26 | 35.6% | +0.5 pts | — |
| Q1 FY26 | 35.0% | -3.6 pts | — |
| Q4 FY25 | 38.6% | — | — |
Q2 FY27 at a glance
Victoria's Secret, Q2 FY27: revenue $1.6B (+10% year over year), operating margin 16.0%, net earnings $183M, operating cash flow $402M. The chart follows the revenue to costs, profit and cash.
Questions
What is Victoria's Secret's gross margin?
Victoria's Secret's gross margin was 47.1% in Q2 FY27 (second quarter fiscal 2027), +9.6 pts from Q1 FY27.
How has Victoria's Secret's gross margin changed?
Over the last 6 quarters it ranged from 35.0% (Q1 FY26) to 47.1% (Q2 FY27).