Filing Flows › Victoria's Secret (VSXY) › Operating margin
Victoria's Secret (VSXY) operating margin by quarter
Victoria's Secret's operating margin was 16.0% in Q2 FY27 (second quarter fiscal 2027), +11.1 pts from Q1 FY27. Over the last 6 quarters it ranged from 1.5% (Q1 FY26) to 16.0% (Q2 FY27).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 FY27 | 16.0% | +11.1 pts | +13.1 pts |
| Q1 FY27 | 4.9% | -5.2 pts | +3.4 pts |
| Q4 FY26 | 10.1% | +7.3 pts | -2.6 pts |
| Q2 FY26 | 2.8% | +1.3 pts | — |
| Q1 FY26 | 1.5% | -11.2 pts | — |
| Q4 FY25 | 12.7% | — | — |
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 operating margin?
Victoria's Secret's operating margin was 16.0% in Q2 FY27 (second quarter fiscal 2027), +11.1 pts from Q1 FY27.
How has Victoria's Secret's operating margin changed?
Over the last 6 quarters it ranged from 1.5% (Q1 FY26) to 16.0% (Q2 FY27).