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Victoria's Secret & Company

VSXY · NYSE · Consumer Cyclical · Updated 10/26/2026

Revenue

$6.2B

Fiscal 2025

Net income

$165.0M

Fiscal 2025

Free cash flow

$247.0M

Fiscal 2025

Net cash / (debt)

—

Fiscal 2025

Five-year financials

Fiscal year20252024202320222021
Revenue$6.2B$6.2B$6.3B$6.8B$5.4B
Net income$165.0M$109.0M$348.0M$646.0M(72.0M)
Diluted EPS—————
Operating cash flow$425.0M$389.0M$437.0M$851.0M$674.0M
Free cash flow$247.0M$133.0M$273.0M$682.0M$547.0M
Cash$227.0M$270.0M$427.0M$490.0M$335.0M
Total debt—————

Where the cash went

Cumulative, fiscal 2021–2025, straight from the reported cash-flow statements.

Reinvested in capex

32.2%

of operating cash flow

Returned to owners

—

of free cash flow (buybacks + dividends)

Diluted share count

—

change 2021–2025

Capital expenditure $894.0MBar width = share of $2.8B operating cash flow
Operating cash flow$2.8B
Capital expenditure($894.0M)
Free cash flow$1.9B
Share buybacks—
Dividends paid—
Acquisitions (net)—
Net debt issued / (repaid)—
Stock-based compensation (non-cash)—

"—" means a year didn't report that line, so no total is shown rather than an estimate.

SEC filings

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