Victoria's Secret & annual net debt
2020
2021
2022
2023
2024
2025
Victoria's Secret & Net Debt Growth & History (VSXY)
Victoria's Secret &'s net debt was $2.33B for fiscal 2025.
View full Victoria's Secret & company overviewVictoria's Secret & annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2026-01-31 | $2.33B | −$143.0M | −5.79% |
| 2024 | 2025-02-01 | $2.47B | $38.0M | +1.56% |
| 2023 | 2024-02-03 | $2.43B | $74.0M | +3.14% |
| 2022 | 2023-01-28 | $2.36B | $213.0M | +9.93% |
| 2021 | 2022-01-29 | $2.15B | $410.0M | +23.62% |
| 2020 | 2021-01-30 | $1.74B | — | — |
Victoria's Secret & quarterly net debt
Q4.20
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.27
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2027 | 2026-07-31 | $2.38B | −$309.0M | −11.50% |
| Q1 2026 | 2026-05-02 | $2.64B | −$42.0M | −1.56% |
| Q4 2025 | 2026-01-31 | $2.33B | −$143.0M | −5.79% |
| Q3 2025 | 2025-11-01 | $2.94B | $0 | 0.00% |
| Q2 2025 | 2025-08-02 | $2.69B | $47.0M | +1.78% |
| Q1 2025 | 2025-05-03 | $2.69B | $137.0M | +5.37% |
| Q4 2024 | 2025-02-01 | $2.47B | $38.0M | +1.56% |
| Q3 2024 | 2024-11-02 | $2.94B | −$40.0M | −1.34% |
| Q2 2024 | 2024-08-03 | $2.64B | −$82.0M | −3.01% |
| Q1 2024 | 2024-05-04 | $2.55B | −$111.0M | −4.17% |
| Q4 2023 | 2024-02-03 | $2.43B | $74.0M | +3.14% |
| Q3 2023 | 2023-10-28 | $2.98B | $343.0M | +13.02% |
| Q2 2023 | 2023-07-29 | $2.72B | $350.0M | +14.76% |
| Q1 2023 | 2023-04-29 | $2.66B | $310.0M | +13.19% |
| Q4 2022 | 2023-01-28 | $2.36B | $213.0M | +9.93% |
| Q3 2022 | 2022-10-29 | $2.63B | $272.0M | +11.52% |
| Q2 2022 | 2022-07-30 | $2.37B | $186.0M | +8.51% |
| Q1 2022 | 2022-04-30 | $2.35B | — | — |
| Q4 2021 | 2022-01-29 | $2.15B | $410.0M | +23.62% |
| Q3 2021 | 2021-10-30 | $2.36B | — | — |
| Q2 2021 | 2021-07-31 | $2.19B | — | — |
| Q4 2020 | 2021-01-30 | $1.74B | — | — |
Victoria's Secret & net debt trends
Over the last five fiscal years, Victoria's Secret &'s net debt increased from $1.74B to $2.33B, a change of $592.0M. The latest reported quarter, Q2 2027, shows $2.38B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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