Victoria's Secret & annual operating expenses
2019
2020
2021
2022
2023
2024
2025
Victoria's Secret & Operating Expenses Growth & History (VSXY)
Victoria's Secret &'s operating expenses was $2.11B for fiscal 2025.
View full Victoria's Secret & company overviewVictoria's Secret & annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2026-01-31 | $2.11B | $139.0M | +7.04% |
| 2024 | 2025-02-01 | $1.97B | −$22.0M | −1.10% |
| 2023 | 2024-02-03 | $2.00B | $216.0M | +12.13% |
| 2022 | 2023-01-28 | $1.78B | −$110.0M | −5.82% |
| 2021 | 2022-01-29 | $1.89B | $218.0M | +13.04% |
| 2020 | 2021-01-30 | $1.67B | −$1.28B | −43.42% |
| 2019 | 2020-02-01 | $2.96B | — | — |
Victoria's Secret & quarterly operating expenses
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
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 | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2027 | 2026-07-31 | $502.0M | $24.0M | +5.02% |
| Q1 2026 | 2026-05-02 | $509.0M | $55.0M | +12.11% |
| Q4 2025 | 2026-01-31 | $626.0M | $81.0M | +14.86% |
| Q3 2025 | 2025-11-01 | $555.0M | $40.0M | +7.77% |
| Q2 2025 | 2025-08-02 | $478.0M | $39.0M | +8.88% |
| Q1 2025 | 2025-05-03 | $454.0M | −$21.0M | −4.42% |
| Q4 2024 | 2025-02-01 | $545.0M | −$22.0M | −3.88% |
| Q3 2024 | 2024-11-02 | $515.0M | $21.0M | +4.25% |
| Q2 2024 | 2024-08-03 | $439.0M | −$22.0M | −4.77% |
| Q1 2024 | 2024-05-04 | $475.0M | $1.0M | +0.21% |
| Q4 2023 | 2024-02-03 | $567.0M | $66.0M | +13.17% |
| Q3 2023 | 2023-10-28 | $494.0M | $80.0M | +19.32% |
| Q2 2023 | 2023-07-29 | $461.0M | $24.0M | +5.49% |
| Q1 2023 | 2023-04-29 | $474.0M | $46.0M | +10.75% |
| Q4 2022 | 2023-01-28 | $501.0M | −$19.0M | −3.65% |
| Q3 2022 | 2022-10-29 | $414.0M | −$43.0M | −9.41% |
| Q2 2022 | 2022-07-30 | $437.0M | −$30.0M | −6.42% |
| Q1 2022 | 2022-04-30 | $428.0M | −$18.0M | −4.04% |
| Q4 2021 | 2022-01-29 | $520.0M | $7.0M | +1.36% |
| Q3 2021 | 2021-10-30 | $457.0M | $87.0M | +23.51% |
| Q2 2021 | 2021-07-31 | $467.0M | $72.0M | +18.23% |
| Q1 2021 | 2021-05-01 | $446.0M | $52.0M | +13.20% |
| Q4 2020 | 2021-01-30 | $513.0M | — | — |
| Q3 2020 | 2020-10-31 | $370.0M | — | — |
| Q2 2020 | 2020-08-01 | $395.0M | — | — |
| Q1 2020 | 2020-05-02 | $394.0M | — | — |
Victoria's Secret & operating expenses trends
Over the last five fiscal years, Victoria's Secret &'s operating expenses increased from $1.67B to $2.11B, a change of $441.0M. The latest reported quarter, Q2 2027, shows $502.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Victoria's Secret & source filings ↗