Flagship explainer

What drives VICTORIA'S SECRET & CO.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity22%Tax burden77%net income ÷ pretax incomeInterest burden77%pretax ÷ operating incomeOperating margin4%operating income ÷ revenueAsset turnover1.37×revenue ÷ average assetsEquity multiplier6.38×average assets ÷ average equityAs of 2026-01-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$161MFY2026
Income before tax$208MFY2026
Operating income$271MFY2026
$6.6BFY2026
Ending assets$5.0BFY2026
Beginning assets$4.5BFY2025
$856MFY2026
$640MFY2025
Source: · event Jan 31, 2026 · retrieved Jul 26, 2026 · annual-row source set
Embed this chart

View the full VICTORIA'S SECRET & CO. analysis at Buy Like Buffett

VSXY dupont explainer — Buy Like Buffett · Buy Like Buffett