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Victoria Beckham Finally Turns a Profit. Beauty Leads the Way.

After nearly two decades of losses, Victoria Beckham Holdings posted its first operating profit in 2025. But beauty now accounts for an estimated two-thirds of revenue, leaving the fashion business with something still to prove.

In 2000, Alexander McQueen reportedly refused Victoria Beckham’s request to attend his Voss show. Twenty-four years later, Netflix cameras followed her as she prepared to present her spring 2025 collection at Paris Fashion Week. She no longer had to ask for a seat. She was sending the clothes down the runway.

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Making the business behind those clothes profitable took considerably longer.

In 2025, Victoria Beckham Holdings recorded its first operating profit of £7.3 million (about $9.7 million), reversing a £1.6 million operating loss the previous year. Revenue rose 15 percent to £129.8 million. Beauty, which Beckham launched in 2019, accounted for an estimated two-thirds of group revenue, according to industry reporting. The company does not publicly break out the profits of its fashion and beauty divisions.

The former Spice Girl has already won over some formidable skeptics. Anna Wintour, who initially dismissed Beckham’s fashion ambitions as a potential side gig, admitted in the 2025 Netflix documentary Victoria Beckham that she had “totally proved us wrong.” Fashion acceptance, it turns out, wasn’t the same as financial success.

Two faces of Victoria

In 2025, Beckham put her fashion and beauty businesses under separate chief executives.

Lauren Edelman joined Victoria Beckham Beauty as chief marketing........

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