QVC Group, Inc. QVCG

Consumer discretionary SIC 5961 - Retail-Catalog & Mail-Order Houses NAICS Retail Trade derived Nasdaq

Last close 8.13 2026-10-23
Market cap $8 2026-06-30 share count
52-week range 8.00 - 20.00

Valuation FY2025 figures against the last close

P/S0.0x
P/E—
P/FCF0.0x
EV/EBITDA—
Dividend yield—
Diluted EPS—

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Japan
  • Germany
  • United Kingdom
  • Other countries
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 5.9B (71.6%) 72% United States Japan, FY2025: 825M (9.9%) 10% Japan Germany, FY2025: 784M (9.5%) 9% Germany United Kingdom, FY2025: 636M (7.7%) 8% Other countries, FY2025: 112M (1.4%) FY2024 United States, FY2024: 6.6B (73.3%) 73% Japan, FY2024: 870M (9.7%) 10% Germany, FY2024: 785M (8.7%) 9% United Kingdom, FY2024: 629M (7.0%) 7% Other countries, FY2024: 115M (1.3%) FY2023 United States, FY2023: 7B (74.0%) 74% Japan, FY2023: 945M (10.0%) 10% Germany, FY2023: 788M (8.3%) 8% United Kingdom, FY2023: 594M (6.3%) 6% Other countries, FY2023: 127M (1.3%)
Region FY2025FY2024FY2023
United States $5.94B $6.60B $7.00B
Japan $825.0M $870.0M $945.0M
Germany $784.0M $785.0M $788.0M
United Kingdom $636.0M $629.0M $594.0M
Other countries $112.0M $115.0M $127.0M

As the company reported it, from the “Information about QVC's Operating Segments and Geographical Data (Net Revenue by Geographical Area) (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • QxH
  • QVC-International
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 QxH, FY2025: 5.9B (71.6%) 72% QxH QVC-International, FY2025: 2.4B (28.4%) 28% QVC-International FY2024 QxH, FY2024: 6.6B (73.3%) 73% QVC-International, FY2024: 2.4B (26.7%) 27% FY2023 QxH, FY2023: 7B (74.0%) 74% QVC-International, FY2023: 2.5B (26.0%) 26%
Segment FY2025FY2024FY2023
QxH $5.94B $6.60B $7.00B
QVC-International $2.36B $2.40B $2.45B

As the company reported it, from the “Information about QVC's Operating Segments and Geographical Data (Revenue and Adjusted OIBDA by Segment) (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $8.29B$9.00B$9.45B$9.89B$11.35B$11.47B$10.99B$11.28B$8.77B$8.68B
Cost of revenue $5.50B$5.91B$6.27B$6.85B$7.37B$7.42B$7.15B$7.25B$5.60B$5.54B
Gross profit $2.79B$3.09B$3.18B$3.14B$3.99B$4.05B$3.84B$4.03B$3.17B$3.14B
SG&A ————————$744.0M$728.0M
Total operating expenses $10.31B$9.77B$8.80B$11.29B$9.85B$9.90B$9.66B$9.77B$7.46B$7.48B
Operating income -$2.02B-$770.0M$645.0M-$1.40B$1.51B$1.57B$1.33B$1.51B$1.31B$1.20B
Interest expense $286.0M$267.0M$247.0M$228.0M$249.0M$257.0M$240.0M$243.0M$214.0M$210.0M
Pre-tax income -$2.28B-$1.02B$416.0M-$1.59B$1.26B$1.25B$1.08B$1.26B$1.09B$1.03B
Income tax $153.0M$3.0M$205.0M$220.0M$408.0M$345.0M$262.0M$334.0M$139.0M$385.0M
Net income -$2.17B-$1.07B$159.0M-$1.87B$787.0M$844.0M$767.0M$882.0M$901.0M$604.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.50B$297.0M$322.0M$367.0M$519.0M$690.0M$569.0M$550.0M$290.0M$294.0M
Receivables $1.02B$1.13B$1.29B$1.36B$1.65B$1.60B$1.81B$1.79B$1.68B$1.25B
Inventory $832.0M$901.0M$860.0M$1.03B$1.35B$1.12B$1.21B$1.28B$1.20B$950.0M
Total current assets $3.56B$2.50B$2.64B$2.91B$3.70B$3.70B$3.78B$3.83B$3.25B$2.54B
Property, plant and equipment $316.0M$410.0M$427.0M$472.0M$919.0M$1.18B$1.22B$1.17B$1.17B$1.03B
Goodwill $800.0M$2.20B$3.15B$3.47B$5.97B$6.03B$5.97B$5.97B$5.98B$5.00B
Other intangibles $315.0M$385.0M$3.11B$3.18B$3.41B$3.45B$3.50B$3.67B$3.77B$2.74B
Total assets $8.46B$9.89B$11.72B$12.40B$16.14B$16.56B$14.93B$14.86B$14.32B$11.54B
Short-term debt $5.05B$585.0M$424.0M$216.0M$20.0M$410.0M$18.0M———
Total current liabilities $6.47B$2.23B$2.25B$2.02B$2.47B$2.84B$1.98B$2.46B$2.03B$1.46B
Long-term debt $1.0M$3.31B$3.91B$4.72B$5.02B$4.55B$5.10B———
Total liabilities $7.19B$6.52B$7.38B$7.83B$8.42B$8.42B$8.12B$8.03B$8.52B$7.65B
Retained earnings -$9.75B-$7.54B-$6.36B-$6.08B-$2.94B-$2.72B-$2.39B-$2.27B-$2.80B-$2.83B
Total equity $1.20B$3.29B$4.34B$4.57B$7.72B$8.09B$6.77B$6.83B$5.80B$3.90B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $419.0M$535.0M$1.09B$409.0M$1.17B$2.23B$1.32B$1.16B$1.20B$1.18B
Depreciation and amortisation $369.0M$351.0M$372.0M$401.0M$429.0M$453.0M$468.0M$411.0M$519.0M$605.0M
Stock-based compensation $15.0M$20.0M$37.0M$36.0M$44.0M$37.0M$39.0M$46.0M$39.0M$32.0M
Capital expenditure $132.0M$173.0M$182.0M$216.0M$210.0M$218.0M$291.0M———
Investing cash flow -$221.0M-$206.0M-$47.0M$638.0M-$255.0M-$279.0M-$407.0M-$413.0M-$181.0M-$221.0M
Financing cash flow $1.03B-$321.0M-$1.09B-$1.17B-$1.06B-$1.85B-$894.0M-$485.0M-$1.04B-$981.0M
Dividends paid ——————$879.0M$367.0M$866.0M$703.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001254699-26-000004.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B Revenue, FY2016: 8.7B Gross profit, FY2016: 3.1B Net income, FY2016: 604M Revenue, FY2017: 8.8B Gross profit, FY2017: 3.2B Net income, FY2017: 901M Revenue, FY2018: 11.3B Gross profit, FY2018: 4B Net income, FY2018: 882M Revenue, FY2019: 11B Gross profit, FY2019: 3.8B Net income, FY2019: 767M Revenue, FY2020: 11.5B Gross profit, FY2020: 4.1B Net income, FY2020: 844M Revenue, FY2021: 11.4B Gross profit, FY2021: 4B Net income, FY2021: 787M Revenue, FY2022: 9.9B Gross profit, FY2022: 3.1B Net income, FY2022: -1.9B Revenue, FY2023: 9.4B Gross profit, FY2023: 3.2B Net income, FY2023: 159M Revenue, FY2024: 9B Gross profit, FY2024: 3.1B Net income, FY2024: -1.1B Revenue, FY2025: 8.3B Gross profit, FY2025: 2.8B Net income, FY2025: -2.2B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $8.68B $8.77B $11.28B $10.99B $11.47B $11.35B $9.89B $9.45B $9.00B $8.29B
Gross profit $3.14B $3.17B $4.03B $3.84B $4.05B $3.99B $3.14B $3.18B $3.09B $2.79B
Net income $604.0M $901.0M $882.0M $767.0M $844.0M $787.0M -$1.87B $159.0M -$1.07B -$2.17B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Change of control Control of the company has changed hands. Item 5.01
  • Officer or director change Item 5.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Bankruptcy or receivership The company has entered bankruptcy or had a receiver appointed. Item 1.03
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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