QVC INCQVCDEarnings & Financial Report
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
Revenue
$2.1B
Gross Profit
$760.0M
Operating Profit
$163.0M
Net Profit
$53.0M
Gross Margin
35.6%
Operating Margin
7.6%
Net Margin
2.5%
YoY Growth
-4.0%
QVC INC Q2 FY2024 Financial Summary
QVC INC reported revenue of $2.1B (down 4.0% YoY) for Q2 FY2024, with a net profit of $53.0M (down 75.1% YoY) (2.5% margin). Cost of goods sold was $1.4B, operating expenses totaled $597.0M.
Key Financial Metrics
| Total Revenue | $2.1B |
|---|---|
| Net Profit | $53.0M |
| Gross Margin | 35.6% |
| Operating Margin | 7.6% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
QVC INC Q2 FY2024 revenue of $2.1B breaks down across 8 segments, led by Home at $596.0M (27.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Home | $596.0M | 27.9% |
| QVC International | $576.0M | 27.0% |
| Apparel | $328.0M | 15.4% |
| Beauty | $239.0M | 11.2% |
| Accessories | $212.0M | 9.9% |
| Electronics | $73.0M | 3.4% |
| Other | $73.0M | 3.4% |
| Otherrevenue | $37.0M | 1.7% |
QVC INC Revenue by Segment — Quarterly Trend
QVC INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Home and QVC International) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Home | $754.0M | $570.0M | $527.0M | $538.0M |
| QVC International | $661.0M | $566.0M | $593.0M | $537.0M |
| Apparel | $254.0M | $283.0M | $299.0M | $258.0M |
| Beauty | $260.0M | $204.0M | $208.0M | $211.0M |
| Accessories | $181.0M | $174.0M | $180.0M | $173.0M |
QVC INC Annual Revenue by Year
QVC INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $8.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $8.3B |
| 2024 | $9.0B |
| 2023 | $9.4B |
| 2022 | $9.9B |
QVC INC Quarterly Revenue & Net Profit History
QVC INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $2.4B | -8.9% | $37.0M | 1.5% |
| Q3 FY2025 | $2.0B | -5.3% | $2.0M | 0.1% |
| Q2 FY2025 | $2.0B | -7.0% | $-2.2B | -109.1% |
| Q1 FY2025 | $1.9B | -9.8% | $-42.0M | -2.2% |
| Q4 FY2024 | $2.7B | -6.3% | $-1.2B | -46.0% |
| Q3 FY2024 | $2.1B | -4.6% | $51.0M | 2.4% |
| Q2 FY2024 | $2.1B | -4.0% | $53.0M | 2.5% |
| Q1 FY2024 | $2.1B | -3.7% | $51.0M | 2.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.11B | $2.13B | $2.09B | $2.66B | $1.91B | $1.98B | $1.98B | $2.42B |
| YoY Growth | -3.7% | -4.0% | -4.6% | -6.3% | -9.8% | -7.0% | -5.3% | -8.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $11.38B | $11.24B | $9.89B | $9.89B | $9.68B | $7.38B | $8.33B | $8.46B |
| Liabilities | $7.07B | $6.91B | $6.71B | $6.52B | $6.34B | $6.11B | $7.07B | $7.19B |
| Equity | $4.23B | $4.25B | $4.63B | $3.29B | $3.26B | $1.18B | $1.17B | $1.20B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $84.0M | $164.0M | $98.0M | $189.0M | $46.0M | $52.0M | $76.0M | $245.0M |