QVC Group, Inc.QVCGAEarnings & 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
$2.3B
Gross Profit
$831.0M
Operating Profit
$145.0M
Net Profit
$-1.0M
Gross Margin
35.5%
Operating Margin
6.2%
Net Margin
-0.0%
YoY Growth
-11.4%
QVC Group, Inc. Q1 FY2024 Financial Summary
QVC Group, Inc. reported revenue of $2.3B (down 11.4% YoY) for Q1 FY2024, with a net profit of $-1.0M (down 105.0% YoY) (-0.0% margin). Cost of goods sold was $1.5B, operating expenses totaled $686.0M.
Key Financial Metrics
| Total Revenue | $2.3B |
|---|---|
| Net Profit | $-1.0M |
| Gross Margin | 35.5% |
| Operating Margin | 6.2% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
QVC Group, Inc. Q1 FY2024 revenue of $2.3B breaks down across 9 segments, led by Home at $589.0M (25.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Home | $589.0M | 25.1% |
| Qvc International | $572.0M | 24.4% |
| Apparel | $282.0M | 12.0% |
| Beauty | $239.0M | 10.2% |
| Cbi | $231.0M | 9.9% |
| Accessories | $201.0M | 8.6% |
| Electronics | $108.0M | 4.6% |
| Jewelry | $80.0M | 3.4% |
| Manufactured Product Other | $40.0M | 1.7% |
QVC Group, Inc. Revenue by Segment — Quarterly Trend
QVC Group, 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 | — | — | $593.0M | $537.0M |
| Apparel | $254.0M | $283.0M | $299.0M | $258.0M |
| Beauty | $260.0M | $204.0M | $208.0M | $211.0M |
| Cbi | — | — | $252.0M | $200.0M |
QVC Group, Inc. Annual Revenue by Year
QVC Group, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $9.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $9.2B |
| 2024 | $10.0B |
| 2023 | $10.9B |
| 2022 | $12.1B |
QVC Group, Inc. Quarterly Revenue & Net Profit History
QVC Group, 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 | $2.7B | -9.1% | $-37.0M | -1.4% |
| Q3 FY2025 | $2.2B | -5.6% | $-80.0M | -3.6% |
| Q2 FY2025 | $2.2B | -7.1% | $-2.2B | -99.4% |
| Q1 FY2025 | $2.1B | -10.1% | $-100.0M | -4.8% |
| Q4 FY2024 | $2.9B | -6.3% | $-1.3B | -43.7% |
| Q3 FY2024 | $2.3B | -5.4% | $-23.0M | -1.0% |
| Q2 FY2024 | $2.4B | -9.1% | $20.0M | 0.8% |
| Q1 FY2024 | $2.3B | -11.4% | $-1.0M | -0.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.34B | $2.41B | $2.34B | $2.94B | $2.10B | $2.24B | $2.21B | $2.68B |
| YoY Growth | -11.4% | -9.1% | -5.4% | -6.3% | -10.1% | -7.1% | -5.6% | -9.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $10.98B | $10.94B | $10.77B | $9.24B | $8.98B | $6.70B | $7.56B | $7.64B |
| Liabilities | $10.63B | $10.52B | $10.29B | $10.13B | $9.87B | $9.59B | $10.54B | $10.66B |
| Equity | $255.0M | $328.0M | $397.0M | $-971.0M | $-981.0M | $-2.98B | $-3.07B | $-3.10B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $26.0M | $267.0M | $20.0M | $212.0M | $-60.0M | $86.0M | $4.0M | $244.0M |