NASDAQ : QVCG
QVC Group Inc. — Financial statements
United States
Last price 6.9 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 345.00M
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Financial statements
QVC Group Inc. (QVCG) reported revenue of 8.84B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 8.84B | 9.23B | 10.04B | 10.91B | 12.11B | 14.04B |
| Cost of Revenue | 5.84B | 6.06B | 6.52B | 7.23B | 8.42B | 9.23B |
| Gross Profit | 3.01B | 3.17B | 3.51B | 3.69B | 3.69B | 4.81B |
| Selling, General & Admin | 2.44B | 2.41B | 2.44B | 2.66B | 2.78B | 2.81B |
| Other Operating Expenses | 90.00M | -167.00M | 21.00M | |||
| Operating Expenses | 2.77B | 2.76B | 2.83B | 3.16B | 3.09B | 3.36B |
| Operating Income | 235.00M | 402.00M | 688.00M | 524.00M | 595.00M | 1.45B |
| Interest Expense | -425.00M | -496.00M | -468.00M | -451.00M | -456.00M | -468.00M |
| Interest & Investment Income | 59.00M | 50.00M | 50.00M | 52.00M | 10.00M | 5.00M |
| Other Non Operating Income (Expenses) | 101.00M | -34.00M | -42.00M | -39.00M | 166.00M | -63.00M |
| EBT Excluding Unusual Items | -30.00M | -78.00M | 228.00M | 86.00M | 315.00M | 924.00M |
| Merger & Restructuring Charges | -12.00M | -98.00M | -18.00M | -18.00M | -13.00M | |
| Impairment of Goodwill | -12.00M | -1.48B | -902.00M | -326.00M | -2.76B | -233.00M |
| Gain (Loss) on Sale of Investments | -10.00M | -5.00M | -22.00M | -22.00M | 13.00M | 77.00M |
| Gain (Loss) on Sale of Assets | 15.00M | 5.00M | 1.00M | 66.00M | 520.00M | |
| Asset Writedown | -930.00M | -578.00M | -320.00M | -130.00M | ||
| Other Unusual Items | -49.00M | -62.00M | ||||
| Pretax Income | -98.00M | -2.58B | -1.29B | 66.00M | -2.31B | 638.00M |
| Income Tax Expense | 70.00M | -185.00M | -41.00M | 160.00M | 224.00M | 217.00M |
| Earnings From Continuing Operations | -168.00M | -2.40B | -1.25B | -94.00M | -2.53B | 421.00M |
| Net Income to Company | -168.00M | -2.40B | -1.25B | -94.00M | -2.53B | 421.00M |
| Minority Interest in Earnings | -36.00M | -41.00M | -40.00M | -51.00M | -62.00M | -81.00M |
| Net Income | -204.00M | -2.44B | -1.29B | -145.00M | -2.59B | 340.00M |
| Net Income to Common | -204.00M | -2.44B | -1.29B | -145.00M | -2.59B | 340.00M |
| Shares Outstanding (Basic) | 8.08M | 8.05M | 7.92M | 7.74M | 7.60M | 8.06M |
| Shares Outstanding (Diluted) | 8.08M | 8.05M | 7.92M | 7.74M | 7.60M | 8.30M |
| EPS (Basic) | -25.25 | -302.94 | -162.88 | -18.75 | -341.32 | 42.18 |
| EPS (Diluted) | -25.25 | -302.97 | -163.00 | -18.75 | -341.50 | 41.00 |
| Free Cash Flow | 34.00M | 118.00M | 326.00M | 689.00M | -74.00M | 981.00M |
| Free Cash Flow Per Share | 4.21 | 14.66 | 41.16 | 89.08 | -9.74 | 118.19 |
| Gross Margin | 34.00% | 34.30% | 35.00% | 33.76% | 30.47% | 34.27% |
| Operating Margin | 2.66% | 4.35% | 6.86% | 4.80% | 4.92% | 10.32% |
| Profit Margin | -2.31% | -26.42% | -12.85% | -1.33% | -21.43% | 2.42% |
| Free Cash Flow Margin | 0.38% | 1.28% | 3.25% | 6.31% | -0.61% | 6.98% |
| EBITDA | 569.00M | 755.00M | 1.07B | 931.00M | 1.08B | 1.99B |
| EBITDA Margin | 6.43% | 8.18% | 10.67% | 8.53% | 8.89% | 14.15% |
| D&A For EBITDA | 334.00M | 353.00M | 383.00M | 407.00M | 481.00M | 537.00M |
| EBIT | 235.00M | 402.00M | 688.00M | 524.00M | 595.00M | 1.45B |
| EBIT Margin | 2.66% | 4.35% | 6.86% | 4.80% | 4.92% | 10.32% |
| Effective Tax Rate | 242.42% | 34.01% | ||||
| Advertising Expenses | 532.00M | 484.00M | 497.00M | 536.00M | 560.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.37B | 1.97B | 905.00M | 1.12B | 1.27B | 587.00M |
| Cash & Short-Term Investments | 1.37B | 1.97B | 905.00M | 1.12B | 1.27B | 587.00M |
| Accounts Receivable | 694.00M | 1.04B | 1.14B | 1.31B | 1.35B | 1.64B |
| Other Receivables | 40.00M | 35.00M | ||||
| Receivables | 694.00M | 1.04B | 1.14B | 1.31B | 1.39B | 1.68B |
| Inventory | 949.00M | 972.00M | 1.06B | 1.04B | 1.35B | 1.62B |
| Restricted Cash | 493.00M | 61.00M | 18.00M | 15.00M | 10.00M | 9.00M |
| Other Current Assets | 185.00M | 178.00M | 172.00M | 194.00M | 250.00M | 550.00M |
| Total Current Assets | 3.69B | 4.22B | 3.30B | 3.68B | 4.28B | 4.45B |
| Property, Plant & Equipment | 926.00M | 971.00M | 1.10B | 1.15B | 1.16B | 1.38B |
| Goodwill | 777.00M | 800.00M | 2.22B | 3.16B | 3.50B | 6.34B |
| Other Intangible Assets | 1.45B | 1.53B | 2.52B | 3.22B | 3.33B | 3.78B |
| Other Long-Term Assets | 143.00M | 123.00M | 103.00M | 151.00M | 310.00M | 251.00M |
| Total Assets | 6.99B | 7.64B | 9.24B | 11.37B | 12.57B | 16.20B |
| Accounts Payable | 439.00M | 701.00M | 776.00M | 895.00M | 976.00M | 1.43B |
| Accrued Expenses | 565.00M | 801.00M | 953.00M | 983.00M | 1.13B | 1.24B |
| Current Portion of Long-Term Debt | 1.00M | 5.08B | 867.00M | 642.00M | 828.00M | 1.31B |
| Current Portion of Leases | 1.00M | 38.00M | 41.00M | 40.00M | 78.00M | 84.00M |
| Other Current Liabilities | 93.00M | 59.00M | 87.00M | 57.00M | 84.00M | 160.00M |
| Total Current Liabilities | 1.10B | 6.67B | 2.72B | 2.62B | 3.10B | 4.22B |
| Long-Term Debt | 2.15B | 5.37B | 5.97B | 6.79B | 6.93B | |
| Long-Term Leases | 565.00M | 582.00M | 598.00M | 616.00M | 520.00M | 440.00M |
| Long-Term Deferred Tax Liabilities | 970.00M | 1.14B | 1.31B | 1.53B | 1.44B | 1.35B |
| Other Long-Term Liabilities | 8.09B | 106.00M | 120.00M | 147.00M | 196.00M | 267.00M |
| Total Liabilities | 10.72B | 10.66B | 10.13B | 10.88B | 12.05B | 13.22B |
| Common Stock | 4.00M | 4.00M | 4.00M | |||
| Additional Paid-In Capital | 142.00M | 142.00M | 138.00M | 99.00M | 53.00M | |
| Retained Earnings | -3.62B | -3.53B | -1.09B | 196.00M | 337.00M | 2.92B |
| Comprehensive Income & Other | -341.00M | 291.00M | -15.00M | 86.00M | 18.00M | -79.00M |
| Total Common Equity | -3.82B | -3.10B | -971.00M | 385.00M | 412.00M | 2.85B |
| Minority Interest | 82.00M | 83.00M | 86.00M | 104.00M | 113.00M | 136.00M |
| Shareholders' Equity | -3.74B | -3.02B | -885.00M | 489.00M | 525.00M | 2.99B |
| Total Liabilities & Equity | 6.99B | 7.64B | 9.24B | 11.37B | 12.57B | 16.20B |
| Total Debt | 567.00M | 7.85B | 6.88B | 7.27B | 8.22B | 8.77B |
| Net Cash (Debt) | 800.00M | -5.88B | -5.97B | -6.14B | -6.94B | -8.19B |
| Net Cash Per Share | 99.01 | -729.97 | -754.29 | -794.44 | -913.42 | -986.39 |
| Filing Date Shares Outstanding | 8.09M | 8.09M | 7.97M | 7.83M | 7.66M | 7.59M |
| Total Common Shares Outstanding | 8.09M | 8.09M | 7.97M | 7.83M | 7.66M | 7.59M |
| Working Capital | 2.59B | -2.45B | 575.00M | 1.06B | 1.18B | 224.00M |
| Book Value Per Share | -471.83 | -383.40 | -121.81 | 49.14 | 53.82 | 375.70 |
| Tangible Book Value | -6.05B | -5.43B | -5.71B | -6.00B | -6.42B | -7.27B |
| Tangible Book Value Per Share | -747.33 | -671.08 | -716.29 | -766.18 | -838.51 | -958.62 |
| Land | 45.00M | 63.00M | 68.00M | 73.00M | 116.00M | |
| Buildings | 416.00M | 452.00M | 421.00M | 453.00M | 998.00M | |
| Machinery | 872.00M | 894.00M | 917.00M | 1.04B | 1.16B | |
| Construction In Progress | 42.00M | 51.00M | 59.00M | 77.00M | 55.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -204.00M | -2.44B | -1.29B | -145.00M | -2.59B | 340.00M |
| Depreciation & Amortization | 334.00M | 353.00M | 383.00M | 407.00M | 481.00M | 537.00M |
| Loss (Gain) From Sale of Assets | -15.00M | -5.00M | -1.00M | -49.00M | -520.00M | |
| Asset Writedown & Restructuring Costs | 28.00M | 2.45B | 1.48B | 326.00M | 3.08B | 363.00M |
| Loss (Gain) From Sale of Investments | 5.00M | 5.00M | 22.00M | 22.00M | -13.00M | -77.00M |
| Stock-Based Compensation | 8.00M | 16.00M | 32.00M | 53.00M | 60.00M | 72.00M |
| Other Operating Activities | 82.00M | -50.00M | -132.00M | 195.00M | -32.00M | 272.00M |
| Change in Accounts Receivable | 120.00M | 104.00M | 144.00M | 36.00M | 124.00M | 27.00M |
| Change in Inventory | 235.00M | 112.00M | -28.00M | 257.00M | 254.00M | -440.00M |
| Change in Accounts Payable | -198.00M | -89.00M | -104.00M | -34.00M | -446.00M | 147.00M |
| Change in Other Net Operating Assets | -204.00M | -185.00M | 19.00M | -149.00M | -201.00M | -16.00M |
| Operating Cash Flow | 191.00M | 274.00M | 525.00M | 919.00M | 194.00M | 1.23B |
| Capital Expenditures | -157.00M | -156.00M | -199.00M | -230.00M | -268.00M | -244.00M |
| Sale of Property, Plant & Equipment | 24.00M | 12.00M | 6.00M | 208.00M | 704.00M | 54.00M |
| Divestitures | -41.00M | |||||
| Sale (Purchase) of Intangibles | -20.00M | -93.00M | -37.00M | -113.00M | -45.00M | -187.00M |
| Investment in Securities | 7.00M | 71.00M | 13.00M | -121.00M | ||
| Other Investing Activities | -8.00M | -2.00M | 51.00M | 197.00M | -3.00M | |
| Investing Cash Flow | -153.00M | -245.00M | -225.00M | -54.00M | 601.00M | -501.00M |
| Long-Term Debt Issued | 1.99B | 2.01B | 1.27B | 3.03B | 1.04B | |
| Long-Term Debt Repaid | -870.00M | -2.45B | -2.26B | -3.01B | -594.00M | |
| Net Debt Issued (Repaid) | 966.00M | 1.12B | -440.00M | -991.00M | 21.00M | 443.00M |
| Repurchase of Common Stock | -7.00M | -394.00M | ||||
| Common Dividends Paid | -1.00M | -4.00M | -8.00M | -12.00M | -15.00M | |
| Other Financing Activities | -50.00M | -51.00M | -54.00M | -11.00M | -74.00M | -460.00M |
| Financing Cash Flow | 916.00M | 1.06B | -498.00M | -1.01B | -72.00M | -914.00M |
| Foreign Exchange Rate Adjustments | -21.00M | 17.00M | -15.00M | -4.00M | -34.00M | -28.00M |
| Net Cash Flow | 933.00M | 1.11B | -213.00M | -149.00M | 689.00M | -218.00M |
| Free Cash Flow | 34.00M | 118.00M | 326.00M | 689.00M | -74.00M | 981.00M |
| Free Cash Flow Margin | 0.38% | 1.28% | 3.25% | 6.31% | -0.61% | 6.98% |
| Free Cash Flow Per Share | 4.21 | 14.66 | 41.16 | 89.08 | -9.74 | 118.19 |
| Levered Free Cash Flow | -525.75M | -50.75M | 364.50M | 343.62M | 543.88M | 641.75M |
| Unlevered Free Cash Flow | -260.12M | 259.25M | 657.00M | 625.50M | 828.88M | 934.25M |
| Cash Interest Paid | 414.00M | 414.00M | 458.00M | 471.00M | 447.00M | 458.00M |
| Cash Income Tax Paid | 106.00M | 106.00M | 153.00M | 107.00M | 284.00M | 29.00M |
| Change in Working Capital | -47.00M | -58.00M | 31.00M | 110.00M | -269.00M | -282.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Debt / Equity Ratio | -0.15 | -2.60 | -7.77 | 14.86 | 15.65 | 2.94 |
| Debt / EBITDA Ratio | 0.78 | 8.57 | 5.59 | 6.61 | 6.83 | 4.21 |
| Debt / FCF Ratio | 16.68 | 66.52 | 21.10 | 10.55 | 8.94 | |
| Net Debt / Equity Ratio | 0.21 | -1.95 | -6.75 | 12.57 | 13.22 | 2.74 |
| Net Debt / EBITDA Ratio | -1.41 | 7.78 | 5.58 | 6.60 | 6.45 | 4.12 |
| Net Debt / FCF Ratio | -23.53 | 49.80 | 18.32 | 8.92 | -93.81 | 8.35 |
| Asset Turnover | 1.29 | 1.09 | 0.97 | 0.91 | 0.84 | 0.85 |
| Inventory Turnover | 5.45 | 5.97 | 6.20 | 6.05 | 5.67 | 6.31 |
| Quick Ratio | 1.88 | 0.45 | 0.75 | 0.93 | 0.86 | 0.54 |
| Current Ratio | 3.36 | 0.63 | 1.21 | 1.41 | 1.38 | 1.05 |
| Return on Equity (ROE) | -18.54% | -144.23% | 12.53% | |||
| Return on Assets (ROA) | 2.15% | 2.98% | 4.17% | 2.74% | 2.58% | 5.46% |
| Return on Invested Capital (ROIC) | 7.01% | 10.74% | 10.46% | -10.59% | 6.38% | 8.38% |
| Return on Capital Employed (ROCE) | 4.00% | 41.50% | 10.60% | 6.00% | 6.30% | 12.10% |
| Payout Ratio | 4.41% | |||||
| Buyback Yield / Dilution | -1.02% | -1.65% | -2.39% | -1.78% | 8.43% | 1.43% |