QVC Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	9,498	10,037	10,915	12,106	14,044	14,177
Revenue Growth (YoY)	-7.21%	-8.04%	-9.84%	-13.80%	-0.94%	5.34%
Cost of Revenue	6,233	6,524	7,230	8,417	9,231	9,291
Gross Profit	3,265	3,513	3,685	3,689	4,813	4,886
Selling, General & Admin	1,710	1,708	1,869	1,945	1,930	1,885
Depreciation & Amortization Expenses	403	383	407	481	537	562
Other Operating Expenses	4,621	2,233	1,045	4,344	1,259	867
Total Operating Expenses	6,734	4,324	3,321	6,770	3,726	3,314
Operating Income	-3,469	-809	590	-2,041	1,087	1,572
Interest Income	486	518	503	466	473	564
Other Non-Operating Income (Expense)	-5	-64	3	179	14	43
Total Non-Operating Income (Expense)	481	454	506	645	487	607
Pretax Income	-3,939	-1,291	66	-2,308	638	1,051
Provision for Income Taxes	-291	-41	160	224	217	-203
Net Income	-3,688	-1,290	-145	-2,594	340	1,196
Minority Interest in Earnings	40	40	51	62	81	58
Net Income to Common	-3,688	-1,290	-145	-2,594	340	1,196
Net Income Growth	-	-	-	-	-71.57%	-
Shares Outstanding (Basic)	109	8	8	8	8	8
Shares Outstanding (Diluted)	109	8	8	8	8	8
Shares Change (YoY)	-0.19%	2.06%	1.31%	-7.71%	-1.43%	-0.71%
EPS (Basic)	-190.79	-163.00	-18.50	-341.50	42.00	144.00
EPS (Diluted)	-190.79	-163.00	-18.50	-341.50	41.00	142.00
EPS Growth	-	-	-	-	-71.13%	-
Free Cash Flow	77	326	689	-74	981	2,198
Free Cash Flow Growth	-76.38%	-52.69%	-	-	-55.37%	129.20%
Free Cash Flow Per Share	0.71	41.16	88.79	-9.66	118.19	261.05
Gross Margin	34.38%	35.00%	33.76%	30.47%	34.27%	34.46%
Operating Margin	-36.52%	-8.06%	5.41%	-16.86%	7.74%	11.09%
Profit Margin	-38.41%	-12.45%	-0.86%	-20.92%	3.00%	8.85%
FCF Margin	0.81%	3.25%	6.31%	-0.61%	6.99%	15.50%
EBITDA	-3,066	-426	997	-1,560	1,624	2,134
EBITDA Margin	-32.28%	-4.24%	9.13%	-12.89%	11.56%	15.05%
EBIT	-3,469	-809	590	-2,041	1,087	1,572
EBIT Margin	-36.52%	-8.06%	5.41%	-16.86%	7.74%	11.09%
Effective Tax Rate	7.39%	3.18%	242.42%	-9.71%	34.01%	-19.31%

Updated Nov 5, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q