QVC INC 6.25 % 2068 (QVCCQ) Financials

QVCCQ

FY2025 annual

Revenue $8.3B -7.8% YoY

Net Income -$2.2B -102.8% YoY

Free Cash Flow $287.0M -20.7% YoY

Operating Cash Flow $419.0M -21.7% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 4, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the QVCCQ SEC filings page.

QVC INC 6.25 % 2068 (QVCCQ) reported $8.3B in revenue for fiscal year 2025, down 7.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI QVCCQ FY2025 2026-08-29

QVCCQ’s dominant mechanic is cash generation surviving accounting losses while obligations migrate toward short-term liabilities.

In FY2025, cash conversion diverged from earnings: operating cash flow was $419M while net loss was -$2.2B, meaning reported losses did not translate one-for-one into cash outflow. Compared with FY2024, operating cash flow fell from $535M to $419M as the net loss deepened, so cash generation remained positive but weakened.

The balance sheet is shifting toward short-term pressure: current ratio fell from 1.1x in FY2024 to 0.6x in FY2025, leaving current assets below current liabilities. Long-term debt fell to $1M, but total liabilities remained $7.2B; against $1.2B of equity, the near-zero debt-to-equity ratio is an incomplete read of the obligation load.

Operating deterioration occurred below gross profit: gross margin held near 34.0% across FY2024 and FY2025, while operating margin worsened from -8.6% to -24.3%. The stable gross margin alongside sharply weaker operating results points to costs beneath the direct-cost line absorbing more of the business’s gross profit.

Financial Health Signals

Financial health score not available

QVC INC 6.25 % 2068 does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Neutral

5/9

QVC INC 6.25 % 2068 passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

N/A

QVC INC 6.25 % 2068 reported a net loss of $2.2B while generating $419.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

QVC INC 6.25 % 2068 reported an operating loss of $2.0B against $286.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.8B

YoY-11.0%

QoQ-0.2%

5Y CAGR-8.7%

10Y CAGR-1.5%

QVC INC 6.25 % 2068 generated $1.8B in revenue in Q2 2026. This represents a decrease of 11.0% from the same quarter a year earlier. Against the prior quarter it is down 0.2%.

EBITDA

$133.0M

YoY+106.1%

QoQ+2.3%

5Y CAGR-24.0%

QVC INC 6.25 % 2068's EBITDA was $133.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 106.1% from the same quarter a year earlier. Against the prior quarter it is up 2.3%.

Net Income

-$31.0M

YoY+98.6%

QoQ-24.0%

QVC INC 6.25 % 2068 reported -$31.0M in net income in Q2 2026. This represents an increase of 98.6% from the same quarter a year earlier. Against the prior quarter it is down 24.0%.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$1.5B

YoY+320.0%

QoQ+6.7%

5Y CAGR+15.5%

10Y CAGR+16.3%

QVC INC 6.25 % 2068 held $1.5B in cash against $0 in long-term debt as of Q2 2026.

Shares Outstanding

YoY0.0%

QoQ0.0%

5Y CAGR0.0%

10Y CAGR0.0%

QVC INC 6.25 % 2068 had 1 shares outstanding in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

34.1%

YoY-1.4pp

QoQ+0.8pp

5Y change-2.8pp

QVC INC 6.25 % 2068's gross margin was 34.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.

Operating Margin

3.5%

QoQ+0.3pp

5Y change-11.7pp

10Y change-11.4pp

QVC INC 6.25 % 2068's operating margin was 3.5% in Q2 2026, reflecting core business profitability. Against the prior quarter it is up 0.3 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

-1.8%

QoQ-0.4pp

5Y change-10.4pp

10Y change-9.4pp

QVC INC 6.25 % 2068's net profit margin was -1.8% in Q2 2026, showing the share of revenue converted to profit. Against the prior quarter it is down 0.4 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

QVCCQ Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

QVCCQ quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$7.9B	$8.3B-7.8%	$9.0B-4.8%	$9.4B-4.4%	$9.9B-12.9%	$11.4B-1.0%	$11.5B+4.4%	$11.0B-2.6%	$11.3B+28.6%	$8.8B+1.0%	$8.7B-0.7%	$8.7B-0.7%	$8.8B+2.1%	$8.6B+1.3%	$8.5B+3.0%	$8.3B
Cost of Revenue	$5.3B	$5.5B-6.8%	$5.9B-5.9%	$6.3B-8.4%	$6.8B-7.1%	$7.4B-0.7%	$7.4B+3.8%	$7.1B-1.4%	$7.2B+29.5%	$5.6B+1.0%	$5.5B+0.2%	$5.5B-0.3%	$5.5B+1.5%	$5.5B+0.8%	$5.4B+2.7%	$5.3B
Gross Profit	$2.6B	$2.8B-9.8%	$3.1B-2.6%	$3.2B+1.3%	$3.1B-21.3%	$4.0B-1.7%	$4.1B+5.6%	$3.8B-4.9%	$4.0B+27.1%	$3.2B+1.0%	$3.1B-2.3%	$3.2B-1.2%	$3.3B+3.0%	$3.2B+2.0%	$3.1B+3.6%	$3.0B
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$744.0M+2.2%	$728.0M-2.3%	$745.0M-3.2%	$770.0M+3.4%	$745.0M+26.7%	$588.0M+9.9%	$535.0M
Operating Income	$344.0M	-$2.0B-161.9%	-$770.0M-219.4%	$645.0M+146.1%	-$1.4B-192.8%	$1.5B-3.8%	$1.6B+18.1%	$1.3B-12.2%	$1.5B+15.5%	$1.3B+8.8%	$1.2B-5.6%	$1.3B-0.3%	$1.3B+2.7%	$1.2B-1.8%	$1.3B+11.5%	$1.1B
EBITDA	N/A	-$1.6B-293.3%	-$419.0M-141.2%	$1.0B+201.9%	-$998.0M-151.5%	$1.9B-4.2%	$2.0B+12.5%	$1.8B-6.7%	$1.9B+5.2%	$1.8B+1.1%	$1.8B-3.0%	$1.9B-0.2%	$1.9B+3.5%	$1.8B+0.5%	$1.8B+4.9%	$1.7B
Interest Expense	$247.0M	$286.0M+7.1%	$267.0M+8.1%	$247.0M+208.3%	-$228.0M+8.4%	-$249.0M+3.1%	-$257.0M-7.1%	-$240.0M+1.2%	-$243.0M-13.6%	-$214.0M-1.9%	-$210.0M-1.0%	-$208.0M+13.0%	-$239.0M-211.7%	$214.0M-8.2%	$233.0M+1.7%	$229.0M
Income Tax	$65.0M	-$153.0M-5200.0%	$3.0M-98.5%	$205.0M-6.8%	$220.0M-46.1%	$408.0M+18.3%	$345.0M+31.7%	$262.0M-21.6%	$334.0M+140.3%	$139.0M-63.9%	$385.0M-1.0%	$389.0M+9.9%	$354.0M+0.3%	$353.0M-10.4%	$394.0M+15.2%	$342.0M
Net Income	-$17.0M	-$2.2B-102.8%	-$1.1B-772.3%	$159.0M+108.5%	-$1.9B-337.2%	$787.0M-6.8%	$844.0M+10.0%	$767.0M-13.0%	$882.0M-2.1%	$901.0M+49.2%	$604.0M-3.8%	$628.0M+5.7%	$594.0M+1.0%	$588.0M-5.8%	$624.0M+11.4%	$560.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$1.8B-11.0%	$1.8B-7.1%	$2.4B-8.9%	$2.0B-5.3%	$2.0B-7.0%	$1.9B-9.8%	$2.7B-6.3%	$2.1B-4.6%
Cost of Revenue	$1.2B-9.1%	$1.2B-7.2%	$1.6B-8.7%	$1.3B-3.6%	$1.3B-6.8%	$1.3B-7.4%	$1.8B-5.9%	$1.4B-4.1%
Gross Profit	$601.0M-14.5%	$589.0M-7.1%	$786.0M-9.4%	$665.0M-8.4%	$703.0M-7.5%	$634.0M-14.1%	$868.0M-7.0%	$726.0M-5.7%
Operating Income	$62.0M+102.7%	$56.0M+93.1%	$135.0M+110.8%	$91.0M-44.5%	-$2.3B-1493.9%	$29.0M-81.5%	-$1.3B-1009.7%	$164.0M+6.5%
EBITDA	$133.0M+106.1%	$130.0M+4.8%	$214.0M+118.3%	$188.0M-25.1%	-$2.2B-966.1%	$124.0M-50.2%	-$1.2B-5218.2%	$251.0M-0.4%
Interest Expense	$15.0M-77.3%	$76.0M+18.8%	$222.0M-51.5%	-$66.0M-6.5%	$66.0M+198.5%	$64.0M+203.2%	$458.0M+10.6%	-$62.0M+1.6%
Income Tax	$18.0M+109.5%	$8.0M+500.0%	$24.0M+127.6%	$15.0M-44.4%	-$190.0M-712.9%	-$2.0M-106.3%	-$87.0M-371.9%	$27.0M-20.6%
Net Income	-$31.0M+98.6%	-$25.0M+40.5%	$37.0M+103.0%	$2.0M-96.1%	-$2.2B-4184.9%	-$42.0M-182.4%	-$1.2B-439.2%	$51.0M0.0%

Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

QVCCQ Balance Sheet

QVCCQ quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$8.5B-14.5%	$9.9B-15.6%	$11.7B-5.5%	$12.4B-23.2%	$16.1B-2.5%	$16.6B+10.9%	$14.9B+0.5%	$14.9B+3.8%	$14.3B+24.0%	$11.5B-4.3%	$12.1B-1.4%	$12.2B-6.4%	$13.1B-2.8%	$13.4B	N/A
Current Assets	$3.6B+42.3%	$2.5B-5.1%	$2.6B-9.3%	$2.9B-21.4%	$3.7B-0.1%	$3.7B-2.0%	$3.8B-1.4%	$3.8B+18.1%	$3.2B+28.0%	$2.5B-5.3%	$2.7B+7.7%	$2.5B-8.6%	$2.7B0.0%	$2.7B	N/A
Cash & Equivalents	$1.5B+403.7%	$297.0M-3.3%	$307.0M-14.0%	$357.0M-30.0%	$510.0M-25.2%	$682.0M+21.6%	$561.0M+3.3%	$543.0M+92.6%	$282.0M-0.7%	$284.0M-13.1%	$327.0M-5.8%	$347.0M0.0%	$347.0M-35.7%	$540.0M-3.6%	$560.0M
Inventory	$832.0M-7.7%	$901.0M+4.8%	$860.0M-16.9%	$1.0B-23.6%	$1.4B+21.1%	$1.1B-7.8%	$1.2B-5.2%	$1.3B+6.3%	$1.2B+26.7%	$950.0M+2.3%	$929.0M+5.3%	$882.0M-5.3%	$931.0M+2.4%	$909.0M	N/A
Accounts Receivable	$1.0B-10.4%	$1.1B-12.4%	$1.3B-4.9%	$1.4B-17.2%	$1.6B+2.7%	$1.6B-11.6%	$1.8B+1.5%	$1.8B+6.4%	$1.7B+34.8%	$1.2B-9.1%	$1.4B+14.5%	$1.2B+7.7%	$1.1B+5.3%	$1.1B	N/A
Goodwill	$800.0M-63.7%	$2.2B-30.1%	$3.2B-9.2%	$3.5B-41.9%	$6.0B-1.1%	$6.0B+1.1%	$6.0B0.0%	$6.0B-0.1%	$6.0B+19.7%	$5.0B-0.8%	$5.0B-1.1%	$5.1B-2.0%	$5.2B-0.7%	$5.2B-0.1%	$5.2B
Total Liabilities	$7.2B+10.2%	$6.5B-11.7%	$7.4B-5.7%	$7.8B-7.0%	$8.4B0.0%	$8.4B+3.7%	$8.1B+1.2%	$8.0B-5.8%	$8.5B+11.4%	$7.7B-3.7%	$7.9B+10.6%	$7.2B+6.9%	$6.7B+1.7%	$6.6B	N/A
Current Liabilities	$6.5B+189.6%	$2.2B-0.8%	$2.3B+11.7%	$2.0B-18.4%	$2.5B-13.0%	$2.8B+43.7%	$2.0B-19.5%	$2.5B+20.8%	$2.0B+39.1%	$1.5B-5.1%	$1.5B+1.1%	$1.5B+3.8%	$1.5B-4.3%	$1.5B	N/A
Non-Current Liabilities	$722.0M-83.2%	$4.3B-16.5%	$5.1B-11.8%	$5.8B-2.3%	$6.0B+6.6%	$5.6B-9.2%	$6.1B+10.3%	$5.6B-14.2%	$6.5B+4.9%	$6.2B-3.3%	$6.4B+13.2%	$5.7B+7.8%	$5.2B+3.5%	$5.1B	N/A
Long-Term Debt	$1.0M-100.0%	$3.3B-15.3%	$3.9B-17.2%	$4.7B-6.0%	$5.0B+10.4%	$4.5B-10.8%	$5.1B+8.6%	$4.7B-16.6%	$5.6B+6.8%	$5.3B-2.2%	$5.4B+17.8%	$4.6B+20.5%	$3.8B+9.7%	$3.5B	N/A
Total Equity	$1.2B-63.7%	$3.3B-22.5%	$4.3B-5.1%	$4.5B-41.1%	$7.6B-5.0%	$8.0B+19.9%	$6.7B-0.5%	$6.7B+18.0%	$5.7B+49.8%	$3.8B-5.6%	$4.0B-18.7%	$4.9B-20.6%	$6.2B-7.0%	$6.7B-16.6%	$8.0B
Retained Earnings	-$9.7B-29.3%	-$7.5B-18.5%	-$6.4B-4.6%	-$6.1B-106.7%	-$2.9B-8.1%	-$2.7B-13.9%	-$2.4B-5.3%	-$2.3B+18.9%	-$2.8B+1.2%	-$2.8B-6.1%	-$2.7B-47.9%	-$1.8B-191.1%	-$620.0M-285.1%	-$161.0M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$6.2B-16.1%	$8.0B-17.4%	$8.5B-14.5%	$8.3B-15.8%	$7.4B-34.4%	$9.7B-14.9%	$9.9B-15.6%	$9.9B-15.8%
Current Assets	$3.1B+35.4%	$3.2B+39.9%	$3.6B+42.3%	$3.4B+38.0%	$2.3B+0.3%	$2.3B-4.7%	$2.5B-5.1%	$2.4B+2.3%
Cash & Equivalents	$1.5B+320.0%	$1.4B+351.3%	$1.5B+403.7%	$1.4B+362.6%	$360.0M+14.3%	$314.0M+1.0%	$297.0M-3.3%	$297.0M+6.5%
Inventory	$805.0M-20.5%	$860.0M-14.1%	$832.0M-7.7%	$1.0B-8.5%	$1.0B+6.5%	$1.0B+4.7%	$901.0M+4.8%	$1.1B+8.9%
Accounts Receivable	$669.0M-18.5%	$750.0M-9.9%	$1.0B-10.4%	$829.0M-4.9%	$821.0M-7.1%	$832.0M-14.1%	$1.1B-12.4%	$872.0M-6.6%
Goodwill	$777.0M-4.9%	$782.0M-64.9%	$800.0M-63.7%	$808.0M-74.4%	$817.0M-73.8%	$2.2B-28.7%	$2.2B-30.1%	$3.2B-8.2%
Total Liabilities	$6.8B+10.6%	$6.8B+6.9%	$7.2B+10.2%	$7.1B+5.5%	$6.1B-11.5%	$6.3B-10.3%	$6.5B-11.7%	$6.7B-6.3%
Current Liabilities	$979.0M-26.2%	$6.1B+334.8%	$6.5B+189.6%	$1.3B-39.6%	$1.3B-35.9%	$1.4B-32.7%	$2.2B-0.8%	$2.2B+12.0%
Non-Current Liabilities	$5.8B+20.8%	$691.0M-86.0%	$722.0M-83.2%	$5.8B+27.4%	$4.8B-1.1%	$4.9B-0.9%	$4.3B-16.5%	$4.5B-13.2%
Long-Term Debt	$0-100.0%	$1.0M-100.0%	$1.0M-100.0%	$5.0B+47.8%	$4.0B+9.5%	$4.0B+5.4%	$3.3B-15.3%	$3.4B-16.1%
Total Equity	-$645.0M-154.5%	$1.1B-65.0%	$1.2B-63.7%	$1.2B-74.7%	$1.2B-72.2%	$3.3B-22.9%	$3.3B-22.5%	$4.6B+2.8%
Retained Earnings	-$9.8B-0.2%	-$9.8B-28.2%	-$9.7B-29.3%	-$9.8B-55.4%	-$9.8B-55.2%	-$7.6B-20.0%	-$7.5B-18.5%	-$6.3B-4.3%

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.

QVCCQ Cash Flow Statement

QVCCQ quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$377.0M	$419.0M-21.7%	$535.0M-51.1%	$1.1B+167.5%	$409.0M-65.0%	$1.2B-47.7%	$2.2B+69.0%	$1.3B+14.4%	$1.2B-3.8%	$1.2B+2.0%	$1.2B+14.6%	$1.0B-16.4%	$1.2B+26.3%	$973.0M-19.3%	$1.2B+47.4%	$818.0M
Depreciation & Amortization	N/A	$369.0M+5.1%	$351.0M-5.6%	$372.0M-7.2%	$401.0M-6.5%	$429.0M-5.3%	$453.0M-3.2%	$468.0M+13.9%	$411.0M-20.8%	$519.0M-14.2%	$605.0M+2.9%	$588.0M+0.2%	$587.0M+5.2%	$558.0M+6.1%	$526.0M-8.4%	$574.0M
Stock-Based Compensation	N/A	$15.0M-25.0%	$20.0M-45.9%	$37.0M+2.8%	$36.0M-18.2%	$44.0M+18.9%	$37.0M-5.1%	$39.0M-15.2%	$46.0M+17.9%	$39.0M+21.9%	$32.0M+3.2%	$31.0M-29.5%	$44.0M+15.8%	$38.0M+11.8%	$34.0M+54.5%	$22.0M
Capital Expenditures	N/A	$132.0M-23.7%	$173.0M-4.9%	$182.0M-15.7%	$216.0M+2.9%	$210.0M-3.7%	$218.0M-25.1%	$291.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	$287.0M-20.7%	$362.0M-60.3%	$912.0M+372.5%	$193.0M-79.9%	$959.0M-52.4%	$2.0B+95.5%	$1.0B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$130.0M	-$221.0M-7.3%	-$206.0M-338.3%	-$47.0M-107.4%	$638.0M+350.2%	-$255.0M+8.6%	-$279.0M+31.4%	-$407.0M+1.5%	-$413.0M-128.2%	-$181.0M+18.1%	-$221.0M+22.5%	-$285.0M-35.1%	-$211.0M+21.9%	-$270.0M+21.5%	-$344.0M-34.4%	-$256.0M
Financing Cash Flow	$926.0M	$1.0B+419.9%	-$321.0M+70.5%	-$1.1B+6.6%	-$1.2B-10.2%	-$1.1B+43.0%	-$1.9B-107.4%	-$894.0M-84.3%	-$485.0M+53.3%	-$1.0B-5.8%	-$981.0M-29.1%	-$760.0M+29.8%	-$1.1B-41.8%	-$763.0M+11.5%	-$862.0M-37.5%	-$627.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$879.0M+139.5%	$367.0M-57.6%	$866.0M+23.2%	$703.0M	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$154.0M+196.2%	-$98.0M-313.0%	$245.0M+29.6%	$76.0M-22.4%	$52.0M-68.3%	$46.0M-45.2%	$189.0M-42.7%	$98.0M-43.4%
Depreciation & Amortization	$71.0M-27.6%	$74.0M-22.1%	$79.0M-6.0%	$97.0M+11.5%	$98.0M+11.4%	$95.0M+3.3%	$84.0M-7.7%	$87.0M-11.2%
Stock-Based Compensation	$0-100.0%	$0-100.0%	N/A	$6.0M+500.0%	$4.0M+100.0%	$4.0M-66.7%	N/A	$1.0M-85.7%
Investing Cash Flow	-$42.0M+50.0%	-$25.0M+66.2%	-$33.0M+52.2%	-$30.0M+34.8%	-$84.0M-35.5%	-$74.0M-155.2%	-$69.0M-7.8%	-$46.0M-21.1%
Financing Cash Flow	-$13.0M-120.6%	-$10.0M-166.7%	-$24.0M+76.5%	$973.0M+1169.2%	$63.0M+170.8%	$15.0M+138.5%	-$102.0M+59.0%	-$91.0M+81.5%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

QVCCQ Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

QVCCQ quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	33.6%-0.8pp	34.4%+0.8pp	33.6%+1.9pp	31.7%-3.4pp	35.1%-0.2pp	35.3%+0.4pp	34.9%-0.8pp	35.8%-0.4pp	36.2%0.0pp	36.2%-0.6pp	36.8%-0.2pp	37.0%+0.3pp	36.6%+0.3pp	36.4%+0.2pp	36.2%
Operating Margin	-24.3%-15.8pp	-8.6%-15.4pp	6.8%+21.0pp	-14.1%-27.4pp	13.3%-0.4pp	13.7%+1.6pp	12.1%-1.3pp	13.4%-1.5pp	14.9%+1.1pp	13.9%-0.7pp	14.6%+0.1pp	14.5%+0.1pp	14.4%-0.5pp	14.9%+1.1pp	13.8%
Net Margin	-26.1%-14.3pp	-11.9%-13.6pp	1.7%+20.6pp	-18.9%-25.8pp	6.9%-0.4pp	7.4%+0.4pp	7.0%-0.8pp	7.8%-2.4pp	10.3%+3.3pp	7.0%-0.2pp	7.2%+0.4pp	6.8%-0.1pp	6.8%-0.5pp	7.3%+0.6pp	6.8%
Return on Equity	-181.4%-149.0pp	-32.5%-36.2pp	3.7%+45.4pp	-41.7%-52.1pp	10.4%-0.2pp	10.5%-0.9pp	11.5%-1.6pp	13.1%-2.7pp	15.8%-0.1pp	15.9%+0.3pp	15.6%+3.6pp	12.0%+2.6pp	9.4%+0.1pp	9.3%+2.3pp	7.0%
Return on Assets	-25.6%-14.8pp	-10.8%-12.2pp	1.4%+16.4pp	-15.0%-19.9pp	4.9%-0.2pp	5.1%0.0pp	5.1%-0.8pp	5.9%-0.3pp	6.3%+1.1pp	5.2%0.0pp	5.2%+0.4pp	4.9%+0.4pp	4.5%-0.1pp	4.6%	N/A
Current Ratio	0.55-0.6x	1.12-0.1x	1.17-0.3x	1.44-0.1x	1.50+0.2x	1.30-0.6x	1.91+0.4x	1.560.0x	1.60-0.1x	1.740.0x	1.74+0.1x	1.63-0.2x	1.86+0.1x	1.78	N/A
Debt-to-Equity	0.00-1.0x	1.01+0.1x	0.92-0.1x	1.05+0.4x	0.66+0.1x	0.57-0.2x	0.76+0.1x	0.70-0.3x	0.99-0.4x	1.390.0x	1.34+0.4x	0.93+0.3x	0.61+0.1x	0.52	N/A
Asset Turnover	0.98+0.1x	0.91+0.1x	0.810.0x	0.80+0.1x	0.700.0x	0.690.0x	0.740.0x	0.76+0.1x	0.61-0.1x	0.750.0x	0.730.0x	0.72+0.1x	0.660.0x	0.63	N/A
FCF Margin	3.5%-0.6pp	4.0%-5.6pp	9.7%+7.7pp	1.9%-6.5pp	8.5%-9.1pp	17.6%+8.2pp	9.4%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	34.1%-1.4pp	33.3%0.0pp	32.5%-0.2pp	33.6%-1.1pp	35.4%-0.2pp	33.3%-1.7pp	32.6%-0.3pp	34.7%-0.4pp
Operating Margin	3.5%	3.2%+1.7pp	5.6%+52.7pp	4.6%-3.2pp	-114.5%	1.5%-5.9pp	-47.1%-43.2pp	7.8%+0.8pp
Net Margin	-1.8%	-1.4%+0.8pp	1.5%+47.5pp	0.1%-2.3pp	-109.1%	-2.2%-4.6pp	-46.0%-38.0pp	2.4%+0.1pp
Return on Equity	N/A	-2.2%-0.9pp	3.1%+40.3pp	0.2%-0.9pp	-183.0%-184.3pp	-1.3%-2.5pp	-37.2%-31.8pp	1.1%0.0pp
Return on Assets	-0.5%+28.9pp	-0.3%+0.1pp	0.4%+12.8pp	0.0%-0.5pp	-29.4%-29.8pp	-0.4%-0.9pp	-12.4%-10.4pp	0.5%+0.1pp
Current Ratio	3.21+1.5x	0.52-1.1x	0.55-0.6x	2.54+1.4x	1.75+0.6x	1.62+0.5x	1.12-0.1x	1.11-0.1x
Debt-to-Equity	N/A	0.00-1.2x	0.00-1.0x	4.30+3.6x	3.42+2.6x	1.22+0.3x	1.01+0.1x	0.73-0.2x
Asset Turnover	0.290.0x	0.220.0x	0.290.0x	0.240.0x	0.27+0.1x	0.200.0x	0.270.0x	0.210.0x

Not reported in any period shown, so not listed: FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

Note: The current ratio is below 1.0 (0.55), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Where QVC INC 6.25 % 2068 Ranks

Frequently Asked Questions

What is QVC INC 6.25 % 2068's annual revenue?

QVC INC 6.25 % 2068 (QVCCQ) reported $8.3B in total revenue for fiscal year 2025. This represents a -7.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is QVC INC 6.25 % 2068's revenue growing?

QVC INC 6.25 % 2068 (QVCCQ) revenue declined by 7.8% year-over-year, from $9.0B to $8.3B in fiscal year 2025.

Is QVC INC 6.25 % 2068 profitable?

No, QVC INC 6.25 % 2068 (QVCCQ) reported a net income of -$2.2B in fiscal year 2025, with a net profit margin of -26.1%.

What is QVC INC 6.25 % 2068's EBITDA?

QVC INC 6.25 % 2068 (QVCCQ) had EBITDA of -$1.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does QVC INC 6.25 % 2068 have?

As of fiscal year 2025, QVC INC 6.25 % 2068 (QVCCQ) had $1.5B in cash and equivalents against $1.0M in long-term debt.

What is QVC INC 6.25 % 2068's gross margin?

QVC INC 6.25 % 2068 (QVCCQ) had a gross margin of 33.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is QVC INC 6.25 % 2068's operating margin?

QVC INC 6.25 % 2068 (QVCCQ) had an operating margin of -24.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is QVC INC 6.25 % 2068's net profit margin?

QVC INC 6.25 % 2068 (QVCCQ) had a net profit margin of -26.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is QVC INC 6.25 % 2068's return on equity (ROE)?

QVC INC 6.25 % 2068 (QVCCQ) has a return on equity of -181.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is QVC INC 6.25 % 2068's free cash flow?

QVC INC 6.25 % 2068 (QVCCQ) generated $287.0M in free cash flow during fiscal year 2025. This represents a -20.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is QVC INC 6.25 % 2068's operating cash flow?

QVC INC 6.25 % 2068 (QVCCQ) generated $419.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are QVC INC 6.25 % 2068's total assets?

QVC INC 6.25 % 2068 (QVCCQ) had $8.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are QVC INC 6.25 % 2068's capital expenditures?

QVC INC 6.25 % 2068 (QVCCQ) invested $132.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does QVC INC 6.25 % 2068 have outstanding?

QVC INC 6.25 % 2068 (QVCCQ) had 1 shares outstanding as of fiscal year 2025.

What is QVC INC 6.25 % 2068's current ratio?

QVC INC 6.25 % 2068 (QVCCQ) had a current ratio of 0.55 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is QVC INC 6.25 % 2068's debt-to-equity ratio?

QVC INC 6.25 % 2068 (QVCCQ) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is QVC INC 6.25 % 2068's return on assets (ROA)?

QVC INC 6.25 % 2068 (QVCCQ) had a return on assets of -25.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is QVC INC 6.25 % 2068's Piotroski F-Score?

QVC INC 6.25 % 2068 (QVCCQ) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are QVC INC 6.25 % 2068's earnings high quality?

QVC INC 6.25 % 2068 (QVCCQ) reported a net loss of $2.2B while generating $419.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can QVC INC 6.25 % 2068 cover its interest payments?

QVC INC 6.25 % 2068 (QVCCQ) reported an operating loss of $2.0B against $286.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.