QVC 6.25 % 2068 (QVCCQ) Financials
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.
FY2025 shows a shrinking business whose gross economics held, while losses and near-term obligations overwhelmed its remaining equity.
Cash conversion obscures the depth of the accounting loss: FY2025 operating cash flow was$419M despite a net loss of$2.2B , and free cash flow remained$287M . That gap indicates substantial noncash or below-operating effects, but it did not prevent cash generation from weakening21.7% from FY2024.
The deterioration sits below gross profit, not in the basic gross spread: gross margin was
The balance sheet shifted toward short-term obligations: FY2025 current liabilities rose to
Financial Health Signals
We do not publish a peer-relative financial health score for QVC Inc 6.25 % 2068, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
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 operating efficiency signals passes.
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.
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
Earnings & Revenue
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%.
QVC Inc 6.25 % 2068's EBITDA was $133.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is up 2.3%.
QVC Inc 6.25 % 2068 reported a net loss of $31.0M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Cash & Balance Sheet
QVC Inc 6.25 % 2068 held $1.5B in cash against $0 in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
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.
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.
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.
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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'25Filing | Q2'2510-Q | Q1'2510-Q | Q4'24Filing | Q3'24Filing |
|---|---|---|---|---|---|---|---|---|
| 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 | $62.0Mn/m | $56.0M+93.1% | $135.0Mn/m | $91.0M-44.5% | -$2.3B-1493.9% | $29.0M-81.5% | -$1.3Bn/m | $164.0M+6.5% |
| EBITDA | $133.0Mn/m | $130.0M+4.8% | $214.0Mn/m | $188.0M-25.1% | -$2.2B-966.1% | $124.0M-50.2% | -$1.2Bn/m | $251.0M-0.4% |
| Interest Expense | $15.0M-77.3% | $76.0M+18.8% | $222.0M-51.5% | -$66.0Mn/m | $66.0Mn/m | $64.0Mn/m | $458.0M+10.6% | -$62.0Mn/m |
| Income Tax | $18.0Mn/m | $8.0Mn/m | $24.0Mn/m | $15.0M-44.4% | -$190.0M-712.9% | -$2.0M-106.3% | -$87.0M-371.9% | $27.0M-20.6% |
| Net Income | -$31.0Mn/m | -$25.0Mn/m | $37.0Mn/m | $2.0M-96.1% | -$2.2B-4184.9% | -$42.0M-182.4% | -$1.2Bn/m | $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
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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'25Filing | Q2'2510-Q | Q1'2510-Q | Q4'24Filing | Q3'24Filing |
|---|---|---|---|---|---|---|---|---|
| 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 | -$9.8Bn/m | -$9.8Bn/m | -$9.7Bn/m | -$9.8Bn/m | -$9.8Bn/m | -$7.6Bn/m | -$7.5Bn/m | -$6.3Bn/m |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
QVCCQ Cash Flow 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'25Filing | Q2'2510-Q | Q1'2510-Q | Q4'24Filing | Q3'24Filing |
|---|---|---|---|---|---|---|---|---|
| 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 | -$42.0Mn/m | -$25.0Mn/m | -$33.0Mn/m | -$30.0Mn/m | -$84.0Mn/m | -$74.0Mn/m | -$69.0Mn/m | -$46.0Mn/m |
| Financing Cash Flow | -$13.0M-120.6% | -$10.0M-166.7% | -$24.0Mn/m | $973.0Mn/m | $63.0Mn/m | $15.0Mn/m | -$102.0Mn/m | -$91.0Mn/m |
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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'25Filing | Q2'2510-Q | Q1'2510-Q | Q4'24Filing | Q3'24Filing |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Liabilities-to-Equity | N/A | 5.95+4.0x | 6.02+4.0x | 6.05+4.6x | 5.17+3.5x | 1.95+0.3x | 1.98+0.2x | 1.45-0.1x |
| 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
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.
QVC Inc 6.25 % 2068 (QVCCQ) revenue declined by 7.8% year-over-year, from $9.0B to $8.3B in fiscal year 2025.
No, QVC Inc 6.25 % 2068 (QVCCQ) reported a net loss of $2.2B in fiscal year 2025, with a net profit margin of -26.1%.
QVC Inc 6.25 % 2068 (QVCCQ) had EBITDA of -$1.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
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.
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.
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.
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.
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.
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.
QVC Inc 6.25 % 2068 (QVCCQ) generated $419.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
QVC Inc 6.25 % 2068 (QVCCQ) had $8.5B in total assets as of fiscal year 2025, including both current and long-term assets.
QVC Inc 6.25 % 2068 (QVCCQ) invested $132.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
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.
QVC Inc 6.25 % 2068 (QVCCQ) had a debt-to-equity ratio of 0.00 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
QVC Inc 6.25 % 2068 (QVCCQ) had a liabilities-to-equity ratio of 6.02 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
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.
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.
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.
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.