QVC Group, Inc. (QVCG) Financials

QVCG

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

Market Cap $487.5M as of Oct 15, 2026

Price / Sales 0.1x on $7.9B revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book n/m negative shareholder equity, so no book multiple, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.

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 QVCG SEC filings page.

QVC Group, Inc. (QVCG) 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).

Financial Health Signals

Financial Health Score 29/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of QVC Group, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

QVC Group, Inc. has an operating margin of -24.3%, meaning the company loses $24 on every $100 of revenue. This results in a profitability score of 16/100. This is down from -8.6% the prior year.

Growth

QVC Group, Inc.'s revenue declined 7.8% year-over-year, from $9.0B to $8.3B. This contraction results in a growth score of 13/100.

Leverage

QVC Group, Inc. carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

QVC Group, Inc.'s current ratio of 0.55 is below the typical benchmark, resulting in a score of 5/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

QVC Group, Inc. has a free cash flow margin of 3.5%, earning a moderate score of 44/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

QVC Group, Inc. posts a -181.4% return on equity (ROE), meaning it loses $181 for every $100 of shareholders' equity. This results in a returns score of 9/100. This is down from -32.5% the prior year.

Altman Z-Score Distress

-1.79

QVC Group, Inc. scores -1.79, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($487.5M) relative to total liabilities ($7.2B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

5/9

QVC Group, Inc. 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 Group, Inc. 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 Group, Inc. 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 Group, Inc. 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%

10Y CAGR-11.5%

QVC Group, Inc.'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 Group, Inc. 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 Group, Inc. 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 Group, Inc. 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 Group, Inc.'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 Group, Inc.'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 Group, Inc.'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.

QVCG 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.

QVCG 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).

QVCG Balance Sheet

QVCG 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
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
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
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
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%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
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%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
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%

QVCG Cash Flow Statement

QVCG 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.

QVCG 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.

QVCG 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 Group, Inc. Ranks

Frequently Asked Questions

What is QVC Group, Inc.'s annual revenue?

QVC Group, Inc. (QVCG) 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 Group, Inc.'s revenue growing?

QVC Group, Inc. (QVCG) revenue declined by 7.8% year-over-year, from $9.0B to $8.3B in fiscal year 2025.

Is QVC Group, Inc. profitable?

No, QVC Group, Inc. (QVCG) reported a net income of -$2.2B in fiscal year 2025, with a net profit margin of -26.1%.

What is QVC Group, Inc.'s EBITDA?

QVC Group, Inc. (QVCG) had EBITDA of -$1.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does QVC Group, Inc. have?

As of fiscal year 2025, QVC Group, Inc. (QVCG) had $1.5B in cash and equivalents against $1.0M in long-term debt.

What is QVC Group, Inc.'s gross margin?

QVC Group, Inc. (QVCG) 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 Group, Inc.'s operating margin?

QVC Group, Inc. (QVCG) 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 Group, Inc.'s net profit margin?

QVC Group, Inc. (QVCG) 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 Group, Inc.'s return on equity (ROE)?

QVC Group, Inc. (QVCG) 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 Group, Inc.'s free cash flow?

QVC Group, Inc. (QVCG) 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 Group, Inc.'s operating cash flow?

QVC Group, Inc. (QVCG) generated $419.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are QVC Group, Inc.'s total assets?

QVC Group, Inc. (QVCG) had $8.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are QVC Group, Inc.'s capital expenditures?

QVC Group, Inc. (QVCG) invested $132.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does QVC Group, Inc. have outstanding?

QVC Group, Inc. (QVCG) had 1 shares outstanding as of fiscal year 2025.

What is QVC Group, Inc.'s current ratio?

QVC Group, Inc. (QVCG) 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 Group, Inc.'s debt-to-equity ratio?

QVC Group, Inc. (QVCG) 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 Group, Inc.'s return on assets (ROA)?

QVC Group, Inc. (QVCG) 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 Group, Inc.'s P/E ratio?

QVC Group, Inc. (QVCG) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $487.5M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is QVC Group, Inc.'s price-to-sales ratio?

QVC Group, Inc. (QVCG) trades at 0.1x sales, its market capitalization divided by revenue of $7.9B revenue, trailing 12 months to June 30, 2026. The market capitalization is $487.5M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is QVC Group, Inc.'s Altman Z-Score?

QVC Group, Inc. (QVCG) has an Altman Z-Score of -1.79, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is QVC Group, Inc.'s Piotroski F-Score?

QVC Group, Inc. (QVCG) 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 Group, Inc.'s earnings high quality?

QVC Group, Inc. (QVCG) 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 Group, Inc. cover its interest payments?

QVC Group, Inc. (QVCG) 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.

How financially healthy is QVC Group, Inc.?

QVC Group, Inc. (QVCG) scores 29 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.