QVCAQ · As filed with the SEC
Old QVC Group income statement, by quarter
The statement as Old QVC Group presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Condensed Consolidated Statements of Operations · USD millions, except per-share amounts
| USD millions, except per-share amounts | Q2 2026 3 months ended Jun 30, 2026 | Q1 2026 3 months ended Mar 31, 2026 | Q4 2025† 3 months ended Dec 31, 2025 | Q3 2025 3 months ended Sep 30, 2025 | Q2 2025† 3 months ended Jun 30, 2025 | Q4 2024† 3 months ended Dec 31, 2024 |
|---|---|---|---|---|---|---|
| Total revenue, net | 1,998 | 1,957 | 2,677† | 2,213 | 2,236 | 2,944† |
| Operating costs and expenses: | ||||||
| Cost of goods sold (excluding depreciation and amortization shown separately below) | 1,293 | 1,288 | 1,795† | 1,461 | 1,422 | 1,964† |
| Operating expense | 145 | 146 | 186† | 162 | 164 | 201† |
| Selling, general and administrative, including stock-based compensation and pre-petition charges | 430 | 438 | 502† | 428 | 422 | 477† |
| Depreciation and amortization | — | — | 88† | 103 | 105 | 93† |
| Impairment of goodwill and intangible assets (note 6) | — | — | — | 0 | 2,395 | — |
| Depreciation and amortization | 79 | 80 | — | — | 105† | — |
| (Gain) loss on sale of assets | 0 | (10) | (5)† | 0 | 0† | 0† |
| Impairment of intangible assets (note 6) | 0 | — | — | — | — | — |
| Impairments of goodwill | 0 | — | — | — | — | — |
| Restructuring (benefits) costs (note 9) | 0 | 0 | — | (1) | 0† | — |
| Total operating expenses | 1,947 | 1,942 | 2,575† | 2,153 | 4,508 | 4,215† |
| Operating income (loss) | 51 | 15 | 102† | 60 | (2,272) | (1,271)† |
| Other income (expense): | ||||||
| Reorganization Items | (49) | — | — | — | — | — |
| Interest expense | (26) | (132) | (133)† | (134) | (117) | (115)† |
| Interest and dividend income | 12 | 12 | — | — | 7† | — |
| Realized and unrealized gains (losses) on financial instruments, net (note 5) | 8 | 79 | 3† | (7) | (21) | (7)† |
| Other, net | 0 | 1 | (44)† | 25 | (1) | (22)† |
| Total other income (expense) | (55) | (40) | (114)† | (116) | (139) | (98)† |
| Earnings (loss) before income taxes | (4) | (25) | (12)† | (56) | (2,411) | (1,369)† |
| Income tax (expense) benefit | (26) | (15) | (13)† | (17) | 202 | 94† |
| Net earnings (loss) | (30) | (40) | (25)† | (73) | (2,209) | (1,275)† |
| Less net earnings (loss) attributable to the noncontrolling interests | 10 | 7 | 12† | 7 | 13 | 11† |
| Net earnings (loss) attributable to QVC Group, Inc. shareholders | (40) | (47) | (37)† | (80) | (2,222) | (1,286)† |
| Basic net earnings (loss) attributable to Series A and Series B QVC Group, Inc. shareholders per common share (in dollars per share) | (4.93) | (5.79) | — | (9.89) | (275.46) | — |
| Diluted net earnings (loss) attributable to Series A and Series B QVC Group, Inc. shareholders per common share (in dollars per share) | (4.93) | (5.79) | — | (9.89) | (275.46) | — |
| Impairment of intangible assets (note 6) | 0 | — | — | — | — | — |
† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.