QVCG · XBRL financial data
QVC Group financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (QVCG's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 11,472 | 11,354 | 9,887 | 9,449 | 8,997 | 8,293 |
| Revenue from contracts with customers | 11,472 | 11,354 | 9,887 | 9,449 | 8,997 | 8,293 |
| Cost of goods and services sold | 7,418 | 7,368 | 6,846 | 6,273 | 5,905 | 5,505 |
| Gross profit | — | — | 3,136 | 3,176 | 3,092 | 2,788 |
| Total operating expenses | 9,905 | 9,847 | 11,286 | 8,804 | — | — |
| Operating income (loss) | 1,567 | 1,507 | (1,399) | 645 | (770) | (2,017) |
| Interest income | — | — | — | 19 | 16 | 35 |
| Interest expense | — | — | — | 247 | 267 | 286 |
| Income tax expense (benefit) | 337 | 408 | 220 | 205 | 3 | (153) |
| Net income (loss) | 852 | 787 | (1,867) | 159 | (1,069) | (2,168) |
Balance sheet
CSVFiscal years (QVCG's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 682 | 510 | 357 | 307 | 297 | 1,496 |
| Accounts receivable | 1,602 | 1,645 | 1,362 | 1,295 | 1,134 | 1,016 |
| Inventory | 1,119 | 1,355 | 1,035 | 860 | 901 | 832 |
| Total current assets | 3,704 | 3,699 | 2,908 | 2,639 | 2,504 | 3,563 |
| Property and equipment, net | 1,178 | 966 | 472 | 427 | 410 | 316 |
| Right-of-use asset | 221 | 201 | 419 | 510 | 482 | 461 |
| Goodwill | 6,034 | 5,968 | 3,470 | 3,151 | 2,204 | 800 |
| Total assets | 16,558 | 16,188 | 12,404 | 11,720 | 9,889 | 8,456 |
| Accrued liabilities | 1,302 | 1,179 | 968 | 938 | 874 | 727 |
| Current portion of long-term debt | — | — | — | — | — | 5,046 |
| Total current liabilities | 2,839 | 2,470 | 2,016 | 2,251 | 2,233 | 6,466 |
| Long-term debt | 4,549 | 5,023 | 4,721 | 3,911 | 3,313 | 1 |
| Lease liability, non-current | 195 | 177 | 377 | 488 | 475 | 460 |
| Total liabilities | 8,423 | 8,423 | 7,832 | 7,383 | 6,520 | 7,188 |
| Accumulated deficit | (2,722) | (2,898) | (6,080) | (6,361) | (7,538) | (9,748) |
| Total stockholders' equity | 8,002 | 7,643 | 4,477 | 4,250 | 3,293 | 1,195 |
| Total liabilities and equity | 16,558 | 16,188 | 12,404 | 11,720 | 9,889 | 8,456 |
| Common shares outstanding (cover page) millions of shares | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flows
CSVFiscal years (QVCG's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 852 | 787 | (1,867) | 159 | (1,069) | (2,168) |
| Stock-based compensation | 37 | 44 | 36 | 37 | 20 | 15 |
| Depreciation and amortization | 453 | 429 | 401 | 372 | 351 | 369 |
| Net cash from operating activities | 2,234 | 1,169 | 409 | 1,094 | 535 | 419 |
| Net cash from investing activities | (279) | (255) | 638 | (47) | (206) | (221) |
| Net cash from financing activities | (1,854) | (1,057) | (1,165) | (1,088) | (321) | 1,027 |
| Net change in cash | 121 | (171) | (152) | (45) | (7) | 1,242 |
Compare with peers
SIC 5961 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 5961 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| QVC | 1,512 | 1,765 | 154* | 1 | — | 10-QJun 30, 2026 |
| Old QVC Group | 1,367 | 1,998 | 132* | not reported | — | 10-QJun 30, 2026 |
| Insight Enterprises | 363 | 2,399 | (12)* | 29.3M | 29.7 quarters | 10-QJun 30, 2026 |
| Chewy | 611 | 3,330 | 137* | not reported | — | 10-QAug 2, 2026 |
| Wayfair | 1,065 | 3,519 | 360* | not reported | — | 10-QJun 30, 2026 |
| Pattern Group | 346 | 877 | 15* | not reported | — | 10-QJun 30, 2026 |
| CDW | 362 | 6,572 | (55)* | 125.0M | — | 10-QJun 30, 2026 |
| GigaCloud Technology | 334 | 412 | 48* | not reported | — | 10-QJun 30, 2026 |
| Neighborhood Intelligence | 99 | 361 | (38)* | 95.3M | 2.6 quarters | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.