QVCGNasdaqRetail-Catalog & Mail-Order HousesFiscal year ends December 31
QVC Group, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$9.09−0.19 (-2.05%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
33.6%−1.7 pts over 5 years
Operating margin
-24.3%−38.0 pts over 5 years
Net margin
-26.1%−33.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -7.8% | -5.7% | -6.3% | -0.5% | |
| Gross profit | -9.8% | -3.8% | -7.2% | -1.4% | |
| Free cash flow | -20.7% | +14.1% | -32.3% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 15.5% | 11.5% | -96.6% | |
| Return on assets | 5.1% | 5.4% | -23.6% | |
| Current ratio | 1.74 | 1.30 | 0.55 | |
| Debt to equity | 1.39 | 0.62 | 4.20 | |
| Net debt to EBITDA | 2.76× | 2.11× | -2.10× | |
| Interest coverage | – | – | -7.1× | |
| Inventory turnover | 5.9× | 6.4× | 6.4× | |
| Capex to revenue | – | 1.9% | 1.6% |
Where the cash went
Fiscal 2021 to 2025, five years combined
QVC generated $3.63B from operations and spent $913.00M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$3.63B
Used
$913.00M
Capital expenditure$913.00M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-26.1%
×Asset turnover0.90×
×Equity multiplier4.09×
=Return on equity, FY2025-96.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -26.1% | 0.90× | 4.09× | -96.6% |
| FY2024 | -11.9% | 0.83× | 2.86× | -28.3% |
| FY2023 | 1.7% | 0.78× | 2.76× | 3.6% |
| FY2022 | -18.9% | 0.69× | 2.36× | -30.9% |
| FY2021 | 6.9% | 0.69× | 2.10× | 10.1% |
| FY2020 | 7.4% | 0.73× | 2.15× | 11.5% |
| FY2019 | 7.0% | 0.74× | 2.23× | 11.5% |
| FY2018 | 7.8% | 0.77× | 2.35× | 14.2% |
| FY2017 | 10.3% | 0.68× | 2.73× | 19.0% |
| FY2016 | 7.0% | 0.74× | 3.02× | 15.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$2.17B
- Cash generatingOperating cash flow above zero$419.00M
- Return on assets improvedROA up on the prior year-9.1% → -21.9%
- Earnings backed by cashOperating cash flow above net income$419.00M vs -$2.17B
- Less leverageLong-term debt to assets fell33.5% → 0.0%
- Better liquidityCurrent ratio rose1.12 → 0.55
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year34.37% → 33.62%
- More efficientAsset turnover rose0.77 → 0.84