QVC, Inc. 6.250% Senior Secured (QVCC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Sales/Revenue | 1.98B | 1.98B | 1.91B | 2.66B | 2.09B | 2.13B | 2.11B | 2.84B | 2.19B | 2.22B | 2.19B | 2.92B | 2.22B | 2.39B | 2.35B | 3.35B | 2.51B | 2.78B | 2.71B | 3.62B |
| Revenue Growth % | -5.26% | -7.03% | -9.76% | -6.27% | -4.65% | -4.05% | -3.74% | -2.94% | -1.04% | -7.02% | -6.84% | -12.77% | -11.74% | -13.96% | -13.14% | -7.38% | -7.07% | 2.09% | 11.66% | 4.38% |
| Cost of Goods Sold | 0 | 0 | 1.27B | -3.42B | 1.37B | 1.37B | 1.37B | 1.91B | 1.42B | 1.46B | 1.49B | 2.07B | 1.53B | 1.61B | 1.56B | 2.24B | 1.62B | 1.75B | 1.76B | 2.38B |
| COGS % of Revenue | - | - | 66.72% | -128.57% | 65.3% | 64.39% | 65.04% | 67.12% | 64.9% | 65.47% | 67.85% | 70.83% | 68.83% | 67.22% | 66.31% | 66.77% | 64.37% | 63.13% | 64.87% | 65.68% |
| Gross Profit | 0 | 0 | 634M | 6.08B | 726M | 760M | 738M | 933M | 770M | 768M | 705M | 853M | 691M | 784M | 793M | 1.11B | 895M | 1.02B | 952M | 1.24B |
| Gross Margin % | - | - | 33.28% | 228.57% | 34.7% | 35.61% | 34.96% | 32.88% | 35.1% | 34.53% | 32.15% | 29.17% | 31.17% | 32.78% | 33.69% | 33.23% | 35.63% | 36.87% | 35.13% | 34.32% |
| Gross Profit Growth % | -100% | -100% | -14.09% | 551.66% | -5.71% | -1.04% | 4.68% | 9.38% | 11.43% | -2.04% | -11.1% | -23.43% | -22.79% | -23.51% | -16.7% | -10.31% | -8.77% | 3.74% | 12.93% | 10.7% |
| Operating Expenses | 233M | 328M | 510M | 2.12B | 562M | 597M | 582M | 1.05B | 610M | 387M | 481M | 758M | 2.75B | 327M | 635M | 735M | 581M | 603M | 567M | 740M |
| OpEx % of Revenue | 11.76% | 16.53% | 26.77% | 79.74% | 26.86% | 27.98% | 27.57% | 37.1% | 27.8% | 17.4% | 21.93% | 25.92% | 124.22% | 13.67% | 26.98% | 21.93% | 23.13% | 21.69% | 20.92% | 20.45% |
| Selling, General & Admin | 233M | 328M | 299M | 467M | 475M | 491M | 490M | 623M | 499M | 517M | 503M | 615M | 495M | 482M | 472M | 591M | 468M | 501M | 469M | 585M |
| SG&A % of Revenue | 11.76% | 16.53% | 15.7% | 17.56% | 22.71% | 23.01% | 23.21% | 21.95% | 22.74% | 23.25% | 22.94% | 21.03% | 22.33% | 20.15% | 20.05% | 17.63% | 18.63% | 18.02% | 17.31% | 16.16% |
| Research & Development | 0 | 0 | 0 | 11M | 3M | 4M | 4M | 11M | 3M | 4M | 4M | 4M | 3M | 4M | 4M | 4M | 3M | 4M | 4M | 5M |
| R&D % of Revenue | - | - | - | 0.41% | 0.14% | 0.19% | 0.19% | 0.39% | 0.14% | 0.18% | 0.18% | 0.14% | 0.14% | 0.17% | 0.17% | 0.12% | 0.12% | 0.14% | 0.15% | 0.14% |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | -1000K | 0 | 0 |
| Operating Income | 91M | -2.27B | 124M | -1.25B | 164M | 163M | 156M | -113M | 154M | 157M | 113M | 142M | 102M | 200M | 212M | 409M | 316M | 422M | 381M | 548M |
| Operating Margin % | 4.59% | -114.52% | 6.51% | -47.11% | 7.84% | 7.64% | 7.39% | -3.98% | 7.02% | 7.06% | 5.15% | 4.86% | 4.6% | 8.36% | 9.01% | 12.2% | 12.58% | 15.18% | 14.06% | 15.14% |
| Operating Income Growth % | -44.51% | -1493.87% | -20.51% | -1008.85% | 6.49% | 3.82% | 38.05% | -179.58% | 50.98% | -21.5% | -46.7% | -65.28% | -67.72% | -52.61% | -44.36% | -25.36% | -18.56% | 10.76% | 41.11% | 20.97% |
| EBITDA | 188M | -2.17B | 219M | -920M | 220M | 218M | 212M | -58M | 216M | 220M | 176M | 209M | 167M | 275M | 294M | 496M | 400M | 498M | 462M | 635M |
| EBITDA Margin % | 9.49% | -109.58% | 11.5% | -34.59% | 10.52% | 10.22% | 10.04% | -2.04% | 9.84% | 9.89% | 8.03% | 7.15% | 7.53% | 11.5% | 12.49% | 14.8% | 15.92% | 17.91% | 17.05% | 17.55% |
| EBITDA Growth % | -14.55% | -1097.25% | 3.3% | -1486.21% | 1.85% | -0.91% | 20.45% | -127.75% | 29.34% | -20% | -40.14% | -57.86% | -58.25% | -44.78% | -36.36% | -21.89% | -16.32% | 4.84% | 27.27% | 16.73% |
| D&A (Non-Cash Add-back) | 97M | 98M | 95M | 333M | 56M | 55M | 56M | 55M | 62M | 63M | 63M | 67M | 65M | 75M | 82M | 87M | 84M | 76M | 81M | 87M |
| EBIT | 92M | -2.28B | 25M | 226M | 164M | 181M | 156M | 219M | 173M | 157M | 113M | 142M | 102M | 200M | 212M | 409M | 316M | 422M | 381M | 548M |
| Net Interest Income | -66M | -63M | -60M | -60M | -62M | -67M | -62M | -61M | -63M | 67M | -38M | 10M | 0 | 63M | -62M | -41M | -69M | -65M | -62M | -192M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67M | 0 | 63M | 50M | 63M | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 66M | 63M | 60M | 60M | 62M | 67M | 62M | 61M | 63M | 0 | 38M | 53M | 50M | 0 | 62M | 41M | 69M | 65M | 62M | 192M |
| Other Income/Expense | -65M | -72M | -159M | -46M | -75M | -66M | -62M | -68M | -57M | -60M | -44M | -81M | -2.21B | -48M | -33M | -50M | -71M | -69M | -58M | -83M |
| Pretax Income | 26M | -2.34B | -35M | -1.3B | 89M | 97M | 94M | -181M | 97M | 314M | 186M | 32M | -2.11B | 394M | 97M | 338M | 245M | 353M | 323M | 445M |
| Pretax Margin % | 1.31% | -118.15% | -1.84% | -48.83% | 4.25% | 4.55% | 4.45% | -6.38% | 4.42% | 14.12% | 8.48% | 1.09% | -95.31% | 16.47% | 4.12% | 10.08% | 9.75% | 12.7% | 11.92% | 12.3% |
| Income Tax | -15M | 190M | -2M | -33M | -27M | 31M | 32M | 32M | 34M | 88M | 51M | -31M | 101M | 109M | 41M | 142M | 85M | 96M | 85M | 105M |
| Effective Tax Rate % | -57.69% | -8.11% | 5.71% | 2.54% | -30.34% | 31.96% | 34.04% | -17.68% | 35.05% | 28.03% | 27.42% | -96.88% | -4.78% | 27.66% | 42.27% | 42.01% | 34.69% | 27.2% | 26.32% | 23.6% |
| Net Income | 41M | -2.17B | -42M | -1.22B | 51M | 53M | 51M | -227M | 51M | 213M | 122M | 47M | -2.23B | 270M | 42M | 180M | 145M | 240M | 222M | 323M |
| Net Margin % | 2.07% | -109.12% | -2.2% | -46.02% | 2.44% | 2.48% | 2.42% | -8% | 2.32% | 9.58% | 5.56% | 1.61% | -100.41% | 11.29% | 1.78% | 5.37% | 5.77% | 8.63% | 8.19% | 8.93% |
| Net Income Growth % | -19.61% | -4184.91% | -182.35% | -439.21% | 0% | -75.12% | -58.2% | -582.98% | 102.29% | -21.11% | 190.48% | -73.89% | -1635.17% | 12.5% | -81.08% | -44.27% | -23.28% | 13.74% | 72.09% | 53.08% |
| Net Income (Continuing) | 41M | -2.53B | -33M | -1.21B | 116M | 66M | 62M | -213M | 63M | 226M | 135M | 63M | -2.21B | 285M | 56M | 196M | 160M | 257M | 238M | 340M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 86M | 80M | 78M | 76M | 71M | 79M | 81M | 87M | 86M | 89M | 95M | 95M | 99M | 105M | 116M | 122M | 125M | 126M | 125M | 133M |
| EPS (Diluted) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS (Basic) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Basic Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | - | - | - | - | 80.39% | 15.09% | 82.35% | - | 86.27% | 47.42% | 163.11% | 2357.45% | - | 3.33% | 266.67% | 316.67% | 63.45% | 51.67% | 79.73% | 104.95% |