QVC INC
For the period ended Mar 31, 2026. Filed May 15, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 15, 2026
QVCG$8.03-0.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations I-2
Condensed Consolidated Statements of Operations
| Three months ended March 31, | ||
|---|---|---|
| (in millions) | 2026 | 2025 |
| Total revenue, net | $1,769 | 1,905 |
| Operating costs and expenses: | ||
| Cost of goods sold (excluding depreciation and amortization shown separately below) | 1,180 | 1,271 |
| Operating expense | 137 | 154 |
| Selling, general and administrative, including stock-based compensation and pre-petition charges | 332 | 299 |
| Depreciation and amortization | 74 | 95 |
| (Gain) loss on sale of assets | (10) | — |
| Restructuring (benefits) costs (note 5) | — | 57 |
| 1,713 | 1,876 | |
| Operating income (loss) | 56 | 29 |
| Other income (expense): | ||
| Interest expense | (76) | (64) |
| Interest income | 11 | 4 |
| Other income (expense) | 1 | (4) |
| (64) | (64) | |
| Earnings (loss) before income taxes | (8) | (35) |
| Income tax (expense) benefit | (8) | 2 |
| Net earnings (loss) | (16) | (33) |
| Less net earnings (loss) attributable to the noncontrolling interest | 9 | 9 |
| Net earnings (loss) attributable to QVC, Inc. shareholder | $(25) | (42) |
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