QVC INC

For the period ended Jun 30, 2026. Filed Aug 4, 2026.

About this filing

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.

Jun 30, 2026 · Filed Aug 4, 2026

QVCG$8.03-0.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations I-2

Condensed Consolidated Statements of Operations

	Three months ended June 30,		Six months ended June 30,
(in millions)	2026	2025	2026	2025
Total revenue, net	$1,765	1,984	3,534	3,889
Operating costs and expenses:
Cost of goods sold (excluding depreciation and amortization shown separately below)	1,164	1,281	2,344	2,552
Operating expense	135	154	272	308
Selling, general and administrative, including stock-based compensation and pre-petition charges	333	328	665	627
Depreciation and amortization	71	98	145	193
(Gain) loss on sale of assets	—	—	(10)	—
Impairment of intangible assets (note 4)	—	930	—	930
Impairment of goodwill (note 4)	—	1,465	—	1,465
Restructuring (benefits) costs (note 6)	—	—	—	57
	1,703	4,256	3,416	6,132
Operating (loss) income	62	(2,272)	118	(2,243)
Other (expense) income:
Reorganization items, net (note 2)	(59)	—	(59)	—
Interest expense	(15)	(66)	(91)	(130)
Interest income	9	3	20	7
Other (expense) income	—	(9)	1	(13)
	(65)	(72)	(129)	(136)
Earnings (loss) before income taxes	(3)	(2,344)	(11)	(2,379)
Income tax (expense) benefit	(18)	190	(26)	192
Net earnings (loss)	(21)	(2,154)	(37)	(2,187)
Less net earnings (loss) attributable to the noncontrolling interest	10	11	19	20
Net earnings (loss) attributable to QVC, Inc. shareholder	$(31)	(2,165)	(56)	(2,207)

ContentsView on SEC.gov

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