QVC INC

For the period ended Sep 30, 2025. Filed Nov 5, 2025.

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.

Sep 30, 2025 · Filed Nov 5, 2025

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 September 30,		Nine months ended September 30,
(in millions)	2025	2024	2025	2024
Total revenue, net	$1,982	2,092	5,871	6,337
Operating costs and expenses:
Cost of goods sold (exclusive of depreciation and amortization shown separately below)	1,317	1,366	3,869	4,113
Operating expense	152	165	460	502
Selling, general and administrative, including stock-based compensation	326	310	953	954
Depreciation and amortization	97	87	290	267
Impairment of goodwill and intangible assets (note 3)	—	—	2,395	—
Restructuring (benefits) costs (note 5)	(1)	—	56	18
Gain on sale leaseback transaction	—	—	—	(1)
	1,891	1,928	8,023	5,853
Operating income (loss)	91	164	(2,152)	484
Other income (expense):
Interest expense, net	(66)	(62)	(189)	(191)
Foreign currency gain (loss)	1	(6)	(12)	(6)
Other income (expense)	—	(7)	—	(7)
	(65)	(75)	(201)	(204)
Earnings (loss) before income taxes	26	89	(2,353)	280
Income tax (expense) benefit	(15)	(27)	177	(90)
Net earnings (loss)	11	62	(2,176)	190
Less net (earnings) loss attributable to the noncontrolling interest	(9)	(11)	(29)	(35)
Net earnings (loss) attributable to QVC, Inc. shareholder	$2	51	(2,205)	155

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.