Filing Flows › QVC Group (QVCG) › Q1 2026 › vs Q4 2025
QVC Group (QVCG) Q1 2026 vs Q4 2025 (quarter over quarter)
QVC Group's revenue fell $653M (-27%) from $2.4B in Q4 2025 to $1.8B in Q1 2026. The biggest changes: Home −$307M (-30%); Electronics −$129M (-62%); Beauty −$125M (-30%).
QVC Group, Q1 2026: revenue $1.8B (-7% year over year), operating margin 3.2%, net loss $16.0M, operating cash flow −$98.0M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Home | $720M | $1.0B | −$307M | -30% |
| Apparel | $343M | $359M | −$16.0M | -4% |
| Beauty | $294M | $419M | −$125M | -30% |
| Accessories | $195M | $233M | −$38.0M | -16% |
| Jewelry | $102M | $139M | −$37.0M | -27% |
| Electronics | $79.0M | $208M | −$129M | -62% |
| Other revenue | $36.0M | $37.0M | −$1.0M | -3% |
| Revenue | $1.8B | $2.4B | −$653M | -27% |
| Net loss | $16.0M | −$49.0M | $65.0M | — |
| Costs & expenses | $1.8B | $2.4B | −$637M | -26% |
| Operating costs | $1.7B | $2.3B | −$574M | -25% |
| Interest & other, net | $64.0M | $62.0M | $2.0M | +3% |
| Income tax | $8.0M | $24.0M | −$16.0M | -67% |
| Cost of revenue | $1.2B | $1.6B | −$456M | -28% |
| Operating expenses | $533M | $651M | −$118M | -18% |
| Operating cash sources | $172M | −$166M | $338M | — |
| Depreciation & amortization | $74.0M | $79.0M | −$5.0M | -6% |
| Cash used in operations | $98.0M | −$245M | $343M | — |
| Net loss absorbed | $16.0M | −$49.0M | $65.0M | — |
| Working capital & other | $156M | −$116M | $272M | — |
Questions
How much did QVC Group's revenue grow quarter over quarter in Q1 2026?
QVC Group's revenue fell $653M (-27%) from $2.4B in Q4 2025 to $1.8B in Q1 2026.
What drove QVC Group's revenue change in Q1 2026?
Home −$307M (-30%); Electronics −$129M (-62%); Beauty −$125M (-30%).