Filing Flows › QVC Group (QVCG) › Q2 2026 › vs Q1 2026
QVC Group (QVCG) Q2 2026 vs Q1 2026 (quarter over quarter)
QVC Group's revenue fell $4.0M (-0.2%) from $1.8B in Q1 2026 to $1.8B in Q2 2026. The biggest changes: Apparel +$31.0M (+9%); Home −$25.0M (-3%); Electronics −$19.0M (-24%).
QVC Group, Q2 2026: revenue $1.8B (-11% year over year), operating margin 3.5%, net loss $21.0M, operating cash flow $154M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 6.9% | -7.3% | +14.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Home | $695M | $720M | −$25.0M | -3% |
| Apparel | $374M | $343M | $31.0M | +9% |
| Beauty | $299M | $294M | $5.0M | +2% |
| Accessories | $203M | $195M | $8.0M | +4% |
| Jewelry | $98.0M | $102M | −$4.0M | -4% |
| Electronics | $60.0M | $79.0M | −$19.0M | -24% |
| Other revenue | $36.0M | $36.0M | $0 | 0% |
| Revenue | $1.8B | $1.8B | −$4.0M | -0.2% |
| Net loss | $21.0M | $16.0M | $5.0M | +31% |
| Costs & expenses | $1.8B | $1.8B | $1.0M | +0.1% |
| Operating costs | $1.7B | $1.7B | −$10.0M | -0.6% |
| Interest & other, net | $65.0M | $64.0M | $1.0M | +2% |
| Income tax | $18.0M | $8.0M | $10.0M | +125% |
| Cost of revenue | $1.2B | $1.2B | −$16.0M | -1% |
| Operating expenses | $539M | $533M | $6.0M | +1% |
| Operating cash sources | $175M | −$82.0M | $257M | — |
| Depreciation & amortization | $71.0M | $74.0M | −$3.0M | -4% |
| Working capital & other | $104M | −$156M | $260M | — |
| Net loss absorbed | $21.0M | $16.0M | $5.0M | +31% |
| Operating cash flow | $154M | −$98.0M | $252M | — |
| Free cash flow (OCF − capex) | $121M | −$130M | $251M | — |
| Capital expenditures | $33.0M | $32.0M | $1.0M | +3% |
Questions
How much did QVC Group's revenue grow quarter over quarter in Q2 2026?
QVC Group's revenue fell $4.0M (-0.2%) from $1.8B in Q1 2026 to $1.8B in Q2 2026.
What drove QVC Group's revenue change in Q2 2026?
Apparel +$31.0M (+9%); Home −$25.0M (-3%); Electronics −$19.0M (-24%).