Filing Flows

Filing Flows › QVC Group (QVCG) › Q2 2026 › vs Q2 2025

QVC Group (QVCG) Q2 2026 vs Q2 2025 (year over year)

QVC Group's revenue fell $219M (-11%) from $2.0B in Q2 2025 to $1.8B in Q2 2026. The biggest changes: Home −$65.0M (-9%); Beauty −$47.0M (-14%); Apparel −$37.0M (-9%).

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 Q2 2025, the increases inside each band.

QVC Group: what changed, Q2 2026 vs Q2 2025QVC Group: what changed, Q2 2026 vs Q2 2025Operating costs−$2.6BCosts & expenses−$2.5BOperating expenses−$2.4BNet loss−$2.1BNet loss absorbed−$2.1BOperating cash sources−$2.0BWorking capital & other−$2.0BIncome tax$208MCost of revenue−$117MOperating cash flow$102M

Margins

Q2 2026Q2 2025Change
Free cash flow margin6.9%1.0%+5.9 pts

Every line

LineQ2 2026Q2 2025Change%
Home$695M$760M−$65.0M-9%
Apparel$374M$411M−$37.0M-9%
Beauty$299M$346M−$47.0M-14%
Accessories$203M$236M−$33.0M-14%
Jewelry$98.0M$99.0M−$1.0M-1%
Electronics$60.0M$92.0M−$32.0M-35%
Other revenue$36.0M$40.0M−$4.0M-10%
Revenue$1.8B$2.0B−$219M-11%
Net loss$21.0M$2.2B−$2.1B-99%
Costs & expenses$1.8B$4.3B−$2.5B-59%
Operating costs$1.7B$4.3B−$2.6B-60%
Interest & other, net$65.0M$72.0M−$7.0M-10%
Income tax$18.0M−$190M$208M—
Cost of revenue$1.2B$1.3B−$117M-9%
Operating expenses$539M$3.0B−$2.4B-82%
Operating cash sources$175M$2.2B−$2.0B-92%
Depreciation & amortization$71.0M$98.0M−$27.0M-28%
Working capital & other$104M$2.1B−$2.0B-95%
Net loss absorbed$21.0M$2.2B−$2.1B-99%
Operating cash flow$154M$52.0M$102M+196%
Free cash flow (OCF − capex)$121M$19.0M$102M+537%
Capital expenditures$33.0M$33.0M$00%

Questions

How much did QVC Group's revenue grow year over year in Q2 2026?

QVC Group's revenue fell $219M (-11%) from $2.0B in Q2 2025 to $1.8B in Q2 2026.

What drove QVC Group's revenue change in Q2 2026?

Home −$65.0M (-9%); Beauty −$47.0M (-14%); Apparel −$37.0M (-9%).

Q2 2026 results → · Compare in the interactive Sankey →