Filing Flows › QVC Group (QVCG) › Q2 2026
QVC Group (QVCG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
QVC Group (QVCG) reported revenue of $1.8B for the second quarter 2026 (Q2 2026), -11% from a year earlier and -0.2% from the quarter before. Operating margin was 3.5%, net loss $21.0M (1.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | -0.2% | -11% |
| Operating profit | $62.0M | +11% | — |
| Net earnings | −$21.0M | — | — |
| Operating cash flow | $154M | — | +196% |
| Free cash flow | $121M | — | +537% |
What changed
Revenue was $1.8B in Q2 2026, down 11% year over year and roughly flat from the previous quarter. Home was the largest line at 39% of revenue. Home lost $0.07B year over year (down 9%), 30% of the total change.
Gross margin was 34.1%, down 1.4 points from Q2 2025. Operating profit was $0.06B, a 3.5% margin (up 118.0 points year over year). Operating expenses fell 82% while revenue fell 11%. The quarter ended with a net loss of $0.02B, wider than the previous quarter's $0.02B loss. Net interest and other expense of $0.07B was the main reason.
Operating cash flow was $0.15B (up 196% year over year). Non-cash charges added back $0.07B of depreciation and amortization. Working capital and other items added $0.10B. Capital expenditures of $0.03B left free cash flow of $0.12B.
Questions
What was QVC Group's revenue in the second quarter 2026?
QVC Group (QVCG) reported revenue of $1.8B for the second quarter 2026 (Q2 2026), -11% from a year earlier and -0.2% from the quarter before.
Was QVC Group profitable in the second quarter 2026?
Operating profit was $62.0M (3.5% of revenue) and net loss $21.0M.
Source: QVC Group 10-Q on SEC EDGAR.