Filing Flows › QVC Group (QVCG) › Q3 2025
QVC Group (QVCG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
QVC Group (QVCG) reported revenue of $2.0B for the third quarter 2025 (Q3 2025), -5% from a year earlier and -0.1% from the quarter before. Operating margin was 4.6%, net earnings $2.0M (0.1% of revenue).
QVC Group, Q3 2025: revenue $2.0B (-5% year over year), operating margin 4.6%, net earnings $2.0M, operating cash flow $76.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | -0.1% | -5% |
| Gross profit | $665M | -5% | -8% |
| Operating profit | $91.0M | — | -45% |
| Net earnings | $2.0M | — | -96% |
| Operating cash flow | $76.0M | +46% | -22% |
| Free cash flow | $51.0M | — | -16% |
What changed
Revenue was $2.0B in Q3 2025, down 5% year over year and roughly flat from the previous quarter. Home was the largest line at 40% of revenue. Home lost $0.04B year over year (down 5%), 36% of the total change.
Gross margin was 33.6%, down 1.2 points from a year earlier. Operating profit was $0.09B, a 4.6% margin (down 3.2 points year over year). Operating expenses grew 2% against a revenue fall of 5%. Net earnings were $2.0M, down 96% year over year. The effective tax rate was 57.7%.
Operating cash flow was $0.08B (down 22% year over year), 691% of net income including minority interests. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.03B left free cash flow of $0.05B.
Questions
What was QVC Group's revenue in the third quarter 2025?
QVC Group (QVCG) reported revenue of $2.0B for the third quarter 2025 (Q3 2025), -5% from a year earlier and -0.1% from the quarter before.
Was QVC Group profitable in the third quarter 2025?
Operating profit was $91.0M (4.6% of revenue) and net earnings $2.0M.
Source: QVC Group 10-Q on SEC EDGAR.