QVC, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.29B | $9.00B | $9.45B | $9.89B | $11.35B | $11.47B | $10.99B | $11.28B |
| Cost of Revenue | $5.51B | $5.91B | $6.27B | $6.85B | $7.37B | $7.42B | $7.15B | $7.25B |
| Gross Profit | $2.79B | $3.09B | $3.18B | $3.14B | $3.99B | $4.05B | $3.84B | $4.03B |
| Gross Margin | 33.6% | 34.4% | 33.6% | 31.7% | 35.1% | 35.3% | 34.9% | 35.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $-2.02B | $-770.0M | $645.0M | $-1.40B | $1.51B | $1.57B | $1.33B | $1.51B |
| Operating Margin | -24.3% | -8.6% | 6.8% | -14.1% | 13.3% | 13.7% | 12.1% | 13.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-2.28B | $-1.02B | $416.0M | $-1.59B | $1.26B | $1.25B | $1.08B | $1.26B |
| Income Tax Expense | $-153.0M | $3.0M | $205.0M | $220.0M | $408.0M | $345.0M | $262.0M | $334.0M |
| Net Income | $-2.17B | $-1.07B | $159.0M | $-1.87B | $787.0M | $844.0M | $767.0M | $882.0M |
| Net Margin | -26.1% | -11.9% | 1.7% | -18.9% | 6.9% | 7.4% | 7.0% | 7.8% |
| EPS (Basic) | — | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Shares Outstanding (Diluted) | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Dividends Per Share | — | — | — | — | — | — | — | — |