QVC, Inc.

QVCG ·Consumer Cyclical, Specialty Retail, United States

← 5Y 10Y MAX →

Profit Margins

Gross Margin Operating Margin Net Margin

Period	Gross Margin	Operating Margin	Net Margin
Mar 2012	36.3%	13.4%	6.5%
Jun 2012	37.5%	15.2%	7.2%
Sep 2012	36.6%	13.6%	6.3%
Dec 2012	35.4%	16.7%	8.8%
Mar 2013	36.6%	13.2%	4.8%
Jun 2013	37.4%	14.5%	6.4%
Sep 2013	37.2%	13.3%	6.4%
Dec 2013	35.6%	16.1%	8.9%
Mar 2014	36.8%	13.1%	5.7%
Jun 2014	37.9%	14.1%	6.5%
Sep 2014	37.3%	13.7%	4.7%
Dec 2014	36.2%	16.5%	9.2%
Mar 2015	37.0%	12.7%	5.9%
Jun 2015	38.2%	14.7%	5.8%
Sep 2015	36.9%	14.0%	7.3%
Dec 2015	35.5%	16.3%	9.0%
Mar 2016	36.4%	13.0%	6.2%
Jun 2016	37.7%	14.9%	7.6%
Sep 2016	35.8%	11.9%	5.5%
Dec 2016	35.1%	15.2%	8.1%
Mar 2017	36.7%	13.8%	6.3%
Jun 2017	37.8%	15.5%	7.1%
Sep 2017	36.2%	13.6%	7.7%
Dec 2017	34.6%	16.3%	17.1%
Mar 2018	49.3%	13.7%	7.7%
Jun 2018	—	15.3%	9.1%
Sep 2018	—	11.9%	6.6%
Dec 2018	—	13.0%	7.8%
Mar 2019	35.6%	13.0%	7.0%
Jun 2019	—	14.5%	8.2%
Sep 2019	—	13.2%	6.9%
Dec 2019	—	8.8%	6.1%
Mar 2020	34.7%	11.1%	5.3%
Jun 2020	—	14.0%	7.7%
Sep 2020	—	14.4%	7.0%
Dec 2020	—	14.6%	8.7%
Mar 2021	—	14.1%	8.2%
Jun 2021	—	15.2%	8.6%
Sep 2021	—	12.6%	5.8%
Dec 2021	—	11.6%	5.4%
Mar 2022	—	5.5%	1.8%
Jun 2022	—	18.5%	11.3%
Sep 2022	—	-94.0%	-100.4%
Dec 2022	—	3.9%	1.6%
Mar 2023	—	10.5%	5.6%
Jun 2023	34.5%	16.8%	9.6%
Sep 2023	—	7.0%	2.3%
Dec 2023	—	-4.0%	-8.0%
Mar 2024	35.0%	7.4%	2.4%
Jun 2024	35.6%	7.6%	2.5%
Sep 2024	34.7%	7.8%	2.4%
Dec 2024	32.6%	-47.1%	-46.0%
Mar 2025	33.3%	1.5%	-2.2%
Jun 2025	35.4%	-114.5%	-109.1%
Sep 2025	33.6%	4.6%	0.1%
Dec 2025	32.5%	5.6%	1.5%
Mar 2026	33.3%	3.2%	-1.4%
Jun 2026	34.1%	3.5%	-1.8%