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QVC vs Qvc: revenue, profit, margins and growth compared

QVC brought in $9.2B of revenue in fiscal 2025, Qvc $8.3B in fiscal 2025. Revenue changed by -8.0% at QVC and -7.8% at Qvc on the year before, so Qvc grew faster. QVC kept -26.4% of its revenue as net profit, Qvc -26.1%. Free cash flow was $118M at QVC and $287M at Qvc.

Side by side, latest fiscal year

QVCAQQVCCQ
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$9.2B$8.3B
Revenue growth-8.0%-7.8%
Net income-$2.4B-$2.2B
Net margin-26.4%-26.1%
Free cash flow$118M$287M
Free cash flow margin1.3%3.5%
Earnings per share (diluted)-$302.97n/a
Cash$2B$1.5B
Debt$5.9B$5B
Price to earningsn/an/a
Market valuen/a$12
Dividend yieldn/an/a
Rank by revenue in sector#129 of 1077 · Consumer discretionary#143 of 1077 · Consumer discretionary

Over the years

Revenue
QVCAQ FY2018: $14.1BQVCAQ FY2019: $13.5BQVCAQ FY2020: $14.2BQVCAQ FY2021: $14BQVCAQ FY2022: $12.1BQVCAQ FY2023: $10.9BQVCAQ FY2024: $10BQVCAQ FY2025: $9.2BQVCCQ FY2018: $11.3BQVCCQ FY2019: $11BQVCCQ FY2020: $11.5BQVCCQ FY2021: $11.4BQVCCQ FY2022: $9.9BQVCCQ FY2023: $9.4BQVCCQ FY2024: $9BQVCCQ FY2025: $8.3BFY18FY19FY20FY21FY22FY23FY24FY25
QVCAQ $9.2BQVCCQ $8.3B
Net income
QVCAQ FY2018: $916MQVCAQ FY2019: -$456MQVCAQ FY2020: $1.2BQVCAQ FY2021: $340MQVCAQ FY2022: -$2.6BQVCAQ FY2023: -$145MQVCAQ FY2024: -$1.3BQVCAQ FY2025: -$2.4BQVCCQ FY2018: $882MQVCCQ FY2019: $767MQVCCQ FY2020: $844MQVCCQ FY2021: $787MQVCCQ FY2022: -$1.9BQVCCQ FY2023: $159MQVCCQ FY2024: -$1.1BQVCCQ FY2025: -$2.2BFY18FY19FY20FY21FY22FY23FY24FY25
QVCAQ -$2.4BQVCCQ -$2.2B
Net margin
QVCAQ FY2018: 6.5%QVCAQ FY2019: -3.4%QVCAQ FY2020: 8.4%QVCAQ FY2021: 2.4%QVCAQ FY2022: -21.4%QVCAQ FY2023: -1.3%QVCAQ FY2024: -12.9%QVCAQ FY2025: -26.4%QVCCQ FY2018: 7.8%QVCCQ FY2019: 7.0%QVCCQ FY2020: 7.4%QVCCQ FY2021: 6.9%QVCCQ FY2022: -18.9%QVCCQ FY2023: 1.7%QVCCQ FY2024: -11.9%QVCCQ FY2025: -26.1%FY18FY19FY20FY21FY22FY23FY24FY25
QVCAQ -26.4%QVCCQ -26.1%
Revenue growth
QVCAQ FY2019: -4.3%QVCAQ FY2020: +5.3%QVCAQ FY2021: -0.9%QVCAQ FY2022: -13.8%QVCAQ FY2023: -9.8%QVCAQ FY2024: -8.0%QVCAQ FY2025: -8.0%QVCCQ FY2019: -2.6%QVCCQ FY2020: +4.4%QVCCQ FY2021: -1.0%QVCCQ FY2022: -12.9%QVCCQ FY2023: -4.4%QVCCQ FY2024: -4.8%QVCCQ FY2025: -7.8%FY19FY20FY21FY22FY23FY24FY25
QVCAQ -8.0%QVCCQ -7.8%
Free cash flow
QVCAQ FY2018: $998MQVCAQ FY2019: $959MQVCAQ FY2020: $2.2BQVCAQ FY2021: $981MQVCAQ FY2022: -$74MQVCAQ FY2023: $689MQVCAQ FY2024: $326MQVCAQ FY2025: $118MQVCCQ FY2019: $1BQVCCQ FY2020: $2BQVCCQ FY2021: $959MQVCCQ FY2022: $193MQVCCQ FY2023: $912MQVCCQ FY2024: $362MQVCCQ FY2025: $287MFY18FY19FY20FY21FY22FY23FY24FY25
QVCAQ $118MQVCCQ $287M

Fiscal years as each company reports them; the two may end in different months.

Questions about QVC and Qvc

Which is bigger by revenue, QVC or Qvc?

QVC is bigger by revenue: $9.2B in fiscal 2025, against $8.3B for Qvc in fiscal 2025.

Which keeps more of its revenue as profit, QVC or Qvc?

QVC had a net margin of -26.4% in fiscal 2025; Qvc had -26.1% in fiscal 2025.

Which grew revenue faster, QVC or Qvc?

In their latest fiscal years revenue changed by -8.0% at QVC and -7.8% at Qvc.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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