QVC vs Vipshop: revenue, profit, margins and growth compared
QVC brought in $9.2B of revenue in fiscal 2025, Vipshop $15.1B in fiscal 2025. Revenue changed by -8.0% at QVC and +2.0% at Vipshop on the year before, so Vipshop grew faster. QVC kept -26.4% of its revenue as net profit, Vipshop 6.8%. Free cash flow was $118M at QVC and $782M at Vipshop.
Fiscal years as each company reports them; the two may end in different months.
Questions about QVC and Vipshop
Which is bigger by revenue, QVC or Vipshop?
Vipshop is bigger by revenue: $15.1B in fiscal 2025, against $9.2B for QVC in fiscal 2025.
Which keeps more of its revenue as profit, QVC or Vipshop?
QVC had a net margin of -26.4% in fiscal 2025; Vipshop had 6.8% in fiscal 2025.
Which grew revenue faster, QVC or Vipshop?
In their latest fiscal years revenue changed by -8.0% at QVC and +2.0% at Vipshop.
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.