QVC (QVCGA)
Market Price (4/24/2026): $0.319 | Market Cap: $2.6 MilSector: Consumer Discretionary | Industry: Broadline Retail
QVC (QVCGA)
Market Price (4/24/2026): $0.319Market Cap: $2.6 MilSector: Consumer DiscretionaryIndustry: Broadline Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -97% Attractive yieldDividend Yield is 36%, FCF Yield is 911% Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Online Marketplaces, Direct-to-Consumer Brands, Show more. | Weak multi-year price returns2Y Excs Rtn is -141%, 3Y Excs Rtn is -170% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16% | Penny stockMkt Price is 0.3 Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 162982% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.0%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.6%, Rev Chg QQuarterly Revenue Change % is -9.1% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -88837% High stock price volatilityVol 12M is 3916% Key risksQVCGA key risks include [1] a declining core business with a shrinking customer base as it struggles to pivot from traditional TV and [2] a precarious debt situation with a critical refinancing deadline that jeopardizes its financial stability. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -97% |
| Attractive yieldDividend Yield is 36%, FCF Yield is 911% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Online Marketplaces, Direct-to-Consumer Brands, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -141%, 3Y Excs Rtn is -170% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16% |
| Penny stockMkt Price is 0.3 |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 162982% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.0%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.6%, Rev Chg QQuarterly Revenue Change % is -9.1% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -88837% |
| High stock price volatilityVol 12M is 3916% |
| Key risksQVCGA key risks include [1] a declining core business with a shrinking customer base as it struggles to pivot from traditional TV and [2] a precarious debt situation with a critical refinancing deadline that jeopardizes its financial stability. |
Qualitative Assessment
AI Analysis | Feedback
1. Chapter 11 Bankruptcy Filing and Equity Wipeout.
On April 16, 2026, QVC Group announced its intention to file for Chapter 11 bankruptcy to restructure its substantial debt, a move that is expected to cancel all existing capital stock with no recovery for equity investors. This announcement alone triggered significant stock price collapses, with shares falling between 67% and 68% in pre-market and after-hours trading.
2. Overwhelming Debt Burden and Financial Instability.
Prior to the bankruptcy filing, QVC Group was burdened with approximately $6.6 billion in outstanding debt as of September 30, 2025, including a credit facility slated to mature in October 2026. The company had disclosed substantial doubt about its ability to continue as a going concern and to generate sufficient cash to meet its debt obligations, coupled with a breach of its credit facility covenant, signaling severe financial distress.
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Stock Movement Drivers
Fundamental Drivers
The -96.7% change in QVCGA stock from 12/31/2025 to 4/23/2026 was primarily driven by a -96.7% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 4232026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.46 | 0.34 | -96.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,498 | 9,231 | -2.8% |
| P/S Multiple | 0.0 | 0.0 | -96.7% |
| Shares Outstanding (Mil) | 8 | 8 | 0.0% |
| Cumulative Contribution | -96.7% |
Market Drivers
12/31/2025 to 4/23/2026| Return | Correlation | |
|---|---|---|
| QVCGA | -96.7% | |
| Market (SPY) | 4.2% | 22.6% |
| Sector (XLY) | -1.4% | 19.2% |
Fundamental Drivers
The -97.5% change in QVCGA stock from 9/30/2025 to 4/23/2026 was primarily driven by a -97.4% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 4232026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.49 | 0.34 | -97.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,629 | 9,231 | -4.1% |
| P/S Multiple | 0.0 | 0.0 | -97.4% |
| Shares Outstanding (Mil) | 8 | 8 | 0.0% |
| Cumulative Contribution | -97.5% |
Market Drivers
9/30/2025 to 4/23/2026| Return | Correlation | |
|---|---|---|
| QVCGA | -97.5% | |
| Market (SPY) | 7.0% | 15.3% |
| Sector (XLY) | -1.5% | 13.0% |
Fundamental Drivers
The -96.6% change in QVCGA stock from 3/31/2025 to 4/23/2026 was primarily driven by a -96.2% change in the company's P/S Multiple.| (LTM values as of) | 3312025 | 4232026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.05 | 0.34 | -96.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,037 | 9,231 | -8.0% |
| P/S Multiple | 0.0 | 0.0 | -96.2% |
| Shares Outstanding (Mil) | 8 | 8 | -3.9% |
| Cumulative Contribution | -96.6% |
Market Drivers
3/31/2025 to 4/23/2026| Return | Correlation | |
|---|---|---|
| QVCGA | -96.6% | |
| Market (SPY) | 28.1% | -3.6% |
| Sector (XLY) | 20.0% | -3.6% |
Fundamental Drivers
The -99.3% change in QVCGA stock from 3/31/2023 to 4/23/2026 was primarily driven by a -99.0% change in the company's P/S Multiple.| (LTM values as of) | 3312023 | 4232026 | Change |
|---|---|---|---|
| Stock Price ($) | 49.39 | 0.34 | -99.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,106 | 9,231 | -23.7% |
| P/S Multiple | 0.0 | 0.0 | -99.0% |
| Shares Outstanding (Mil) | 8 | 8 | -5.8% |
| Cumulative Contribution | -99.3% |
Market Drivers
3/31/2023 to 4/23/2026| Return | Correlation | |
|---|---|---|
| QVCGA | -99.3% | |
| Market (SPY) | 79.8% | -1.8% |
| Sector (XLY) | 61.0% | -1.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| QVCGA Return | -21% | -79% | -46% | -62% | -37% | -96% | -100% |
| Peers Return | 30% | -39% | 41% | 6% | 49% | -5% | 67% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 4% | 90% |
Monthly Win Rates [3] | |||||||
| QVCGA Win Rate | 33% | 25% | 50% | 25% | 42% | 25% | |
| Peers Win Rate | 58% | 30% | 62% | 57% | 57% | 45% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| QVCGA Max Drawdown | -28% | -81% | -75% | -64% | -99% | -96% | |
| Peers Max Drawdown | -8% | -49% | -17% | -24% | -35% | -21% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AMZN, WMT, W, M, KSS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/23/2026 (YTD)
How Low Can It Go
| Event | QVCGA | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -97.2% | -25.4% |
| % Gain to Breakeven | 3425.0% | 34.1% |
| Time to Breakeven | 685 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -56.7% | -33.9% |
| % Gain to Breakeven | 130.9% | 51.3% |
| Time to Breakeven | 106 days | 148 days |
| 2018 Correction | ||
| % Loss | -72.7% | -19.8% |
| % Gain to Breakeven | 266.8% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -92.0% | -56.8% |
| % Gain to Breakeven | 1146.6% | 131.3% |
| Time to Breakeven | 1,631 days | 1,480 days |
Compare to AMZN, WMT, W, M, KSS
In The Past
QVC's stock fell -97.2% during the 2022 Inflation Shock from a high on 6/2/2021. A -97.2% loss requires a 3425.0% gain to breakeven.
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About QVC (QVCGA)
AI Analysis | Feedback
Here are 1-2 brief analogies for QVC:
- Imagine if Amazon ran its own 24/7 live TV channel constantly demonstrating products.
- Think of it as a department store like Macy's or Target, but its primary storefront is a 24/7 live TV broadcast, complemented by a strong e-commerce site.
AI Analysis | Feedback
- Consumer Products: QVC sells a diverse range of physical goods including apparel for women, children, and men, as well as home, accessories, and beauty products.
- Multi-channel Retail Platform: The company provides a live social shopping and online retail platform leveraging televised programs, internet, mobile applications, streaming services, and social pages to market and facilitate sales.
AI Analysis | Feedback
QVC Group Inc. (symbol: QVCGA) primarily sells directly to individual consumers rather than other businesses. The company operates as a live social shopping and online retailer, marketing various consumer products to individuals in their homes through televised programs, internet, and mobile applications.
The major customer categories QVC serves are:
- Home-Based Shoppers: Individuals and families who prefer the convenience of shopping from home, utilizing QVC's multi-platform approach including televised programs, websites, mobile applications, streaming services, and social pages.
- Fashion & Beauty Enthusiasts: Consumers specifically interested in apparel (women's, children's, and men's), accessories, and beauty products, often engaging with product demonstrations and expert presentations.
- Home & Lifestyle Consumers: Individuals seeking products to enhance their living spaces, including home decor, kitchenware, electronics, and other lifestyle-related goods.
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David Rawlinson II, President and CEO
David Rawlinson II became President and CEO of QVC Group, Inc., on October 1, 2021. He joined QVC Group from NielsenIQ, where he served as CEO and led the company through a transition to new ownership. Previously, he was President of Grainger Global Online, the fastest-growing, stand-alone division of W.W. Grainger, Inc. He also held executive roles with ITT Exelis (formerly ITT Corp.). Rawlinson served as a White House Fellow and as a Senior Advisor for Economic Policy with the White House National Economic Council under Presidents George W. Bush and Barack Obama, respectively.
Bill Wafford, Chief Administrative Officer and Chief Financial Officer
Bill Wafford joined QVC Group in March 2023 as CFO and was appointed Chief Administrative Officer in April 2024, with these roles becoming effective as combined on April 1, 2025. He brings over 25 years of experience in corporate finance, management consulting, and executive leadership across retail, consumer goods, and digital commerce. Prior to QVC Group, Wafford served as Chief Financial Officer at Everlane. His previous experience includes serving as CFO for retail companies such as JCPenney, where he was CFO through a Chapter 11 filing, and The Vitamin Shoppe. He also held executive finance roles with Walgreens Boots Alliance and Target, and was a partner at KPMG.
Gregory B. Maffei, Executive Chairman
Gregory B. Maffei served as the President and CEO of Liberty Media Corporation and the Liberty family of companies from 2005 to 2025. During his 19 years at Liberty, he oversaw acquisitions and investments in businesses including the Atlanta Braves, DirecTV, SiriusXM, Live Nation Entertainment, Charter Communications, and Formula 1. He continues to serve as Executive Chairman of QVC Group, Inc., which owns digital commerce businesses including QVC, HSN, and Cornerstone Brands. Maffei also chairs Live Nation Entertainment, SiriusXM, and Tripadvisor, and is a Director of Charter Communications and Zillow. Before joining Liberty in 2005, he was Co-President of Oracle, Chairman and CEO of 360networks, and CFO of Microsoft.
Eve DelSoldo, General Counsel
Eve DelSoldo was named General Counsel, QVC GroupSM in August 2023. She also holds the titles of Executive Vice President and Chief Legal Officer.
Mara Sirhal, Chief Merchandise Officer of QVC U.S.
Mara Sirhal serves as the Chief Merchandise Officer for QVC U.S.
AI Analysis | Feedback
The QVC Group Inc. (QVCGA), a live social shopping company, faces several critical risks to its business, primarily stemming from a challenging market environment and substantial financial obligations.
The most significant risk to QVC Group Inc. is its **substantial debt burden and the associated risk of bankruptcy**. Recent reports indicate the company is in discussions with creditors regarding a potential debt restructuring, which could involve a Chapter 11 bankruptcy filing. In September 2025, QVC Group reported $6.6 billion in debt, highlighting the severity of its financial leverage.
A major contributing factor to its financial distress is the **structural decline in linear television viewership and the ongoing challenge of effectively transitioning to digital and online commerce**. QVC's traditional business model, heavily reliant on merchandise-focused televised shopping programs, has been impacted by the shift of consumer habits to streaming services and other digital platforms. This decline in its core audience puts significant pressure on its sales channels.
Consequently, QVC Group Inc. is experiencing **persistent declines in revenue and operating income**. The company's financial reports have consistently shown decreases in consolidated revenue, operating income, and Adjusted OIBDA. For instance, in the second quarter of 2025, QVC Group's revenue decreased by 7% in US Dollars, and it incurred a significant non-cash impairment charge related to goodwill and tradenames. This ongoing financial underperformance exacerbates its debt challenges and hinders its ability to invest in necessary strategic transformations.
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The clear emerging threat to QVC Group Inc. is the rapid growth and widespread adoption of integrated social commerce platforms (e.g., TikTok Shop, Instagram Shopping, YouTube Shopping, Amazon Live). These platforms offer live streaming, shoppable content, and direct-to-consumer purchasing capabilities directly within social media and digital ecosystems, often leveraging influencer marketing and personalized algorithms. This directly challenges QVC's traditional model of televised shopping programs and its own live social shopping efforts by providing a more dynamic, interactive, and digitally native shopping experience that is increasingly preferred by consumers, especially younger demographics.
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QVC Group Inc. (QVCGA) operates within several significant addressable markets, primarily focusing on live social shopping, video and online commerce, and online retail of various consumer products across North America, Europe, and Asia. Here are the estimated market sizes for QVC's main products and services: * **Social Commerce / Live Commerce / Video Commerce** * **Global:** The global social commerce market size was estimated at USD 1,484.46 billion in 2025 and is projected to reach USD 17,828.84 billion by 2033. Another estimate places the global live commerce platforms market size at USD 5.11 billion in 2025, expected to reach USD 12.34 billion by 2032. The global live commerce market was valued at approximately USD 128 billion in 2024 and is projected to reach USD 2.47 trillion by 2033. * **Asia Pacific:** This region dominated the global social commerce market with a 73.2% revenue share in 2025 and held over 40% of the global home shopping market in 2025. The Asia Pacific live commerce market is expected to reach approximately USD 1,338.2 billion by 2033. China's live commerce market revenue was approximately USD 4.545 billion in 2024 and is projected to surpass USD 1 trillion by 2026. * **North America:** The North America live commerce market generated USD 24.06 billion in revenue in 2024 and is projected to reach USD 521.5 billion by 2033. Specifically, the U.S. live commerce market generated USD 18.71 billion in 2024 and is expected to reach USD 393.74 billion by 2033. * **Europe:** The European live commerce market generated USD 18.52 billion in revenue in 2024 and is expected to reach USD 441.65 billion by 2033. The market in Europe was worth €10 billion in 2023. * **Online Apparel Retail** * **Global:** The global online apparel retail market size was valued at USD 1,025.68 billion in 2024 and is expected to reach nearly USD 3,873.74 billion by 2032. Another report indicates the global online apparel market size is likely to be valued at USD 808.6 billion in 2026 and is estimated to reach USD 1,938.0 billion by 2033. * **North America:** The online apparel retailing market size in North America is forecast to increase by USD 343.2 billion between 2024 and 2029. * **Online Beauty and Personal Care Products** * **Global:** The global online beauty and personal care products market size reached USD 64.7 billion in 2024 and is expected to reach USD 141.4 billion by 2033. Another estimate places the global online beauty and personal care market at USD 54.2 billion in 2022, projected to reach USD 161.4 billion by 2032. * **Online Home Decor / Homeware** * **Global:** The global online home decor market size was valued at USD 59.19 billion in 2023 and is projected to reach USD 141.31 billion by 2032. Another source states the global online home decor market revenue was USD 188.27 billion in 2023 and is expected to reach USD 375.86 billion by 2034. * **North America:** North America dominated the homeware market with the largest revenue share of 36.58% in 2024. * **E-commerce Retail** * **North America:** The North America e-commerce retail market size reached USD 1,657.9 billion in 2025 and is projected to expand to USD 3,657.6 billion by 2035. The North America e-commerce market was valued at USD 1.45 trillion in 2025 and is estimated to grow to USD 2.51 trillion by 2031.AI Analysis | Feedback
QVC Group Inc. (NASDAQ: QVCGA) is focusing on several key initiatives to drive future revenue growth over the next two to three years, primarily centered around its "WIN growth plan" and transformation into a live social shopping company. These drivers aim to counteract current declines in traditional sales channels by expanding into new, more dynamic areas.
- Expansion and Enhanced Engagement on Social and Streaming Platforms: QVC Group is heavily investing in and expanding its presence on social and streaming platforms to reach new audiences and drive growth. The company has observed significant growth in its streaming businesses, with monthly average users increasing by 80% and attributed revenue growing by 19% in Q4 2024. In Q2 2025, social and streaming revenue grew over 30% compared to Q2 2024, approaching double digits of QxH revenue. This includes adding QVC and HSN to platforms like Philo and launching ad-supported versions of channels like QVC2 on SaaS platforms, as well as leveraging platforms such as TikTok Shop.
- Transformation into a Live Social Shopping Company: QVC Group is actively transforming into a live social shopping entity, aiming to redefine the shopping experience through video-driven commerce across various screens, including smartphones, tablets, laptops, and TVs. This strategic pivot is intended to counteract declining linear television viewership and attract new customer demographics who prefer an interactive shopping model. This overarching strategy involves consolidating operations and ramping up social media initiatives to become a scaled player in this evolving market.
- Introduction and Expansion of New Brands and Product Categories: A driver of future revenue growth is the expansion of product offerings, specifically through the introduction of new brands in categories such as beauty and wellness. This strategy aims to broaden the company's appeal, attract new customers, and potentially increase the average spending of existing customers by offering a wider array of desirable products.
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Share Repurchases
- In August 2021, QVC Group's board of directors authorized the repurchase of $500 million of its Series A common stock (QVCGA) or Series B common stock (QVCGB).
- There were no repurchases of QVCGA or QVCGB under the Company's share repurchase program during the three months ended March 31, 2025, or September 30, 2025.
Share Issuance
- On May 22, 2025, QVC Group Inc. completed a 1-for-50 reverse stock split of its Series A common stock (QVCGA) and Series B common stock (QVCGB) to comply with Nasdaq's minimum bid price requirement.
- The reverse stock split did not change the total number of authorized QVCGA and QVCGB shares.
- As of September 30, 2025, the company had 7,886,235 shares of QVCGA and 182,233 shares of QVCGB outstanding following the reverse stock split.
Outbound Investments
- Qurate Retail, Inc. (the former name of QVC Group Inc.) completed the acquisition of "Split-Off Split off Company of Liberty Live Group" on December 16, 2025.
Capital Expenditures
- For the third quarter of 2025, capital expenditures were $31.0 million, representing an 18.4% decrease from the prior quarter.
- In the last 12 months (ending in a period around late 2025/early 2026), capital expenditures totaled $165.00 million.
- QVC Group is focusing its capital expenditures on digital platforms as part of its "WIN growth plan" to enhance digital engagement and expand content distribution across shopping platforms.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| QVC Earnings Notes | 12/16/2025 | |
| With QVC Stock Surging, Have You Considered The Downside? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 48.56 |
| Mkt Cap | 7.6 |
| Rev LTM | 19,074 |
| Op Inc LTM | 697 |
| FCF LTM | 849 |
| FCF 3Y Avg | 530 |
| CFO LTM | 1,405 |
| CFO 3Y Avg | 1,202 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.5% |
| Rev Chg 3Y Avg | -1.6% |
| Rev Chg Q | 2.2% |
| QoQ Delta Rev Chg LTM | 0.5% |
| Op Inc Chg LTM | 0.9% |
| Op Inc Chg 3Y Avg | 34.2% |
| Op Mgn LTM | 3.9% |
| Op Mgn 3Y Avg | 4.3% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 6.1% |
| CFO/Rev 3Y Avg | 5.7% |
| FCF/Rev LTM | 2.4% |
| FCF/Rev 3Y Avg | 2.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.6 |
| P/S | 0.5 |
| P/Op Inc | 20.1 |
| P/EBIT | 4.2 |
| P/E | 7.3 |
| P/CFO | 11.1 |
| Total Yield | 2.8% |
| Dividend Yield | 2.0% |
| FCF Yield 3Y Avg | 6.4% |
| D/E | 0.7 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 9.0% |
| 3M Rtn | -7.5% |
| 6M Rtn | 2.4% |
| 12M Rtn | 68.4% |
| 3Y Rtn | 71.4% |
| 1M Excs Rtn | 0.6% |
| 3M Excs Rtn | -10.3% |
| 6M Excs Rtn | -1.6% |
| 12M Excs Rtn | 36.7% |
| 3Y Excs Rtn | 0.6% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| QVC US and HSN (QxH) | 6,995 | 7,359 | 8,277 | 8,505 | 8,277 |
| QVC International (Int'l) | 2,454 | 2,528 | 3,077 | 2,967 | 2,709 |
| Cornerstone Brands, Inc (CBI) | 1,165 | 1,313 | 1,238 | ||
| Corporate and other | 301 | 906 | 1,453 | 1,070 | 901 |
| Inter-segment eliminations | 0 | -1 | -1 | ||
| Zulily | 1,636 | 1,571 | |||
| Total | 10,915 | 12,106 | 14,044 | 14,177 | 13,458 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| QVC US and HSN (QxH) | 746 | 750 | 1,439 | 1,547 | 1,536 |
| QVC International (Int'l) | 325 | 358 | 562 | 510 | 446 |
| Restructuring (benefits) costs | 189 | -3 | -21 | ||
| Gain on sale leaseback transaction | 113 | 520 | |||
| Cornerstone Brands, Inc (CBI) | 67 | 78 | 137 | ||
| Stock-based compensation | -53 | -60 | -72 | -64 | -71 |
| Corporate and other | -64 | -122 | -58 | 58 | -1 |
| Impairment of goodwill and intangible assets | -326 | -3,081 | -363 | -1,167 | |
| Depreciation and amortization | -407 | -481 | -537 | -562 | -606 |
| Zulily | 83 | 48 | |||
| Transaction related costs | -1 | ||||
| Total | 590 | -2,041 | 1,087 | 1,572 | 184 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| QVC US and HSN (QxH) | 8,088 | 8,731 | 12,302 | 12,393 | 12,774 |
| QVC International (Int'l) | 1,892 | 1,933 | 2,214 | 2,455 | 2,268 |
| Corporate and other | 822 | 1,349 | 1,201 | 1,102 | 1,127 |
| Cornerstone Brands, Inc (CBI) | 566 | 558 | 485 | ||
| Zulily | 1,049 | 1,136 | |||
| Total | 11,368 | 12,571 | 16,202 | 16,999 | 17,305 |
Price Behavior
| Market Price | $0.34 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 05/10/2006 | |
| Distance from 52W High | -97.7% | |
| 50 Days | 200 Days | |
| DMA Price | $2.60 | $7.47 |
| DMA Trend | down | down |
| Distance from DMA | -86.9% | -95.5% |
| 3M | 1YR | |
| Volatility | 246.0% | 3,932.0% |
| Downside Capture | 1339.14 | -209.80 |
| Upside Capture | -204.09 | -480.41 |
| Correlation (SPY) | 26.0% | -5.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 7.27 | 5.28 | 3.68 | 1.88 | -7.55 | -2.86 |
| Up Beta | 6.06 | -2.23 | -1.36 | -1.87 | 0.26 | 0.84 |
| Down Beta | 9.58 | 2.24 | 2.61 | 1.75 | 2.70 | 1.11 |
| Up Capture | 781% | 588% | 289% | 52% | -61% | -4% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 12 | 22 | 33 | 63 | 128 | 344 |
| Down Capture | 503% | 546% | 442% | 274% | -847% | 104% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 10 | 20 | 30 | 63 | 120 | 396 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with QVCGA | |
|---|---|---|---|---|
| QVCGA | -95.3% | 3,931.9% | 0.96 | - |
| Sector ETF (XLY) | 27.4% | 19.0% | 1.14 | -5.0% |
| Equity (SPY) | 36.1% | 12.7% | 2.15 | -6.0% |
| Gold (GLD) | 38.7% | 27.3% | 1.18 | 8.3% |
| Commodities (DBC) | 45.3% | 18.0% | 1.93 | 2.3% |
| Real Estate (VNQ) | 14.6% | 13.3% | 0.77 | 0.4% |
| Bitcoin (BTCUSD) | -16.3% | 42.1% | -0.31 | -9.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with QVCGA | |
|---|---|---|---|---|
| QVCGA | -76.9% | 1,754.5% | 0.40 | - |
| Sector ETF (XLY) | 6.4% | 23.8% | 0.23 | -0.0% |
| Equity (SPY) | 12.6% | 17.1% | 0.58 | -0.2% |
| Gold (GLD) | 21.0% | 17.8% | 0.96 | 5.9% |
| Commodities (DBC) | 14.5% | 19.1% | 0.62 | 1.6% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 1.7% |
| Bitcoin (BTCUSD) | 4.9% | 56.4% | 0.31 | -2.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with QVCGA | |
|---|---|---|---|---|
| QVCGA | -52.5% | 1,240.5% | 0.28 | - |
| Sector ETF (XLY) | 12.7% | 22.0% | 0.53 | 0.7% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 0.6% |
| Gold (GLD) | 13.9% | 15.9% | 0.73 | 4.7% |
| Commodities (DBC) | 10.0% | 17.8% | 0.47 | 1.6% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 1.8% |
| Bitcoin (BTCUSD) | 68.5% | 66.9% | 1.08 | -1.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/5/2025 | -9.6% | 11.0% | 49.8% |
| 8/7/2025 | 21.6% | 29.5% | 186.3% |
| 2/28/2025 | -13.1% | -15.2% | -39.7% |
| 11/7/2024 | -6.2% | -5.8% | -24.0% |
| 8/8/2024 | -1.6% | -10.1% | -23.3% |
| 5/8/2024 | -14.6% | -17.5% | -19.6% |
| 2/28/2024 | -4.7% | -18.2% | -16.9% |
| 11/3/2023 | 1.2% | -5.5% | 23.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 7 | 8 |
| # Negative | 12 | 14 | 13 |
| Median Positive | 2.2% | 7.6% | 22.5% |
| Median Negative | -5.8% | -8.3% | -19.3% |
| Max Positive | 21.6% | 29.5% | 186.3% |
| Max Negative | -14.6% | -18.3% | -46.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 04/15/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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