QVC, Inc. 6.250% Senior Secured(QVCC)Earnings, Financials & Key Ratios

QVCC•NYSE

Price updated Jun 4, 2026

SectorCommunication Services IndustryBroadcasting Sub-IndustryPay TV Networks and Channels

AboutQVC was founded in 1986 by Joseph Segel, an entrepreneur who saw an opportunity to create a new and engaging shopping experience through television broadcasts. He named the company QVC to represent its three guiding principles: Quality, Value, and Convenience. These values were created to build trust with consumers, creating lifetime, avid fans.Show more

Revenue$9B-4.8%
EBITDA-$270M-130.4%
Net Income-$1.07B-772.3%
EPS (Diluted)0.00
Gross Margin92.3%+174.6%
EBITDA Margin-3%-131.9%
Operating Margin-8.56%-225.4%
Net Margin-11.88%-806.1%
ROE-27.74%-877.3%

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QVCC Price & Volume

QVC, Inc. 6.250% Senior Secured (QVCC) stock price & volume — 10-year historical chart

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QVCC Growth Metrics

QVC, Inc. 6.250% Senior Secured (QVCC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years0.22%

5 Years-3.92%

3 Years-7.46%

TTM-7.02%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-4608.33%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-

Return on Capital

10 Years6.9%

5 Years1.73%

3 Years-4.71%

Last Year-8.99%

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
EVLVEvolv Technologies Holdings, Inc.Direct Competitor	1.02B	5.65	-28.25	40.48%	-22.75%	-33.53%	0.35
BBBYBed Bath & Beyond Inc.Direct Competitor	429.26M	5.93	-4.21	-25.12%	-5.76%	-32.39%	0.10
AMZNAmazon.com, Inc.Product Competitor	2.63T	244.39	34.09	12.38%	12.22%	23.34%	0.37
ETSYEtsy, Inc.Product Competitor	7.02B	73.95	53.20	2.68%	9.94%
EBAYeBay Inc.Product Competitor	49.47B	108.24	24.94	7.95%	17.58%	44.12%	1.60
WWayfair Inc.Product Competitor	11.65B	88.52	-36.58	5.11%	-2.41%
CMCSAComcast CorporationSupply Chain	81.73B	22.43	4.16	-0.02%	14.85%	19.54%	1.13
CHTRCharter Communications, Inc.Supply Chain	15.98B	126.23	3.49	-0.56%	9.39%	25.18%	4.73

Compare QVCC vs Peers

QVC, Inc. 6.250% Senior Secured (QVCC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs EVLV

Most directly comparable listed peer for QVCC.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare QVCC against a more recognizable public peer.

Peer Set

Compare Top 5

vs EVLV, BBBY, AMZN, ETSY

QVCC Income Statement

QVC, Inc. 6.250% Senior Secured (QVCC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Metric	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Sales/Revenue	8.68B	8.77B	11.28B	10.99B	11.47B	11.35B	9.89B	9.45B	9B	8.53B
Revenue Growth %	-0.7%	1.03%	28.63%	-2.62%	4.42%	-1.03%	-12.92%	-4.43%	-4.78%	-7.02%
Cost of Goods Sold	5.54B	5.6B	7.25B	7.15B	7.42B	7.37B	6.85B	6.27B	693M	-2.15B
COGS % of Revenue	63.81%	63.82%	64.24%	65.06%	64.66%	64.89%	69.24%	66.39%	7.7%	-
Gross Profit	3.14B▲ 0%	3.17B▲ 1.0%	4.03B▲ 27.1%	3.84B▼ 4.9%	4.05B▲ 5.6%	3.99B▼ 1.7%	3.04B▼ 23.7%	3.18B▲ 4.4%	8.3B▲ 161.5%	6.71B▲ 0%
Gross Margin %	36.19%	36.18%	35.76%	34.94%	35.34%	35.11%	30.76%	33.61%	92.3%	78.7%
Gross Profit Growth %	-2.27%	0.99%	27.14%	-4.86%	5.63%	-1.68%	-23.71%	4.44%	161.46%	-
Operating Expenses	1.91B	1.87B	2.53B	2.51B	2.49B	2.49B	4.44B	2.53B	989M	3.19B
OpEx % of Revenue	21.96%	21.35%	22.4%	22.88%	21.68%	21.9%	44.91%	26.79%	10.99%	-
Selling, General & Admin	1.33B	1.31B	2.02B	1.9B	2.03B	2.03B	2.06B	2.14B	989M	1.33B
SG&A % of Revenue	15.37%	14.89%	17.91%	17.25%	17.72%	17.87%	20.88%	22.67%	10.99%	-
Research & Development	0	0	15M	15M	15M	15M	15M	15M	0	11M
R&D % of Revenue	-	-	0.13%	0.14%	0.13%	0.13%	0.15%	0.16%	-	-
Other Operating Expenses	0	0	0	604M	439M	442M	2.36B	374M	0	2M
Operating Income	1.2B▲ 0%	1.35B▲ 12.1%	1.6B▲ 18.8%	1.48B▼ 7.9%	1.57B▲ 6.3%	1.51B▼ 3.9%	-1.4B▼ 192.8%	645M▲ 146.1%	-770M▼ 219.4%	-3.31B▲ 0%
Operating Margin %	13.86%	15.37%	14.2%	13.43%	13.67%	13.27%	-14.15%	6.83%	-8.56%	-38.8%
Operating Income Growth %	-5.65%	12.05%	18.84%	-7.93%	6.31%	-3.89%	-192.83%	146.1%	-219.38%	-
EBITDA	1.71B	1.77B	1.92B	1.86B	1.94B	1.83B	-1.11B	888M	-270M	-2.69B
EBITDA Margin %	19.67%	20.23%	17%	16.91%	16.88%	16.16%	-11.23%	9.4%	-3%	-31.5%
EBITDA Growth %	-3.5%	3.86%	8.12%	-3.13%	4.2%	-5.22%	-160.49%	180%	-130.41%	-553.89%
D&A (Non-Cash Add-back)	505M	426M	316M	383M	368M	328M	289M	243M	500M	623M
EBIT	1.2B	1.35B	1.6B	1.48B	1.57B	1.53B	576M	662M	-1.27B	-1.94B
Net Interest Income	-208M	-214M	-245M	5M	-3M	-241M	9M	-229M	-251M	-249M
Interest Income	0	0	0	245M	254M	0	237M	0	0	0
Interest Expense	208M	214M	245M	240M	257M	241M	228M	229M	251M	249M
Other Income/Expense	-176M	-261M	-250M	-248M	-320M	-248M	-191M	-229M	-249M	-342M
Pretax Income	1.03B▲ 0%	1.09B▲ 5.7%	1.26B▲ 16.2%	1.08B▼ 14.5%	1.25B▲ 15.6%	1.26B▲ 1.0%	-1.59B▼ 226.3%	416M▲ 126.2%	-1.02B▼ 345.0%	-3.65B▲ 0%
Pretax Margin %	11.83%	12.38%	11.19%	9.82%	10.87%	11.09%	-16.08%	4.4%	-11.33%	-42.81%
Income Tax	385M	139M	334M	262M	345M	408M	220M	205M	3M	140M
Effective Tax Rate %	37.49%	12.8%	26.47%	24.28%	27.67%	32.41%	-13.84%	49.28%	-0.29%	-3.83%
Net Income	604M▲ 0%	901M▲ 49.2%	882M▼ 2.1%	767M▼ 13.0%	844M▲ 10.0%	787M▼ 6.8%	-1.87B▼ 337.2%	159M▲ 108.5%	-1.07B▼ 772.3%	-3.39B▲ 0%
Net Margin %	6.96%	10.27%	7.82%	6.98%	7.36%	6.93%	-18.88%	1.68%	-11.88%	-39.74%
Net Income Growth %	-3.82%	49.17%	-2.11%	-13.04%	10.04%	-6.75%	-337.23%	108.52%	-772.33%	-4608.33%
Net Income (Continuing)	642M	947M	928M	817M	902M	851M	-1.81B	211M	-1.02B	-3.74B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	100M	110M	119M	130M	133M	122M	95M	87M	76M	86M
EPS (Diluted)	0.00▲ 0%	0.00▲ 0%	0.00▲ 0%	0.00▲ 0%	0.00▲ 0%	0.00▲ 0%	0.00▲ 0%	0.00▲ 0%	0.00▲ 0%	-▲ 0%
EPS Growth %	-	-	-	-	-	-	-	-	-	-
EPS (Basic)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Diluted Shares Outstanding	0	0	0	0	0	0	0	0	0	0
Basic Shares Outstanding	0	0	0	0	0	0	0	0	0	0
Dividend Payout Ratio	116.39%	96.12%	41.61%	114.6%	140.28%	122.36%	-	274.84%	-	-

QVCC Balance Sheet

QVC, Inc. 6.250% Senior Secured (QVCC) balance sheet — assets, liabilities & shareholders' equity

Metric	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Total Current Assets	2.54B	3.25B	3.83B	3.78B	3.7B	3.7B	2.91B	2.64B	2.5B	3.36B
Cash & Short-Term Investments	284M	282M	548M	561M	682M	510M	357M	307M	297M	1.33B
Cash Only	284M	282M	543M	561M	682M	510M	357M	307M	297M	1.33B
Short-Term Investments	0	0	5M	0	0	0	0	0	0	0
Accounts Receivable	1.18B	1.6B	1.69B	1.71B	1.51B	1.42B	1.22B	1.19B	1.05B	829M
Days Sales Outstanding	49.52	66.58	54.68	56.81	47.92	45.71	44.93	46.08	42.64	37.79
Inventory	950M	1.2B	1.28B	1.21B	1.12B	1.35B	1.03B	860M	0	1.02B
Days Inventory Outstanding	62.59	78.5	64.46	61.99	55.06	67.12	55.18	50.04	-	-128.7
Other Current Assets	78M	88M	220M	111M	104M	232M	155M	117M	1.16B	186M
Total Non-Current Assets	9.01B	11.07B	11.02B	11.15B	12.85B	12.44B	9.5B	9.08B	7.38B	4.97B
Property, Plant & Equipment	1.03B	1.17B	1.17B	1.43B	1.4B	1.12B	891M	937M	0	789M
Fixed Asset Turnover	8.42x	7.50x	9.68x	7.69x	8.20x	10.14x	11.10x	10.08x	-	13.63x
Goodwill	5B	5.98B	5.97B	5.97B	6.03B	5.97B	3.47B	3.15B	2.2B	808M
Intangible Assets	2.91B	3.84B	3.8B	3.63B	3.51B	3.54B	3.25B	3.19B	2.5B	1.19B
Long-Term Investments	2M	7M	38M	40M	10M	10.63B	7.03B	0	0	0
Other Non-Current Assets	141M	23M	110M	104M	1.19B	-8.82B	-5.73B	1.8B	2.68B	2.18B
Total Assets	11.54B▲ 0%	14.32B▲ 24.0%	14.86B▲ 3.8%	14.93B▲ 0.5%	16.56B▲ 10.9%	16.14B▼ 2.5%	12.4B▼ 23.2%	11.72B▼ 5.5%	9.89B▼ 15.6%	8.33B▲ 0%
Asset Turnover	0.75x	0.61x	0.76x	0.74x	0.69x	0.70x	0.80x	0.81x	0.91x	0.97x
Asset Growth %	-4.25%	24.03%	3.75%	0.48%	10.93%	-2.52%	-23.15%	-5.51%	-15.62%	-91.94%
Total Current Liabilities	1.46B	2.03B	2.46B	1.98B	2.84B	2.47B	2.02B	2.25B	2.23B	1.32B
Accounts Payable	678M	958M	1.01B	913M	1.13B	1.27B	832M	838M	722M	612M
Days Payables Outstanding	44.67	62.46	50.76	46.62	55.45	62.96	44.36	48.76	380.27	-108.02
Short-Term Debt	14M	17M	421M	-98M	392M	1M	214M	423M	585M	1M
Deferred Revenue (Current)	0	0	0	98M	711K	-20K	577M	0	0	0
Other Current Liabilities	497M	590M	617M	607M	772.29M	1B	-510M	51M	899M	709M
Current Ratio	1.74x	1.60x	1.56x	1.91x	1.30x	1.50x	1.44x	1.17x	1.12x	2.54x
Quick Ratio	1.09x	1.00x	1.04x	1.30x	0.91x	0.95x	0.93x	0.79x	1.12x	1.77x
Cash Conversion Cycle	67.44	82.62	68.37	72.18	47.52	49.87	55.75	47.36	-	17.11
Total Non-Current Liabilities	6.19B	6.49B	5.57B	6.15B	5.58B	5.95B	5.82B	5.13B	4.29B	5.75B
Long-Term Debt	5.28B	5.63B	4.7B	4.94B	4.4B	4.89B	4.72B	3.91B	3.31B	466M
Capital Lease Obligations	0	0	0	353M	345M	314M	379M	489M	475M	475M
Deferred Tax Liabilities	0	0	0	0	0	636K	577K	0	0	742M
Other Non-Current Liabilities	914M	858M	873M	856M	837M	750M	-4B	733M	499M	5.11B
Total Liabilities	7.65B	8.52B	8.03B	8.12B	8.42B	8.42B	7.83B	7.38B	6.52B	7.07B
Total Debt	5.29B	5.65B	5.12B	5.29B	5.18B	5.25B	5.35B	4.85B	4.4B	467M
Net Debt	5B	5.37B	4.58B	4.73B	4.46B	4.69B	4.96B	4.54B	4.1B	-861M
Debt / Equity	1.36x	0.97x	0.75x	0.78x	0.64x	0.68x	1.17x	1.12x	1.31x	0.37x
Debt / EBITDA	3.10x	3.18x	2.67x	2.85x	2.68x	2.86x	-	5.46x	-	-0.17x
Net Debt / EBITDA	2.93x	3.03x	2.39x	2.55x	2.30x	2.56x	-	5.12x	-	0.32x
Interest Coverage	5.78x	6.30x	6.54x	6.15x	6.10x	6.25x	-6.14x	2.82x	-3.07x	-7.78x
Total Equity	3.9B▲ 0%	5.8B▲ 48.8%	6.83B▲ 17.8%	6.8B▼ 0.4%	8.13B▲ 19.6%	7.72B▼ 5.1%	4.57B▼ 40.8%	4.34B▼ 5.1%	3.37B▼ 22.3%	1.25B▲ 0%
Equity Growth %	-5.42%	48.81%	17.82%	-0.37%	19.56%	-5.09%	-40.78%	-5.14%	-22.32%	-189.04%
Book Value per Share	-	-	-	-	-	-	-	-	-	-
Total Shareholders' Equity	3.79B	5.69B	6.71B	6.67B	8B	7.6B	4.48B	4.25B	3.29B	1.17B
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-2.83B	-2.8B	-2.27B	-2.39B	-2.72B	-2.94B	-6.08B	-6.36B	-7.54B	-9.79B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-224M	-93M	-144M	-144M	-17M	-146M	-312M	-290M	-370M	-251M
Minority Interest	100M	110M	119M	130M	133M	122M	95M	87M	76M	86M

QVCC Cash Flow Statement

QVC, Inc. 6.250% Senior Secured (QVCC) cash flow — operating, investing & free cash flow history

Metric	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash from Operations	1.18B	1.2B	1.16B	1.32B	2.23B	1.17B	409M	1.09B	535M	363M
Operating CF Margin %	13.57%	13.7%	10.25%	12.03%	19.47%	10.3%	4.14%	11.58%	5.95%	-
Operating CF Growth %	14.59%	2.04%	-3.83%	14.36%	68.99%	-47.67%	-65.01%	167.48%	-51.1%	-178.71%
Net Income	604M	901M	882M	767M	844M	787M	47M	159M	-1.07B	-3.39B
Depreciation & Amortization	505M	426M	316M	383M	368M	429M	289M	243M	351M	-324M
Stock-Based Compensation	32M	39M	46M	39M	37M	44M	36M	37M	20M	12M
Deferred Taxes	0	0	0	-97M	-10M	-82M	-61M	0	0	175M
Other Non-Cash Items	90M	-127M	165M	344M	446M	353M	-51M	519M	1.29B	2.87B
Working Capital Changes	-53M	-37M	-253M	-114M	549M	-362M	149M	136M	-55M	-4M
Change in Receivables	117M	-127M	-110M	-10M	229M	71M	144M	38M	142M	-268M
Change in Inventory	-38M	-43M	-113M	68M	115M	-388M	296M	184M	-53M	100M
Change in Payables	0	0	0	0	0	0	0	-1M	0	-129M
Cash from Investing	-221M	-181M	-413M	-407M	-279M	-255M	638M	-47M	-206M	-257M
Capital Expenditures	-179M	-152M	-228M	-291M	-218M	-210M	-216M	-182M	-173M	30M
CapEx % of Revenue	2.06%	1.73%	2.02%	2.65%	1.9%	1.85%	2.18%	1.93%	1.92%	0.35%
Acquisitions	0	22M	0	0	0	0	0	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-42M	-51M	-185M	-116M	-61M	-45M	854M	135M	-33M	-287M
Cash from Financing	-981M	-1.04B	-485M	-894M	-1.85B	-1.06B	-1.17B	-1.09B	-321M	949M
Debt Issued (Net)	0	0	0	0	-549M	303M	184M	-598M	-438M	55M
Equity Issued (Net)	0	0	0	0	0	-1000K	-1000K	0	-1000K	1000K
Dividends Paid	-703M	-866M	-367M	-879M	-1.18B	-963M	-1.27B	-437M	-108M	-133M
Share Repurchases	0	0	0	0	0	-17M	-5M	0	-1M	-1M
Other Financing	-278M	-172M	-118M	-15M	-121M	-380M	-74M	-53M	226M	1.03B
Net Change in Cash	-33M▲ 0%	-4M▲ 87.9%	260M▲ 6600.0%	19M▼ 92.7%	121M▲ 536.8%	-171M▼ 241.3%	-152M▲ 11.1%	-45M▲ 70.4%	-7M▲ 84.4%	1.06B▲ 0%
Free Cash Flow	999M▲ 0%	1.05B▲ 5.1%	928M▼ 11.6%	1.03B▲ 11.1%	2.02B▲ 95.5%	959M▼ 52.4%	193M▼ 79.9%	912M▲ 372.5%	362M▼ 60.3%	-142M▲ 0%
FCF Margin %	11.51%	11.97%	8.23%	9.38%	17.57%	8.45%	1.95%	9.65%	4.02%	-1.66%
FCF Growth %	22.88%	5.11%	-11.62%	11.1%	95.54%	-52.43%	-79.87%	372.54%	-60.31%	-128.86%
FCF per Share	-	-	-	-	-	-	-	-	-	-
FCF Conversion (FCF/Net Income)	1.95x	1.33x	1.31x	1.72x	2.65x	1.49x	-0.22x	6.88x	-0.50x	0.04x
Interest Paid	0	0	0	0	0	0	0	0	259M	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

QVCC Key Ratios

QVC, Inc. 6.250% Senior Secured (QVCC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	TTM
Return on Equity (ROE)	15.08%	18.59%	13.97%	11.25%	11.3%	9.93%	-30.38%	3.57%	-27.74%	-270.12%
Return on Invested Capital (ROIC)	9.98%	10.08%	10.65%	9.64%	9.73%	9.01%	-9.53%	5.25%	-7.06%	-77.66%
Gross Margin	36.19%	36.18%	35.76%	34.94%	35.34%	35.11%	30.76%	33.61%	92.3%	78.7%
Net Margin	6.96%	10.27%	7.82%	6.98%	7.36%	6.93%	-18.88%	1.68%	-11.88%	-39.74%
Debt / Equity	1.36x	0.97x	0.75x	0.78x	0.64x	0.68x	1.17x	1.12x	1.31x	0.37x
Interest Coverage	5.78x	6.30x	6.54x	6.15x	6.10x	6.25x	-6.14x	2.82x	-3.07x	-7.78x
FCF Conversion	1.95x	1.33x	1.31x	1.72x	2.65x	1.49x	-0.22x	6.88x	-0.50x	0.04x
Revenue Growth	-0.7%	1.03%	28.63%	-2.62%	4.42%	-1.03%	-12.92%	-4.43%	-4.78%	-7.02%

QVCC Frequently Asked Questions

QVC, Inc. 6.250% Senior Secured (QVCC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

QVC, Inc. 6.250% Senior Secured (QVCC) reported $8.53B in revenue for fiscal year 2024. This represents a 1% decrease from $8.62B in 2013.

QVC, Inc. 6.250% Senior Secured (QVCC) saw revenue decline by 4.8% over the past year.

QVC, Inc. 6.250% Senior Secured (QVCC) reported a net loss of $3.39B for fiscal year 2024.

Dividend & Returns

QVC, Inc. 6.250% Senior Secured (QVCC) has a return on equity (ROE) of -27.7%. Negative ROE indicates the company is unprofitable.

QVC, Inc. 6.250% Senior Secured (QVCC) had negative free cash flow of $142.0M in fiscal year 2024, likely due to heavy capital investments.

What if you invested $1,000 in QVCC back in 2013?

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How much would $100/month in QVCC be worth today?

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