QVC, Inc. 6.375% Senior Secured (QVCD) Revenue History
Annual and quarterly revenue from 2012 to present
QVCD Revenue Over Time (2012–2024)
QVCD Revenue Growth History
5 of 12 years with positive growth- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- +1.3%
- FY2014 revenue growth
- +2.1%
- FY2015 revenue growth
- -0.7%
- FY2016 revenue growth
- -0.7%
- FY2017 revenue growth
- +1.0%
- FY2018 revenue growth
- +28.6%
- FY2019 revenue growth
- -2.6%
- FY2020 revenue growth
- +4.4%
- FY2021 revenue growth
- -1.0%
- FY2022 revenue growth
- -12.9%
- FY2023 revenue growth
- -4.4%
- FY2024 revenue growth
- -4.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2025 | $1.98B | -5.3% |
| Q2 2025 | $1.98B | -7.0% |
| Q1 2025 | $1.91B | -9.8% |
| Q4 2024 | $2.66B | -6.3% |
| Q3 2024 | $2.09B | -4.6% |
| Q2 2024 | $2.13B | -4.0% |
| Q1 2024 | $2.11B | -3.7% |
| Q4 2023 | $2.84B | -2.9% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
QVCD's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
QVCD Revenue Analysis (2012–2024)
Current Revenue & Growth
As of July 8, 2026, QVC, Inc. 6.375% Senior Secured (QVCD) generated trailing twelve-month (TTM) revenue of $8.53 billion, reflecting moderate decline in growth of -5.3% year-over-year. The most recent quarter (Q3 2025) recorded $1.98 billion in revenue, down 0.1% sequentially.
Historical Growth Trajectory
QVCD's 5-year compound annual growth rate (CAGR) stands at -3.9%, indicating revenue contraction over this period. The 3-year CAGR of -7.5% is below the 5-year average, signalling a growth deceleration in recent years. QVC, Inc. 6.375% Senior Secured's highest annual revenue of $11.47 billion was recorded in 2020.
Revenue by Segment
QVCD's revenue is primarily driven by Home (40%), Apparel (18%), and Beauty (18%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Communication Services sector peers — including EVLV (+40.5% YoY), AMZN (+14.2% YoY), and EBAY (+12.5% YoY) — QVCD has underperformed the peer group in revenue growth. Compare QVCD vs EVLV →
QVCD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| QVCDCurrent | $8.5B | -5.3% | -3.9% | -8.6% | |
 EVLV | $146M | +40.5% | +98.1% | -30.7% | |
 AMZN | $716.9B | +14.2% | +13.2% | 11.2% | |
 EBAY | $11.1B | +12.5% | +4.5% | 20.5% | |
 ETSY | $2.9B | +3.2% | +10.8% | 12.8% | |
 W | $12.5B | +6.8% | -2.5% | 0.1% |
QVCD Historical Revenue Data (2012–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $9.00B | -4.8% | $8.30B | 92.3% | $-770,000,000 | -8.6% |
| 2023 | $9.45B | -4.4% | $3.18B | 33.6% | $645.0M | 6.8% |
| 2022 | $9.89B | -12.9% | $3.04B | 30.8% | $-1,399,000,000 | -14.1% |
| 2021 | $11.35B | -1.0% | $3.99B | 35.1% | $1.51B | 13.3% |
| 2020 | $11.47B | +4.4% | $4.05B | 35.3% | $1.57B | 13.7% |
| 2019 | $10.99B | -2.6% | $3.84B | 34.9% | $1.48B | 13.4% |
| 2018 | $11.28B | +28.6% | $4.03B | 35.8% | $1.60B | 14.2% |
| 2017 | $8.77B | +1.0% | $3.17B | 36.2% | $1.35B | 15.4% |
| 2016 | $8.68B | -0.7% | $3.14B | 36.2% | $1.20B | 13.9% |
| 2015 | $8.74B | -0.7% | $3.21B | 36.8% | $1.27B | 14.6% |
| 2014 | $8.80B | +2.1% | $3.25B | 37.0% | $1.28B | 14.5% |
| 2013 | $8.62B | +1.3% | $3.16B | 36.6% | $1.25B | 14.4% |
| 2012 | $8.52B | - | $3.10B | 36.4% | $1.27B | 14.9% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
14+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
QVCD — Frequently Asked Questions
Quick answers to the most common questions about buying QVCD stock.
Is QVCD's revenue growth accelerating or slowing?
QVCD revenue is declining -5.3% year-over-year. TTM revenue fell to $8.5B, contrasting with the 5-year CAGR of -3.9%. The reversal reflects either macro headwinds or company-specific challenges.
What is QVCD's revenue history from 2012 to 2026?
QVC, Inc. 6.375% Senior Secured (QVCD) revenue history spans 2012 to 2026. TTM revenue as of 2026 is $8.5B, growing at -5.3% YoY. The 5-year CAGR is -3.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is QVCD's long-term revenue growth rate (CAGR)?
QVC, Inc. 6.375% Senior Secured's 5-year revenue CAGR of -3.9% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -5.3% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for QVCD.
Why does QVCD's quarterly revenue fluctuate?
QVCD quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. QVC, Inc. 6.375% Senior Secured's revenue data from 2012 to 2026 shows full historical quarterly detail on this page.
How is QVCD's revenue distributed by segment?
QVCD reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does QVCD's revenue compare to industry peers?
QVC, Inc. 6.375% Senior Secured (QVCD) with TTM revenue of $8.5B and -5.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.