Summary of Significant Accounting Policies (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Accounting Policies [Abstract] |
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| Schedule of Trade and Other Receivable |
Trade and Other Receivables consisted of the following:
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December 31, |
| (in millions) |
2025 |
|
2024 |
| Installment payment option |
$ |
816 |
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|
946 |
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| Major credit cards and customers |
179 |
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|
205 |
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| Trade accounts receivable |
995 |
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|
1,151 |
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| Other receivables |
124 |
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|
83 |
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| Trade and other receivables |
1,119 |
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|
1,234 |
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| Less: allowance for credit losses |
(79) |
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|
(91) |
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| Trade and other receivables, net |
$ |
1,040 |
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|
1,143 |
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| Schedule of Activity in the Allowance for Credit Losses |
A summary of activity in the allowance for credit losses is as follows:
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Balance beginning of year |
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Additions |
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Balance end of year |
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Charged to expense |
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Other |
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Deductions- write-offs |
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amounts in millions |
| 2025 |
$ |
91 |
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50 |
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— |
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(62) |
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79 |
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| 2024 |
$ |
102 |
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57 |
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(1) |
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(67) |
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91 |
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| 2023 |
$ |
111 |
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59 |
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(6) |
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(62) |
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102 |
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| Schedule of Property and Equipment |
Property and equipment consisted of the following:
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December 31, |
Estimated useful |
| ($ in millions) |
2025 |
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2024 |
life |
| Land |
$ |
45 |
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|
63 |
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N/A |
| Buildings and improvements |
416 |
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|
452 |
|
2 - 40 years |
| Furniture and other equipment |
623 |
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|
614 |
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2 - 15 years |
| Broadcast equipment |
120 |
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|
133 |
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2 - 7 years |
| Computer equipment |
129 |
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147 |
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2 - 5 years |
| Projects in progress |
42 |
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|
51 |
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N/A |
| Total property and equipment |
1,375 |
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1,460 |
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| Less: accumulated depreciation |
(974) |
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(958) |
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| Property and equipment, net |
$ |
401 |
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|
502 |
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N/A - Not applicable.
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| Schedule of Disaggregation of Revenue |
Disaggregated revenue by segment and product category consisted of the following:
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Year ended December 31, 2025 |
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QxH |
|
QVC Int'l |
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CBI |
|
Corp and other |
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Total |
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amounts in millions |
| Home |
$ |
2,389 |
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|
956 |
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|
770 |
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— |
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4,115 |
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| Apparel |
1,094 |
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|
422 |
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|
167 |
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— |
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1,683 |
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| Beauty |
883 |
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|
545 |
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— |
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— |
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1,428 |
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| Accessories |
708 |
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|
206 |
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— |
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— |
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|
914 |
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| Electronics |
441 |
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|
66 |
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— |
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— |
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|
507 |
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| Jewelry |
273 |
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161 |
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— |
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— |
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|
434 |
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| Other revenue |
148 |
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1 |
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— |
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— |
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149 |
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| Total Revenue |
$ |
5,936 |
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2,357 |
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|
937 |
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— |
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9,230 |
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Year ended December 31, 2024 |
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QxH |
|
QVC Int'l |
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CBI |
|
Corp and other |
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Total |
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amounts in millions |
| Home |
$ |
2,626 |
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|
975 |
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|
864 |
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— |
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4,465 |
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| Apparel |
1,177 |
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|
418 |
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|
176 |
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— |
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1,771 |
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| Beauty |
1,010 |
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|
566 |
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— |
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— |
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1,576 |
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| Accessories |
799 |
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208 |
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— |
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— |
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1,007 |
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| Electronics |
539 |
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|
69 |
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— |
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— |
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|
608 |
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| Jewelry |
293 |
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|
161 |
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— |
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— |
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|
454 |
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| Other revenue |
154 |
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2 |
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— |
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— |
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|
156 |
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| Total Revenue |
$ |
6,598 |
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|
2,399 |
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|
1,040 |
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— |
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10,037 |
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Year ended December 31, 2023 |
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QxH |
|
QVC Int'l |
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CBI |
|
Corp and other |
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Total |
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amounts in millions |
| Home |
$ |
2,768 |
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|
982 |
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|
984 |
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|
76 |
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|
4,810 |
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| Apparel |
1,207 |
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|
436 |
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|
181 |
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|
113 |
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1,937 |
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| Beauty |
1,083 |
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|
588 |
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— |
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|
14 |
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|
1,685 |
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| Accessories |
846 |
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|
208 |
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— |
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|
79 |
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1,133 |
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| Electronics |
617 |
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|
68 |
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— |
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2 |
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|
687 |
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| Jewelry |
304 |
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|
165 |
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— |
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11 |
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|
480 |
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| Other revenue |
170 |
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|
7 |
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— |
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6 |
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|
183 |
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| Total Revenue |
$ |
6,995 |
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|
2,454 |
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|
1,165 |
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|
301 |
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10,915 |
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| Schedule of Activity in Allowance for Sales Returns |
A summary of activity in the allowance for sales returns, is as follows:
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Balance beginning of year |
|
Additions - charged to
earnings |
|
Deductions |
|
Balance end of year |
|
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|
amounts in millions |
| 2025 |
|
$190 |
|
1,540 |
|
(1,572) |
|
158 |
| 2024 |
|
$219 |
|
1,734 |
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(1,763) |
|
190 |
| 2023 |
|
$215 |
|
1,898 |
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(1,894) |
|
219 |
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| Schedule of WASO |
EPS for all periods through December 31, 2025, is based on the following WASO. Excluded from diluted EPS for each of the years ended December 31, 2025, 2024 and 2023, are less than one million potentially dilutive common shares because their inclusion would be antidilutive.
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Years ended December 31, |
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2025 |
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2024 |
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2023 |
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number of shares in thousands |
| Basic WASO |
8,051 |
|
7,920 |
|
7,735 |
| Dilutive shares (1) |
— |
|
— |
|
— |
| Diluted WASO |
8,051 |
|
7,920 |
|
7,735 |
(1) Diluted earnings (loss) per share considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an antidilutive effect.
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