Quarterly report [Sections 13 or 15(d)]

Information about QVC's Operating Segments (Tables)

v3.26.1
Information about QVC's Operating Segments (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Disaggregation of Revenue [Table Text Block]
Disaggregated revenue by segment and product category consisted of the following:
Three months ended March 31, 2026 Three months ended March 31, 2025
(in millions) QxH QVC-International Total QxH QVC-International Total
Home $ 497  223  720  538  223  761 
Apparel 247  96  343  258  99  357 
Beauty 179  115  294  211  120  331 
Accessories 147  48  195  173  46  219 
Jewelry 65  37  102  63  33  96 
Electronics 60  19  79  89  15  104 
Other revenue 36  —  36  36  1  37 
Total net revenue $ 1,231  538  1,769  1,368  537  1,905 
Schedule of Revenue and Adjusted OIBDA by Segment
Three months ended March 31, 2026 Three months ended March 31, 2025
(in millions) QxH QVC-Int'l Total QxH QVC-Int'l Total
Total revenue, net $ 1,231  538  1,769  1,368  537  1,905 
Costs of goods sold (excluding depreciation and amortization) 824  356  1,180  923  348  1,271 
Segment gross profit 407  182  589  445  189  634 
Operating expense 92  45  137  111  43  154 
Advertising 70  8  78  55  8  63 
Selling, general and administrative (excluding stock-based compensation, advertising and pre-petition charges) 153  80  233  157  75  232 
Adjusted OIBDA $ 92  49  141  122  63  185 
Schedule of Capital Expenditures and Total Assets by Segment
March 31, 2026
(in millions) Total
assets		 Property and equipment, net
QxH1
$ 6,120  159 
QVC International 1,870  140 
Consolidated QVC $ 7,990  299 
(1) QxH Property and equipment, net as of March 31, 2026 excludes assets classified as assets held for sale in the condensed consolidated balance sheet.
March 31, 2025
(in millions) Total
assets		 Property and equipment, net
QxH $ 7,891  235 
QVC International 1,784  153 
Consolidated QVC $ 9,675  388 
March 31, 2026 March 31, 2025
(in millions) Capital expenditures Capital expenditures
QxH $ 28  25 
QVC International 4  5 
Consolidated QVC $ 32  30 
March 31, 2026 March 31, 2025
(in millions) Depreciation Amortization Depreciation Amortization
QxH $ 9  52  28  55 
QVC International 6  7  6  6 
Consolidated QVC $ 15  59  34  61 
Reconciliation of Adjusted OIBDA to Income before Income Taxes
Three months ended March 31,
(in millions) 2026 2025
Adjusted OIBDA $ 141  185 
Depreciation and amortization (74) (95)
(Gain) loss on sale of assets 10  — 
Pre-petition charges (21) — 
Stock-based compensation —  (4)
Restructuring benefits (costs)
 —  (57)
Operating income (loss) 56  29 
Interest expense (76) (64)
Interest income 11  4 
Other income (expense) 1  (4)
Earnings (loss) before income taxes $ (8) (35)