← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
QVC's shopping-TV business shrank 7.8% in 2025, wrote off $2.4 billion of goodwill and tradenames, and went through a prepackaged Chapter 11 that handed the equity to its lenders and noteholders.
The read at a glance✓ Audited against SEC data
- Growth — Revenue -7.8% to $8.29B; units shipped down 8%Watch
- Profitability — Operating loss $2.02B after $2,395M of impairmentsWatch
- Balance sheet — $5,024M debt all current; covenant breached; Chapter 11 in 2026Watch
- Accounting quality — Distress-zone score; going-concern doubt; no manipulation flagWatch
- Capital allocation — Free cash flow $287M; $42M dividend to the former parentNote
- Ownership — Old QVC Group equity canceled; new shares went to creditorsNote
Business
QVC sells home goods, apparel, beauty products, accessories, electronics and jewelry through live shopping channels (QVC and HSN in the U.S.), websites, apps, streaming and social platforms, and runs QVC channels in Japan (60% owned with Mitsui), Germany, the U.K. and Italy. 2025 revenue was $8.29B: $5.94B from QxH (QVC-U.S. and HSN) and $2.36B from QVC-International.
Where the revenue comes from
Fiscal 2025, as QVC Group, Inc. reports it. History and quarterly detail are in the app.
- QxH$5.9B
- QVC-International$2.4B
Leadership changes
From QVC Group, Inc.'s own filings, the day they're filed.
- D. Also · Director · appointment
- Michael George · appointment
- David Charles Boone · appointment
Latest filings
- 8-K · Company announcement2026-09-22
- 8-K · Company announcement2026-09-14
- 8-K · Company announcement2026-08-27
- 8-K · Company announcement2026-08-07
- 10-Q · Quarterly report2026-08-04
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about QVC Group, Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
14-day free trial, no credit card. For research purposes only; not investment advice.