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Old QVC Group, Inc.

qvcgrp.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2026 10-Q, filed Aug 4, 2026. Its latest SEC filing is a SCHEDULE 13G/A from Sep 8, 2026.

The sections below describe the company as of the FY2025 annual report.

What Did They Do?

Sells consumer products through live, video-driven shopping, websites, mobile apps and social platforms to shoppers.

How Did They Make Money?

Shoppers pay for merchandise sold through televised shopping programs, websites and other interactive media, and sales are counted when products ship. QVC Group also receives a portion of its branded credit-card program's economics as customers use the cards.

revenue
SegmentShareRevenue
Home
Sold outright

45%
FY2022: 43%
Apparel
Sold outright

18%
FY2022: 19%
Beauty
Sold outright

15%
FY2022: 14%
Accessories
Sold outright

9.9%
FY2022: 11%
Electronics
Sold outright
5.5%
FY2022: 7.2%
Jewelry
Sold outright
4.7%
FY2022: 4.4%
Other revenue
Usage-based
1.6%
FY2022: 1.9%

Who Were Their Customers?

Shoppers buy QVC merchandise through televised shopping programs, websites, social platforms and mobile apps; cable, satellite and telecom companies distribute its programming to subscribers.

Did Revenues Turn Into Profits?

Not on paper. It lost $2.4B in FY2025, but brought in more cash than it spent: $118M of free cash flow.

Operating income, FY2025
−23% of revenue
▲ +159% (Loss) vs FY2024 (−$809M, −8%)
Net income, FY2025
−26% of revenue
▲ +89% (Loss) vs FY2024 (−$1.3B, −13%)
Free cash flow, FY2025
1% of revenue
▼ −64% vs FY2024 ($326M, 3%)

How Were They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −11%
vs $2.2B in Q2 FY2025
Net income
▼ −98% (Loss)
vs −$2.2B in Q2 FY2025
Home share of revenue vs 43.6% in Q2 FY2025
  • Aug 7, 2026 Reorganization plan took effect, with new debt and a revolving credit facility The company issued takeback notes and loans and entered an asset-based revolving facility under the plan.
  • Jul 24, 2026 Bankruptcy court confirmed the reorganization plan The plan cancels existing common and preferred shares for no consideration.
  • Apr 20, 2026 Nasdaq determined to delist QVC Group's listed securities Trading suspension was set for April 24, 2026; the company said it would not appeal.
  • Apr 17, 2026 QVC Group agreed with creditors on a prepackaged restructuring The agreement contemplated restructuring funded debt through a Chapter 11 plan.

Shrank. Revenue fell 34% in 4 years, from $14B in FY2021 to $9.2B in FY2025, about 10% a year.

Zulily divestiture The older report listed Zulily among the principal businesses; the latest identifies QVC and Cornerstone Brands, following Zulily's divestiture.

Revenue over time
Home Apparel Beauty Accessories Electronics Jewelry Other revenue
$20B$10B$0

Who Did They Compete With?

Competes with Amazon, Walmart, ShopHQ, JTV, Jupiter Shop Channel, HSE, TJC, Ideal World, Gems TV, Must Have Ideas TV, JML Direct, and Jewelry Television

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