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, 2026Three months ended March 31, 2025
(in millions)QxHQVC-InternationalTotalQxHQVC-InternationalTotal
Home$497 223 720 538 223 761 
Apparel247 96 343 258 99 357 
Beauty179 115 294 211 120 331 
Accessories147 48 195 173 46 219 
Jewelry65 37 102 63 33 96 
Electronics60 19 79 89 15 104 
Other revenue36 — 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, 2026Three months ended March 31, 2025
(in millions)QxHQVC-Int'lTotalQxHQVC-Int'lTotal
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 profit407 182 589 445 189 634 
Operating expense92 45 137 111 43 154 
Advertising70 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 International1,870 140 
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 International1,784 153 
Consolidated QVC$9,675 388 
March 31, 2026March 31, 2025
(in millions)Capital expendituresCapital expenditures
QxH$28 25 
QVC International4 5 
Consolidated QVC$32 30 
March 31, 2026March 31, 2025
(in millions)DepreciationAmortizationDepreciationAmortization
QxH$9 52 28 55 
QVC International6 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)20262025
Adjusted OIBDA$141 185 
Depreciation and amortization(74)(95)
(Gain) loss on sale of assets10 — 
Pre-petition charges(21)— 
Stock-based compensation— (4)
Restructuring benefits (costs)
— (57)
Operating income (loss)56 29 
Interest expense(76)(64)
Interest income11 4 
Other income (expense)1 (4)
Earnings (loss) before income taxes$(8)(35)