Flagship explainer

How QVC GROUP, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$9.2B · 100%Cost of revenue$6.1B · 66%Gross profit$3.2B · 34%Operating income−$2.1B · −23%Income before tax−$2.6B · −28%Income tax−$185M · −2%Net income−$2.4B · −26%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$9.2B100%
Cost of revenue$6.1B66%
$3.2B34%
−$2.1B−23%
Income before tax−$2.6B−28%
Income tax−$185M−2%
−$2.4B−26%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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