Flagship explainer

What drives QVC, Inc.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity−97%Tax burden95%net income ÷ pretax incomeInterest burden113%pretax ÷ operating incomeOperating margin−24%operating income ÷ revenueAsset turnover0.90×revenue ÷ average assetsEquity multiplier4.09×average assets ÷ average equityAs of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$2.2BFY2025
Income before tax−$2.3BFY2025
Operating income−$2.0BFY2025
$8.3BFY2025
Ending assets$8.5BFY2025
Beginning assets$9.9BFY2024
$1.2BFY2025
$3.3BFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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