Qvc (QVCAQ) Gross Margin (2009 - 2026)
Qvc (QVCAQ) reported Gross Margin of 34.18% for Q1 2026, up 3.0% year-over-year from 33.19% in Q1 2025, and up 3.76% on a QoQ basis from 32.95% in Q4 2025.
Qvc (QVCAQ) has 18 years of Gross Margin data on file, last reported at 34.18% in Q1 2026.
- Quarterly Gross Margin rose 3.0% year-over-year to 34.18% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 34.32% (down 39.0% YoY) and the FY2025 annual result came in at 34.3%, down 70.0% from the prior year.
- Gross Margin rose to 34.18% in Q1 2026 per QVCAQ's latest filing, from 32.95% in the prior quarter.
- Across five years, Gross Margin topped out at 36.4% in Q2 2025 and bottomed at 28.19% in Q4 2022.
- The 5-year median for Gross Margin is 33.98% (2025), against an average of 33.5%.
- The widest annual swing landed in 2022, when Gross Margin tumbled 463 bps; it then surged 550 bps in 2023.
- Tracing QVCAQ's Gross Margin over 5 years: stood at 28.19% in 2022, then grew by 20 bps to 33.69% in 2023, then slipped by 1 bps to 33.29% in 2024, then fell by 1 bps to 32.95% in 2025, then advanced by 4 bps to 34.18% in 2026.
- Per Business Quant, the three latest QVCAQ Gross Margin figures stand at 34.18% (Q1 2026), 32.95% (Q4 2025), and 33.98% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,907.49 Bn | 2,764.40 Bn | 171.21 Bn | 94.32% |
| 2 | Mercadolibre | 85.96 Bn | 80.31 Bn | 3.86 Bn | 43.66% |
| 3 | DoorDash | 69.36 Bn | 64.50 Bn | 2.04 Bn | 50.64% |
| 4 | PDD Holdings | 66.56 Bn | 41.90 Bn | 12.81 Bn | 72.28% |
| 5 | Ebay | 48.95 Bn | 45.09 Bn | 2.29 Bn | 74.04% |
| 6 | Coupang | 30.30 Bn | 30.21 Bn | 2.30 Bn | 27.01% |
| 7 | Maplebear | 9.52 Bn | 8.83 Bn | 738.00 Mn | 72.42% |
| 8 | Wayfair | 9.47 Bn | 8.40 Bn | 880.00 Mn | 30.02% |
| 9 | Chewy | 9.33 Bn | 8.46 Bn | 959.70 Mn | 29.40% |
| 10 | Qvc | - | - | 669.00 Mn | 34.18% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 34.18% |
| Dec 31, 2025 | 32.95% |
| Sep 30, 2025 | 33.98% |
| Jun 30, 2025 | 36.40% |
| Mar 31, 2025 | 34.16% |
| Dec 31, 2024 | 33.29% |
| Sep 30, 2024 | 35.28% |
| Jun 30, 2024 | 36.35% |
| Mar 31, 2024 | 35.48% |
| Dec 31, 2023 | 33.69% |
| Sep 30, 2023 | 35.34% |
| Jun 30, 2023 | 34.54% |
| Mar 31, 2023 | 31.58% |
| Dec 31, 2022 | 28.19% |
| Sep 30, 2022 | 30.58% |
| Jun 30, 2022 | 33.02% |
| Mar 31, 2022 | 30.56% |
| Dec 31, 2021 | 32.82% |
| Sep 30, 2021 | 34.19% |
| Jun 30, 2021 | 36.07% |
| Mar 31, 2021 | 34.22% |
| Dec 31, 2020 | 33.45% |
| Sep 30, 2020 | 35.62% |
| Jun 30, 2020 | 35.21% |
| Mar 31, 2020 | 33.80% |
| Dec 31, 2019 | 31.61% |
| Sep 30, 2019 | 34.41% |
| Jun 30, 2019 | 35.84% |
| Mar 31, 2019 | 34.42% |
| Dec 31, 2018 | 32.43% |
| Sep 30, 2018 | 34.73% |
| Jun 30, 2018 | 36.59% |
| Mar 31, 2018 | 35.20% |
| Dec 31, 2017 | 33.13% |
| Sep 30, 2017 | 34.73% |
| Jun 30, 2017 | 36.48% |
| Mar 31, 2017 | 35.32% |
| Dec 31, 2016 | 34.03% |
| Sep 30, 2016 | 34.70% |
| Jun 30, 2016 | 36.75% |
| Mar 31, 2016 | 35.22% |
| Dec 31, 2015 | 34.39% |
| Sep 30, 2015 | 36.93% |
| Jun 30, 2015 | 37.43% |
| Mar 31, 2015 | 36.09% |
| Sep 30, 2014 | 36.14% |
| Jun 30, 2014 | 37.25% |
| Mar 31, 2014 | 36.07% |
| Sep 30, 2013 | 36.04% |
| Jun 30, 2013 | 39.56% |
| Mar 31, 2013 | 31.49% |
| Dec 31, 2012 | 35.99% |
| Sep 30, 2012 | 35.93% |
| Jun 30, 2012 | 34.25% |
| Mar 31, 2012 | 26.62% |
| Dec 31, 2011 | 35.86% |
| Sep 30, 2011 | 36.05% |
| Jun 30, 2011 | 37.73% |
| Mar 31, 2011 | 36.22% |
| Dec 31, 2010 | 35.10% |
| Sep 30, 2010 | 36.28% |
| Jun 30, 2010 | 37.46% |
| Mar 31, 2010 | 36.10% |
| Dec 31, 2009 | 44.49% |
| Sep 30, 2009 | 48.65% |
| Jun 30, 2009 | 50.37% |
| Mar 31, 2009 | 47.49% |