Qvc (QVCAQ) Gross Margin (2009 - 2026)
Qvc (QVCAQ) posted quarterly Gross Margin of 34.18% for Q1 2026, up 3.0% year-over-year from 33.19% in Q1 2025, and up 3.76% quarter-over-quarter from 32.95% in Q4 2025.
Qvc (QVCAQ) Gross Margin (2009 - 2026) Analysis & Trends
Qvc (QVCAQ) has reported Gross Margin for 18 consecutive years, with 34.18% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 3.0% year-over-year to 34.18%; the TTM figure through Mar 2026 stood at 34.32% (down 39.0% YoY), while the FY2025 annual figure was 34.3%, down 70.0% from the prior year.
- Gross Margin advanced 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.
- Historically, Gross Margin has averaged 33.5% across 5 years, with a median of 33.98% in 2025.
- Annual changes were most pronounced in 2022 — Gross Margin sank 463 bps — and 2023, when it jumped 550 bps.
- Qvc's Gross Margin stood at 28.19% in 2022, then gained by 20 bps to 33.69% in 2023, then fell by 1 bps to 33.29% in 2024, then slipped by 1 bps to 32.95% in 2025, then increased by 4 bps to 34.18% in 2026.
- Business Quant data shows QVCAQ's Gross Margin at 34.18% in Q1 2026, 32.95% in Q4 2025, and 33.98% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,931.64 Bn | 2,808.66 Bn | 198.88 Bn | 52.05% |
| 2 | PDD Holdings | 506.17 Bn | 446.63 Bn | 9.83 Bn | 55.49% |
| 3 | Mercadolibre | 98.29 Bn | 83.09 Bn | 4.16 Bn | 40.90% |
| 4 | DoorDash | 92.11 Bn | 86.76 Bn | 2.35 Bn | 52.69% |
| 5 | JD.com | 87.50 Bn | 58.32 Bn | 7.66 Bn | 16.73% |
| 6 | Sea | 78.22 Bn | 69.70 Bn | 3.15 Bn | 44.32% |
| 7 | Ebay | 47.18 Bn | 43.87 Bn | 2.30 Bn | 73.45% |
| 8 | Coupang | 29.74 Bn | 23.63 Bn | 2.49 Bn | 28.16% |
| 9 | Zkh | 16.36 Bn | 16.36 Bn | 51.11 Mn | 16.68% |
| 10 | Qvc | 158,237.38 | -1.28 Bn | 705.00 Mn | 35.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 35.29% |
| 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% |