Growth Metrics

Qvc (QVCGA) Gross Margin (2016 - 2025)

Qvc (QVCGA) has disclosed Gross Margin for 17 consecutive years, with 32.95% as the latest value for Q4 2025.

  • For Q4 2025, Gross Margin fell 34.0% year-over-year to 32.95%; the TTM value through Dec 2025 reached 34.31%, down 69.0%, while the annual FY2025 figure was 34.3%, 70.0% down from the prior year.
  • Gross Margin hit 32.95% in Q4 2025 for Qvc, down from 33.98% 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.
  • Average Gross Margin over 5 years is 33.63%, with a median of 34.07% recorded in 2025.
  • Year-over-year, Gross Margin crashed -463bps in 2022 and then soared 550bps in 2023.
  • Qvc's Gross Margin stood at 32.82% in 2021, then fell by -14bps to 28.19% in 2022, then rose by 20bps to 33.69% in 2023, then decreased by -1bps to 33.29% in 2024, then decreased by -1bps to 32.95% in 2025.
  • According to Business Quant data, Gross Margin over the past three periods came in at 32.95%, 33.98%, and 36.4% for Q4 2025, Q3 2025, and Q2 2025 respectively.