QVC Group, Inc. (QVCPQ) Operating Margin (2009 - 2026)

Qvc has disclosed Operating Margin across 18 years of filings, most recently posting 0.77% for Q1 2026.

• In Q1 2026, Operating Margin rose 10.0% year-over-year to 0.77%; the TTM figure through Mar 2026 stood at 23.07% (down 1347.0% YoY), while the FY2025 annual figure was 22.73%, down 1467.0% from the prior year.
• Operating Margin fell to 0.77% in Q1 2026, from 3.81% in the prior quarter.
• Over the last five years, Operating Margin for QVCPQ reached as high as 45.32% in Q4 2022 and fell as low as 101.61% in Q2 2025.
• The 5-year median for Operating Margin is 3.81% (2025), against an average of 7.4%.
• Annual changes were most pronounced in 2023 — Operating Margin jumped 10110 bps — and 2025, when it plunged 10847 bps.
• A 5-year view of Operating Margin shows it stood at 45.32% in 2022, then tumbled by 107 bps to 3.28% in 2023, then plunged by 1217 bps to 43.17% in 2024, then surged by 109 bps to 3.81% in 2025, then tumbled by 80 bps to 0.77% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 0.77%, 3.81%, and 2.71% for Q1 2026, Q4 2025, and Q3 2025 respectively.