Qxh was Qvc’s largest segment in fiscal 2025, bringing in $11.87B of $16.59B (72%).
| Segment | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Qxh | $14.72B | $13.99B | $13.20B | $11.87B | ||||||||||
| Qvc-U.S | — | — | — | — | ||||||||||
| Qvc-International | — | $4.91B | $4.80B | $4.71B | ||||||||||
| Qvc- International | $5.06B | — | — | — | ||||||||||
| Qvc-Japan | — | — | — | — | ||||||||||
| Qvc-Germany | — | — | — | — | ||||||||||
| Qvc-U.K | — | — | — | — | ||||||||||
| Qvc-Italy | — | — | — | — | ||||||||||
| Total | $19.77B | $18.90B | $17.99B | $16.59B |
Qvc brought in $16.59B from its two segments in fiscal 2025, the year ended December 31, 2025. That was down 7.8% from $17.99B in fiscal 2024. Qxh was the largest at $11.87B (71.6%), ahead of Qvc-International at $4.71B (28.4%).
Compared with fiscal 2024, Qvc-International fell 1.8% to $4.71B and Qxh fell 10.0% to $11.87B.
Qvc stopped reporting Qvc- International as a separate segment after fiscal 2022, when it brought in $5.06B.
Parent Issuer- Qvc, Inc was Qvc’s largest revenue line in fiscal 2014, bringing in $12.40B of $17.60B (70%).
| Legal Entity | FY 2011 | FY 2012 | FY 2013 | FY 2014 |
|---|---|---|---|---|
| Parent Issuer- Qvc, Inc | $10.97B | $11.42B | $11.96B | $12.40B |
| Combined Non-Guarantor Subsidiaries | $5.98B | $6.30B | $5.95B | $5.98B |
| Combined Subsidiary Guarantors | $1.58B | $1.73B | $1.79B | $1.84B |
| Eliminations | -$1.99B | -$2.41B | -$2.45B | — |
| Consolidated Entity Excluding Variable Interest Entities (Vie) | — | — | — | -$2.62B |
| Total | $16.54B | $17.03B | $17.25B | $17.60B |
Qvc brought in $17.60B from its four revenue lines in fiscal 2014, the year ended December 31, 2014. Qvc regrouped these revenue lines after fiscal 2013, so the total does not compare directly with that year's $17.25B. Parent Issuer- Qvc, Inc was the largest at $12.40B (70.4%), ahead of Combined Non-Guarantor Subsidiaries at $5.98B (34.0%) and Combined Subsidiary Guarantors at $1.84B (10.5%).
Compared with fiscal 2013, Parent Issuer- Qvc, Inc grew fastest, up 3.7% to $12.40B. Every revenue line above 2% of revenue grew.
Qvc began breaking out Consolidated Entity Excluding Variable Interest Entities (Vie) in fiscal 2014, when it brought in -$2.62B. The total is net of Consolidated Entity Excluding Variable Interest Entities (Vie), which took $2.62B off revenue in fiscal 2014.
Parent Issuer- Qvc, Inc was Qvc’s largest revenue line in fiscal 2018, bringing in $13.00B of $22.56B (58%).
| Consolidated Entities | FY 2015 | FY 2016 | FY 2017 | FY 2018 |
|---|---|---|---|---|
| Parent Issuer- Qvc, Inc | $12.83B | $12.36B | $12.60B | $13.00B |
| Combined Non-Guarantor Subsidiaries | $5.43B | $5.57B | $5.70B | $5.93B |
| Combined Subsidiary Guarantors | $1.92B | $2.00B | $2.00B | $6.37B |
| Consolidated Entity Excluding Variable Interest Entities (Vie) | -$2.70B | -$2.57B | -$2.75B | -$2.74B |
| Total | $17.49B | $17.36B | $17.54B | $22.56B |
Qvc brought in $22.56B from its four revenue lines in fiscal 2018, the year ended December 31, 2018. That was up 28.6% from $17.54B in fiscal 2017. Parent Issuer- Qvc, Inc was the largest at $13.00B (57.6%), ahead of Combined Subsidiary Guarantors at $6.37B (28.2%) and Combined Non-Guarantor Subsidiaries at $5.93B (26.3%).
Compared with fiscal 2017, Combined Subsidiary Guarantors grew fastest, up 218.5% to $6.37B. Every revenue line above 2% of revenue grew. From fiscal 2015 to 2018, combined revenue from these revenue lines grew from $17.49B to $22.56B, a compound annual growth rate of 8.9%. Parent Issuer- Qvc, Inc's share of the total fell from 73.4% to 57.6%.
The total is net of Consolidated Entity Excluding Variable Interest Entities (Vie), which took $2.74B off revenue in fiscal 2018.
Qvc (QVCG) reports its revenue by segment, by legal entity and by consolidated entities. In fiscal 2025, Qxh was its largest segment, bringing in $11.87B (71.6% of the total), followed by Qvc-International at $4.71B (28.4%).
Qxh was Qvc's largest segment in fiscal 2025, bringing in $11.87B, or 71.6% of the $16.59B total across its two segments.
Parent Issuer- Qvc, Inc was Qvc's largest revenue line in fiscal 2014, bringing in $12.40B, or 70.4% of the $17.60B total across its four revenue lines.
Among Qvc's revenue lines that make up at least 2% of revenue, Combined Subsidiary Guarantors grew fastest in fiscal 2018, up 218.5% from $2.00B to $6.37B.
Every figure comes from Qvc's annual financial filings, as reported. Each line keeps the name Qvc gives it, and years follow its fiscal calendar.
Qvc's revenue by segment goes back to fiscal 2011, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.