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Financials · W

Wayfair Inc. (W) financials

For the twelve months ended Sep 30, 2026, Wayfair Inc. reported $13.21B of revenue and -$160.00M of net income.

Revenue, TTM
$13.21B
Revenue growth, YoY
+7.9%
Net income, TTM
-$160.00M
Net margin
-1.2%
Free cash flow, TTM
$602.00M
EPS, diluted, TTM
-$1.26
Cash
$1.04B
Total debt
$2.57B
P/S
1.16
Market cap
$15.29B
Annual revenue$12.46B
FY2016FY2025
Annual net income-$313.00M
FY2016FY2025
Annual free cash flow$464.00M
FY2016FY2025

W revenue and earnings growth

W revenueQ3 2026$3.42B

Quarter YoY
+9.7%
QoQ
-2.8%
FY YoY
+5.1%
5Y CAGR
-2.5%
10Y CAGR
+18.7%

W revenue was $3.42B in fiscal Q3 2026 (ended Sep 30, 2026), up 9.7% from a year earlier and down 2.8% from the prior quarter. For the full fiscal 2025 it was $12.46B, up 5.1% from fiscal 2024. Compound annual growth was -2.5% over 5 years and +18.7% over 10 years. It rose in 6 of the last 10 fiscal years.

W net incomeQ3 2026$62.00M

W net income was $62.00M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$99.00M a year earlier. For the full fiscal 2025 it was -$313.00M, compared with -$492.00M in fiscal 2024.

W EPSQ3 2026$0.45

W diluted EPS was $0.45 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.76 a year earlier. For the full fiscal 2025 it was -$2.44, compared with -$4.01 in fiscal 2024.

W free cash flowQ3 2026$168.00M

Quarter YoY
+31.3%
QoQ
-49.7%
FY YoY
+90.2%
5Y CAGR
-17.7%
10Y CAGR
+17.8%

W free cash flow was $168.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 31.3% from a year earlier and down 49.7% from the prior quarter. For the full fiscal 2025 it was $464.00M, up 90.2% from fiscal 2024. Compound annual growth was -17.7% over 5 years and +17.8% over 10 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$12.46B$11.85B$12.00B$12.22B$13.71B$14.14B$9.13B$6.78B$4.72B$3.38B
Cost of revenue$8.69B$8.28B$8.34B$8.80B$9.81B$10.03B$6.98B$5.19B$3.60B$2.57B
Gross profit$3.77B$3.57B$3.67B$3.42B$3.90B$4.11B$2.15B$1.59B$1.12B$807.81M
Operating income$17.00M-$461.00M-$813.00M-$1.38B-$94.00M$360.00M-$930.00M-$473.28M-$235.45M-$196.22M
Interest expense$165.00M$83.00M$63.00M-------
Pre-tax income-$304.00M-$482.00M-$729.00M-$1.32B-$130.00M$205.00M-$982.00M-$502.04M-$244.13M-$193.77M
Income tax$9.00M$10.00M$9.00M$12.00M$1.00M$20.00M$3.00M$2.04M$486.0K$608.0K
Net income-$313.00M-$492.00M-$738.00M-$1.33B-$131.00M$185.00M-$985.00M-$504.08M-$244.61M-$194.38M
EPS, basic-$2.44-$4.01-$6.47-$12.54-$1.26$1.93-$10.68-$5.63-$2.81-$2.29
EPS, diluted-$2.44-$4.01-$6.47-$12.54-$1.26$1.86-$10.68-$5.63-$2.81-$2.29
Diluted shares128.0M123.0M114.0M106.0M104.0M99.0M92.0M89.5M87.0M85.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$1.48B$1.32B$1.32B$1.05B$1.71B$2.13B$583.00M$850.00M$558.96M$279.84M
Short-term investments$66.00M$56.00M$29.00M$228.00M$693.00M$462.00M$404.25M$114.28M$61.03M$68.74M
Receivables$132.00M$155.00M$140.00M$272.00M$226.00M$110.00M$99.72M$50.60M$37.95M$19.11M
Inventory$71.00M$76.00M$75.00M$90.00M$69.00M$52.00M$61.69M$46.16M$28.04M$18.55M
Current assets$2.00B$1.88B$1.85B$1.93B$3.01B$3.05B$1.38B$1.26B$816.82M$477.09M
Goodwill$400.0K$400.0K$400.0K$400.0K$400.0K$400.0K$400.0K$2.10M$1.90M$1.90M
Total assets$3.44B$3.46B$3.47B$3.58B$4.57B$4.57B$2.95B$1.89B$1.21B$761.68M
Current liabilities$2.13B$2.37B$2.18B$2.07B$2.22B$2.17B$1.61B$1.14B$739.75M$557.22M
Short-term debt$39.00M$236.00M$117.00M$0$0-----
Long-term debt$3.23B$2.88B$3.09B$3.14B------
Total debt$3.27B$3.12B$3.21B$3.14B$3.05B$2.66B$1.46B$738.90M$332.90M$0
Total liabilities$6.22B$6.21B$6.18B$6.13B$6.19B$5.76B$3.90B$2.22B$1.26B$682.30M
Shareholders' equity-$2.78B-$2.75B-$2.71B-$2.55B-$1.62B-$1.19B-$944.00M-$331.00M-$48.33M$79.38M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$534.00M$317.00M$349.00M-$674.00M$410.00M$1.42B-$197.00M$84.86M$33.63M$62.81M
Capital expenditures$70.00M$73.00M$148.00M$186.00M$101.00M$186.00M$272.00M$159.21M$100.45M$96.71M
Free cash flow$464.00M$244.00M$201.00M-$860.00M$309.00M$1.23B-$469.00M-$74.34M-$66.82M-$33.89M
Investing cash flow-$219.00M-$262.00M-$152.00M$1.00M-$515.00M-$236.00M-$855.00M-$260.29M-$130.34M-$95.88M
Financing cash flow-$129.00M-$69.00M$77.00M$16.00M-$303.00M$353.00M$787.00M$467.46M$374.97M-$20.88M
Dividends paid---------$0
Share repurchases-$0$0$75.00M$300.00M$380.00M$0$0-$0
Stock-based compensation$335.00M$395.00M$605.00M$513.00M$344.00M$276.00M$227.00M$127.56M$67.84M$49.40M
Depreciation and amortization$305.00M$387.00M$417.00M$371.00M$322.00M$286.00M$192.00M$123.54M$87.02M$55.57M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY5.1%-1.3%-1.8%-10.9%-3.1%55.0%34.6%43.6%39.7%50.2%
Gross margin30.2%30.2%30.6%28.0%28.4%29.1%23.5%23.4%23.7%23.9%
Operating margin0.1%-3.9%-6.8%-11.3%-0.7%2.5%-10.2%-7.0%-5.0%-5.8%
Net margin-2.5%-4.2%-6.1%-10.9%-1.0%1.3%-10.8%-7.4%-5.2%-5.8%
Free cash flow margin3.7%2.1%1.7%-7.0%2.3%8.7%-5.1%-1.1%-1.4%-1.0%
Return on equity----------244.9%
Return on assets-9.1%-14.2%-21.2%-37.2%-2.9%4.0%-33.4%-26.7%-20.2%-25.5%
Current ratio0.940.790.850.931.361.410.851.101.100.86
Debt to equity---------0.00

Source: XBRL data Wayfair Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

W peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
W$13.21B+7.9%-$160.00M-1.2%$15.29B
AMZN$797.46B+15.4%$134.78B16.9%$2.80T
CPNG$36.16B+7.4%-$1.36B-3.8%$29.19B
CDW$24.52B+10.9%$1.10B4.5%$19.60B
CHWY$13.07B+5.9%$273.70M2.1%$9.07B
VIPSCN¥105.92B-2.3%CN¥7.24B6.8%$6.65B
NSIT$9.02B+9.0%$181.69M2.0%$4.64B
PTRN$3.26B+42.1%$117.51M3.6%$3.24B
GCT$1.56B+27.4%$169.57M10.9%$2.08B

W FAQ

9 questions
  • What is W revenue?
    Wayfair Inc. (W) reported $13.21B of revenue for the twelve months ended Sep 30, 2026. That is up 7.9% from the year before. Revenue for fiscal 2025 was $12.46B.
  • Is W profitable?
    No. Wayfair Inc. reported a net loss of $160.00M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does W have?
    Wayfair Inc. reported $1.04B in cash and cash equivalents and $2.57B of debt on its most recent balance sheet in SEC filings.
  • How fast is W revenue growing?
    Wayfair Inc.'s revenue changed +5.1% in fiscal 2025, to $12.46B. Its compound annual growth rate was -2.5% over 5 years and +18.7% over 10 years.
  • What is W gross margin?
    Wayfair Inc.'s gross profit was $3.96B on $13.21B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 30.0%.
  • What is W free cash flow?
    Wayfair Inc. generated $602.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $708.00M less capital expenditures.
  • What is W earnings per share?
    Diluted earnings per share were -$1.26 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did W last report financial results?
    The latest statements here come from Wayfair Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this W financial data come from?
    Quantisnow builds these statements from the structured XBRL data Wayfair Inc. files with the SEC. It is provided for information only and is not investment advice.