Wayfair Inc. (W)

W Income Statement

Revenue, expenses, and profitability analysis

W Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	3.808B	880.000M	1.010B	934.000M	984.000M	837.000M	941.000M	873.000M	941.000M
Revenue	12.658B	2.931B	3.337B	3.117B	3.273B	2.730B	3.121B	2.884B	3.117B
Cost of Goods Sold	8.850B	2.051B	2.327B	2.183B	2.289B	1.893B	2.180B	2.011B	2.176B
Gross Profit Margin	30.0%	30.0%	30.3%	30.0%	30.1%	30.7%	30.2%	30.3%	30.2%
Total Operating Expenses	3.671B	867.000M	941.000M	896.000M	967.000M	959.000M	1.058B	947.000M	976.000M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	257.000M	0.00	0.00
Selling, General & Administrative	3.295B	867.000M	816.000M	775.000M	837.000M	880.000M	1.023B	834.000M	975.000M
Operating Income (EBIT)	137.000M	13.000M	69.000M	38.000M	17.000M	-122.000M	-117.000M	-74.000M	-35.000M
Operating Margin	0.4%	0.4%	2.1%	1.2%	0.5%	-4.5%	-3.7%	-2.6%	-1.1%
Income Before Tax (EBT)	-298.000M	-104.000M	-114.000M	-97.000M	17.000M	-110.000M	-126.000M	-71.000M	-40.000M
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	135.000M	39.000M	36.000M	31.000M	29.000M	23.000M	14.000M	5.000M	4.000M
Other Income/Expense	-435.000M	-117.000M	-183.000M	-135.000M	0.00	12.000M	-9.000M	3.000M	-5.000M
Net Income	-305.000M	-105.000M	-116.000M	-99.000M	15.000M	-113.000M	-128.000M	-74.000M	-42.000M
Income Tax Expense	7.000M	1.000M	2.000M	2.000M	2.000M	3.000M	2.000M	3.000M	2.000M
Net Profit Margin	-3.6%	-3.6%	-3.5%	-3.2%	0.5%	-4.1%	-4.1%	-2.6%	-1.3%
EBITDA	206.000M	80.000M	-7.000M	9.000M	124.000M	-6.000M	-22.000M	28.000M	63.000M
EBITDA Margin	2.7%	2.7%	-0.2%	0.3%	3.8%	-0.2%	-0.7%	1.0%	2.0%
Depreciation & Amortization	291.000M	67.000M	71.000M	75.000M	78.000M	81.000M	90.000M	94.000M	99.000M
EPS Basic	-2.33	-0.80	-0.89	-0.76	0.12	-0.89	-1.02	-0.60	-0.34
EPS Diluted	-2.33	-0.80	-0.89	-0.76	0.12	-0.89	-1.02	-0.60	-0.34
Shares Outstanding	131.000M	131.000M	130.000M	130.000M	128.000M	127.000M	125.000M	123.000M	122.000M
Diluted Shares Outstanding	131.000M	131.000M	130.000M	130.000M	129.000M	127.000M	125.000M	123.000M	122.000M

W Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	3.765B	3.574B	3.667B	3.416B	3.895B	4.112B	2.147B	1.587B
Revenue	12.457B	11.851B	12.003B	12.218B	13.708B	14.145B	9.127B	6.779B
Cost of Goods Sold	8.692B	8.277B	8.336B	8.802B	9.813B	10.033B	6.980B	5.192B
Gross Profit Margin	30.2%	30.2%	30.6%	28.0%	28.4%	29.1%	23.5%	23.4%
Total Operating Expenses	3.748B	4.035B	4.480B	4.800B	3.977B	3.752B	3.077B	2.060B
Research & Development	0.00	257.000M	0.00	224.000M	171.000M	132.000M	82.000M	51.300M
Selling, General & Administrative	3.418B	3.919B	4.401B	4.730B	3.977B	3.242B	3.077B	2.062B
Operating Income (EBIT)	17.000M	-461.000M	-813.000M	-1.384B	-94.000M	360.349M	-929.941M	-473.279M
Operating Margin	0.1%	-3.9%	-6.8%	-11.3%	-0.7%	2.5%	-10.2%	-7.0%
Income Before Tax (EBT)	-306.000M	-482.000M	-729.000M	-1.319B	-130.000M	205.319M	-981.574M	-502.043M
Interest Income	—	—	—	—	—	—	—	—
Interest Expense	83.000M	29.000M	17.000M	27.000M	32.000M	146.000M	55.000M	28.560M
Other Income/Expense	-323.000M	-21.000M	84.000M	65.000M	-36.000M	-155.030M	-51.633M	-28.764M
Net Income	-313.000M	-492.000M	-738.000M	-1.331B	-131.000M	185.000M	-984.584M	-504.080M
Income Tax Expense	7.000M	10.000M	9.000M	12.000M	1.000M	20.323M	3.010M	2.037M
Net Profit Margin	-2.5%	-4.2%	-6.1%	-10.9%	-1.0%	1.3%	-10.8%	-7.4%
EBITDA	82.000M	-66.000M	-295.000M	-921.000M	224.000M	637.427M	-735.000M	-349.941M
EBITDA Margin	0.7%	-0.6%	-2.5%	-7.5%	1.6%	4.5%	-8.1%	-5.2%
Depreciation & Amortization	305.000M	387.000M	417.000M	371.000M	322.000M	285.711M	192.419M	123.542M
EPS Basic	-2.42	-4.00	-6.47	-12.56	-1.26	1.93	-10.68	-5.63
EPS Diluted	-2.42	-4.00	-6.47	-12.56	-1.26	1.86	-10.68	-5.63
Shares Outstanding	130.337M	123.000M	114.000M	106.000M	104.000M	95.825M	92.200M	89.472M
Diluted Shares Outstanding	130.337M	123.000M	114.000M	106.000M	104.000M	99.337M	92.200M	89.472M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Wayfair Inc.

Wayfair Inc. operates as a leading e-commerce enterprise, conducting its retail activities both across the United States and internationally. The company boasts an extensive catalog featuring approximately 33 million distinct products for the home sector, distributed under a variety of proprietary brands. Through its dedicated online platforms, which include Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold, customers can browse and purchase a wide array of items, from furniture and decorative accents to kitchenware and home renovation supplies. Established in 2002, Wayfair Inc. maintains its corporate headquarters in Boston, Massachusetts.

Boston, MA

12,100 employees

www.wayfair.com

Consumer Cyclical / Specialty Retail

Sector: Consumer Cyclical
Industry: Specialty Retail
CEO: Niraj S. Shah

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