Online furniture and home goods retailer offering millions of products through direct-to-consumer e-commerce platform.MoreShow less
Profile & Fundamentals
Wayfair (W.NYSE) Profile & Fundamentals
Review Wayfair reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
Wayfair: Company Profile & Ownership
Wayfair Inc. engages in the e-commerce business in the United States and internationally. It provides online selections of furniture, décor, housewares, and home improvement products through its sites comprising Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional. The company offers its products under the Three Posts and Mercury Row brands. Wayfair Inc. was founded in 2002 and is headquartered in Boston, Massachusetts.
Company profile record
Wayfair Inc
Common Stock · Consumer Discretionary · Homefurnishing Retail
Company
- Company / asset
- Wayfair Inc
- Security type
- Common Stock
- Sector
- Consumer Discretionary
- Industry
- Homefurnishing Retail
- HQ
- 🇺🇸 United States
- Head office
- 4 Copley Place, Boston, MA, United States, 02116
Leadership & scale
- Chief executive
- Mr. Niraj S. Shah
- CEO year born
- 1974
- Full-time employees
- 11.8K
- Fiscal year end
- December
- IPO date
- 2014-10-02
Fundamentals snapshot
- Market Cap
- USD 15.4B
- P/E
- --
- Revenue (Q3 26)
- USD 3.4B
- Profit (Q3 26)
- USD 62.0M
- Dividend Yield
- --
- Revenue (FY 25)
- USD 12.5B
- Shares in public float
- 114.8M
- Insider ownership
- 1.97%
Reporting & identifiers
- Symbol
- W.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US94419L1017
- Asset ID
- equity_b2ffb1ea-cbc8-5b19-94e4-36a45b603f2f
Wayfair: Ownership
Shares Outstanding
Latest: 138.0M | Max: 138.0M | Min: 87.9M
Latest reported ownership snapshot
Float Shares
83.16%
114.8M latest reported shares
Insider Ownership
1.97%
Latest reported insider stake
Short Float
0.12%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 87,893,000 |
| 2018-01-01 | 90,445,000 |
| 2019-01-01 | 93,321,000 |
| 2020-01-01 | 102,384,000 |
| 2021-01-01 | 105,000,000 |
| 2022-01-01 | 108,000,000 |
| 2023-01-01 | 118,000,000 |
| 2024-01-01 | 125,000,000 |
| 2025-01-01 | 130,000,000 |
| 2026-01-01 | 138,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| FMR Inc | 16,277,047 | 11.88% | 2026-06-30 |
| Capital World Investors | 11,177,483 | 8.16% | 2026-06-30 |
| BlackRock Inc | 5,035,150 | 3.68% | 2026-06-30 |
| Vanguard Capital Management, LLC | 4,776,475 | 3.49% | 2026-06-30 |
| Renaissance Technologies Corp | 4,514,426 | 3.3% | 2026-06-30 |
| Jupiter Topco LLC | 4,469,109 | 3.26% | 2026-06-30 |
| Fidelity Growth Company Fund | 4,289,774 | 3.13% | 2026-08-31 |
| Vanguard Portfolio Management, LLC | 4,198,629 | 3.07% | 2026-06-30 |
| American Funds SMALLCAP World A | 4,058,496 | 2.96% | 2026-09-30 |
| American Funds Growth Fd of Amer A | 3,757,466 | 2.74% | 2026-09-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 3,497,599 | 2.55% | 2026-09-30 |
| AQR Capital Management LLC | 3,101,936 | 2.26% | 2026-06-30 |
| SPRUCE HOUSE INVESTMENT MANAGEMENT LLC | 2,909,700 | 2.12% | 2026-06-30 |
| Baillie Gifford & Co Limited. | 2,811,620 | 2.05% | 2026-06-30 |
| Great Hill Partners LLC | 2,788,912 | 2.04% | 2026-06-30 |
Wayfair: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The company's headline numbers show a genuine operational turnaround following years of heavy post-pandemic losses. Second-quarter 2026 revenue grew 7.5% year-over-year to $3.52 billion, while operating income reached $104 million, driven by rigorous cost-cutting and growing high-margin supplier advertising. Generating over $300 million in quarterly free cash flow demonstrates that the core digital store is self-funding. However, the headline progress hides substantial capital structure burdens. Trailing twelve-month GAAP net income remained negative at -$321 million, primarily weighed down by heavy debt service charges. While operating profitability has inflected positively, true economic earnings for common shareholders remain constrained until annual revenue growth outpaces mandatory cash interest obligations.
The company's headline numbers show a genuine operational turnaround following years of heavy post-pandemic losses. Second-quarter 2026 revenue grew 7.5% year-over-year to $3.52 billion, while operating income reached $104 million, driven by rigorous cost-cutting and growing high-margin supplier advertising. Generating over $300 million in quarterly free cash flow demonstrates that the core digital store is self-funding. However, the headline progress hides substantial capital structure burdens. Trailing twelve-month GAAP net income remained negative at -$321 million, primarily weighed down by heavy debt service charges. While operating profitability has inflected positively, true economic earnings for common shareholders remain constrained until annual revenue growth outpaces mandatory cash interest obligations.
Revenue, Net Income, and Free Cash Flow
Latest: USD 12.5B | Max: USD 14.1B | Min: USD -1.3B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: --
No history available.
Profitability & Margins
Margins and Operating Efficiency
AI Review
Gross profit margins have stabilized remarkably well near 30.2%, proving resilient against freight volatility and supply chain headwinds. This defense is driven by proprietary logistics routing, dynamic pricing algorithms, and the expansion of high-margin retail media advertising fees collected from suppliers seeking prominent catalog placement. Despite stable merchandise margins, operating margins hover in the low single digits. Sizable advertising expenditures, corporate payroll, and customer service costs consume the majority of gross profit. Furthermore, persistent Section 301 tariffs on Asian furniture imports cap gross margin expansion, meaning further bottom-line gains must come strictly from operating leverage rather than merchandise price increases.
Gross profit margins have stabilized remarkably well near 30.2%, proving resilient against freight volatility and supply chain headwinds. This defense is driven by proprietary logistics routing, dynamic pricing algorithms, and the expansion of high-margin retail media advertising fees collected from suppliers seeking prominent catalog placement. Despite stable merchandise margins, operating margins hover in the low single digits. Sizable advertising expenditures, corporate payroll, and customer service costs consume the majority of gross profit. Furthermore, persistent Section 301 tariffs on Asian furniture imports cap gross margin expansion, meaning further bottom-line gains must come strictly from operating leverage rather than merchandise price increases.
Profitability Margins
Latest: 30.2% | Max: 30.6% | Min: -11.3%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
30.2%
Gross profit / revenue
Operating Margin
0.1%
Operating income / revenue
Net Margin
-2.5%
Net income / revenue
FCF Margin
2.6%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 3,380,360,000 | -194,375,000 | -65,272,000 |
| 2017-12-31 | 4,720,895,000 | -244,614,000 | -113,245,000 |
| 2018-12-31 | 6,779,174,000 | -504,080,000 | -137,094,000 |
| 2019-12-31 | 9,127,057,000 | -984,584,000 | -597,698,000 |
| 2020-12-31 | 14,145,156,000 | 185,000,000 | 1,082,297,000 |
| 2021-12-31 | 13,708,000,000 | -131,000,000 | 130,000,000 |
| 2022-12-31 | 12,218,000,000 | -1,331,000,000 | -1,132,000,000 |
| 2023-12-31 | 12,003,000,000 | -738,000,000 | -2,000,000 |
| 2024-12-31 | 11,851,000,000 | -492,000,000 | 83,000,000 |
| 2025-12-31 | 12,457,000,000 | -313,000,000 | 329,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
No reported records are available in this preview.
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 23.9 | -5.8 | -5.75 | -1.93 |
| 2017-12-31 | 23.7 | -4.99 | -5.18 | -2.4 |
| 2018-12-31 | 23.41 | -6.98 | -7.44 | -2.02 |
| 2019-12-31 | 23.53 | -10.19 | -10.79 | -6.55 |
| 2020-12-31 | 29.07 | 2.55 | 1.31 | 7.65 |
| 2021-12-31 | 28.41 | -0.69 | -0.96 | 0.95 |
| 2022-12-31 | 27.96 | -11.33 | -10.89 | -9.27 |
| 2023-12-31 | 30.55 | -6.77 | -6.15 | -0.02 |
| 2024-12-31 | 30.16 | -3.89 | -4.15 | 0.7 |
| 2025-12-31 | 30.22 | 0.14 | -2.51 | 2.64 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-03.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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