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Wayfair Inc. (W) stock

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NYSE: W NYSE Homefurnishing Retail Next results ~November 4, 2026

E Fundamentals grade

Wayfair Inc. is a US-listed company in the homefurnishing retail industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$32

Growth cash-flow model

Base case. Range ~$18–$43. Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Wayfair Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Wayfair files

Where Wayfair stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $12.9bn, up 7.5% on a year earlier, faster than 6.8% a quarter earlier. Free-cash-flow margin rose to 4.4% from 2.8% a year earlier. Operating margin widened to 1.7% from -2.5%. The diluted share count is up 2.6% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 4 financial-health checks. Our cash-flow model value is $-12.91 a share, against a share price of $114.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Wayfair Inc.'s trailing-twelve-month revenue grew 7.5% year on year, with a free-cash-flow margin of 4.4%. Where it lags: operating margin of 1.7% ranks 6 of 6 homefurnishing retail companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 68.8% while net income fell 7.0%: a 76pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 4.1 points on a year ago.

Things to watch

  • Share dilution. Diluted shares rose 2.6% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 68% and a beta of 2.7 against the S&P 500.
  • Insiders selling. 5 insiders sold $231M of stock over the past 365 days and none bought (100% under pre-set trading plans).
  • Below peers: operating margin. Operating margin of 1.7% ranks 6 of 6 homefurnishing retail companies we cover (median 6.6%).
  • Below peers: net margin. Net margin of -2.5% ranks 7 of 7 homefurnishing retail companies we cover (median 3.2%).
  • Heavily shorted. 12.3% of the shares available to trade are sold short (4.6 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
$0.95 against an average estimate of $0.92: beat by 3.1%
Revenue
$3.52bn, up 7.5% on a year earlier
Share reaction
+20.4% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Next report
November 4, 2026; average EPS estimate $0.81

Wayfair's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.4%
  • 1 week+0.1%
  • 1 month+11.7%
  • This year+12.7%
  • 1 year+9.3%
  • 5 years-57.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$12.9B
Operating margin
1.7%
Net margin
-2.5%
EPS (TTM, diluted)
$-2.47

Growth

Revenue growth
+7.5%
Change in growth rate
+0.7 pts
Share count change
+2.6%

Cash

Free cash flow (TTM)
$562M
FCF margin
4.4%
Stock pay % of revenue
2.4%

Earnings

Last results
August 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Insider trade
  3. Insider trade
  4. Announcement
  5. Insider trade
  6. Insider trade
  7. Product
  8. Announcement
  9. Results
  10. Announcement
  11. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Wayfair Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Our value per share comes from a discounted-cash-flow model of Wayfair Inc.'s free cash flow after stock-based pay ( $1.4M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Wayfair Inc. as an operating company, with every model that fits that kind of business. Cost of equity 12.1%: the 10-year Treasury yield (4.9%) plus a beta of 1.58 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$32 ~$18–$43 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: fewer than 5 peers with a usable multiple
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: fewer than 5 peers with a usable multiple
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$32 ~$18–$43 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Wayfair Inc. with Homefurnishing Retail in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$47.62$35.05$80.27$90.08$90.37$225.81$189.97$32.89$61.70$44.32$100.41$113.14
Market value$4.0bn$3.0bn$7.0bn$8.1bn$8.3bn$22.4bn$19.8bn$3.5bn$7.0bn$5.5bn$12.9bn$14.7bn
+ Net debt (− = net cash)−$334m−$280m−$226m−$111m$873m$530m$1.3bn$2.1bn$1.9bn$1.8bn$1.8bn$1.8bn
Enterprise value$3.7bn$2.7bn$6.8bn$7.9bn$9.2bn$22.9bn$21.1bn$5.6bn$8.9bn$7.3bn$14.6bn$16.5bn
Multiples
Price / sales 1.8x0.9x1.5x1.2x0.9x1.6x1.4x0.3x0.6x0.5x1.0x1.1x
Price / earnings —————120.8x——————
Price / free cash flow 44.1x————18.2x63.9x—35.0x22.3x27.7x26.1x
EV / EBITDA —————35.4x92.6x———45.5x33.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

30 /100

Weak moat

How hard Wayfair's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -21.0% of total assets over 10 years.

  • Pricing power 10 / 20

    Gross margin has been a median 28.3%, moving by 2.7 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -5.0%; its worst year was -10.0%.

  • Cash conversion 6 / 20

    Free cash flow was positive in 5 of 10 years, at a median 1.0% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 26.3% over five years; stock-based pay has been a median 2.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (35 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, before the open. Analysts expect revenue of $3.4bn and EPS of $0.81 (range $0.72 to $0.96) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.91 +12% $13.4bn +8%
Next $3.90 +34% $14.4bn +7%

Next year's EPS estimate has moved +4.1% in 90 days, across 28 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +3.6% on 90 days ago. In the last 30 days, 2 analysts raised Wayfair Inc.'s forecast and 0 cut it.

Consensus EPS forecast Wayfair Inc., last 90 days
$2.50 $3.00 $3.50 $4.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.81 Current fiscal year, 60 days ago: $2.89 Current fiscal year, 30 days ago: $2.89 Current fiscal year, 7 days ago: $2.90 Current fiscal year, Now: $2.91 $2.91 Next fiscal year, 90 days ago: $3.75 Next fiscal year, 60 days ago: $3.87 Next fiscal year, 30 days ago: $3.88 Next fiscal year, 7 days ago: $3.88 Next fiscal year, Now: $3.90 $3.90

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.81$3.75
60 days ago $2.89$3.87
30 days ago $2.89$3.88
7 days ago $2.90$3.88
Now $2.91$3.90

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.92 $0.95 +3.1%
Mar 2026 $0.28 $0.26 −6.8%
Dec 2025 $0.69 $0.85 +23.9%
Sept 2025 $0.44 $0.70 +59.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026

No numeric guidance in Wayfair Inc.'s latest earnings release (filed August 4, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Wayfair Inc.'s revenue by +7.1% next year and +6.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+8.0%, weight 70%) and the company's own record (+5.1%, weight 30%) . How the weights are set.

Analyst recommendations

33 analysts, Oct 2026
Buy2061%
Hold1236%
Sell13%

Monthly trend

  1. Oct 20265151233
  2. Sep 20265151333
  3. Aug 20265151233
  4. Jul 20266131332

Counts of recommendations published by analysts covering Wayfair Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.3%
of tradable shares
Days to cover
4.61
at average volume
Short interest, 1 month
−3%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
2.0%
of shares
Employees
11,800
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +9.3%

$103.51 on October 31, 2025 to $113.14

ThenNowEffect
Revenue (last 12 months) $12.0bn $12.9bn +7.5%
P/S multiple 1.1x 1.1x +4.3%
Share count 127m 130m −2.5%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years +128.0%

$49.62 on November 3, 2023 to $113.14

ThenNowEffect
Revenue (last 12 months) $11.9bn $12.9bn +8.6%
P/S multiple 0.5x 1.1x +150.0%
Share count 109m 130m −16.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
W−16%−83%+88%−28%+127%+13%
Industry peers (median)+37%−31%+22%−7%−20%+16%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
W50%17%58%50%67%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
W−45%−86%−57%−48%−52%−52%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 93% from March 22, 2021 to April 8, 2025. Getting back needed a 1331% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$57.40 – $120.12
From 52-week high
−5.8%
vs 50-day average
+7.8%
vs 200-day average
+27.6%
Volatility (1 year)
68%
Beta vs S&P 500
2.68

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±12.8%
After a week
7 up, 5 down
typical move ±16.6%
After a month
8 up, 4 down
typical move ±21.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +20.4% +1.6% +15.6% +5.9%
April 30, 2026 −10.6% +1.3% −9.6% −0.9%
February 19, 2026 −11.0% +0.5% −13.7% −20.9%
October 28, 2025 +19.9% +0.3% +15.0% +30.2%
August 4, 2025 +13.0% +1.0% +10.0% +21.6%
May 1, 2025 +11.6% +2.2% +11.5% +37.8%
February 20, 2025 −9.7% −2.1% −14.7% −27.3%
November 1, 2024 −2.1% +0.2% −9.3% +13.9%
August 1, 2024 −12.2% −3.3% −24.5% −21.8%
May 2, 2024 +25.8% +2.2% +44.3% +14.6%
February 22, 2024 +7.7% +2.1% +22.2% +29.8%
November 1, 2023 +9.6% +3.0% +9.2% +37.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Wayfair Inc. in five measures

Fundamentals grade E
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Wayfair Inc.
$11.5B $12B $12.5B $13B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $12B Revenue (TTM), FY23 Q4: $12B Revenue (TTM), FY24 Q1: $12B Revenue (TTM), FY24 Q2: $11.9B Revenue (TTM), FY24 Q3: $11.8B Revenue (TTM), FY24 Q4: $11.9B Revenue (TTM), FY25 Q1: $11.9B Revenue (TTM), FY25 Q2: $12B Revenue (TTM), FY25 Q3: $12.2B Revenue (TTM), FY25 Q4: $12.5B Revenue (TTM), FY26 Q1: $12.7B Revenue (TTM), FY26 Q2: $12.9B $12.9B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $12B
FY23 Q4 $12B
FY24 Q1 $12B
FY24 Q2 $11.9B
FY24 Q3 $11.8B
FY24 Q4 $11.9B
FY25 Q1 $11.9B
FY25 Q2 $12B
FY25 Q3 $12.2B
FY25 Q4 $12.5B
FY26 Q1 $12.7B
FY26 Q2 $12.9B
Revenue growth, TTM YoY Wayfair Inc.
-5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -3.1% Revenue growth, TTM YoY, FY23 Q4: -1.8% Revenue growth, TTM YoY, FY24 Q1: -0.3% Revenue growth, TTM YoY, FY24 Q2: 0.2% Revenue growth, TTM YoY, FY24 Q3: -1.2% Revenue growth, TTM YoY, FY24 Q4: -1.3% Revenue growth, TTM YoY, FY25 Q1: -0.9% Revenue growth, TTM YoY, FY25 Q2: 0.9% Revenue growth, TTM YoY, FY25 Q3: 3.4% Revenue growth, TTM YoY, FY25 Q4: 5.1% Revenue growth, TTM YoY, FY26 Q1: 6.8% Revenue growth, TTM YoY, FY26 Q2: 7.5% 7.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -3.1%
FY23 Q4 -1.8%
FY24 Q1 -0.3%
FY24 Q2 0.2%
FY24 Q3 -1.2%
FY24 Q4 -1.3%
FY25 Q1 -0.9%
FY25 Q2 0.9%
FY25 Q3 3.4%
FY25 Q4 5.1%
FY26 Q1 6.8%
FY26 Q2 7.5%
Operating margin (TTM) Wayfair Inc.
-10% -5% 0% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -8.1% Operating margin (TTM), FY23 Q4: -6.8% Operating margin (TTM), FY24 Q1: -5.9% Operating margin (TTM), FY24 Q2: -5.0% Operating margin (TTM), FY24 Q3: -4.4% Operating margin (TTM), FY24 Q4: -3.9% Operating margin (TTM), FY25 Q1: -2.9% Operating margin (TTM), FY25 Q2: -2.5% Operating margin (TTM), FY25 Q3: -1.5% Operating margin (TTM), FY25 Q4: 0.1% Operating margin (TTM), FY26 Q1: 1.0% Operating margin (TTM), FY26 Q2: 1.7% 1.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -8.1%
FY23 Q4 -6.8%
FY24 Q1 -5.9%
FY24 Q2 -5.0%
FY24 Q3 -4.4%
FY24 Q4 -3.9%
FY25 Q1 -2.9%
FY25 Q2 -2.5%
FY25 Q3 -1.5%
FY25 Q4 0.1%
FY26 Q1 1.0%
FY26 Q2 1.7%
FCF margin (TTM) Wayfair Inc.
0% 2% 4% 6% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 1.2% FCF margin (TTM), FY23 Q4: 1.7% FCF margin (TTM), FY24 Q1: 1.9% FCF margin (TTM), FY24 Q2: 2.3% FCF margin (TTM), FY24 Q3: 1.8% FCF margin (TTM), FY24 Q4: 2.1% FCF margin (TTM), FY25 Q1: 2.5% FCF margin (TTM), FY25 Q2: 2.8% FCF margin (TTM), FY25 Q3: 3.5% FCF margin (TTM), FY25 Q4: 3.7% FCF margin (TTM), FY26 Q1: 3.9% FCF margin (TTM), FY26 Q2: 4.4% 4.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 1.2%
FY23 Q4 1.7%
FY24 Q1 1.9%
FY24 Q2 2.3%
FY24 Q3 1.8%
FY24 Q4 2.1%
FY25 Q1 2.5%
FY25 Q2 2.8%
FY25 Q3 3.5%
FY25 Q4 3.7%
FY26 Q1 3.9%
FY26 Q2 4.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 0.6 0.9 1.3 2.2 3.4 4.7 6.8 9.1 14.1 13.7 12.2 12.0 11.9 12.5 12.9
Gross profit 0.1 0.2 0.3 0.5 0.8 1.1 1.6 2.1 4.1 3.9 3.4 3.7 3.6 3.8 3.9
EBITDA −0.0 −0.0 −0.1 −0.0 −0.1 −0.1 −0.3 −0.7 0.6 0.2 −1.0 −0.4 −0.1 0.3 0.5
Operating income −0.0 −0.0 −0.1 −0.1 −0.2 −0.2 −0.5 −0.9 0.4 −0.1 −1.4 −0.8 −0.5 0.0 0.2
Net income −0.0 −0.0 −0.1 −0.1 −0.2 −0.2 −0.5 −1.0 0.2 −0.1 −1.3 −0.7 −0.5 −0.3 −0.3
Diluted EPS −$0.80 −$0.99 −$2.97 −$0.92 −$2.29 −$2.81 −$5.63 −$10.68 $1.86 −$1.26 −$12.54 −$6.47 −$4.01 −$2.44 −$2.47
Growth (year on year)
Revenue — +52.4% +44.0% +70.6% +50.2% +39.7% +43.6% +34.6% +55.0% −3.1% −10.9% −1.8% −1.3% +5.1% +7.5%
EBITDA — — — — — — — — — −64.7% — — — — —
Operating income — — — — — — — — — −126.1% — — — — —
Margins
Gross margin 24.2% 24.5% 23.6% 24.0% 23.9% 23.7% 23.4% 23.5% 29.1% 28.4% 28.0% 30.6% 30.2% 30.2% 30.1%
EBITDA margin −2.0% −0.3% −9.5% −2.2% −4.2% −3.1% −5.2% −8.1% 4.6% 1.7% −8.3% −3.3% −0.6% 2.6% 3.8%
Operating margin −3.6% −1.7% −11.2% −3.6% −5.8% −5.0% −7.0% −10.2% 2.5% −0.7% −11.3% −6.8% −3.9% 0.1% 1.7%
Net margin −3.5% −1.7% −11.2% −3.4% −5.8% −5.2% −7.4% −10.8% 1.3% −1.0% −10.9% −6.1% −4.2% −2.5% −2.5%
Free-cash-flow margin −0.7% 3.0% −2.1% 4.0% −1.0% −1.4% −1.1% −5.1% 8.7% 2.3% −7.0% 1.7% 2.1% 3.7% 4.4%
Cash flow
Cash from operations 0.0 0.0 0.0 0.1 0.1 0.0 0.1 −0.2 1.4 0.4 −0.7 0.3 0.3 0.5 0.7
Capital spending 0.0 0.0 0.0 0.0 0.1 0.1 0.2 0.3 0.2 0.1 0.2 0.1 0.1 0.1 0.1
Free cash flow −0.0 0.0 −0.0 0.1 −0.0 −0.1 −0.1 −0.5 1.2 0.3 −0.9 0.2 0.2 0.5 0.6
Stock-based pay — 0.0 0.1 0.0 0.0 0.1 0.1 0.2 0.3 0.3 0.5 0.6 0.4 0.3 0.3
Free cash flow after stock pay — 0.0 −0.1 0.1 −0.1 −0.1 −0.2 −0.7 1.0 −0.0 −1.4 −0.4 −0.2 0.1 0.3
Balance sheet
Cash 0.1 0.1 0.4 0.3 0.3 0.6 0.8 0.6 2.1 1.7 1.1 1.3 1.3 1.5 1.1
Total debt 0.0 0.0 0.0 0.0 0.0 0.3 0.7 1.5 2.7 3.1 3.1 3.2 3.1 3.3 2.8
Net debt (negative = net cash) −0.1 −0.1 −0.4 −0.3 −0.3 −0.2 −0.1 0.9 0.5 1.3 2.1 1.9 1.8 1.8 1.8
Diluted shares 41m 41m 51m 84m 85m 87m 89m 92m 99m 104m 106m 114m 123m 128m 130m
Returned to shareholders
Dividends — 0.0 0.0 0.0 0.0 — — — — — — — — — —
Buybacks — 0.0 0.0 0.0 0.0 — 0.0 0.0 0.4 0.3 0.1 0.0 0.0 — —
Total returned — 0.0 0.1 0.0 0.0 — 0.0 0.0 0.4 0.3 0.1 0.0 0.0 — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 4 checks passed · June 30, 2026
What it owns · $3.0bn
Short-term assets $1.7bnLonger-term assets $1.3bn
What it owes, and who funded it · $5.8bn
Short-term liabilities $2.3bnLonger-term liabilities $3.5bnShareholders' equity $-2.8bn
  • Short-term assets cover short-term liabilities $1.7bn of assets due within a year against $2.3bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.7bn short-term assets against $3.5bn of longer-dated liabilities.
  • More cash than debt $1.1bn of cash against $2.8bn of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $665m of operating cash flow against $2.8bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Wayfair Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+2.6%
year over year
Days sales outstanding
5 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in homefurnishing retail
Last 12 months unless stated W WSM RH ARHS HVT LOVE Median
Revenue, last 12 months $12.9bn $8.0bn $3.4bn $1.4bn $780m $698m $1.4bn
Revenue growth, last 12 months 7.5% 2.2% 3.3% 5.4% 8.0% 1.1% 5.4%
Revenue growth, 3-year average 2.8% −1.1% 2.7% 2.9% −7.5% 1.4% 2.1%
Revenue growth, latest quarter 7.5% 6.7% 2.6% 7.4% 7.7% 0.4% 7.0%
Gross margin 30.1% 47.2% 44.3% 39.7% 60.9% 58.8% 44.3%
Operating margin 1.7% 19.2% 10.0% 6.6% — 3.3% 5.9%
Operating margin, 3-year average −1.9% 18.6% 9.8% 7.4% — 2.4% 7.4%
Net margin −2.5% 14.7% 3.2% 4.9% 2.9% 2.6% 3.2%
Cash from operations / revenue 5.2% 20.1% 12.3% 8.2% 7.8% 9.6% 8.2%
Free-cash-flow margin 4.4% 16.8% 7.3% 2.9% 5.1% 6.3% 5.1%
Free-cash-flow margin, 3-year average 3.1% 15.6% −1.2% 4.2% 4.9% 2.5% 3.7%
Stock pay / revenue 2.4% 1.5% 1.3% 0.8% 1.0% 0.6% 1.0%
Change in share count 2.6% −3.4% −4.1% 0.6% — −10.3% −1.7%

Median of all 7 companies we cover in homefurnishing retail. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

7 homefurnishing retail companies
Measure Company Peer median Rank
Revenue growth Growth 7.5% 5.4% 3 of 7
Change in growth rate Growth +0.7pp +0.7pp 4 of 7
Gross margin Profitability 30.1% 44.3% 6 of 7
Operating margin Profitability 1.7% 6.6% 6 of 6
Net margin Profitability -2.5% 3.2% 7 of 7
Free-cash-flow margin Cash generation 4.4% 5.1% 5 of 7
Stock pay as % of revenue Cash generation 2.4% 1.0% 7 of 7
Change in share count Balance sheet 2.6% 0.0% 6 of 6

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
United States $11B 88.1% ▲ 5.8%
International $1.5B 11.9% ▲ 0.4%

From Wayfair Inc.'s 10-K filed February 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$11.3B
Institutions reporting
451
Shares held vs prior quarter
▼ 1.0%
Positions opened / closed
82 / 81

Top buyers and sellers, Q2 2026: 239 institutions bought and 224 sold ; the biggest buyer was Castle Hook Partners LP (+2.4M shares) and the biggest seller Capital World Investors (−2.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $1.5B 16.3M 13.3% 0.0%
Capital World Investors $1B 11.2M 9.2% ▼ 19.0%
Blackrock, Inc. $465M 5.0M 4.1% ▼ 12.3%
Vanguard Capital Management LLC $441M 4.8M 3.9% ▲ 2.4%
Renaissance Technologies LLC $417M 4.5M 3.7% ▼ 9.2%
Jupiter Topco LLC $413M 4.5M 3.7% —
Vanguard Portfolio Management LLC $388M 4.2M 3.4% ▼ 4.3%
AQR Capital Management LLC $285M 3.1M 2.5% ▲ 67.4%
Spruce House Investment Management LLC $269M 2.9M 2.4% ▲ 11.9%
Baillie Gifford & Co $260M 2.8M 2.3% ▼ 1.8%
Great Hill Partners, L.P. $258M 2.8M 2.3% 0.0%
Two Sigma Investments, LP $241M 2.6M 2.1% ▲ 4.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Wayfair Inc.'s complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $231M 142 trades by 5 insiders · 100% under pre-set plans
Net ▼ $231M net selling
Insider Date Trade Shares Price Value
Blotner Jon Pres., Commercial & Operations October 29, 2026 Sell pre-set plan 500 $120.00 $60,000
Tan Fiona Chief Technology Officer October 20, 2026 Sell pre-set plan 8,000 $115.00 $920,000
Conine Steven Director October 15, 2026 Sell pre-set plan 21,577 $112.47 $2.4M
Conine Steven Director October 15, 2026 Sell pre-set plan 46,157 $111.64 $5.2M
Conine Steven Director October 15, 2026 Sell pre-set plan 49,266 $110.36 $5.4M
Blotner Jon Pres., Commercial & Operations October 15, 2026 Sell pre-set plan 546 $110.00 $60,060
Shah Niraj Chief Executive Officer October 15, 2026 Sell pre-set plan 22,904 $112.44 $2.6M
Shah Niraj Chief Executive Officer October 15, 2026 Sell pre-set plan 44,893 $111.62 $5M
Shah Niraj Chief Executive Officer October 15, 2026 Sell pre-set plan 49,203 $110.36 $5.4M
Conine Steven Director October 12, 2026 Sell pre-set plan 594 $107.31 $63,742
Conine Steven Director October 12, 2026 Sell pre-set plan 15,599 $106.68 $1.7M
Conine Steven Director October 12, 2026 Sell pre-set plan 39,106 $105.81 $4.1M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 25 trades and filings

In the last 12 months, 1 member of Congress disclosed 3 purchases and 0 sales of Wayfair Inc. shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded May 11, 2026, filed June 8, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded May 7, 2026, filed June 8, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded May 1, 2026, filed May 8, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around October 27, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • April 30, 2026
  • February 19, 2026
  • October 28, 2025
  • August 4, 2025
  • May 1, 2025

Recent SEC filings

Data status

When each part of this page on Wayfair Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Wayfair Inc. in brief

What does Wayfair Inc. do?
Wayfair Inc. is a US-listed company in the homefurnishing retail industry. Its financial year ends in December.
What is Wayfair Inc.'s stock ticker?
Wayfair Inc. trades under the ticker W on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Wayfair Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Wayfair Inc. reported revenue of $12.9B, 7.5% higher than a year earlier, according to its SEC filings.
What is Wayfair Inc.'s free cash flow?
Wayfair Inc.'s free-cash-flow margin is 4.4% of revenue over the trailing twelve months, ranking 5 of the 7 homefurnishing retail companies we cover.
Who are Wayfair Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Capital World Investors and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Wayfair Inc.'s market cap?
On November 2, 2026, Wayfair Inc.'s market capitalisation was about $14.7B and net debt of $1.8B. Market figures come from third-party market data and may be delayed.
Who are Wayfair Inc.'s competitors?
In our Homefurnishing Retail peer group, the companies closest to Wayfair Inc. are Williams-Sonoma, Inc., RH, Arhaus, Inc., Haverty Furniture Companies Inc and Lovesac Co. The side-by-side comparison below sets their revenue, margins and growth against Wayfair Inc.'s.
Are insiders buying or selling Wayfair Inc. stock?
Over the last 12 months, Wayfair Inc.'s directors and officers reported 0 open-market purchases and 142 sales on Form 4. The insider trading page charts every trade.
When is Wayfair Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Wayfair Inc. announces its own schedule.