Wayfair profit margin W
Gross, operating and net profit as a share of revenue over the last twelve months, from 2014.
- Net margin, 12 months
- −2.5%
- Operating margin, 12 months
- 1.7%
- Net margin on a year earlier
- +0.0 pts
- Peer median
- 5.3%
Over the twelve months to Jun 30, 2026, Wayfair kept −2.5% of its revenue as net profit, with an operating margin of 1.7% and a gross margin of 30.1%.
Five years earlier its net margin was 2.3%.
The median for 10 specialty retail stocks of a similar size is 5.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | −2.5% | 0.1% | 30.2% |
| FY2024 | −4.2% | −3.9% | 30.2% |
| FY2023 | −6.1% | −6.8% | 30.6% |
| FY2022 | −10.9% | −11.3% | 28.0% |
| FY2021 | −1.0% | −0.7% | 28.4% |
| FY2020 | 1.3% | 2.5% | 29.1% |
| FY2019 | −10.8% | −10.2% | 23.5% |
| FY2018 | −7.4% | −7.0% | 23.4% |
| FY2017 | −5.2% | −5.0% | 23.7% |
| FY2016 | −5.8% | −5.8% | 23.9% |
| FY2015 | −3.4% | −3.6% | 24.0% |
| FY2014 | −11.2% | −11.2% | 23.6% |
| FY2013 | n/a | n/a | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | −2.5% | +0.0 pts | 1.7% | |
| Q1 FY26 | −2.4% | +0.6 pts | 1.0% | |
| Q4 FY25 | −2.5% | +1.6 pts | 0.1% | |
| Q3 FY25 | −2.7% | +1.9 pts | −1.5% | |
| Q2 FY25 | −2.5% | +2.8 pts | −2.5% | |
| Q1 FY25 | −3.0% | +2.3 pts | −2.9% | |
| Q4 FY24 | −4.2% | +2.0 pts | −3.9% | |
| Q3 FY24 | −4.5% | +3.1 pts | −4.4% | |
| Q2 FY24 | −5.3% | +3.4 pts | −5.0% | |
| Q1 FY24 | −5.3% | +6.1 pts | −5.9% | |
| Q4 FY23 | −6.1% | +4.7 pts | −6.8% | |
| Q3 FY23 | −7.6% | +1.9 pts | −8.1% |
Against its peers
Companies in Specialty Retail nearest Wayfair's size, closest first, today.
| Company | Profit margin |
|---|---|
| WWayfair | −2.5% |
| TSCOTractor Supply | 6.4% |
| DKSDick's Sporting Goods | 4.0% |
| GMEGameStop | 25.2% |
| BBYBest Buy | 3.0% |
| CPNGCoupang | −2.2% |
| CASYCasey's General Stores | 4.1% |
| ULTAUlta Beauty | 9.3% |
| CHWYChewy | 2.1% |
| WSMWilliams-Sonoma | 14.7% |
| FCFSFirstCash | 9.4% |
| Peer median | 5.3% |
Where Wayfair ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Wayfair
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.