Wayfair (W) Net Margin (2012 - 2025)

Wayfair (W) posted annual Net Margin of 2.51% for FY2025, up 39.48% year-over-year from 4.15% in FY2024.

Wayfair (W) Net Margin (2012 - 2025) Analysis & Trends

Wayfair (W) has reported Net Margin for 14 consecutive years, with 2.51% the latest figure, recorded in FY2025.

In Q1 2026, Net Margin rose 56.0% year-over-year to 3.58%; the TTM figure through Mar 2026 stood at 2.41% (up 60.0% YoY), while the FY2025 annual figure was 2.51%, up 164.0% from the prior year.
Net Margin advanced to 2.51% in FY2025 per W's latest filing, from 4.15% in the prior year.
Across five years, Net Margin topped out at 0.96% in FY2021 and bottomed at 10.89% in FY2022.
Historically, Net Margin has averaged 4.93% across 5 years, with a median of 4.15% in 2024.
Annual changes were most pronounced in 2022 — Net Margin plunged 994 bps — and 2023, when it surged 475 bps.
Wayfair's Net Margin stood at 0.96% in 2021, then tumbled by 1040 bps to 10.89% in 2022, then surged by 44 bps to 6.15% in 2023, then jumped by 32 bps to 4.15% in 2024, then surged by 39 bps to 2.51% in 2025.
Business Quant data shows W's Net Margin at 2.51% in FY2025, 4.15% in FY2024, and 6.15% in FY2023.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Yr)
1	Amazon Com	2,865.58 Bn	2,742.60 Bn	198.88 Bn	-
2	PDD Holdings	472.15 Bn	412.61 Bn	9.83 Bn	22.66%
3	DoorDash	93.73 Bn	88.38 Bn	2.35 Bn	-
4	Mercadolibre	92.41 Bn	77.22 Bn	4.16 Bn	-
5	JD.com	80.21 Bn	51.03 Bn	7.66 Bn	-
6	Sea	73.19 Bn	64.67 Bn	3.15 Bn	-
7	Ebay	46.22 Bn	42.91 Bn	2.30 Bn	-
8	Coupang	29.15 Bn	23.04 Bn	2.49 Bn	-
9	Zkh	16.47 Bn	16.47 Bn	51.11 Mn	-
10	Wayfair	13.43 Bn	12.29 Bn	1.05 Bn	-

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