Wayfair (W) Operating Leases (2019 - 2026)
Wayfair (W) recorded Operating Leases of $680 million in Q2 2026, down 21.7% from $869 million a year earlier and down 3.4% from the prior quarter.
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Analysis
Wayfair (W) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Wayfair reported Operating Leases of $835 million, down 10.1% from FY2024.
- Annual Operating Leases has a five-year compound annual growth rate of -0.8% (FY2020 to FY2025).
- Across earlier years, Operating Leases came in at $929 million in FY2024 (+7.8%), $862 million in FY2023 (-3.5%), $893 million in FY2022 (+0.1%) and $892 million in FY2021 (+2.5%).
- The Q2 2026 figure is the lowest quarterly Operating Leases since Q1 2019.
- On a year-over-year basis, Operating Leases has declined for five consecutive quarters, with an average decline of 5.6% over the last eight quarters.
- Peak year-over-year performance for Operating Leases in the last five years was growth of 7.8% in Q4 2024, against a decline of 23.0% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $704 million (Q1 2026), $835 million (Q4 2025) and $857 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Amazon Com | 2,653.16 Bn | 2,653.16 Bn | - |
| 2 | Home Depot | 338.76 Bn | 332.00 Bn | 16.12 Bn |
| 3 | Tjx Companies | 155.97 Bn | 133.51 Bn | 5.07 Bn |
| 4 | Lowes Companies | 121.83 Bn | 114.80 Bn | 8.58 Bn |
| 5 | O Reilly Automotive | 74.90 Bn | 74.90 Bn | 2.68 Bn |
| 6 | Ross Stores | 73.46 Bn | 56.38 Bn | 2.12 Bn |
| 7 | Target | 72.26 Bn | 66.85 Bn | 8.94 Bn |
| 8 | Autozone | 53.81 Bn | 52.66 Bn | 3.52 Bn |
| 9 | Carvana | 51.56 Bn | 41.15 Bn | 1.52 Bn |
| 10 | Wayfair | 14.96 Bn | 9.98 Bn | 1.05 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 680.00 Mn |
| Mar 31, 2026 | 704.00 Mn |
| Dec 31, 2025 | 835.00 Mn |
| Sep 30, 2025 | 857.00 Mn |
| Jun 30, 2025 | 869.00 Mn |
| Mar 31, 2025 | 914.00 Mn |
| Dec 31, 2024 | 929.00 Mn |
| Sep 30, 2024 | 884.00 Mn |
| Jun 30, 2024 | 893.00 Mn |
| Mar 31, 2024 | 905.00 Mn |
| Dec 31, 2023 | 862.00 Mn |
| Sep 30, 2023 | 827.00 Mn |
| Jun 30, 2023 | 861.00 Mn |
| Mar 31, 2023 | 867.00 Mn |
| Dec 31, 2022 | 893.00 Mn |
| Sep 30, 2022 | 909.00 Mn |
| Jun 30, 2022 | 939.00 Mn |
| Mar 31, 2022 | 881.00 Mn |
| Dec 31, 2021 | 892.00 Mn |
| Sep 30, 2021 | 867.60 Mn |
API Access
Wayfair Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=W&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "W", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=W&period=max&api_key=YOUR_API_KEY");
const data = await res.json();