Wayfair (W) Operating Margin (2014 - 2026)
Wayfair (W) reported Operating Margin of 0.38% for Q1 2026, up 409.0% year-over-year from 0.07% in Q1 2025, and down 114.91% on a QoQ basis from 2.52% in Q4 2025.
Wayfair (W) has 13 years of Operating Margin data on file, last reported at 0.38% in Q1 2026.
- Quarterly Operating Margin rose 409.0% year-over-year to 0.38% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.01% (up 395.0% YoY) and the FY2025 annual result came in at 0.14%, up 403.0% from the prior year.
- Operating Margin declined to 0.38% in Q1 2026 per W's latest filing, from 2.52% in the prior quarter.
- Across five years, Operating Margin topped out at 2.52% in Q4 2025 and bottomed at 13.1% in Q3 2022.
- The 5-year median for Operating Margin is 4.48% (2023), against an average of 5.28%.
- The widest annual swing landed in 2022, when Operating Margin sank 1511 bps; it then surged 794 bps in 2023.
- Tracing W's Operating Margin over 5 years: stood at 10.64% in 2022, then surged by 48 bps to 5.52% in 2023, then soared by 32 bps to 3.75% in 2024, then surged by 167 bps to 2.52% in 2025, then tumbled by 115 bps to 0.38% in 2026.
- Per Business Quant, the three latest W Operating Margin figures stand at 0.38% (Q1 2026), 2.52% (Q4 2025), and 1.22% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,907.49 Bn | 2,764.40 Bn | 171.21 Bn | 13.14% |
| 2 | Mercadolibre | 85.96 Bn | 80.31 Bn | 3.86 Bn | 6.91% |
| 3 | DoorDash | 69.36 Bn | 64.50 Bn | 2.04 Bn | 3.74% |
| 4 | PDD Holdings | 66.56 Bn | 41.90 Bn | 12.81 Bn | 22.37% |
| 5 | Ebay | 48.95 Bn | 45.09 Bn | 2.29 Bn | 19.78% |
| 6 | Coupang | 30.30 Bn | 30.21 Bn | 2.30 Bn | -2.85% |
| 7 | Maplebear | 9.52 Bn | 8.83 Bn | 738.00 Mn | 17.86% |
| 8 | Wayfair | 9.47 Bn | 8.40 Bn | 880.00 Mn | -0.38% |
| 9 | Chewy | 9.33 Bn | 8.46 Bn | 959.70 Mn | 1.30% |
| 10 | Etsy | 6.54 Bn | 5.11 Bn | 455.60 Mn | 18.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -0.38% |
| Dec 31, 2025 | 2.52% |
| Sep 30, 2025 | 1.22% |
| Jun 30, 2025 | 0.52% |
| Mar 31, 2025 | -4.47% |
| Dec 31, 2024 | -3.75% |
| Sep 30, 2024 | -2.57% |
| Jun 30, 2024 | -1.12% |
| Mar 31, 2024 | -8.61% |
| Dec 31, 2023 | -5.52% |
| Sep 30, 2023 | -5.16% |
| Jun 30, 2023 | -4.48% |
| Mar 31, 2023 | -12.51% |
| Dec 31, 2022 | -10.64% |
| Sep 30, 2022 | -13.10% |
| Jun 30, 2022 | -11.33% |
| Mar 31, 2022 | -10.36% |
| Dec 31, 2021 | -6.03% |
| Sep 30, 2021 | -2.24% |
| Jun 30, 2021 | 3.79% |
| Mar 31, 2021 | 0.75% |
| Dec 31, 2020 | 2.73% |
| Sep 30, 2020 | 5.78% |
| Jun 30, 2020 | 6.97% |
| Mar 31, 2020 | -11.25% |
| Dec 31, 2019 | -12.06% |
| Sep 30, 2019 | -11.26% |
| Jun 30, 2019 | -7.31% |
| Mar 31, 2019 | -9.96% |
| Dec 31, 2018 | -6.44% |
| Sep 30, 2018 | -8.52% |
| Jun 30, 2018 | -5.76% |
| Mar 31, 2018 | -7.34% |
| Dec 31, 2017 | -4.71% |
| Sep 30, 2017 | -6.17% |
| Jun 30, 2017 | -3.34% |
| Mar 31, 2017 | -5.85% |
| Dec 31, 2016 | -4.44% |
| Sep 30, 2016 | -7.15% |
| Jun 30, 2016 | -6.19% |
| Mar 31, 2016 | -5.63% |
| Dec 31, 2015 | -2.16% |
| Sep 30, 2015 | -3.14% |
| Jun 30, 2015 | -3.96% |
| Mar 31, 2015 | -6.42% |
| Dec 31, 2014 | -17.74% |
| Sep 30, 2014 | -7.10% |
| Jun 30, 2014 | -7.88% |
| Mar 31, 2014 | -10.10% |