Wix.com (WIX) Cost of Revenue (2012 - 2023)
Wix.com (WIX) posted Cost of Revenue of $4.2 million for Q1 2023, down 8.01% sequentially from $4.6 million in Q4 2022, and little changed YoY from $4.2 million in Q1 2022.
Wix.com (WIX) Cost of Revenue (2012 - 2023) Analysis & Trends
Wix.com has reported Cost of Revenue for 12 years, with the latest figure at $4.2 million in Q1 2023.
- Quarterly Cost of Revenue changed 0.17% year-over-year to $4.2 million in Q1 2023, while the trailing twelve-month figure through Mar 2023 was $17.8 million (up 10.04% YoY) and the FY2025 annual result came in at $636.4 million, up 12.7% from the prior year.
- Cost of Revenue retreated to $4.2 million in Q1 2023 per WIX's latest filing, from $4.6 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $4.6 million in Q4 2022 and troughed at $1.3 million in Q1 2019.
- A 5-year average of $3.1 million and a median of $3.5 million in 2021 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2019 and 2021: Cost of Revenue slumped 95.49% in 2019, then soared 114.65% in 2021.
- Over 5 years, Cost of Revenue stood at $1.6 million in 2019, then soared by 100.51% to $3.2 million in 2020, then rose by 29.1% to $4.1 million in 2021, then gained by 12.5% to $4.6 million in 2022, then declined by 8.01% to $4.2 million in 2023.
- According to Business Quant data, Cost of Revenue over the past three periods registered $4.2 million, $4.6 million, and $4.4 million for Q1 2023, Q4 2022, and Q3 2022 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 29.53 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 296.87 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 974.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 404.70 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 196.54 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 637.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 879.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 3.45 Bn |
| 10 | Wix.com | 4.30 Bn | 2.63 Bn | 353.37 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2023 | 4.24 Mn |
| Mar 31, 2023 | 4.24 Mn |
| Dec 31, 2022 | 4.61 Mn |
| Dec 31, 2022 | 4.61 Mn |
| Sep 30, 2022 | 4.42 Mn |
| Sep 30, 2022 | 4.42 Mn |
| Jun 30, 2022 | 4.56 Mn |
| Jun 30, 2022 | 4.56 Mn |
| Mar 31, 2022 | 4.23 Mn |
| Mar 31, 2022 | 4.23 Mn |
| Dec 31, 2021 | 4.10 Mn |
| Dec 31, 2021 | 4.10 Mn |
| Sep 30, 2021 | 4.06 Mn |
| Sep 30, 2021 | 4.06 Mn |
| Jun 30, 2021 | 3.81 Mn |
| Jun 30, 2021 | 3.81 Mn |
| Mar 31, 2021 | 3.50 Mn |
| Mar 31, 2021 | 3.50 Mn |
| Dec 31, 2020 | 3.17 Mn |
| Dec 31, 2020 | 3.17 Mn |