Wix.com (WIX) Gross Margin (2012 - 2023)
Wix.com's (WIX) quarterly Gross Margin came in at 67.2% in Q2 2023, up 2.78% quarter-over-quarter from 65.39% in Q1 2023.
Wix.com (WIX) Gross Margin (2012 - 2023) Analysis & Trends
Wix.com has disclosed Gross Margin across 10 years of filings, most recently posting 67.2% for Q2 2023.
- Gross Margin for Q2 2023 came in at 67.2%, changed N/A year-over-year; the trailing twelve-month figure through Jun 2023 was 64.91% (changed N/A YoY), and the FY2025 annual result was 68.07%, up 14.0% from the prior year.
- Gross Margin came in at 67.2% for Q2 2023 at Wix.com, up from 65.39% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 77.21% in Q1 2019 to a low of 63.03% in Q3 2022.
- The 3-year median for Gross Margin is 70.06% (2023), against an average of 69.7%.
- Peak annual rise in Gross Margin reached 171 bps in 2019, while the deepest fall reached 589 bps in 2019.
- Wix.com's Gross Margin stood at 73.25% in 2019, then retreated by 13 bps to 63.73% in 2022, then gained by 5 bps to 67.2% in 2023.
- The last three Gross Margin figures came in at 67.2% (Q2 2023), 65.39% (Q1 2023), and 63.73% (Q4 2022), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 67.63% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 61.73% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 88.06% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 86.78% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 73.59% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 76.12% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 80.29% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 73.54% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 71.21% |
| 10 | Wix.com | 5.70 Bn | 4.36 Bn | 353.37 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | 67.20% |
| Mar 31, 2023 | 65.39% |
| Dec 31, 2022 | 63.73% |
| Sep 30, 2022 | 63.03% |
| Dec 31, 2019 | 73.25% |
| Sep 30, 2019 | 72.92% |
| Jun 30, 2019 | 74.83% |
| Mar 31, 2019 | 77.21% |
| Dec 31, 2018 | 79.00% |
| Sep 30, 2018 | 78.81% |
| Jun 30, 2018 | 79.17% |
| Mar 31, 2018 | 78.92% |
| Dec 31, 2017 | 85.09% |
| Sep 30, 2017 | 83.04% |
| Jun 30, 2017 | 82.59% |
| Mar 31, 2017 | 83.94% |
| Dec 31, 2016 | 84.87% |
| Sep 30, 2016 | 85.42% |
| Jun 30, 2016 | 83.97% |
| Mar 31, 2016 | 82.94% |