Wix.com (WIX) Gross Margin (2012 - 2023)
Wix.com (WIX) posted Gross Margin of 67.2% for Q2 2023, up 2.78% sequentially from 65.39% in Q1 2023.
Wix.com (WIX) Gross Margin (2012 - 2023) Analysis & Trends
Wix.com (WIX) has 10 years of Gross Margin data on file, last reported at 67.2% in Q2 2023.
- Quarterly Gross Margin changed N/A year-over-year to 67.2% in Q2 2023, while the trailing twelve-month figure through Jun 2023 was 64.91% (changed N/A YoY) and the FY2025 annual result came in at 68.07%, up 14.0% from the prior year.
- Gross Margin improved to 67.2% in Q2 2023 per WIX's latest filing, from 65.39% in the prior quarter.
- The five-year high for Gross Margin was 77.21% in Q1 2019, with the low at 63.03% in Q3 2022.
- Average Gross Margin over 3 years is 69.7%, with a median of 70.06% recorded in 2023.
- The widest YoY moves for Gross Margin: up 171 bps in 2019, down 589 bps in 2019.
- Wix.com's Gross Margin stood at 73.25% in 2019, then dropped by 13 bps to 63.73% in 2022, then grew by 5 bps to 67.2% in 2023.
- Business Quant data shows WIX's Gross Margin at 67.2% in Q2 2023, 65.39% in Q1 2023, and 63.73% in Q4 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 67.63% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 89.22% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 86.78% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 73.59% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 76.12% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 80.29% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 71.21% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 73.54% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 48.03% |
| 10 | Wix.com | 5.77 Bn | 4.10 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% |