Wix.com (WIX) Gross Margin (2012 - 2023)
Wix.com (WIX) reported 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.
- For the quarter ending Q2 2023, Gross Margin changed N/A year-over-year to 67.2%; the trailing twelve-month figure through Jun 2023 stood at 64.91% (changed N/A YoY), and the FY2025 full-year result was 68.07%, up 14.0% from the prior year.
- Gross Margin improved to 67.2% in Q2 2023, 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.
- A 3-year average of 69.7% and a median of 70.06% in 2023 frame the typical range for Gross Margin.
- Peak annual rise in Gross Margin reached 171 bps in 2019, while the deepest fall reached 589 bps in 2019.
- Tracing WIX's Gross Margin over 3 years: stood at 73.25% in 2019, then fell by 13 bps to 63.73% in 2022, then rose 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 67.63% |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | 37.74% |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | - |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 86.78% |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 73.59% |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 76.12% |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 80.29% |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 71.21% |
| 10 | Wix.com | 190.37 Mn | -1.15 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% |