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
DateValue
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%