Filing Flows › Wayfair (W) › Q1 2026
Wayfair (W) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Wayfair (W) reported revenue of $2.9B for the first quarter 2026 (Q1 2026), +7% from a year earlier and -12% from the quarter before. Operating margin was -0.4%, net loss $105M (3.6% of revenue).
Wayfair, Q1 2026: revenue $2.9B (+7% year over year), operating margin -0.4%, net loss $105M, operating cash flow −$52.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9B | -12% | +7% |
| Operating profit | −$11.0M | -113% | — |
| Net earnings | −$105M | — | — |
| Operating cash flow | −$52.0M | -126% | — |
What changed
Revenue was $2.9B in Q1 2026, up 7% year over year and down 12% from the previous quarter. U.S. was the largest line at 89% of revenue. U.S. added $0.18B year over year (up 8%), 91% of the total change.
Gross margin was 30.0%, down 0.6 points from Q1 2025. Operating costs exceeded revenue by $0.01B, an operating margin of -0.4%. Operating expenses fell 7% while revenue rose 7%. The quarter ended with a net loss of $0.10B, narrower than the previous quarter's $0.12B loss. Net interest and other expense of $0.09B was the main reason.
Operating cash flow was −$0.05B. Non-cash charges added back $0.07B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items used $0.08B. Capital expenditures of $0.03B exceeded it, leaving free cash flow of −$0.08B.
Questions
What was Wayfair's revenue in the first quarter 2026?
Wayfair (W) reported revenue of $2.9B for the first quarter 2026 (Q1 2026), +7% from a year earlier and -12% from the quarter before.
Was Wayfair profitable in the first quarter 2026?
Operating loss was $11.0M (-0.4% of revenue) and net loss $105M.
Source: Wayfair 10-Q on SEC EDGAR.