Filing Flows › Wayfair (W) › Q3 2026 › vs Q2 2026
Wayfair (W) Q3 2026 vs Q2 2026 (quarter over quarter)
Wayfair's revenue fell $99.0M (-3%) from $3.5B in Q2 2026 to $3.4B in Q3 2026. The biggest changes: U.S. −$85.0M (-3%); International −$14.0M (-4%). Gross margin 29.6% against 30.0% (-0.4 pts).
Wayfair, Q3 2026: revenue $3.4B (+10% year over year), operating margin 3.1%, net earnings $62.0M, operating cash flow $198M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 29.6% | 30.0% | -0.4 pts |
| Operating margin | 3.1% | 3.0% | +0.1 pts |
| Net margin | 1.8% | 0.0% | +1.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| U.S. | $3.0B | $3.1B | −$85.0M | -3% |
| International | $380M | $394M | −$14.0M | -4% |
| Revenue | $3.4B | $3.5B | −$99.0M | -3% |
| Gross profit | $1.0B | $1.1B | −$42.0M | -4% |
| Cost of revenue | $2.4B | $2.5B | −$57.0M | -2% |
| Operating profit | $106M | $104M | $2.0M | +2% |
| Operating expenses | $906M | $950M | −$44.0M | -5% |
| Pre-tax earnings | $65.0M | $2.0M | $63.0M | 32× |
| Other expense, net | $41.0M | $102M | −$61.0M | -60% |
| Net earnings | $62.0M | −$1.0M | $63.0M | — |
| Income tax | $3.0M | $3.0M | $0 | 0% |
| Depreciation & amortization | $64.0M | $64.0M | $0 | 0% |
| Share-based compensation | $65.0M | $69.0M | −$4.0M | -6% |
| Working capital & other | $7.0M | $228M | −$221M | -97% |
| Operating cash flow | $198M | $360M | −$162M | -45% |
Questions
How much did Wayfair's revenue grow quarter over quarter in Q3 2026?
Wayfair's revenue fell $99.0M (-3%) from $3.5B in Q2 2026 to $3.4B in Q3 2026.
What drove Wayfair's revenue change in Q3 2026?
U.S.