Filing Flows › Wayfair (W) › Q3 2026 › vs Q3 2025
Wayfair (W) Q3 2026 vs Q3 2025 (year over year)
Wayfair's revenue rose $303M (+10%) from $3.1B in Q3 2025 to $3.4B in Q3 2026. The biggest changes: U.S. +$312M (+11%); International −$9.0M (-2%). 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 29.6% | 30.0% | -0.4 pts |
| Operating margin | 3.1% | 1.2% | +1.9 pts |
| Net margin | 1.8% | -3.2% | +5.0 pts |
| Free cash flow margin | 4.0% | 3.0% | +1.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| U.S. | $3.0B | $2.7B | $312M | +11% |
| International | $380M | $389M | −$9.0M | -2% |
| Revenue | $3.4B | $3.1B | $303M | +10% |
| Gross profit | $1.0B | $934M | $78.0M | +8% |
| Cost of revenue | $2.4B | $2.2B | $225M | +10% |
| Operating profit | $106M | $38.0M | $68.0M | +179% |
| Operating expenses | $906M | $896M | $10.0M | +1% |
| Pre-tax earnings | $65.0M | −$97.0M | $162M | — |
| Other expense, net | $41.0M | $135M | −$94.0M | -70% |
| Net earnings | $62.0M | −$99.0M | $161M | — |
| Income tax | $3.0M | $2.0M | $1.0M | +50% |
| Depreciation & amortization | $64.0M | $75.0M | −$11.0M | -15% |
| Share-based compensation | $65.0M | $88.0M | −$23.0M | -26% |
| Working capital & other | $7.0M | $91.0M | −$84.0M | -92% |
| Operating cash flow | $198M | $155M | $43.0M | +28% |
| Free Cash Flow (company-reported) | $136M | $93.0M | $43.0M | +46% |
| Site and software development costs | $32.0M | $35.0M | −$3.0M | -9% |
| Purchase of property and equipment | $30.0M | $27.0M | $3.0M | +11% |
Questions
How much did Wayfair's revenue grow year over year in Q3 2026?
Wayfair's revenue rose $303M (+10%) from $3.1B in Q3 2025 to $3.4B in Q3 2026.
What drove Wayfair's revenue change in Q3 2026?
U.S.