Filing Flows › Warby Parker (WRBY) › How it makes money
How Warby Parker (WRBY) makes money
Warby Parker (WRBY) made $245M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Eyewear brought in $198M (81%); Contacts brought in $27.9M (11%); Eye care brought in $18.8M (8%). Of every dollar of revenue, 54¢ was left as gross profit, 1¢ was left as operating profit, 2¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Eyewear | $198M | 80.9% | +3% | +9% |
| Contacts | $27.9M | 11.4% | +5% | +9% |
| Eye care | $18.8M | 7.7% | +9% | +30% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $245M | 100.0% |
| Cost of revenue | $112M | 45.6% |
| Gross profit | $133M | 54.4% |
| Operating expenses | $130M | 53.0% |
| Operating profit | $3.6M | 1.5% |
| Income tax | $563K | 0.2% |
| Net earnings | $5.6M | 2.3% |
| Operating cash flow | $24.7M | 10.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $245M | +10% |
| Q2 2026 | $236M | +10% |
| Q1 2026 | $242M | +8% |
| Q4 2025 | $212M | +11% |
| Q3 2025 | $222M | +15% |
| Q2 2025 | $214M | +14% |
| Q1 2025 | $224M | +12% |
From Warby Parker's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Warby Parker make money?
Warby Parker (WRBY) made $245M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Eyewear brought in $198M (81%); Contacts brought in $27.9M (11%); Eye care brought in $18.8M (8%). Of every dollar of revenue, 54¢ was left as gross profit, 1¢ was left as operating profit, 2¢ was left as net earnings.
What is Warby Parker's biggest business?
Eyewear: $198M in the third quarter 2026, 81% of revenue, +9% from a year earlier.
What is Warby Parker's profit margin?
Net earnings were $5.6M, 2.3% of revenue, in the third quarter 2026; the operating margin was 1.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.