NYSE$W

Wayfair Inc. · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Wayfair reported Q4 2025 net revenue of $3.3B with an adjusted diluted EPS of $0.85.

Total net revenue grew 6.9% to $3.3 billion (7.8% excluding Germany). GAAP net loss was $116 million ($0.89 per share); adjusted diluted EPS was $0.85 versus a loss of $0.25 a year ago. Adjusted EBITDA was $224 million as active customers stabilized at 21.3 million.

  • Q4 net revenue $3.3B (+6.9% YoY).
  • Adjusted diluted EPS $0.85; adjusted EBITDA $224M.
  • U.S. net revenue $2.9B (+7.4%); orders delivered 11.1M.
  • Management cites share gains in a contracting category.

Headline financials

Total Revenue

$3.34B

Previous: $3.12B+6.9%
EPS (adj)

$0.85

Previous: -$0.25+440.0%
LTM Net Revenue per Customer

$586.00

Previous: $555.00+5.6%
Average Order Value

$301.00

Previous: $290.00+3.8%
Orders per Customer

1.88

Previous: 1.85+1.6%
Repeat Customer Orders %

79.1%

Previous: 79.4%-0.4%
Mobile Orders %

64.9%

Previous: 64.5%+0.6%
Active customers

21.3M

Previous: 21.4M-0.5%
Orders delivered

11.1M

Previous: 10.7M+3.7%
Net Income

-$116M

Previous: -$128M+9.4%
Operating Income

$84M

Previous: -$117M+171.8%
Gross Profit

$1.01B

Previous: $941M+7.3%

Revenue & EPS history

Wayfair · Revenue · Quarterly

$3.34B

Q4 2025+6.9%vs Q4 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Wayfair · $2.94B total across 2 segments · Q3 2023

  • U.S.
    $2.57B+5.4%
  • International
    $372M-7.0%

Forward guidance

The release discusses Wayfair's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Wayfair cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • GAAP profitability remained under pressure in Q4 2025.
  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+1.9%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+3.4%

Avg return

30 days after

50%

23 / 46 earnings

Positive

+40.4%

Q2 2015

Best reaction

-27.1%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-10.4%-13.7%-1.7%
Q4 2025-12.7%-19.2%-20.9%
Q3 2025+23.1%+19.7%+30.2%
Q1 2025+3.5%-0.0%+36.7%
Q4 2024-0.6%-7.5%-27.3%
Q3 2024-2.1%-5.6%+8.0%
Q2 2024-12.2%-20.0%-21.8%
Q1 2024+25.8%+37.6%+17.7%
Q4 2023+7.7%+17.5%+29.8%
Q3 2023+9.6%+8.4%+37.4%
Q2 2023+14.0%+12.2%-1.0%
Q1 2023+28.4%+17.1%+38.1%
Q4 2022-24.9%-18.7%-31.3%
Q3 2022-8.0%-10.2%+18.3%
Q2 2022-3.3%-7.5%-22.9%
Q1 2022-27.1%-35.6%-35.8%
Q4 2021+8.1%+9.2%-5.4%
Q3 2021-8.4%-6.8%-12.8%
Q2 2021+5.1%+13.6%+9.0%
Q1 2021+12.7%+20.3%+18.5%
Q4 2020+12.0%+24.0%+33.1%
Q3 2020+5.7%+17.8%-6.2%
Q2 2020+7.5%+2.5%-10.3%
Q1 2020+34.8%+40.2%+32.4%
Q4 2019-12.2%-12.8%-34.2%
Q3 2019-17.2%-19.4%-16.0%
Q2 2019-2.9%-6.5%-14.0%
Q1 2019-9.0%-10.8%-11.9%
Q4 2018+36.7%+39.7%+35.1%
Q3 2018-15.7%-15.2%-3.7%
Q2 2018+4.1%+7.2%+26.1%
Q1 2018+16.9%+26.1%+45.8%
Q4 2017-21.4%-20.3%-29.4%
Q3 2017-9.3%-19.0%-5.6%
Q2 2017-9.6%-13.5%-8.4%
Q1 2017+25.5%+18.7%+43.1%
Q4 2016-4.8%-8.4%-7.0%
Q3 2016+1.1%+6.1%+14.7%
Q2 2016-21.8%-19.2%-14.2%
Q1 2016+7.5%
Q4 2015+2.0%
Q3 2015-9.3%
Q2 2015+40.4%
Q1 2015-2.6%
Q4 2014+10.0%
Q3 2014-9.0%
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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