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Wayfair W Customer service and merchant fees

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Other financials

Income statement

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Revenue$2.9B+7.4%
Gross profit$880.0M+5.1%
Operating income-$11.0M+91.0%
Net income-$105.0M+7.1%
EPS (diluted)-$0.80+10.1%

Balance sheet

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Cash & equivalents$1.0B-25.0%
Total debt$3.6B-7.1%
Total equity-$2.8B-1.2%
Total assets$2.9B-16.1%

Cash flow

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Operating cash flow-$52.0M+45.8%
CapEx$25.0M+400%
Free cash flow-$77.0M+23.8%

Valuation

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Market cap$11.68B+142%
Enterprise value$14.32B+87.7%
P/S0.9×+0.5×

Profitability

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Gross margin30.1%-0.2pp
Operating margin1%+0.6pp
Net margin-2.4%-0.4pp
FCF margin3.9%+1.4pp

Returns & leverage

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Return on equity-380.2%
Debt / equity135.6×
Current ratio0.8×-0.1×

Where this comes from

Reported directly by Wayfair in its filing.

Tagged under the XBRL concept w:CustomerServiceAndMerchantFees.

The official record: Wayfair’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wayfair's customer service and merchant fees?
Wayfair (W) reported customer service and merchant fees of $114M in Q1 2026.
How has Wayfair's customer service and merchant fees changed year-over-year?
Wayfair's customer service and merchant fees increased by 6.5% year-over-year, from $107M to $114M.
What is the long-term trend for Wayfair's customer service and merchant fees?
Over 4 years (2021 to 2025), Wayfair's customer service and merchant fees has grown at a -5.2% compound annual growth rate (CAGR), from $584M to $471M.
What does customer service and merchant fees mean?
The costs of supporting customers and processing their payments.
How do you interpret customer service and merchant fees?
Rising costs relative to revenue may indicate inefficiencies in support operations or higher payment processing fees, while a decrease suggests improved automation or scale.
How does customer service and merchant fees compare across companies?
Standard operating expense category for e-commerce platforms and digital marketplaces.