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Wayfair W Operating Lease Liabilities

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Other financials

Income statement

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Revenue$3.5B+7.5%
Gross profit$1.1B+7.1%
Operating income$104.0M+512%
Net income-$1.0M-107%
EPS (diluted)-$0.01-109%

Balance sheet

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Cash & equivalents$1.1B-19.7%
Total debt$2.8B-25.5%
Total equity-$2.8B-2.5%
Total assets$3.0B-9.2%

Cash flow

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Operating cash flow$360.0M+31.9%
CapEx$26.0M+100%
Free cash flow$334.0M+28.5%

Valuation

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Market cap$14.25B+43.4%
Enterprise value$15.99B+29.2%
P/S1.1×+0.3×

Profitability

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Gross margin30.1%-0.2pp
Operating margin1.7%+1.0pp
Net margin-2.5%0.0pp
FCF margin4.4%+1.6pp

Returns & leverage

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Return on equity-380.2%
Debt / equity135.6×
Current ratio0.7×-0.1×

Where this comes from

Reported directly by Wayfair in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLiabilityNoncurrent.

The source filing: Wayfair’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:05 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001616707-26-000113
Line itemMarch 31, 2026December 31, 2025
Other current liabilities961927
Total current liabilities2,0552,129
Long-term debt2,9313,233
Operating lease liabilities, net of current704835
Other non-current liabilities2225
Total liabilities5,7126,222
Commitments and contingencies (Note 5)
Stockholders' deficit:

Item 1. Financial Statements

FAQ

What is Wayfair's operating lease liabilities?
Wayfair (W) reported operating lease liabilities of $704M in Q1 2026.
How has Wayfair's operating lease liabilities changed year-over-year?
Wayfair's operating lease liabilities decreased by 23.0% year-over-year, from $914M to $704M.
What is the long-term trend for Wayfair's operating lease liabilities?
Over 5 years (2020 to 2025), Wayfair's operating lease liabilities has grown at a -0.8% compound annual growth rate (CAGR), from $870M to $835M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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