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Wayfair W Products & Services — Cost of goods sold

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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 us-gaap:CostOfGoodsAndServicesSold.

The official record: Wayfair’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wayfair's products & services — cost of goods sold?
Wayfair (W) reported products & services — cost of goods sold of $500M in Q4 2025.
How has Wayfair's products & services — cost of goods sold changed year-over-year?
Wayfair's products & services — cost of goods sold increased by 5.3% year-over-year, from $475M to $500M.
What is the long-term trend for Wayfair's products & services — cost of goods sold?
Over 4 years (2021 to 2025), Wayfair's products & services — cost of goods sold has grown at a -1.2% compound annual growth rate (CAGR), from $2.1B to $2B.
What does products & services — cost of goods sold mean?
The total direct costs incurred to store, handle, and deliver products to customers.
How do you interpret products & services — cost of goods sold?
An increase relative to revenue may indicate rising logistics costs or supply chain inefficiencies, while a decrease suggests improved operational leverage or better cost management in fulfillment processes.
How does products & services — cost of goods sold compare across companies?
Comparable to cost of revenue or fulfillment expenses reported by other large-scale e-commerce retailers and logistics-heavy platforms.