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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$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$14.73B+48.2%
Enterprise value$16.47B+33.1%
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:CostOfGoodsAndServicesSold.

The source filing: Wayfair’s 10-K, filed February 19, 2026.

Filed
Feb 19, 2026, 4:08 PM EST
Fiscal year
FY2025
Accession
0001616707-26-000027
Line itemYear Ended December 31, 2025Year Ended December 31, 20242023
Net revenue$12,457$11,851$12,003
Cost of goods sold8,6928,2778,336
Gross profit3,7653,5743,667
Operating expenses:
Customer service and merchant fees471470557
Advertising1,4251,4721,397
Selling, operations, technology, general and administrative1,7761,9772,447
Impairment and other related net charges233714

Item 8. Financial Statements and Supplementary Data

FAQ

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?
This metric represents the direct costs attributable to the production, procurement, and delivery of goods within the shipping and fulfillment segment. It encompasses the expenses directly tied to the movement of inventory, including freight, warehousing, and logistics costs required to fulfill customer orders. Monitoring this figure provides insight into the operational efficiency of the supply chain and the direct cost burden of the company's fulfillment model.

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