Wayfair achieved a net revenue of $2.9b (up 7.4% YoY) in its Q1 ended 31st March 2026. Of that, international net revenue stood at $319m (up 6% YoY).
The US-based ecommerce giant reported a gross profit of $880m, yet ultimately reported a net loss of $105m, and non-GAAP adjusted EBITDA of $151m.
"Our strong revenue performance in Q1 translated to noteworthy profitability," says Niraj Shah, Wayfair's CEO, co-founder and co-chairman. "Our 5.2% adjusted EBITDA margin in the first quarter is the best Q1 result we've delivered in five years and approaches what we reported in the first quarter of 2021.
"Our plan remains consistent – increasingly outperform the category to drive topline growth, flow that growth through in a manner that maximises EBITDA dollars and grows them faster than revenue, and deploy our excess cash to manage both our upcoming maturities and dilution.
"While the home furnishings category experienced a choppy start to the year, we outperformed the market by a high single-digit spread in the first quarter, based on our estimates.
"Our scale enables us to deliver a customer experience that is difficult to replicate, supported by years of investment in our core offering, global logistics network and technology platform. We are particularly encouraged by the pace at which our share gains are accelerating and remain excited about the opportunity ahead."
The number of customers shopping with Wayfair grew 1.4% YoY by the end of Q1, to 21.4 million. The AOV was $312, compared to $301 in Q1 2025.
