Wayfair Q2 2026 earnings: best U.S. growth since pandemic

Wayfair reported second-quarter results connected Tuesday that surpassed expert expectations, with U.S. gross increasing 8.7% — the strongest show successful the home marketplace since the pandemic-era surge of 2020.

U.S. nett gross reached $3.1 cardinal successful the 3 months ended June 30, up from $2.9 cardinal a twelvemonth earlier. Total nett gross came successful astatine $3.52 billion, up 7.5% twelvemonth implicit year. Wall Street had expected gross of $3.47 billion, according to CNBC.

On a per-share basis, Wayfair reported a GAAP nonaccomplishment of 1 cent. Adjusted net came successful astatine 95 cents per share. Analysts had expected adjusted net of 89 cents per share.

Shares of Wayfair surged 18% successful premarket trading connected the results.

Adjusted EBITDA reached $242 cardinal during the quarter, supra expert estimates of $230 million. Free currency travel deed $301 cardinal — besides the strongest since 2020, the institution said.

The institution fulfilled 10.6 cardinal orders successful the quarter, reflecting a 6% year-over-year rise, and its progressive lawsuit basal expanded 3.3% to scope 21.7 million. Average bid worth was $332, up from $328 successful the aforesaid play a twelvemonth earlier.

CEO and co-founder Niraj Shah pointed to gains successful the company's higher-end brands arsenic a operator of results. "We saw noteworthy outperformance from our specialty retail brands, which grew by astir 20% successful the 2nd quarter, and Perigold, which grew by much than 35%," Shah said successful a statement.

In a CNBC interview, CFO Kate Gulliver credited the company's gains to shoppers it has drawn distant from accepted brick-and-mortar retailers, adjacent arsenic a "stalled" lodging marketplace continues to measurement connected the broader category.

International nett gross slipped 1.3% to $394 million, portion the U.S. conception drove each of the company's top-line momentum. U.S. adjusted EBITDA was $261 million, compared with $224 cardinal a twelvemonth earlier.

Shah said successful the net merchandise that gross maturation successful the U.S. was the champion seen successful the full post-COVID period, with the institution holding a precocious single-digit marketplace stock dispersed since past fall. He added that the institution expects further acceleration arsenic its initiatives play out.