Cash, Cash Equivalents and Restricted Cash, Investments and Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

The following table presents details of Wayfair’s investment securities as of June 30, 2026 and December 31, 2025:


	June 30, 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(in millions)
Short-term:
Investment securities	$	78	$	—	$	—	$	78


Total	$	78	$	—	$	—	$	78


	December 31, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(in millions)
Short-term:
Investment securities	$	66	$	—	$	—	$	66


Total	$	66	$	—	$	—	$	66

Schedule of the Fair Value of the Company's Financial Assets Measured at Fair Value on a Recurring Basis Based on the Three-tier Value Hierarchy

The following tables set forth the fair value of Wayfair's financial assets measured at fair value on a recurring basis as of June 30, 2026 and December 31, 2025:


	June 30, 2026
	Level 1		Level 2		Level 3		Total

	(in millions)
Cash and cash equivalents:
Cash	$	428	$	—	$	—	$	428
Cash equivalents	637		—		—		637
Total cash and cash equivalents(1)	1,065		—		—		1,065
Short-term investments:
Investment securities	—		78		—		78






Total	$	1,065	$	78	$	—	$	1,143

(1) Cash and cash equivalents are included in the tables above; however, they are not measured at fair value on a recurring basis, and their carrying amounts approximate fair value.


	December 31, 2025
	Level 1		Level 2		Level 3		Total

	(in millions)
Cash and cash equivalents:
Cash	$	617	$	—	$	—	$	617
Cash equivalents	859		—		—		859
Total cash and cash equivalents	1,476		—		—		1,476
Short-term investments:
Investment securities	—		66		—		66




Total	$	1,476	$	66	$	—	$	1,542