v3.26.1
Debt and Other Financing (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Outstanding Principal and Carrying Value
The following table presents the outstanding principal amount and carrying value of debt and other financing:
June 30, 2026December 31, 2025
Debt InstrumentPrincipal AmountUnamortized Debt DiscountNet Carrying AmountPrincipal AmountUnamortized Debt DiscountNet Carrying Amount
(in millions)
Revolving Credit Facility$— $— 
2026 Notes39 — 39 39 — 39 
2027 Notes229 (2)227 480 (3)477 
2028 Notes— — — 589 (6)583 
2029 Secured Notes800 (10)790 800 (11)789 
2030 Secured Notes700 (7)693 700 (8)692 
2032 Secured Notes700 (8)692 700(8)692 
2034 Secured Notes400 (5)395 — — — 
Total Debt$2,836 $3,272 
Short-term debt (1)
39 39 
Long-term debt$2,797 $3,233 
(1) Short-term debt consists of $39 million for the 2026 Notes (as defined below) as of both June 30, 2026 and December 31, 2025. Short-term debt is presented within other current liabilities in the condensed consolidated balance sheets.
Schedule of Convertible Notes
The following table summarizes certain terms related to the Company’s current outstanding Senior Secured Notes:
Senior Secured NotesMaturity DateAnnual Coupon RateAnnual Effective Interest RatePayment Dates for Semi-Annual Interest Payments in Arrears
2029 Secured NotesOctober 31, 20297.250%7.5%April 15 and October 15
2030 Secured NotesSeptember 15, 20307.750%7.9%March 15 and September 15
2032 Secured NotesNovember 15, 20326.750%6.8%May 15 and November 15
2034 Secured NotesMay 31, 20347.125%7.2%May 15 and November 15
The following table summarizes certain terms related to the Company’s current outstanding Convertible Notes:
Convertible NotesMaturity DateAnnual Coupon RateAnnual Effective Interest RatePayment Dates for Semi-Annual Interest Payments in Arrears
2026 NotesAugust 15, 20261.000%1.2%February 15 and August 15
2027 NotesSeptember 15, 20273.250%3.6%March 15 and September 15
Wayfair's Convertible Notes will mature at their maturity date unless earlier purchased, redeemed or converted. The Convertible Notes’ initial conversion terms are summarized below:
Convertible NotesMaturity DateFree Convertibility DateInitial Conversion Rate per $1,000 PrincipalInitial Conversion PriceRedemption Date
2026 NotesAugust 15, 2026May 15, 20266.7349$148.48August 20, 2023
2027 NotesSeptember 15, 2027June 15, 202715.7597$63.45September 20, 2025
Schedule of Initial Terms for Capped Calls
The initial terms for the Capped Calls are presented below:
Capped CallsMaturity DateInitial Cap PriceCap Price Premium
2027 Capped CallsSeptember 15, 2027$97.62100%
2028 Capped CallsNovember 15, 2028$73.28100%