v3.26.1
Equity-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Activity Relating to Restricted Stock Units
The following table presents activity relating to RSUs for the six months ended June 30, 2026:
SharesWeighted-Average
Grant Date
Fair Value
Unvested at December 31, 2025
819,645 $94.73 
RSUs granted3,747,823 $67.32 
RSUs vested (1)
(1,330,330)$87.95 
RSUs forfeited/canceled(74,525)$64.46 
Unvested at June 30, 2026
3,162,613 $65.81 
(1) The amount of RSUs vested includes shares withheld by Wayfair to cover taxes.
The following table summarizes activity for the six months ended June 30, 2026 and 2025:         
Six Months Ended June 30,
20262025
Weighted average grant date fair value of RSUs$67.32 $41.65 
Total fair value of vested RSUs (in millions)$117 $165 
Intrinsic value of RSUs vested (in millions)$121 $125 
Schedule of Share-Based Payment Arrangement, Performance Shares, Activity
The following table summarizes activity for the six months ended June 30, 2026:
SharesWeighted-Average
Grant Date
Fair Value
Unvested at December 31, 2025
5,000,000 $56.11 
PSUs granted— — 
PSUs vested— — 
PSUs forfeited/cancelled— — 
Unvested at June 30, 2026
5,000,000 $56.11 
Schedule of Equity-Based Compensation
Equity-based compensation was classified as follows in the condensed consolidated statements of operations for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in millions)
Cost of goods sold$$$$
Customer service and merchant fees
Selling, operations, technology, general and administrative64 94 128 153 
Total equity-based compensation expense$69 $100 $136 $164