v3.26.1
Segment and Geographic Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Activity Related to Net Revenue and Adjusted EBITDA by Segment
The following tables present net revenue, significant segment expenses and Adjusted EBITDA attributable to Wayfair’s reportable segments for the periods presented:
Three Months Ended June 30,
20262025
(in millions)
U.S.InternationalTotalU.S.InternationalTotal
Net revenue$3,125 $394 $3,519 $2,874 $399 $3,273 
Less:
Cost of goods sold (1)
2,147 308 2,455 1,971 305 2,276 
Advertising348 44 392 326 46 372 
Other segment items (2)
369 61 430 353 67 420 
Adjusted EBITDA$261 $(19)$242 $224 $(19)$205 
Less: reconciling items (3)
243 190 
Net (loss) income$(1)$15 
Six Months Ended June 30,
20262025
(in millions)
U.S.InternationalTotalU.S.InternationalTotal
Net revenue$5,737$713 $6,450$5,303$700 $6,003
Less:
Cost of goods sold (1)
3,958537 4,4953,657498 4,155
Advertising64279 72163284 716 
Other segment items (2)
715126 841695126 821 
Adjusted EBITDA$422$(29)$393$319$(8)$311
Less: reconciling items (3)
499 409 
Net loss$(106)$(98)
(1)
Cost of goods sold excludes costs that are excluded from Wayfair's evaluation of segment performance. Excluded from Wayfair's evaluation of segment performance and from cost of goods sold are depreciation and amortization and equity-based compensation and related taxes.
(2)
Other segment items include customer service and merchant fees and selling, operations, technology, general and administrative, and exclude any costs that are excluded from Wayfair's evaluation of segment performance. Excluded from Wayfair's evaluation of segment performance and from other segment items are depreciation and amortization, equity-based compensation and related taxes, interest income or expense, net, other income or expense, net, provision or benefit for income taxes, net, non-recurring items and other items that Wayfair believes are not indicative of core operating performance.
(3) The following adjustments are made to reconcile total reportable segments Adjusted EBITDA to consolidated net (loss) income:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in millions)
Depreciation and amortization$64 $78 $131 $159 
Equity-based compensation and related taxes72 101 143 169 
Interest expense, net39 29 78 52 
Other expense (income), net4 (23)15 (33)
Provision for income taxes, net3 2 4 5 
Other:
Impairment and other related net charges (a)
2 — 2 23
Restructuring and other charges, net (b)
— 9 24 65 
Loss (gain) on debt extinguishment, net (c)
59 (6)102 (31)
Total reconciling items$243 $190 $499 $409 
(a)
During the three and six months ended June 30, 2026, Wayfair recorded $2 million impairment associated with its decision to exit a customer service center in the U.S. During the six months ended June 30, 2025, Wayfair recorded net charges of $23 million, inclusive of $20 million associated with the Germany Restructuring and weakened macroeconomic conditions in connection with our Germany operations and, $3 million related to changes in sublease market conditions for a technology center in the U.S.
(b)
During the six months ended June 30, 2026, Wayfair incurred $24 million of charges related to a loss on termination of an operating lease for a logistics facility. During the three and six months ended June 30, 2025, Wayfair incurred $9 million and $65 million, respectively, of charges consisting primarily of one-time employee severance, benefits, relocation and transition costs. This is inclusive of $46 million related to the Germany Restructuring and $19 million related to the March 2025 workforce reduction. Wayfair does not expect to incur any further material charges related to this workforce reduction.
(c)
During the three and six months ended June 30, 2026, Wayfair recorded a $59 million and $102 million, respectively, loss on debt extinguishment upon repurchase of $145 million in aggregate principal amount of the 2028 Notes. During the three and six months ended June 30, 2025, Wayfair recorded a $6 million and $31 million, respectively, gain on debt extinguishment upon repurchase of $80 million in aggregate principal amount of the 2025 Notes and $696 million in aggregate principal amount of the 2026 Notes.
Schedule of Long-Lived Assets by Geographic Areas
The following table presents long-lived assets attributable to Wayfair's reportable segments reconciled to the consolidated amounts:
June 30,
2026		December 31,
2025
(in millions)
Geographic long-lived assets:
U.S.$601 $695 
International251 273 
Total reportable segment long-lived assets852 968 
Plus: reconciling corporate long-lived assets382 410 
Total long-lived assets$1,234 $1,378 
Schedule of Reconciliation of Assets from Segment to Consolidated
The following table presents total assets attributable to Wayfair's reportable segments reconciled to consolidated amounts:
June 30,
2026		December 31,
2025
(in millions)
Assets by segment:
U.S.$1,092 $1,107 
International302 319 
Total reportable segment assets1,394 1,426 
Plus: reconciling corporate assets1,584 2,014 
Total assets$2,978 $3,440