Wix.com (Wix.com) Gross Profit : $1,049 Mil (TTM As of Dec. 2023)

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What is Wix.com Gross Profit?

Wix.com's gross profit for the three months ended in Dec. 2023 was $278 Mil. Wix.com's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $1,049 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Wix.com's gross profit for the three months ended in Dec. 2023 was $278 Mil. Wix.com's Revenue for the three months ended in Dec. 2023 was $404 Mil. Therefore, Wix.com's Gross Margin % for the quarter that ended in Dec. 2023 was 68.77%.

Wix.com had a gross margin of 68.77% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Wix.com was 84.39%. The lowest was 61.52%. And the median was 76.63%.

Warning Sign:

Wix.com Ltd gross margin has been in long-term decline. The average rate of decline per year is -4.1%.

Wix.com Gross Profit Historical Data

The historical data trend for Wix.com's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Wix.com Gross Profit Chart

Wix.com Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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562.85

671.35

781.08

861.44

1,049.14

Wix.com Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															226.28	244.60	262.08	264.80	277.66

Competitive Comparison of Wix.com's Gross Profit

For the Software - Infrastructure subindustry, Wix.com's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Wix.com's Gross Profit Distribution in the Software Industry

For the Software industry and Technology sector, Wix.com's Gross Profit distribution charts can be found below:

* The bar in red indicates where Wix.com's Gross Profit falls into.

Wix.com Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Wix.com's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	1561.665	-	512.528
	=	1,049

Wix.com's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	403.771	-	126.113
	=	278

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,049 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Wix.com's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	278	/	403.771
	=	68.77 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Wix.com (NAS:WIX) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Wix.com had a gross margin of 68.77% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Wix.com Gross Profit Related Terms

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Wix.com (Wix.com) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wix.com Ltd (NAS:WIX) » Definitions » Gross Profit

Comparable Companies

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Traded in Other Exchanges

WIX:Mexico W1X:Germany W1IX34:Brazil

Address

5 Yunitsman St., Tel Aviv, ISR, 6936025

Website

https://www.wix.com

Wix.com Ltd is a cloud-based development platform provider for millions of registered users worldwide. The company is engaged in web development and management that provides an easy-to-use powerful cloud-based platform of products through a freemium model. Its core products consist of three web editors: the Wix Editor, intended for users with basic technological skills, Wix ADI, intended for novice users and Corvid, intended for more tech-savvy users. The company's web development technology is built based on HTML5 and offers HTML5 compatible capabilities, web design and layout tools, domain hosting, and other marketing and workflow management applications and services. The geographic segments include North America, Europe, Latin America, Asia and others.