The massive non-GAAP EPS beat is largely a function of acquisition-related add-backs and a 30% lower share count post-tender — not operational leverage. The GAAP operating loss (-$69.7M) and cautious commentary on Partners headwinds and FX pressure suggest underlying momentum is softer than headline EPS implies. Watch Q2 revenue growth trajectory and whether Partners business recovers; the maintained full-year guidance provides a floor but leaves little room for further deterioration.
Price Chart
Executive Summary
Wix reported Q1 2026 revenue of $541.2M (+14% YoY) and non-GAAP EPS of $0.68, significantly beating the $1.22 consensus on a GAAP basis (GAAP net loss of $57.5M). The company maintained full-year mid-teens growth guidance despite a softer start in Partners business, while completing a $1.6B tender offer that repurchased ~30% of shares. The massive EPS beat vs consensus is driven by non-GAAP adjustments and a lower share count post-tender, but GAAP operating loss and cautious guidance on Partners headwinds temper the headline surprise.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $541.2M, +14% YoY (vs consensus $544.0M — slight miss)
- Non-GAAP diluted EPS $0.68 (vs consensus $1.22 — 44% beat on non-GAAP basis; GAAP EPS -$1.02)
- GAAP net loss $57.5M vs $33.8M profit in Q1 2025, driven by $37.9M acquisition-related expenses
- Total bookings $585.0M, +15% YoY; Creative Subscriptions bookings +13%, Business Solutions +18%
- Total ARR $1.903B, +15% YoY
- Free cash flow $75.0M (excluding acquisition costs: $112.3M, 21% of revenue)
- Completed $1.6B modified Dutch Auction tender, repurchasing ~17.5M shares (~30% of outstanding)
- Maintained full-year 2026 guidance: mid-teens revenue and bookings growth; Q2 also mid-teens
- Partners business had slower start; Israel shekel strength creates ~$64M operating expense headwind
- New user cohort bookings up ~46% YoY; Base44 contributed ~$150M ARR as of May
Financial Impact
Revenue $541.2M vs $544.0M consensus (-0.5% miss); non-GAAP EPS $0.68 vs $1.22 consensus (44% beat on non-GAAP); GAAP net loss $57.5M vs prior-year profit $33.8M
Risk Factors
- GAAP operating loss widened to -$69.7M from +$37.4M a year ago, driven by $37.9M acquisition costs and higher R&D/S&M spend
- Partners business growth deceleration and Israel shekel FX headwind (~$64M) could pressure H2 margins
- Massive share repurchase ($1.6B) consumed most of cash reserves; cash dropped from $1.16B to $1.34B despite $260M private placement
- Non-GAAP gross margin declined to 66% from 69% YoY, indicating cost pressure from AI investments and Base44 integration
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3293644 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Press Release | $82.58 $78.49 | ▼ −4.95% | ▼ −5.77% | $72.62 (−12.06%) |
Sep 14, 2026 18d ago | Press Release | $83.33 $83.53 | ▲ +0.24% | ▲ +0.13% | $72.62 (−12.85%) |
Sep 10, 2026 22d ago | Press Release | $75.52 $79.90 | ▼ −5.80% | ▼ −6.30% | $72.62 (+3.84%) |
Sep 9, 2026 23d ago | Press Release | $75.52 $79.90 | ▼ −5.80% | ▼ −6.30% | $72.62 (+3.84%) |
Sep 2, 2026 4w ago | Insider Cluster | $86.69 $75.52 | ▼ −12.88% | ▼ −11.93% | $72.62 (−16.23%) |
Aug 28, 2026 5w ago | Press Release | $87.62 $76.21 | ▲ +13.02% | ▲ +13.13% | $72.62 (+17.12%) |
Aug 26, 2026 5w ago | Press Release | $85.76 $86.69 | ▼ −1.08% | ▼ −1.85% | $72.62 (+15.32%) |
Aug 24, 2026 5w ago | Press Release | $84.42 $88.25 | ▲ +4.54% | ▲ +4.07% | $72.62 (−13.98%) |
Aug 20, 2026 6w ago | Press Release | $82.47 $85.76 | ▼ −3.99% | ▼ −2.87% | $72.62 (+11.94%) |
Aug 14, 2026 7w ago | Press Release | $74.13 $82.07 | ▼ −10.71% | ▼ −12.08% | $72.62 (+2.04%) |
US Market Status
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