Quarterly ResultMay 13, 2026, 01:02 AM
Wix Q1 Revenue $541M, Bookings $585M; Repurchases 30% Shares
AI Summary
Wix.com Ltd. reported strong first-quarter 2026 financial results, with revenue increasing 14% year-over-year to $541.2 million and bookings up 15% to $585.0 million. The company completed a significant capital allocation move, repurchasing approximately 30% of its outstanding shares for $1.6 billion in early April. Key drivers included new user cohort momentum, particularly from Base44, and advancements in AI with Wix Harmony now powered by a proprietary AI model. Wix reiterated its full-year 2026 outlook for mid-teens bookings and revenue growth, despite some near-term challenges.
Key Highlights
- Repurchased ~30% of outstanding shares for ~$1.6 billion in April.
- Q1 2026 revenue grew 14% YoY to $541.2 million.
- Q1 2026 bookings increased 15% YoY to $585.0 million.
- New user cohort bookings surged ~46% year-over-year.
- Total ARR reached $1.903 billion, up 15% YoY.
- Non-GAAP net income was $42.5 million, or $0.68 diluted EPS.
- Free cash flow was $75.0 million; $112.3 million excluding acquisition costs.
- Reiterated full-year 2026 mid-teens bookings and revenue growth.