Wix.com Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St

February 20, 2025

Wix.com (NASDAQ:WIX) Full Year 2024 Results

Key Financial Results

Revenue: US$1.76b (up 13% from FY 2023).
Net income: US$138.3m (up 317% from FY 2023).
Profit margin: 7.9% (up from 2.1% in FY 2023). The increase in margin was driven by higher revenue.
EPS: US$2.49 (up from US$0.58 in FY 2023).

revenue-and-expenses-breakdown — NasdaqGS:WIX Revenue and Expenses Breakdown February 20th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Wix.com EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.6%.

In the last 12 months, the only revenue segment was Internet Software & Services contributing US$1.76b. The largest operating expense was Research & Development (R&D) costs, amounting to US$495.3m (45% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$38.2m. Explore how WIX's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are down 6.0% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Wix.com you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.