Wix
- Users113.9 MQ3, 2017
- Revenue$1.3 BFY, 2021
- Market Capitalization$3.5 B2022-08-01
OverviewSuggest Edit
Wix is a company that provides a cloud-based web development platform that allows users to create web sites and mobile sites through the use of their online tools. It offers functionalities such as social plug-ins, e-commerce, contact forms, e-mail marketing, and community forums that may be added to websites using a variety of Wix-developed and third-party applications.
| Type | Public | |
| Founded | 2006 | |
| HQ | Tel Aviv, IL | Map |
| Website | wix.com | |
| Employee Ratings | ||
| Overall Culture | A+ | More |
Recent NewsAll News
- Wix Unveils New Editor Experience with Leading-Edge AI and Advanced Features for the Next Generation of Web Creation
- Wix to Announce Second Quarter 2022 Results on August 10, 2022
- Pre-workout Supplement Payment Gateway Integrations for Shopify, WooCommerce, and Wix Announced by Organic Payment Gateways
- Pre-workout Supplement Payment Gateway Integrations for Shopify, WooCommerce, and Wix Announced by Organic Payment Gateways
Key People/Management at Wix
Avishai Abrahami
Co-founder, Chief Executive Officer, Director and Honorary Chairman
Hagit Kaufman
VP Design & Brand
Nir Zohar
President and Chief Operating Officer
Giora Kaplan
Co-Founder
Lior Shemesh
Chief Financial Officer
Yaniv Even-Haim
Chief Technology Officer
Wix Office Locations
Wix has offices in Tel Aviv, Los Angeles, Miami Beach, New York and in 8 other locations
Tel Aviv, IL (HQ)
40 Namal Tel-Aviv st.
Dublin, IE
1 Grant's Row
Dublin 2, IE
The Reflector, 10 Hanover Quay
Shibuya City, JP
5-chōme-27-5 Sendagaya
Vilnius, LT
Rūdninkų g. 2
Kraków, PL
Mogilska 65
Wix Financials and Metrics
Wix Revenue
Wix's revenue was reported to be $1.27 b in FY, 2021
| USD | |
|---|---|
Revenue (Q1, 2022) | 341.6m |
Gross profit (Q1, 2022) | 212.0m |
Gross profit margin (Q1, 2022), % | 62% |
Net income (Q1, 2022) | (227.3m) |
EBITDA (Q1, 2022) | (110.3m) |
EBIT (Q1, 2022) | (115.4m) |
Market capitalization (1-Aug-2022) | 3.5b |
Closing stock price (1-Aug-2022) | 60.6 |
Cash (31-Mar-2022) | 386.6m |
EV | 4.0b |
Wix's current market capitalization is $3.5 b.
Annual
| USD | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Revenue | 603.7m | 761.1m | 988.8m | 1.3b |
Cost of goods sold | (115.4m) | (180.2m) | (298.5m) | (469.7m) |
Gross profit | 488.3m | 580.9m | 690.2m | 800.0m |
Gross profit Margin, % | 81% | 76% | 70% | 63% |
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 174.3m | 185.4m | 196.8m | 216.0m | 236.1m | 254.2m | 304.1m | 316.4m | 320.8m | 341.6m |
Cost of goods sold | (36.3m) | (43.0m) | (49.4m) | (57.9m) | (66.4m) | (75.3m) | (111.8m) | (117.2m) | (115.9m) | (129.6m) |
Gross profit | 138.0m | 142.4m | 147.4m | 158.1m | 169.7m | 178.9m | 192.3m | 199.2m | 204.9m | 212.0m |
Gross profit Margin, % | 79% | 77% | 75% | 73% | 72% | 70% | 63% | 63% | 64% | 62% |
Annual
| USD | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Cash | 331.1m | 268.1m | 168.9m | 451.4m |
Accounts Receivable | 13.5m | 17.0m | 23.7m | 30.4m |
Prepaid Expenses | 5.3m | 8.5m | 14.0m | 16.7m |
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 348.1m | 351.5m | 283.2m | 191.3m | 174.0m | 158.5m | 415.8m | 362.3m | 287.2m | 386.6m |
Accounts Receivable | 18.4m | 18.2m | 16.2m | 17.1m | 18.8m | 23.2m | 29.9m | 29.4m | 28.0m | 42.0m |
Prepaid Expenses | 19.5m | 25.8m | 27.2m | 40.6m | 49.9m | 57.5m | 75.9m | 37.3m | 36.4m | 55.3m |
Annual
| USD | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Net Income | (37.1m) | (86.4m) | (165.2m) | (117.2m) |
Depreciation and Amortization | 11.5m | 16.7m | 17.2m | 18.9m |
Accounts Payable | 10.9m | (7.6m) | 42.0m | 26.6m |
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (30.7m) | (47.5m) | (64.8m) | (39.2m) | (96.9m) | (153.7m) | (121.8m) | (22.9m) | (6.2m) | (227.3m) |
Depreciation and Amortization | 3.4m | 7.1m | 11.0m | 4.1m | 8.2m | 12.8m | 4.0m | 8.3m | 14.9m | 5.1m |
Accounts Payable | 4.6m | 1.3m | 3.6m | 8.8m | 35.0m | 31.6m | (3.3m) | (1.0m) | 5.7m | 21.7m |
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 294.1k |
Debt/Equity | 2.2 x |
Debt/Assets | 0.4 x |
Financial Leverage | 5.5 x |
Wix Operating Metrics
Wix's Users was reported to be 113.9 m in Q3, 2017.
| Q1, 2014 | Q2, 2014 | Q3, 2014 | Q4, 2014 | FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q4, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q4, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Users | 46.22 m | 50.25 m | 54.11 m | 57.95 m | 62.51 m | 67.51 m | 72.29 m | 76.97 m | 82.27 m | 87.41 m | 92.37 m | 97.36 m | 103 m | 108.74 m | 113.92 m | |||
Premium Subscriptions | 908 k | 1.02 m | 1.13 m | 1.23 m | 1.37 m | 1.5 m | 1.64 m | 1.77 m | 1.94 m | 2.12 m | 2.29 m | 2.47 m | 2.7 m | 2.87 m | 3.05 m | |||
Collections | $37.52 m | $39.88 m | $44.59 m | $49.28 m | $171.26 m | $55.87 m | $57.37 m | $61.58 m | $66.87 m | $241.69 m | $75.69 m | $81.45 m | $87.27 m | $97.65 m | $342.07 m | $114.5 m | $117.12 m | $120.12 m |
Wix Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| deviantART | February 23, 2017 | $36 m |
Wix Revenue Breakdown
Wix revenue breakdown by business segment: 74.8% from CREATIVE SUBSCRIPTION and 25.2% from BUSINESS SOLUTIONS
Wix revenue breakdown by geographic segment: 11.2% from NORTH AMERICA (EXCEPT USA), 26.4% from EUROPE, 11.7% from ASIA AND OTHERS, 46.4% from UNITED STATES and 4.4% from Other
Wix Cybersecurity Score
Wix Environment, Social & Governance (ESG) Ratings
Wix Online and Social Media Presence
419.18k Twitter followers
Wix has 419.18k Twitter Followers. The number of followers has increased 0.2% month over month and increased 0.4% quarter over quarter
Wix's Trends
Twitter Engagement Stats for @Wix
89.4k
Tweets
3.7k
Following
419.2k
Followers
94
Tweets last 30 days
5.5
Avg. likes per Tweet
67%
Tweets with engagement
Wix Company Culture
Overall Culture
A+
81/100
CEO Rating
A+
85/100
Compensation
B-
69/100
Diversity
A-
77/100
Wix News and Updates
July 28, 2022
Wix Unveils New Editor Experience with Leading-Edge AI and Advanced Features for the Next Generation of Web Creation
Combining the company's two flagship editors, Wix Artificial Design Intelligence (ADI) and the classic Wix Editor, the new Wix Editor provides a powerful and efficient unified web creation and management experience NEW YORK, July 28, 2022 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), a...
July 27, 2022
Wix to Announce Second Quarter 2022 Results on August 10, 2022
NEW YORK, July 27, 2022 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), today released registration information for Wix's conference call discussing the results for the second quarter ended June 30, 2022 before the market opens on Wednesday, August 10, 2022. Management will host a conference...
July 20, 2022
Pre-workout Supplement Payment Gateway Integrations for Shopify, WooCommerce, and Wix Announced by Organic Payment Gateways
SCARBOROUGH, Maine, July 20, 2022 /PRNewswire/ -- Organic Payment Gateways, a high-risk payment gateway provider, has announced integrations for pre-workout supplement businesses that need payment processing for their Shopify, WooCommerce, or Wix websites. With many Americans more focused...
July 20, 2022
Pre-workout Supplement Payment Gateway Integrations for Shopify, WooCommerce, and Wix Announced by Organic Payment Gateways
SCARBOROUGH, Maine, July 20, 2022 /PRNewswire/ -- Organic Payment Gateways, a high-risk payment gateway provider, has announced integrations for pre-workout supplement businesses that need payment processing for their Shopify, WooCommerce, or Wix websites. With many Americans more focused...
July 11, 2022
Wix to Host Developers Conference, Wix DevCon 2022
Conference will explore the future of web development, featuring major product updates and releases, expert-led talks, tailored workshops and networking events NEW YORK, July 11, 2022 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), a leading global SaaS platform to create, manage and grow an...
June 14, 2022
Wix Wins Google Cloud Expansion Partner of the Year Award
Wix recognized as an impactful partner for the second year in a row NEW YORK, June 14, 2022 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), a leading global SaaS platform to create, manage and grow an online presence, today announced that it has received the 2021 Google Cloud Expansion...
Wix Blogs
July 29, 2022
13 tests that you can try today to boost your eCommerce conversion rate
Give these 13 tests a shot in order to boost your eCommerce conversion rate.
July 28, 2022
Keep sales rolling in with these 14 eCommerce marketing strategies
Ecommerce marketing is both an art and science. Get inspired by checking out these 14 high-converting marketing strategies.
July 22, 2022
6 ways to prevent choice paralysis on your site
Choice paralysis can easily taint a buyer's experience on your eCommerce site. What can you do to combat choice paralysis?
July 21, 2022
Why efficiency is key to eCommerce expansion according to this Fight Camp trainer
Fight camp trainer and Muay Thai champion Raquel "Rocky" Harris can add one more thing to her resume: entrepreneur.
July 15, 2022
The ultimate guide to eCommerce branding (with examples)
From your values to your logo, your eCommerce branding can make a big impact on revenue.
July 14, 2022
A simple, easy-to-understand guide to product sourcing
Product sourcing 101: learn how to source products for your eCommerce business.
Wix Frequently Asked Questions
When was Wix founded?
Wix was founded in 2006.
Who are Wix key executives?
Wix's key executives are Avishai Abrahami, Hagit Kaufman and Nir Zohar.
How many employees does Wix have?
Wix has 4,789 employees.
What is Wix revenue?
Latest Wix annual revenue is $1.3 b.
What is Wix revenue per employee?
Latest Wix revenue per employee is $265.1 k.
Who are Wix competitors?
Competitors of Wix include VeriSign, Webflow and Strikingly.
Where is Wix headquarters?
Wix headquarters is located at 40 Namal Tel-Aviv st., Tel Aviv.
Where are Wix offices?
Wix has offices in Tel Aviv, Los Angeles, Miami Beach, New York and in 8 other locations.
How many offices does Wix have?
Wix has 12 offices.
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