Wix

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.
TypePublic
Founded2006
HQTel Aviv, IL
Websitewix.com
Employee Ratings4.3
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2021)4,789(+26%)
Job Openings188
Revenue (FY, 2021)$1.3 B(+29%)
Share Price (Aug 2022)$60.6(+3%)
Cybersecurity ratingDMore
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Key People/Management at Wix

Avishai Abrahami

Avishai Abrahami

Co-founder, Chief Executive Officer, Director and Honorary Chairman
Hagit Kaufman

Hagit Kaufman

VP Design & Brand
Nir Zohar

Nir Zohar

President and Chief Operating Officer
Giora Kaplan

Giora Kaplan

Co-Founder
Lior Shemesh

Lior Shemesh

Chief Financial Officer
Yaniv Even-Haim

Yaniv Even-Haim

Chief Technology Officer
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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
Show all (12)

Wix Financials and Metrics

Wix Revenue

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View revenue for all periods
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
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

603.7m761.1m988.8m1.3b

Cost of goods sold

(115.4m)(180.2m)(298.5m)(469.7m)

Gross profit

488.3m580.9m690.2m800.0m

Gross profit Margin, %

81%76%70%63%
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

174.3m185.4m196.8m216.0m236.1m254.2m304.1m316.4m320.8m341.6m

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

138.0m142.4m147.4m158.1m169.7m178.9m192.3m199.2m204.9m212.0m

Gross profit Margin, %

79%77%75%73%72%70%63%63%64%62%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

331.1m268.1m168.9m451.4m

Accounts Receivable

13.5m17.0m23.7m30.4m

Prepaid Expenses

5.3m8.5m14.0m16.7m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

348.1m351.5m283.2m191.3m174.0m158.5m415.8m362.3m287.2m386.6m

Accounts Receivable

18.4m18.2m16.2m17.1m18.8m23.2m29.9m29.4m28.0m42.0m

Prepaid Expenses

19.5m25.8m27.2m40.6m49.9m57.5m75.9m37.3m36.4m55.3m
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

(37.1m)(86.4m)(165.2m)(117.2m)

Depreciation and Amortization

11.5m16.7m17.2m18.9m

Accounts Payable

10.9m(7.6m)42.0m26.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 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

3.4m7.1m11.0m4.1m8.2m12.8m4.0m8.3m14.9m5.1m

Accounts Payable

4.6m1.3m3.6m8.8m35.0m31.6m(3.3m)(1.0m)5.7m21.7m
USDFY, 2018

Revenue/Employee

294.1k

Debt/Equity

2.2 x

Debt/Assets

0.4 x

Financial Leverage

5.5 x
Show all financial metrics

Wix Operating Metrics

Wix's Users was reported to be 113.9 m in Q3, 2017.

Wix Acquisitions / Subsidiaries

Company NameDateDeal Size
deviantARTFebruary 23, 2017$36 m

Wix Revenue Breakdown

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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

Cybersecurity ratingPremium dataset

D

69/100

SecurityScorecard logo

Wix Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Wix Online and Social Media Presence

Embed Graph

Wix Company Culture

  • Overall Culture

    A+

    81/100

  • CEO Rating

    A+

    85/100

  • Compensation

    B-

    69/100

  • Diversity

    A-

    77/100

Learn more on Comparably

Wix News and Updates

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...

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...

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...

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...

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...

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...
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Wix Blogs

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.

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.

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?

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.

The ultimate guide to eCommerce branding (with examples)

From your values to your logo, your eCommerce branding can make a big impact on revenue.

A simple, easy-to-understand guide to product sourcing

Product sourcing 101: learn how to source products for your eCommerce business.
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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.