Wix reported first-quarter revenue of $541.2 million, a result that the company said was in line with analyst expectations centered around $543.9 million. The top-line figure represented a 14% increase compared with the same quarter a year earlier.
On profitability, Wix’s adjusted gross margin for the quarter came in at 66%, down from 69% in the prior-year period. Analysts had been modeling a gross margin of 67.8% for the quarter, leaving the company short of that consensus on margin performance.
Bookings for the quarter totaled $585.0 million, slightly under the consensus bookings estimate of $586.8 million. The bookings result and the margin compression were the most notable deviations from analyst expectations in the reported quarter.
Looking ahead, Wix provided guidance for the coming quarter and reiterated its outlook for the full year 2026. For the second quarter, the company expects revenue to grow at a mid-teens percentage on a year-over-year basis. Management also reiterated its previous full-year 2026 outlook, which anticipates both bookings and revenue growing at a mid-teens percentage year over year.
For the full year 2026, Wix expects free cash flow margin, excluding acquisition costs, to be in the high-teens. The company maintained these targets while reporting the quarter’s results.
Investors and market participants will likely weigh the combination of solid revenue growth against the compressed adjusted gross margin and the slight bookings shortfall. The firm’s reiterated guidance for mid-teens growth in both revenue and bookings, along with a high-teens free cash flow margin target, establishes the company’s financial objectives for the remainder of the year.
Details beyond the headline numbers were not provided in the material reviewed here; the company’s published figures above reflect the extent of the information available in the report.