Wix reports 14% revenue growth and raises full-year booking outlook
Wix.com Ltd. has reported strong financial results for the third quarter, with total bookings reaching $515 million. The company also raised its full-year revenue and booking outlook, reflecting steady growth across key areas.
The latest figures highlight a 14% year-over-year increase in both total revenue and bookings, driven by gains in transaction and partner revenues.
Wix recorded $505 million in total revenue for Q3, up 14% compared to the same period last year. Transaction revenue climbed 20% to $65 million, while gross payment volume (GPV) rose 13% to $3.7 billion. Partner revenue also saw a significant jump, increasing 24% to $192 million.
The company’s non-GAAP operating income reached $90 million, representing 18% of revenue. Free cash flow stood at $159 million, or 32% of revenue, though the non-GAAP gross margin slightly dipped to 69% from 70% in the previous quarter.
Wix updated its full-year revenue guidance to a range of $1,990 million to $2,000 million, marking a 13% to 14% year-over-year increase. The booking outlook was also raised to between $2,060 million and $2,078 million, reflecting similar growth rates. Additionally, the company repurchased around 1.3 million shares for $175 million, leaving $225 million available under its buyback programme.
Looking ahead, Wix expects Base44—acquired earlier—to become a major growth driver by 2026. The company aims for the platform to reach at least $50 million in annual recurring revenue (ARR) by the end of that year, with ambitions to hit $100 million. Growth remains the priority over short-term profitability, supported by increased marketing investments and rapid user adoption.
Wix’s latest financial results show continued expansion, with revenue and bookings both rising by 14% year-over-year. The company’s updated guidance and share repurchases signal confidence in its long-term strategy.
Base44 is set to play a key role in future growth, with Wix targeting significant ARR milestones by 2026. The focus remains on scaling the business rather than immediate profitability.
