Strong Q4 Top-Line Growth
Q4 total bookings of $535.0M, up 15% year-over-year, and Q4 revenue of $524.0M, up 14% year-over-year; full-year 2025 bookings $2.07B (+13% YoY) and revenue $1.993B (+13% YoY).
Robust ARR and Retention
Total consolidated ARR $1.836B at year-end, up 14% YoY; net revenue retention of 105% in 2025 (nearly matching 2024), and projected ten-year value of existing cohorts grew 14% YoY to over $20.0B in future bookings.
Base 44 Rapid Scaling
Base 44 ARR accelerated from ~ $59M at acquisition to approximately $100M ARR within months, with new user inflows nearly two-thirds of Wix new users and organic adoption by enterprise customers.
Wix Harmony Early Traction
Wix Harmony launched in English in January and is expanding globally; early cohort performance shows better conversion, faster monetization and higher ARPU, contributing to accelerated new cohort bookings.
Transaction and GPV Growth
GPV grew 11% YoY to $3.7B in Q4 and 11% YoY to $14.3B for the full year; transaction revenue increased 18% YoY in Q4 and 19% YoY for the full year.
Partners Revenue Expansion
Partners revenue grew 21% YoY to $203M in Q4, driven by studio performance and greater adoption of Google Workspace and marketing solutions.
Strong Cash Generation
Q4 free cash flow of $156M (30% of revenue); full-year 2025 free cash flow excluding acquisition-related expenses of $605M, representing 30% of revenue.
Ambitious Capital Actions and Investor Endorsement
Announced intent to complete the majority of a $2.0B repurchase program in 2026 and secured a $250M private placement from Durable Capital Partners, signaling management conviction and external investor confidence.
Positive Unit Economics at Base 44
Base 44 non-GAAP gross margin is already positive today even after incorporating AI-related costs for free users; management expects gross margin to improve sequentially in 2026 via model optimizations and cost controls.
2026 Growth Outlook
Company guides to consolidated bookings and revenue growth in the mid-teens percentage YoY for full-year 2026 and expects free cash flow margin in the low- to mid-20% range (reflecting Base 44 hyper-growth variability).