Wix

Wix

Cloud-based no-code website builder platform

Overview

Wix builds and manages websites without coding using a cloud-based platform that includes a drag-and-drop editor, templates, hosting, and built-in tools for SEO, marketing, blogging, bookings, and eCommerce. Users start on a free plan and upgrade to premium plans for more storage, bandwidth, and features like a custom domain and ad removal. Its core includes AI features like Wix ADI and Wixel that generate site drafts and assist with design. Wix differentiates itself with a large app ecosystem (App Market), business tools (Ascend), agency-focused Wix Studio, and an all-in-one hosting, domain, and commerce solution.

About Wix

Simplify's Rating
Why Wix is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Consumer Software

Enterprise Software

AI & Machine Learning

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Tel Aviv-Yafo, Israel

Founded

2006

Get referred to Wix

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 revenue rose 15% to $563.1 million, beating estimates.
  • Base44 gross margin targets roughly 60% in second-half 2026 after Base1 launch.
  • August 2026 Elavon and Microsoft partnerships expand commerce and distribution beyond Wix websites.

What critics are saying

  • May 2026 layoffs cut roughly 1,000 jobs; restructuring damage still weighs on execution.
  • Q2 2026 operating margin fell to negative 10.4%; AI reinvestment delays profit recovery.
  • Microsoft 365 Copilot and Canva challenge Wix’s creation workflow, risking long-term platform commoditization.

What makes Wix unique

  • Wix combines website building, hosting, payments, CRM, and AI across one freemium platform.
  • Wix Harmony and Base44 split self-creators from code-first builders, broadening its product moat.
  • Wix’s in-house Base1 model, launched August 2026, reduces AI costs and dependency.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$1.8B

Above

Industry Average

Funded Over

8 Rounds

Post IPO Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Convertible Funding Comparison
Coming Soon

Benefits

Hybrid Work Options

Company Equity

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

2%

2 year growth

2%
Yahoo Finance
Aug 13th, 2026
Citi raises Wix price target to $72 as AI platform Base44 margins expected to hit 60%

Citi analyst Jamesmichael Sherman-Lewis maintained a "Neutral" rating on Wix.com but raised his price target to $72, implying nearly 10% upside. The stock is down 34% year-to-date despite reporting $1.96 billion in annual recurring revenue, up 15% year-over-year. Sherman-Lewis expects Wix's AI-enabled Base44 platform to reach approximately 60% gross margin in the second half of 2026, driven by the new Base1 model and cost optimisations. Improved unit economics should allow greater investment flexibility whilst maintaining higher returns. The analyst believes stronger Base44 economics can support renewed growth, making the current price-to-sales multiple of less than 2x attractive. Wall Street consensus remains "Moderate Buy" with a mean price target of $79, suggesting 20% upside from current levels.

Yahoo Finance
Aug 11th, 2026
Wix launches proprietary LLM as Q2 2026 earnings show AI-first strategy split across two platforms

Wix held its second quarter 2026 earnings call, with CEO Avishai Abrahami outlining the company's dual-path AI strategy. The website builder is pursuing two distinct approaches to capture evolving market demand: Wix Harmony, which serves self-creators through visual drag-and-drop creation paired with AI, and BASE44, which focuses on natural language and code-based app creation. The company achieved a significant milestone this quarter by launching Base1, the first proprietary large language model in its category. Abrahami emphasised that building the model in-house was a deliberate choice, providing tighter quality control, faster iteration cycles, and improved long-term cost structure. The proprietary model also allows Wix to build a data asset that continues to improve Base1 rather than benefiting external vendors. The company reported that Base1 is driving tangible margin improvement for BASE44.

Yahoo Finance
Aug 11th, 2026
Wix launches Symphony, a multi-agent AI platform for small businesses

Wix has launched Symphony by Wix, a standalone AI agents platform designed for small and medium-sized businesses. The system uses multiple specialised AI agents to help business owners automate workflows and manage operations. Symphony learns how each business operates and builds a coordinated team of AI agents tailored to specific needs. At its centre is Maestro, a central agent that coordinates specialist agents handling tasks like outreach, marketing, scheduling, research, finance, and design. The platform can execute approved tasks, connect to existing business tools, and provide updates through a mobile app. Each day, agents conduct a "morning meeting" to summarise completed work and flag opportunities. Symphony is platform-agnostic and works with any business, whether or not they use Wix's website-building services.

Yahoo Finance
Aug 4th, 2026
Wix's Q2 revenue beats estimates at $563.1M, up 14.9% year on year

Wix reported second-quarter 2026 results that exceeded Wall Street expectations. The website building platform's revenue reached $563.1 million, up 14.9% year on year and beating analyst estimates of $552.4 million by 1.9%. The company's non-GAAP earnings per share of $1.39 surpassed consensus estimates of $1.21 by 15.3%. Annual recurring revenue grew 39.5% year on year to $1.96 billion, whilst billings rose 11.6% to $569.1 million. However, operating margin declined to negative 10.4% from 9% in the same quarter last year. Free cash flow margin also fell to 10.9% from 20.7% in the previous quarter. Co-founder and CEO Avishai Abrahami said the company continues investing in Wix Harmony and Base44. Analysts expect revenue growth of 10.4% over the next 12 months.

Yahoo Finance
Jul 16th, 2026
Upwork vs Wix: Which tech stock offers better margins and growth in 2026?

Upwork and Wix.com present contrasting profiles for investors evaluating tech platforms in 2026. Both companies are adapting their services to incorporate artificial intelligence whilst serving different market segments. Upwork operates a marketplace connecting businesses with freelance professionals across 90 countries. In fiscal year 2025, revenue reached $787.8 million, up 2.4% year-over-year, with net income of $115.4 million and a 14.7% net margin. The company generated $242.5 million in free cash flow and maintains a debt-to-equity ratio of 0.6x. Wix provides AI-powered website building and hosting services. FY 2025 revenue totalled $2.0 billion, growing 13.2% year-over-year, with net income of $50.6 million and a 2.5% net margin. Free cash flow was $574.3 million, though the company shows a negative debt-to-equity ratio of -4.3x due to substantial share buybacks. Stock-based compensation represented 26.3% of Upwork's operating cash flow versus 40.7% for Wix.

Recently Posted Jobs

Sign up to get curated job recommendations

Wix is Hiring for 16 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →