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Williams-SonomaWSM

Legal name
Williams-Sonoma, Inc.
Sector
Consumer
Industry
Retail-Home Furniture, Furnishings & Equipment Stores
Exchange
NYSE

Stock Price $WSM

Latest filings

You are here#30 of 42 in Consumer Discretionary by market cap

Filing record · 2016–202610-K1110-Q328-K84

WSM filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 84 current reports (8-K) between 2016 and 2026.

  1. FY2017 annual report10-K · Mar ’17Mar ’17
  2. Leadership change8-K · Jul ’19Jul ’19
  3. Leadership change8-K · Aug ’21Aug ’21
  4. Material agreement8-K · Jun ’25Jun ’25

01—Key figures

Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026

Revenue Trend

Year-over-year comparison from 10-K annual reports

  18. $7.81B
YoY changeLargest recent move+21.6%in FY22Latest +1.2%

Latest bar from 10-KFY2026Click a bar to open its SEC filing

View full history →
All WSM Financial Metrics55 metrics

Income Statement11

Balance Sheet24

Cash Flow15

Per Share5

02—Overview

Williams-Sonoma Financial Overview 2022–2026

Updated Nov 4, 2026

Williams-Sonoma's sales are 5.3% smaller than they were in FY2022, yet net earnings barely moved: $1.09 billiona in FY2026 versus $1.13 billion. That gap is the story. The company now earns about the same profit on a lower revenue base, which points to a structurally richer margin profile rather than a cyclical blip.

The long-term arc shows how that happened. Revenue went from $8.25 billion in FY2022 to $7.81 billionb in FY2026, with a 10.6% drop in FY2023 the low point for demand. Over the same span, cost of goods sold fell from 56.0% of revenue (a 44.0% gross margin) to a 46.2% gross margin in FY2026. Tariffs trimmed merchandise margins by 40 basis points in the latest year, so that gain is not risk-free. Still, comparable brand revenue turned positive at 3.5%, and diluted EPS hit a record $8.84.

The balance sheet gives management room to act. FY2026 closed with $1.0 billionc in cash, no revolver borrowings, $1.31 billion of operating cash flow and $1.2 billion returned to shareholders. The market has paid for that consistency without stretching: the stock closed FY2025 at $211.37, or 24.0x earnings, and FY2026 at $204.65, or 23.2x, for a $24.3 billion market cap. Earnings held up, but the multiple compressed slightly.

Recent Developments (Q1 and Q2 2027)

Q2 brought a large one-time lift. Revenue reached $1.96 billiond in Q2 2026, up from $1.84 billion, with comps of 6.2% after 4.8% in Q1 2026. GAAP gross margin hit 51.6%, but 610 basis points came from IEEPA tariff refunds net of vendor reimbursements. Non-GAAP gross margin fell 160 basis points to 45.5%, and non-GAAP EPS was $2.10 versus GAAP $2.84. Management raised FY2026 revenue growth guidance to 4.7%–7.2%, excluding refund benefits. Lynn Martin joins the board effective October 19, 2026.

The bull case: underlying comps are accelerating, guidance rose, and $197.8 millione of refund claims were filed in April. The bear case: core margins still absorb tariff costs, and no shares were repurchased in Q2. At 26.6x earnings as of August 27, 2026, the stock is priced above its prior year-end multiple, not today's.

What to watch: Q3 gross margin as $29.3 million of deferred refund income clears inventory; whether buybacks resume

03—Filings

Recent SEC Filings

  1. 8-KWilliams-Sonoma 8-K Report, Executive Changes (Oct 19, 2026)Williams-Sonoma, Inc. (NYSE: WSM) filed this Form 8-K to report that its Board of Directors appointed Lynn Martin as a director, effective October 19, 2026. The appointment was approved by the Board on October 16, 2026. Martin is currently President of NYSE Group, a wholly owned subsidiary of Intercontinental Exchange, Inc. (NYSE: ICE), and previously held leadership roles at ICE Data Services, ICE Clear U.S., NYSE Liffe U.S., and New York Portfolio Clearing. Under the filing, Ms. Martin will receive the standard compensation available to the Company's non-employee directors, pro-rated for her first year, and will enter into the Company's standard form of indemnification agreement. The filing does not disclose any financial results, guidance, or changes to company operations. The filing attaches a press release dated October 19, 2026, announcing the appointment. In that release, CEO Laura Alber and Board Chair Scott Dahnke cited Martin's experience in data, technology, capital markets, and corporate governance as valuable to the Board's long-term growth strategy.
  2. 8-KWilliams-Sonoma 8-K Report, Financial Results (Aug 26, 2026)Williams-Sonoma, Inc. (NYSE: WSM) reported second-quarter fiscal 2026 results for the thirteen weeks ended August 2, 2026, with net revenues of $1.96 billion, up from $1.84 billion a year earlier, and comparable brand revenue growth of 6.2%. GAAP operating income was $448.8 million, a 22.9% operating margin, and GAAP diluted EPS was $2.84. Results were boosted by the recognition of IEEPA tariff refund income of $167.8 million in cost of goods sold. On a non-GAAP basis, which excludes tariff-related items, operating income was $338.5 million, a 17.3% operating margin, and diluted EPS was $2.10, compared with $2.00 a year earlier. The company raised its fiscal 2026 outlook, now expecting net revenue growth of 4.7% to 7.2%, comparable growth of 4.0% to 6.5%, and a non-GAAP operating margin of 17.8% to 18.2%. The guidance assumes no benefit from tariff refunds or related interest, as well as current tariffs remaining in place and elevated oil prices for the rest of the year. Liquidity remained solid, with $1.03 billion in cash and cash equivalents and operating cash flow of $695.9 million for the twenty-six weeks, which included collection of $200.2 million of tariff refunds and related interest. The company returned $90 million to stockholders through dividends in the quarter. The results are preliminary because the Form 10-Q for the quarter had not yet been filed. The press release is furnished under Item 2.02 and is not filed with the SEC.
  3. 8-KWilliams-Sonoma 8-K Report, Shareholder Vote Results (Jun 22, 2026)Williams-Sonoma, Inc. filed this Current Report under Item 5.07 to disclose the results of its 2026 Annual Meeting of Stockholders, held on June 18, 2026. Stockholders voted on three proposals: the election of eight directors, a non-binding advisory vote on executive compensation, and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2027. All eight director nominees were elected. Laura Alber, Esi Eggleston Bracey, Andrew Campion, Scott Dahnke, Anne Finucane, Arianna Huffington, William Ready, and Frits van Paasschen each received more votes for than against. William Ready had the largest number of votes against among the nominees, with 22,859,139 against and 78,538,330 for. The advisory vote on executive compensation was approved, with 85,014,187 votes for and 16,178,546 against. The ratification of Deloitte & Touche LLP was also approved, with 102,876,706 votes for and 5,660,415 against. The filing reports vote counts only. It does not describe any changes to governance, compensation, or auditor arrangements beyond these approvals.
  4. 8-KWilliams-Sonoma 8-K Report, Financial Results (May 21, 2026)Williams-Sonoma, Inc. (NYSE: WSM) reported first-quarter 2026 results for the thirteen weeks ended May 3, 2026, furnishing a press release (Exhibit 99.1) under Item 2.02. Net revenues were $1.81 billion, up from $1.73 billion a year earlier, and total comparable brand revenue grew 4.8%. Gross margin was 44.0% versus 44.3% a year earlier, SG&A was $501.7 million (27.8% of net revenues), and operating income was $291.7 million, a 16.2% operating margin compared with 16.8% last year. Diluted EPS was $1.93 versus $1.85, and net earnings were $231.4 million, essentially flat with $231.3 million a year earlier. The company stated that it has not yet filed its Form 10-Q for the quarter, so the results are preliminary and subject to change. Management highlighted that tariff costs of approximately $60 million were included in merchandise inventories, and that tariff impacts are expected to be front-loaded in the first half of fiscal 2026. Cash and cash equivalents fell to $651.6 million from $1.02 billion at fiscal year-end, reflected in $287.8 million of stock repurchases and $85.6 million of dividend payments during the quarter. Williams-Sonoma reiterated its fiscal 2026 outlook, which calls for net revenue growth of 2.7% to 6.7%, comparable brand revenue growth of 2.0% to 6.0%, and an operating margin between 17.5% and 18.1%. The guidance assumes elevated oil prices, no refund of tariffs paid, and that all current tariff rates remain in place for the year. Long-term targets of mid-to-high single-digit annual net revenue growth and a mid-to-high teens operating margin were also reiterated.
  5. 8-KWilliams-Sonoma 8-K Report, Financial Results (Mar 18, 2026)Williams-Sonoma, Inc. (NYSE: WSM) reported results for its fourth quarter and fiscal year 2025, ended February 1, 2026, in a press release furnished under Item 2.02 (Exhibit 99.1). Fourth-quarter net revenues were $2.36 billion, with comparable brand revenue up 3.2%, operating income of $477.8 million (20.3% operating margin) and diluted EPS of $3.04. For the full fiscal year, net revenues were $7.81 billion, comparable brand revenue rose 3.5%, operating income was $1.42 billion (18.1% operating margin) and record diluted EPS was $8.84. The company's fourth quarter included 13 weeks versus 14 weeks in the prior-year period, and the filing notes that the additional week contributed -60bps to Q4 operating margin. The company provided fiscal 2026 guidance of net revenue growth of +2.7% to +6.7%, comparable growth of +2.0% to +6.0%, and an operating margin of 17.5% to 18.1%. The guidance excludes any refund of IEEPA tariffs paid, assumes current tariff rates remain in place, and expects tariff impacts to be front-loaded in the first half of fiscal 2026. The company also reported fiscal 2025 cash flow from operations of $1.31 billion, $854 million in share repurchases and $316 million in dividends, with $1.3 billion remaining under its repurchase authorization. Separately, under Item 8.01 (Exhibit 99.2), the Board authorized a 15% increase in the quarterly cash dividend to $0.76 per share, payable May 22, 2026, to holders of record as of April 17, 2026. The company noted this is its seventeenth consecutive year of increased dividend payouts. The company states that its 10-K for fiscal 2025 has not yet been filed, so the reported results are preliminary and subject to change.
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04—See also

Related Companies

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