• Wix average return on tangible equity for 2023 was 24.01, a 95.29% decline from 2022.
• Wix average return on tangible equity for 2022 was 509.41, a 955.43% decline from 2021.
• Wix average return on tangible equity for 2021 was -59.55, a 26.96% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.