Seller Statements

Seller statements provide a summary of a seller’s activity on Whatnot.  These statements detail income, fees, costs, and payouts in the period to help with financial reporting needs, including calculating taxes.

Seller statements are accessed under Statements in the the Financials section of the Seller Hub.

What statements are available?

All sellers who have activity during a calendar month receive a monthly seller statement.

In addition, every January we issue an annual statement for the prior year. For example, your 2025 annual statement will be available in January 2026 to all sellers who had activity at any point in 2025.

What is included in each line item?

Opening balance: The funds in your Whatnot account at the beginning of the period

Earnings: Includes – 

• Gross sales: income from sales (net of coupons)
• Tips: earnings from tips
• Affiliate rewards: income from the Whatnot affiliate rewards program
• Seller referral bonus: income from the Whatnot seller referral program
• Giveaway refund credit: credit issued for giveaway not received
• New seller cash match: income from new seller bonus cash match promotion 
• Other adjustments: Any other income, credits, and reimbursements you received over the course of the period.

Fees & costs: Includes – 

• Commission fees: platform commissions charged on sales
• Payment processing fees: payment processing fees charged on transactions
• Sales & use tax on fees and commissions: taxes charged on fees and commissions
• Show boost and promote: Spend on Promote Tools
• Seller paid shipping & handling: expense from offering reduced or free shipping, including giveaway shipping cost
• Shipping surcharges and fees: amounts charged back for shipping label adjustments and other 
• Order refunds: billbacks for refunded orders
• Other adjustments: Any other expenses, charges, and costs

Payouts: Any payouts you received over the course of the period

Closing funds: The funds in your Whatnot account at the end of the period.

Total income: total cash and non-cash earnings in the period

Why do my statement numbers not match my Seller Analytics? 

Seller Analytics provides estimates of your earnings and fees, which may not always match the amounts in your Seller Statements, Ledger or, as applicable, Form 1099. For accurate information, including for tax and reporting purposes, always refer to your Seller Statements, Form 1099 and Ledger as the source of truth.