Etsy, Inc.

Etsy, Inc.

ETSYยทNASDAQ

$74.78

-0.76%
Consumer CyclicalSpecialty Retail

Etsy, Inc. operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels. Further, the company provides various seller tools, including Shop Manager dashboard, a centralized hub for Etsy sellers to track orders, manage inventory, view metrics and statistics, and have conversations with their customers; and Sell on Etsy, an application to enable enhanced onboarding and video uploading. Additionally, it offers Etsy seller analytics pages that provides insights regarding traffic acquisition for their shops; Targeted Offers, a sales and promotions tool, and social media tool; and accounting and bookkeeping services. The company also provides educational resources comprising blog posts, video tutorials, Etsy Seller Handbook, Etsy.com online forums, and insights; Etsy Teams, a platform to build personal relationships with other Etsy sellers; and a Star Seller program. As of December 31, 2021, it connected a total of 7.5 million active sellers to 96.3 million active buyers; and had 120 million items for sale. The company was formerly known as Indieco, Inc changed its name to Etsy, Inc. in June 2006. Etsy, Inc. was founded in 2005 and is headquartered in Brooklyn, New York.

At a Glance

Live Snapshot
Market Cap$7.41B
EPS0.2800
P/E Ratio44.88
Earnings Date10/29/2025
3Y+21.0%
5Y+243.0%
10Y+927.0%
3Y-39.0%
5Y+216.0%
10Y-661.0%
3Y+15.0%
5Y+264.0%
10Y+2476.0%
Etsy, Inc.

Etsy, Inc. Profit Bridge

ETSY ยท NASDAQ
Revenue2.81B
Cost of Goods Sold (774.55M)
Gross Profit2.03B
Operating Expenses (1.65B)
Operating Income380.21M
Interest Expense (13.81M)
Other Income/Expense30.57M
Pretax Income410.77M
Income Tax (107.49M)
Net Income303.28M
Net Income
303.28M

Profitability Analysis

Gross Margin

72.4%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

13.5%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

10.8%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

26.2%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

Etsy, Inc. Income Statement

ETSY โ€ข NASDAQ

Etsy, Inc. Income StatementDec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012
REVENUE
2.8B
2.7B
2.6B
2.3B
1.7B
818.4M
603.7M
441.2M
365M
273.5M
195.6M
125M
74.6M
GROSS PROFIT
(774.6M)
(828.7M)
(744.6M)
(654.5M)
(464.7M)
(271M)
(190.8M)
(151M)
(123.3M)
(97M)
(73.6M)
(47.8M)
(24.5M)
2B
1.9B
1.8B
1.7B
1.3B
547.3M
412.9M
290.2M
241.6M
176.5M
122M
77.2M
50.1M
OPERATING INCOME
(1.7B)
(1.6B)
(2.5B)
(1.2B)
(836.9M)
(458.6M)
(338.1M)
(278.3M)
(224.1M)
(178.4M)
(128.2M)
(76.5M)
(51.5M)
(1.2B)
(1.1B)
(1B)
(937.3M)
(656.8M)
(336.7M)
(240.9M)
(200.6M)
(168.4M)
(135.7M)
(91.6M)
(49M)
(32.8M)
(443.1M)
(469.3M)
(412.4M)
(271.5M)
(180.1M)
(121.9M)
(97.2M)
(74.6M)
(55.1M)
(42.7M)
(36.6M)
(27.5M)
(18.7M)
380.2M
279.8M
-658.6M
465.7M
424M
88.8M
74.8M
11.9M
17.6M
-1.9M
-6.3M
733K
-1.4M
PRE-TAX INCOME
(13.8M)
(14M)
(14.2M)
(9.9M)
(42M)
(24.3M)
(22.2M)
(11.1M)
(7.2M)
(1.5M)
(590K)
(302K)
(486K)
17.2M
22M
-3.2M
-7.7M
-34.9M
-11.1M
-13.2M
-8.7M
-5.5M
-1.2M
-549K
-256K
-438K
(0.0)
(68.1M)
(1B)
(0.0)
(0.0)
(0.0)
(0.0)
(3.2M)
(551K)
(0.0)
(0.0)
(0.0)
(0.0)
30.6M
13M
-3.4M
5.9M
-58.3M
-8.1M
-19.7M
20.4M
-20.5M
-26.1M
-4M
-675K
-1.2M
410.8M
292.8M
-662M
471.7M
365.7M
80.6M
55.1M
32.3M
-2.9M
-28M
-10.3M
58K
-2.5M
NET INCOME
(107.5M)
-14.7M
(32.3M)
-21.9M
(16.5M)
-15.2M
-22.4M
-49.5M
(27M)
(26.1M)
(5M)
(854K)
-145K
303.3M
307.6M
-694.3M
493.5M
349.2M
95.9M
77.5M
81.8M
-29.9M
-54.1M
-15.2M
-796K
-2.4M

SEC Filings

ETSY - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 28, 2026
May 21, 2026
2026
10-Q

10-Q 2026 Q1

Q1

April 29, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 29, 2026
April 29, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 17, 2026
April 17, 2026
2026
10-K

10-K 2025 FY

FY

February 19, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 19, 2026
February 19, 2026
2026
8-K

8-K 2026

N/A

February 18, 2026
February 15, 2026
2026
8-K

8-K 2025

N/A

December 19, 2025
December 16, 2025
2025
8-K

8-K 2025

N/A

October 29, 2025
October 24, 2025
2025
8-K

8-K 2025

N/A

October 29, 2025
October 29, 2025
2025
Showing 1 to 10 of 159 filings