Etsy, Inc. (ETSY)

ETSY Income Statement

Revenue, expenses, and profitability analysis

ETSY Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	2.062B	455.598M	644.090M	483.381M	479.115M	444.403M	634.471M	476.770M	463.716M
Revenue	2.864B	631.277M	881.636M	678.026M	672.663M	612.204M	852.162M	662.410M	647.806M
Cost of Goods Sold	801.418M	175.679M	237.546M	194.645M	193.548M	167.801M	217.691M	185.640M	184.090M
Gross Profit Margin	72.2%	72.2%	73.1%	71.3%	71.2%	72.6%	74.5%	72.0%	71.6%
Total Operating Expenses	1.654B	335.752M	514.693M	400.670M	402.686M	346.573M	479.339M	389.953M	393.547M
Research & Development	438.734M	99.052M	114.442M	113.379M	111.861M	100.810M	111.466M	107.251M	114.493M
Selling, General & Administrative	1.215B	236.700M	400.251M	287.291M	290.825M	245.763M	367.873M	282.702M	279.054M
Operating Income (EBIT)	408.383M	119.846M	129.397M	82.711M	76.429M	97.830M	155.132M	86.817M	70.169M
Operating Margin	19.0%	19.0%	14.7%	12.2%	11.4%	16.0%	18.2%	13.1%	10.8%
Income Before Tax (EBT)	409.244M	129.260M	136.753M	92.085M	51.146M	-14.587M	178.333M	73.810M	78.977M
Interest Income	36.183M	—	12.870M	14.282M	9.031M	—	—	—	7.408M
Interest Expense	15.105M	—	5.647M	5.685M	3.773M	—	—	—	3.461M
Other Income/Expense	861K	9.414M	7.356M	9.374M	-25.283M	-112.417M	23.201M	-13.007M	8.808M
Net Income	284.758M	69.680M	110.735M	75.503M	28.840M	-52.096M	129.906M	57.366M	53.005M
Income Tax Expense	89.504M	24.598M	26.018M	16.582M	22.306M	20.500M	48.427M	16.444M	25.972M
Net Profit Margin	11.0%	11.0%	12.6%	11.1%	4.3%	-8.5%	15.2%	8.7%	8.2%
EBITDA	514.906M	135.161M	167.294M	122.033M	90.418M	115.019M	225.907M	114.556M	109.525M
EBITDA Margin	21.4%	21.4%	19.0%	18.0%	13.4%	18.8%	26.5%	17.3%	16.9%
Depreciation & Amortization	99.971M	15.315M	24.894M	24.263M	35.499M	17.189M	26.402M	27.739M	27.087M
EPS Basic	2.89	0.72	1.13	0.76	0.28	-0.49	1.16	0.52	0.46
EPS Diluted	2.44	0.60	0.96	0.63	0.25	-0.49	1.01	0.45	0.41
Shares Outstanding	96.235M	96.235M	98.213M	99.334M	103.212M	107.084M	114.944M	114.181M	116.432M
Diluted Shares Outstanding	121.029M	121.029M	123.541M	124.957M	121.514M	107.084M	131.721M	130.748M	133.118M

ETSY Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	2.066B	2.034B	1.920B	1.822B	1.675B	1.261B	547.343M	412.931M
Revenue	2.884B	2.808B	2.748B	2.566B	2.329B	1.726B	818.379M	603.693M
Cost of Goods Sold	817.800M	774.554M	828.675M	744.592M	654.512M	464.745M	271.036M	190.762M
Gross Profit Margin	71.6%	72.4%	69.8%	71.0%	71.9%	73.1%	66.9%	68.4%
Total Operating Expenses	1.698B	1.654B	1.640B	2.480B	1.209B	836.871M	458.582M	338.145M
Research & Development	450.192M	443.056M	469.332M	412.398M	271.535M	180.080M	121.878M	97.249M
Selling, General & Administrative	1.248B	1.211B	1.102B	1.023B	937.335M	656.791M	336.704M	240.896M
Operating Income (EBIT)	367.913M	380.208M	279.841M	-658.560M	465.732M	424.009M	88.761M	74.786M
Operating Margin	12.8%	13.5%	10.2%	-25.7%	20.0%	24.6%	10.8%	12.4%
Income Before Tax (EBT)	246.665M	410.775M	292.820M	-661.978M	471.654M	365.709M	80.646M	55.078M
Interest Income	44.489M	30.982M	35.999M	10.956M	2.137M	7.102M	13.199M	8.957M
Interest Expense	18.509M	13.806M	14.042M	14.168M	9.885M	42.025M	24.320M	22.178M
Other Income/Expense	-121.248M	30.567M	12.979M	-3.418M	5.922M	-58.300M	-8.115M	-19.708M
Net Income	162.982M	303.281M	307.568M	-694.288M	493.507M	349.246M	95.894M	77.491M
Income Tax Expense	83.683M	107.494M	-14.748M	32.310M	-21.853M	16.463M	-15.248M	-22.413M
Net Profit Margin	5.7%	10.8%	11.2%	-27.1%	21.2%	20.2%	11.7%	12.8%
EBITDA	367.019M	532.655M	398.185M	-551.108M	555.806M	465.923M	152.997M	103.998M
EBITDA Margin	12.7%	19.0%	14.5%	-21.5%	23.9%	27.0%	18.7%	17.2%
Depreciation & Amortization	101.845M	108.074M	91.323M	96.702M	74.267M	58.189M	48.031M	26.742M
EPS Basic	1.68	2.64	2.56	-5.48	3.88	2.88	0.80	0.61
EPS Diluted	1.39	2.35	2.24	-5.48	3.40	2.69	0.76	0.61
Shares Outstanding	98.213M	114.944M	122.503M	126.779M	127.225M	121.252M	119.665M	127.024M
Diluted Shares Outstanding	123.541M	131.721M	140.145M	126.779M	146.683M	136.415M	125.720M	127.085M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Etsy, Inc.

Etsy, Inc. oversees online retail platforms designed to link independent merchants with a global customer base. Its primary marketplace is dedicated to unique and handcrafted items, while its Depop division focuses on the resale of apparel. The company's revenue streams largely originate from diverse marketplace fees, such as those for product listings, transactions, and payment processing, as well as from advertising services and optional seller utilities like shipping labels. Furthermore, Etsy administers programs aimed at improving search placement, providing buyer protection for qualifying orders, and offering financial incentives for seller-driven traffic. The enterprise was founded in 2005, formally incorporated as Indieco, Inc. in 2006, and then rebranded as Etsy, Inc. in June of the same year. Its corporate headquarters are located in Brooklyn, New York.

New York City, NY

2,400 employees

www.etsy.com

Consumer Cyclical / Specialty Retail

Sector: Consumer Cyclical
Industry: Specialty Retail
CEO: Joshua G. Silverman

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