What is ETSY revenue?

Etsy Inc. (ETSY) reported $3.01B of revenue for the twelve months ended Sep 30, 2026. That is up 10.8% from the year before. Revenue for fiscal 2025 was $2.88B.

Yes. Etsy Inc. earned $987.28M in net income for the twelve months ended Sep 30, 2026, a net margin of 32.8%.

How much cash and debt does ETSY have?

Etsy Inc. reported $2.07B in cash and cash equivalents and $2.99B of debt on its most recent balance sheet in SEC filings.

How fast is ETSY revenue growing?

Etsy Inc.'s revenue changed +2.7% in fiscal 2025, to $2.88B. Its compound annual growth rate was +10.8% over 5 years and +26.6% over 10 years.

What is ETSY gross margin?

Etsy Inc.'s gross profit was $2.15B on $3.01B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 71.3%.

What is ETSY free cash flow?

Etsy Inc. generated $592.49M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $598.11M less capital expenditures.

What is ETSY earnings per share?

Diluted earnings per share were $8.55 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did ETSY last report financial results?

The latest statements here come from Etsy Inc.'s 10-Q filed on Oct 28, 2026, covering the period ended Sep 30, 2026.

Where does this ETSY financial data come from?

Quantisnow builds these statements from the structured XBRL data Etsy Inc. files with the SEC. It is provided for information only and is not investment advice.

Financials · ETSY

Etsy Inc. (ETSY) financials

For the twelve months ended Sep 30, 2026, Etsy Inc. reported $3.01B of revenue and $987.28M of net income.

Revenue, TTM: $3.01B
Revenue growth, YoY: +10.8%
Net income, TTM: $987.28M
Net income growth, YoY: +442.0%
Net margin: 32.8%
Free cash flow, TTM: $592.49M
EPS, diluted, TTM: $8.55
EPS growth, YoY: +510.7%
Cash: $2.07B
Total debt: $2.99B
P/E: 7.72
P/S: 2.53
Market cap: $7.62B

Annual revenue$2.88B

FY2016FY2025

Annual net income$162.98M

FY2016FY2025

Annual free cash flow$678.03M

FY2016FY2025

ETSY revenue and earnings growth

ETSY revenueQ3 2026$692.47M

Quarter YoY: +10.9%
QoQ: +3.6%
FY YoY: +2.7%
5Y CAGR: +10.8%
10Y CAGR: +26.6%

ETSY revenue was $692.47M in fiscal Q3 2026 (ended Sep 30, 2026), up 10.9% from a year earlier and up 3.6% from the prior quarter. For the full fiscal 2025 it was $2.88B, up 2.7% from fiscal 2024. Compound annual growth was +10.8% over 5 years and +26.6% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 13 fiscal years on file.

ETSY net incomeQ3 2026$853.52M

Quarter YoY: 11x
FY YoY: -46.3%
5Y CAGR: -14.1%

ETSY net income was $853.52M in fiscal Q3 2026 (ended Sep 30, 2026), up about 11-fold from a year earlier. For the full fiscal 2025 it was $162.98M, down 46.3% from fiscal 2024. Compound annual growth was -14.1% over 5 years.

ETSY EPSQ3 2026$7.31

Quarter YoY: 12x
FY YoY: -40.9%
5Y CAGR: -12.4%

ETSY diluted EPS was $7.31 in fiscal Q3 2026 (ended Sep 30, 2026), up about 12-fold from a year earlier. For the full fiscal 2025 it was $1.39, down 40.9% from fiscal 2024. Compound annual growth was -12.4% over 5 years.

ETSY free cash flowQ3 2026$158.28M

Quarter YoY: -26.4%
QoQ: +302.5%
FY YoY: -8.2%
5Y CAGR: +0.0%
10Y CAGR: +40.9%

ETSY free cash flow was $158.28M in fiscal Q3 2026 (ended Sep 30, 2026), down 26.4% from a year earlier and up 302.5% from the prior quarter. For the full fiscal 2025 it was $678.03M, down 8.2% from fiscal 2024. Compound annual growth was +0.0% over 5 years and +40.9% over 10 years. It rose in 7 of the last 10 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$2.88B	$2.81B	$2.75B	$2.57B	$2.33B	$1.73B	$818.38M	$603.69M	$441.23M	$364.97M
Cost of revenue	$817.80M	$774.55M	$828.67M	$744.59M	$654.51M	$464.75M	$271.04M	$190.76M	$150.99M	$123.33M
Gross profit	$2.07B	$2.03B	$1.92B	$1.82B	$1.67B	$1.26B	$547.34M	$412.93M	$290.25M	$241.64M
Research and development	$450.19M	$443.06M	$469.33M	$412.40M	$271.54M	$180.08M	$121.88M	$97.25M	$74.62M	$55.08M
Selling, general and admin	$332.77M	$353.95M	$343.24M	$312.26M	$282.53M	$156.03M	$121.13M	$82.88M	$91.49M	$86.18M
Operating income	$266.21M	$380.21M	$279.84M	-$658.56M	$465.73M	$424.01M	$88.76M	$74.79M	$11.90M	$17.58M
Interest expense	$18.51M	$13.81M	$14.04M	$14.17M	$9.88M	$42.02M	$24.32M	$22.18M	$11.13M	$7.20M
Pre-tax income	$246.66M	$410.77M	$292.82M	-$661.98M	$471.65M	$365.71M	$80.65M	$55.08M	$32.27M	-$2.88M
Income tax	$83.68M	$107.49M	-$14.75M	$32.31M	-$21.85M	$16.46M	-$15.25M	-$22.41M	-$49.53M	$27.02M
Net income	$162.98M	$303.28M	$307.57M	-$694.29M	$493.51M	$349.25M	$95.89M	$77.49M	$81.80M	-$29.90M
EPS, basic	$1.59	$2.64	$2.51	-$5.48	$3.88	$2.88	$0.80	$0.64	$0.69	-$0.26
EPS, diluted	$1.39	$2.35	$2.24	-$5.48	$3.40	$2.69	$0.76	$0.61	$0.68	-$0.26
Diluted shares	124.1M	131.7M	140.1M	126.8M	146.7M	136.4M	125.7M	127.1M	122.3M	113.6M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$1.36B	$811.18M	$914.32M	$926.62M	$785.54M	$1.24B	$443.29M	$366.99M	$315.44M	$181.59M
Receivables	$8.69M	$8.70M	$24.73M	$27.89M	$27.27M	$22.61M	$15.39M	$12.24M	$33.68M	$26.43M
Current assets	$1.96B	$1.33B	$1.57B	$1.51B	$1.34B	$1.89B	$921.04M	$680.29M	$439.26M	$371.03M
Goodwill	$38.07M	$137.09M	$138.38M	$137.72M	$1.37B	$140.81M	$138.73M	$37.48M	$38.54M	$35.66M
Total assets	$2.83B	$2.42B	$2.69B	$2.63B	$3.83B	$2.40B	$1.54B	$901.85M	$605.58M	$581.19M
Current liabilities	$1.36B	$665.11M	$710.78M	$631.75M	$615.59M	$454.66M	$188.53M	$112.06M	$102.48M	$84.01M
Short-term debt	$649.01M	$0	-	-	-	-	-	-	-	-
Total debt	$2.98B	$2.29B	$2.28B	$2.28B	$2.28B	$1.06B	$785.13M	$276.49M	$0	-
Total liabilities	$3.93B	$3.18B	$3.23B	$3.18B	$3.20B	$1.66B	$1.14B	$500.95M	$208.69M	$236.44M
Shareholders' equity	-$1.10B	-$758.87M	-$543.72M	-$547.27M	$628.62M	$742.42M	$406.63M	$400.90M	$396.89M	$344.76M

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$693.41M	$752.47M	$705.51M	$683.61M	$651.55M	$678.96M	$206.92M	$198.93M	$69.10M	$47.96M
Capital expenditures	$15.39M	$14.21M	$12.95M	$10.24M	$11.25M	$1.45M	$7.53M	$1.02M	$3.95M	$35.98M
Free cash flow	$678.03M	$738.26M	$692.56M	$673.38M	$640.30M	$677.51M	$199.39M	$197.91M	$65.15M	$11.98M
Investing cash flow	$32.08M	-$53.10M	-$73.31M	-$30.02M	-$1.56B	-$11.38M	-$488.37M	-$285.39M	$61.84M	-$135.43M
Financing cash flow	-$169.88M	-$787.17M	-$656.53M	-$506.48M	$452.75M	$119.28M	$359.61M	$144.01M	$6.55M	-$524.0K
Share repurchases	$776.90M	$723.90M	$576.97M	$425.73M	$302.77M	$268.65M	$176.99M	$134.65M	$10.30M	$0
Stock-based compensation	$244.75M	$282.85M	$284.56M	$230.89M	$139.91M	$65.11M	$44.40M	$38.23M	$26.56M	-
Depreciation and amortization	$101.84M	$108.07M	$91.32M	$96.70M	$74.27M	$58.19M	$48.03M	$26.74M	$27.20M	$22.52M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	2.7%	2.2%	7.1%	10.2%	35.0%	110.9%	35.6%	36.8%	20.9%	33.4%
Net income growth, YoY	-46.3%	-1.4%	-	-	41.3%	264.2%	23.7%	-5.3%	-	-
EPS growth, YoY	-40.9%	4.9%	-	-	26.4%	253.9%	24.6%	-10.3%	-	-
Gross margin	71.6%	72.4%	69.8%	71.0%	71.9%	73.1%	66.9%	68.4%	65.8%	66.2%
Operating margin	9.2%	13.5%	10.2%	-25.7%	20.0%	24.6%	10.8%	12.4%	2.7%	4.8%
Net margin	5.7%	10.8%	11.2%	-27.1%	21.2%	20.2%	11.7%	12.8%	18.5%	-8.2%
Free cash flow margin	23.5%	26.3%	25.2%	26.2%	27.5%	39.3%	24.4%	32.8%	14.8%	3.3%
Return on equity	-	-	-	-	78.5%	47.0%	23.6%	19.3%	20.6%	-8.7%
Return on assets	5.8%	12.5%	11.5%	-26.3%	12.9%	14.5%	6.2%	8.6%	13.5%	-5.1%
Current ratio	1.44	2.00	2.21	2.40	2.18	4.17	4.89	6.07	4.29	4.42
Debt to equity	-	-	-	-	3.62	1.43	1.93	0.69	0.00	-

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$692.47M	$668.31M	$631.28M	$1.02B	$624.15M	$629.13M	$612.20M	$852.16M	$662.41M	$647.81M	$645.95M	$842.32M
Cost of revenue	$189.32M	$184.27M	$175.68M	$315.15M	$166.23M	$168.62M	$167.80M	$217.69M	$185.64M	$184.09M	$187.13M	$255.76M
Gross profit	$503.14M	$484.05M	$455.60M	$702.87M	$457.92M	$460.51M	$444.40M	$634.47M	$476.77M	$463.72M	$458.82M	$586.57M
Research and development	$110.78M	$100.92M	$99.05M	$150.29M	$99.77M	$99.33M	$100.81M	$111.47M	$107.25M	$114.49M	$109.85M	$117.49M
Selling, general and admin	$73.93M	$66.93M	$62.46M	$109.05M	$73.78M	$76.03M	$73.91M	$82.71M	$86.18M	$95.99M	$89.07M	$92.54M
Operating income	$111.43M	$125.27M	$119.85M	$64.98M	$111.00M	$94.10M	-$3.87M	$155.13M	$86.82M	$70.17M	$68.09M	$115.46M
Interest expense	$5.62M	$5.63M	$5.65M	$5.65M	$5.68M	$3.77M	$3.40M	$3.42M	$3.44M	$3.46M	$3.48M	-
Pre-tax income	$128.70M	$134.97M	$129.26M	$72.20M	$120.15M	$68.91M	-$14.59M	$178.33M	$73.81M	$78.98M	$79.66M	$109.17M
Income tax	$15.06M	$20.63M	$24.60M	$24.36M	$15.55M	$23.27M	$20.50M	$48.43M	$16.44M	$25.97M	$16.65M	$25.90M
Net income	$853.52M	-$46.65M	$69.68M	$110.73M	$75.50M	$28.84M	-$52.10M	$129.91M	$57.37M	$53.01M	$63.00M	$83.27M
EPS, basic	$9.37	-$0.49	$0.72	$1.04	$0.76	$0.28	-$0.49	$1.15	$0.50	$0.46	$0.53	$0.69
EPS, diluted	$7.31	-$0.36	$0.60	$1.00	$0.63	$0.25	-$0.49	$1.01	$0.45	$0.41	$0.48	$0.62
Diluted shares	117.2M	120.0M	121.0M	-	125.0M	121.5M	107.1M	-	130.7M	133.1M	135.3M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$2.07B	$901.28M	$1.21B	$1.36B	$1.21B	$1.15B	$617.88M	$811.18M	$818.94M	$759.21M	$788.84M	$914.32M
Receivables	$8.95M	$8.66M	$8.71M	$8.69M	$7.41M	$6.47M	$8.95M	$8.70M	$8.64M	$10.32M	$16.54M	$24.73M
Current assets	$2.60B	$1.88B	$2.11B	$1.96B	$1.79B	$1.65B	$1.11B	$1.33B	$1.32B	$1.36B	$1.40B	$1.57B
Goodwill	$37.28M	$37.41M	$37.60M	$38.07M	$38.06M	$38.07M	$36.24M	$137.09M	$138.62M	$137.74M	$137.89M	$138.38M
Total assets	$3.17B	$2.44B	$2.68B	$2.83B	$2.65B	$2.56B	$2.12B	$2.42B	$2.44B	$2.45B	$2.50B	$2.69B
Current liabilities	$1.92B	$1.27B	$1.25B	$1.36B	$565.07M	$486.36M	$519.14M	$665.11M	$552.96M	$564.49M	$565.12M	$710.78M
Short-term debt	$1.30B	$649.59M	$649.30M	$649.01M	-	-	-	$0	-	-	-	-
Total debt	$2.99B	$2.99B	$2.98B	$2.98B	$2.98B	$2.98B	$2.29B	$2.29B	$2.29B	$2.29B	$2.28B	$2.28B
Total liabilities	$3.85B	$3.83B	$3.82B	$3.93B	$3.77B	$3.68B	$3.03B	$3.18B	$3.07B	$3.08B	$3.08B	$3.23B
Shareholders' equity	-$677.84M	-$1.40B	-$1.14B	-$1.10B	-$1.11B	-$1.12B	-$910.30M	-$758.87M	-$624.30M	-$635.00M	-$583.76M	-$543.72M

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$159.69M	$40.55M	$80.74M	$317.12M	$218.97M	$108.14M	$49.18M	$314.96M	$217.42M	$151.06M	$69.03M	$295.11M
Capital expenditures	$1.40M	$1.23M	$1.48M	$1.50M	$3.79M	$6.85M	$3.25M	$4.03M	$4.27M	$3.65M	$2.26M	$5.20M
Free cash flow	$158.28M	$39.32M	$79.26M	$315.63M	$215.18M	$101.28M	$45.94M	$310.93M	$213.15M	$147.41M	$66.78M	$289.91M
Investing cash flow	$1.29B	-$30.53M	-$16.52M	$552.0K	-$24.02M	$76.22M	-$20.68M	-$16.34M	-$9.02M	-$2.64M	-$25.11M	-$19.32M
Financing cash flow	-$414.48M	-$270.86M	-$158.45M	-$165.29M	-$126.65M	$326.85M	-$204.78M	-$282.38M	-$166.53M	-$175.25M	-$163.01M	-$115.70M
Share repurchases	$394.51M	$249.70M	$145.22M	$133.23M	$119.82M	$334.68M	$189.18M	$259.58M	$155.59M	$150.38M	$158.34M	$92.98M
Stock-based compensation	$45.70M	$51.18M	$52.96M	$80.52M	$55.13M	$52.92M	$56.18M	$68.16M	$69.29M	$74.72M	$70.68M	$68.48M
Depreciation and amortization	$16.06M	$15.23M	$15.31M	$56.76M	$13.30M	$14.60M	$17.19M	$26.40M	$27.74M	$27.09M	$26.85M	$23.03M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	10.9%	6.2%	3.1%	19.5%	-5.8%	-2.9%	-5.2%	1.2%	4.1%	3.0%	0.8%	4.3%
Net income growth, YoY	1030.4%	-	-	-14.8%	31.6%	-45.6%	-	56.0%	-34.7%	-14.4%	-15.5%	-24.0%
EPS growth, YoY	1060.3%	-	-	-1.0%	40.0%	-39.0%	-	62.9%	-29.7%	-8.9%	-9.4%	-
Gross margin	72.7%	72.4%	72.2%	69.0%	73.4%	73.2%	72.6%	74.5%	72.0%	71.6%	71.0%	69.6%
Operating margin	16.1%	18.7%	19.0%	6.4%	17.8%	15.0%	-0.6%	18.2%	13.1%	10.8%	10.5%	13.7%
Net margin	123.3%	-7.0%	11.0%	10.9%	12.1%	4.6%	-8.5%	15.2%	8.7%	8.2%	9.8%	9.9%
Free cash flow margin	22.9%	5.9%	12.6%	31.0%	34.5%	16.1%	7.5%	36.5%	32.2%	22.8%	10.3%	34.4%
Current ratio	1.36	1.48	1.69	1.44	3.17	3.39	2.14	2.00	2.39	2.41	2.49	2.21

Source: XBRL data Etsy Inc. files with the SEC, latest filing dated Oct 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ETSY peers

Company	Revenue	Growth	Net income	Net margin	Market cap
ETSY	$3.01B	+10.8%	$987.28M	32.8%	$7.62B
AMZNAmazon.com Inc.	$797.46B	+15.4%	$134.78B	16.9%	$2.89T
EBAYeBay Inc.	$12.39B	+15.7%	$2.10B	16.9%	$53.11B
WWayfair Inc.	$13.21B	+7.9%	-$160.00M	-1.2%	$15.99B
CHWYChewy Inc.	$13.07B	+5.9%	$273.70M	2.1%	$9.26B
SHOPShopify Inc.	$14.17B	+32.5%	$2.13B	15.0%	$195.63B
BABAAlibaba Group Holding Limited	CN¥1.02T	+2.7%	CN¥103.59B	10.1%	$255.28B

ETSY FAQ

9 questions

What is ETSY revenue?
Etsy Inc. (ETSY) reported $3.01B of revenue for the twelve months ended Sep 30, 2026. That is up 10.8% from the year before. Revenue for fiscal 2025 was $2.88B.
Is ETSY profitable?
Yes. Etsy Inc. earned $987.28M in net income for the twelve months ended Sep 30, 2026, a net margin of 32.8%.
How much cash and debt does ETSY have?
Etsy Inc. reported $2.07B in cash and cash equivalents and $2.99B of debt on its most recent balance sheet in SEC filings.
How fast is ETSY revenue growing?
Etsy Inc.'s revenue changed +2.7% in fiscal 2025, to $2.88B. Its compound annual growth rate was +10.8% over 5 years and +26.6% over 10 years.
What is ETSY gross margin?
Etsy Inc.'s gross profit was $2.15B on $3.01B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 71.3%.
What is ETSY free cash flow?
Etsy Inc. generated $592.49M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $598.11M less capital expenditures.
What is ETSY earnings per share?
Diluted earnings per share were $8.55 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did ETSY last report financial results?
The latest statements here come from Etsy Inc.'s 10-Q filed on Oct 28, 2026, covering the period ended Sep 30, 2026.
Where does this ETSY financial data come from?
Quantisnow builds these statements from the structured XBRL data Etsy Inc. files with the SEC. It is provided for information only and is not investment advice.