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Etsy, Inc. logo

Etsy, Inc.

ETSY

NYSEConsumer CyclicalSpecialty Retail

Open in GoAI

Previous close

$81.03

−$0.18 · -0.22%

Aug 21, 4:00 PM ET

ETSY company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

45

Fair Value

Momentum

67

Gaining

Sentiment

61

Bullish

Risk resilience

63

Moderate Risk

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Company profile

Company website

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.

Industry
Specialty Retail
Sector
Consumer Cyclical
Headquarters
US
CEO
Kruti Patel Goyal
Listed since
Apr 16, 2015
Employees
2,375

Market position

Day range

Current $81.03

52-week range

Current $81.03

Open
$82.05
Previous close
$81.21
Volume
1.63M
0.53× average
Average volume
3.06M
Average daily volume
Market cap
7.69B USD
Beta
1.82
Market reference 1
50-day average
$79.5122
+1.91% above average
200-day average
$62.776
+29.08% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
38.22×
P/B (TTM)
-5.48×
P/S (TTM)
2.69×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
72.30%
Operating margin
15.99%
Net margin
7.33%

Financial health

Debt / equity
-2.2×
Altman Z-score
1.73
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends82%43%3%-37%Gross margin, FY2021: 71.90%Gross margin, FY2022: 70.98%Gross margin, FY2023: 69.85%Gross margin, FY2024: 72.42%Gross margin, FY2025: 71.64%Operating margin, FY2021: 20.00%Operating margin, FY2022: -25.66%Operating margin, FY2023: 10.18%Operating margin, FY2024: 13.54%Operating margin, FY2025: 12.76%Net margin, FY2021: 21.19%Net margin, FY2022: -27.06%Net margin, FY2023: 11.19%Net margin, FY2024: 10.80%Net margin, FY2025: 5.65%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 71.90%. Gross margin FY2022 70.98%. Gross margin FY2023 69.85%. Gross margin FY2024 72.42%. Gross margin FY2025 71.64%. Operating margin FY2021 20.00%. Operating margin FY2022 -25.66%. Operating margin FY2023 10.18%. Operating margin FY2024 13.54%. Operating margin FY2025 12.76%. Net margin FY2021 21.19%. Net margin FY2022 -27.06%. Net margin FY2023 11.19%. Net margin FY2024 10.80%. Net margin FY2025 5.65%.

Income trends

Revenue

2.88B USD+2.68%

Operating income

367.91M USD-3.23%

Net income

162.98M USD-46.26%
Income trends across reported periods3.24B USD1.81B USD379.05M USD−1.05B USDRevenue, FY2021: 2.33B USDRevenue, FY2022: 2.57B USDRevenue, FY2023: 2.75B USDRevenue, FY2024: 2.81B USDRevenue, FY2025: 2.88B USDOperating income, FY2021: 465.73M USDOperating income, FY2022: −658.56M USDOperating income, FY2023: 279.84M USDOperating income, FY2024: 380.21M USDOperating income, FY2025: 367.91M USDNet income, FY2021: 493.51M USDNet income, FY2022: −694.29M USDNet income, FY2023: 307.57M USDNet income, FY2024: 303.28M USDNet income, FY2025: 162.98M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.33B USD. Revenue FY2022 2.57B USD. Revenue FY2023 2.75B USD. Revenue FY2024 2.81B USD. Revenue FY2025 2.88B USD. Operating income FY2021 465.73M USD. Operating income FY2022 −658.56M USD. Operating income FY2023 279.84M USD. Operating income FY2024 380.21M USD. Operating income FY2025 367.91M USD. Net income FY2021 493.51M USD. Net income FY2022 −694.29M USD. Net income FY2023 307.57M USD. Net income FY2024 303.28M USD. Net income FY2025 162.98M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.88B USD2.81B USD2.75B USD2.57B USD2.33B USD
Cost of goods sold817.8M USD774.55M USD828.68M USD744.59M USD654.51M USD
Gross profit2.07B USD2.03B USD1.92B USD1.82B USD1.67B USD
Research and development450.19M USD443.06M USD469.33M USD412.4M USD271.54M USD
Selling, general, and administrative1.25B USD1.21B USD1.1B USD1.02B USD937.34M USD
Operating expenses1.7B USD1.65B USD1.64B USD2.48B USD1.21B USD
Interest income44.49M USD30.98M USD36M USD10.96M USD2.14M USD
Interest expense18.51M USD13.81M USD14.04M USD14.17M USD9.89M USD
Depreciation and amortization101.85M USD108.07M USD91.32M USD96.7M USD74.27M USD
Operating income367.91M USD380.21M USD279.84M USD−658.56M USD465.73M USD
Net income162.98M USD303.28M USD307.57M USD−694.29M USD493.51M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
+0.16%
11 comparable reports
Latest EPS result
0.98
Estimate 0.75 · Beat by 31.19%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.090.80.510.21Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 1.03, estimate 0.94, surprise +9.57%, Beat. Q2 2025, reported Apr 30, 2025: actual 0.46, estimate 0.5, surprise -8.00%, Miss. Q3 2025, reported Jul 30, 2025: actual 0.25, estimate 0.54, surprise -53.70%, Miss. Q4 2025, reported Oct 29, 2025: actual 0.63, estimate 0.52, surprise +21.15%, Beat. Q1 2026, reported Feb 19, 2026: actual 0.92, estimate 0.88, surprise +4.55%, Beat. Q2 2026, reported Apr 29, 2026: actual 0.89, estimate 0.62, surprise +43.55%, Beat. Q3 2026, reported Aug 5, 2026: actual 0.98, estimate 0.747, surprise +31.19%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.753, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates919.69M808.48M697.28M586.07MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 852.16M USD, estimate 650.64M USD, surprise +30.97%, Beat. Q2 2025, reported Apr 30, 2025: actual 651.18M USD, estimate 643.4M USD, surprise +1.21%, Beat. Q3 2025, reported Jul 30, 2025: actual 672.66M USD, estimate 646.89M USD, surprise +3.98%, Beat. Q4 2025, reported Oct 29, 2025: actual 678.03M USD, estimate 884M USD, surprise -23.30%, Miss. Q1 2026, reported Feb 19, 2026: actual 881.64M USD, estimate 884.31M USD, surprise -0.30%, Miss. Q2 2026, reported Apr 29, 2026: actual 631.28M USD, estimate 621.44M USD, surprise +1.58%, Beat. Q3 2026, reported Aug 5, 2026: actual 668.31M USD, estimate 646.1M USD, surprise +3.44%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 667.62M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

45 ratings
Strong buy00%
Buy2249%
Hold2044%
Sell37%
Strong sell00%

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ETFs holding ETSY

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
452.59M
Weight
0.40%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.31+0.64%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
234.57M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
169.31M
Weight
0.09%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
98M
Weight
0.22%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
89.28M
Weight
0.09%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
State Street SPDR Portfolio S&P 600 Small Cap ETF logoState Street SPDR Portfolio S&P 600 Small Cap ETFSPSM
Market value
72.63M
Weight
0.43%
AUM
17.03B USD
Expense ratio
0.03%
Price / 1D
$57.28+0.61%
iShares S&P Small-Cap 600 Growth ETF logoiShares S&P Small-Cap 600 Growth ETFIJT
Market value
68.84M
Weight
0.82%
AUM
8.22B USD
Expense ratio
0.18%
Price / 1D
$173.9+0.61%
State Street SPDR S&P 600 Small Cap Growth ETF logoState Street SPDR S&P 600 Small Cap Growth ETFSLYG
Market value
44.49M
Weight
0.88%
AUM
5.07B USD
Expense ratio
0.15%
Price / 1D
$116.01+0.56%

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