ETSY Stock - Etsy, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.81B | $2.75B | $2.57B | $2.33B | $1.73B |
| Gross Profit | $2.03B | $1.92B | $1.82B | $1.67B | $1.26B |
| Gross Margin | 72.4% | 69.8% | 71.0% | 71.9% | 73.1% |
| Operating Income | $380.21M | $279.84M | $-658,560,000 | $465.73M | $424.01M |
| Net Income | $303.28M | $307.57M | $-694,288,000 | $493.51M | $349.25M |
| Net Margin | 10.8% | 11.2% | -27.1% | 21.2% | 20.2% |
| EPS | $2.64 | $2.56 | $-5.48 | $3.88 | $2.88 |
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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 24th 2025 | BNP Paribas Exane | Initiation | Neutral | - |
| October 30th 2025 | Evercore ISI | Downgrade | In-line | $73 |
| October 21st 2025 | Raymond James | Reiterated | Outperform | $80← $70 |
| August 7th 2025 | Arete | Upgrade | Neutral | $54 |
| July 21st 2025 | Morgan Stanley | Upgrade | Equal Weight | $50 |
| July 10th 2025 | Citizens JMP | Resumed | Market Perform | - |
| June 11th 2025 | Arete | Downgrade | Sell | $43 |
| March 19th 2025 | JP Morgan | Initiation | Neutral | $50 |
| January 13th 2025 | Jefferies | Upgrade | Hold | $55← $45 |
| October 23rd 2024 | Needham | Resumed | Buy | $60 |
| October 15th 2024 | Goldman | Downgrade | Sell | $45← $70 |
| September 5th 2024 | Cantor Fitzgerald | Initiation | Neutral | $50 |
| August 23rd 2024 | Piper Sandler | Resumed | Neutral | $56 |
| August 1st 2024 | Oppenheimer | Downgrade | Perform | - |
| July 16th 2024 | Wolfe Research | Initiation | Peer Perform | - |
Earnings History & Surprises
ETSYEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 28, 2026 | — | — | — | — |
Q1 2026 | Feb 18, 2026 | $0.87 | — | — | — |
Q4 2025 | Oct 29, 2025 | $0.52 | $0.63 | +21.2% | ✓ BEAT |
Q3 2025 | Jul 30, 2025 | $0.54 | $0.25 | -53.7% | ✗ MISS |
Q2 2025 | Apr 30, 2025 | $0.50 | $0.46 | -8.0% | ✗ MISS |
Q1 2025 | Feb 19, 2025 | $0.94 | $1.03 | +9.6% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $0.53 | $0.45 | -15.1% | ✗ MISS |
Q3 2024 | Jul 31, 2024 | $0.45 | $0.41 | -8.9% | ✗ MISS |
Q2 2024 | May 1, 2024 | $0.49 | $0.48 | -2.0% | ✗ MISS |
Q1 2024 | Feb 21, 2024 | $0.78 | $0.62 | -20.5% | ✗ MISS |
Q4 2023 | Nov 1, 2023 | $0.51 | $0.66 | +29.4% | ✓ BEAT |
Q3 2023 | Aug 2, 2023 | $0.41 | $0.83 | +102.4% | ✓ BEAT |
Q2 2023 | May 3, 2023 | $0.55 | $0.53 | -3.6% | ✗ MISS |
Q1 2023 | Feb 22, 2023 | $0.80 | $0.77 | -3.8% | ✗ MISS |
Q4 2022 | Nov 2, 2022 | $0.37 | $0.58 | +56.8% | ✓ BEAT |
Q3 2022 | Jul 27, 2022 | $0.31 | $0.51 | +64.5% | ✓ BEAT |
Q2 2022 | May 4, 2022 | $0.60 | $0.60 | 0.0% | = MET |
Q1 2022 | Feb 24, 2022 | $0.79 | $1.11 | +40.5% | ✓ BEAT |
Q4 2021 | Nov 3, 2021 | $0.54 | $0.62 | +14.8% | ✓ BEAT |
Q3 2021 | Aug 4, 2021 | $0.63 | $0.68 | +7.9% | ✓ BEAT |
Latest News
Wedbush Maintains Neutral on Etsy, Lowers Price Target to $66
➖ NeutralEtsy Board Approves New $750M Share Repurchase Authorization
📈 PositiveCitigroup Maintains Neutral on Etsy, Lowers Price Target to $60
➖ NeutralJefferies Maintains Hold on Etsy, Lowers Price Target to $60
➖ NeutralSoros Fund Management Takes New Stake In Etsy Inc With 32,500,000 Shares.
📈 PositiveBTIG Reiterates Buy on Etsy, Maintains $81 Price Target
📈 PositiveMorgan Stanley Maintains Equal-Weight on Etsy, Raises Price Target to $65
➖ NeutralEvercore ISI Group Downgrades Etsy to In-Line, Raises Price Target to $73
➖ NeutralBarclays Maintains Equal-Weight on Etsy, Raises Price Target to $62
📈 PositiveGoldman Sachs Maintains Sell on Etsy, Raises Price Target to $57
➖ NeutralWells Fargo Maintains Underweight on Etsy, Lowers Price Target to $52
📉 NegativeRaymond James Reiterates Outperform on Etsy, Lowers Price Target to $78
➖ NeutralCanaccord Genuity Maintains Buy on Etsy, Raises Price Target to $80
📈 PositiveTruist Securities Maintains Buy on Etsy, Raises Price Target to $80
📈 PositiveNeedham Maintains Buy on Etsy, Raises Price Target to $76
📈 PositiveEtsy beats Q3 estimates but sees fewer buyers and sellers, names new CEO
➖ NeutralEtsy shares are trading lower despite reporting Q3 results that beat analyst estimates.
📉 NegativeEtsy Announces Leadership Transition As Kruti Patel Goyal Becomes CEO And Josh Silverman Moves To Executive Chair Effective January 1, 2026
➖ NeutralEtsy Sees Q4 GMS Of $3.5B-$3.65B, Adj. EBITDA Margin 24%
➖ NeutralEtsy Q3 EPS $0.63 Beats $0.53 Estimate, Sales $678.000M Beat $655.304M Estimate
📈 PositiveFrequently Asked Questions about ETSY
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