Oct 28, 7:07 AM ET
Etsy reported third-quarter 2026 revenue of $692.5 million, up 10.9% year over year, with adjusted EBITDA of $210.4 million and a 30.4% margin. The company also said CFO Lanny Baker will leave, staying in his role through March 1, 2027 and advising through July 1, 2027, and it gave a fourth-quarter GMS forecast of $3.46 billion to $3.52 billion, up 5% to 7%.
- Q3 2026 revenue $692.5 million, up 10.9% year over year; GMS $2.6 billion, up 8.8%
- Adjusted EBITDA $210.4 million, up 14.6%, a 30.4% margin
- Q4 2026 GMS outlook $3.46 billion to $3.52 billion, up 5% to 7% year over year
- Charles (Lanny) Baker to remain CFO through March 1, 2027 and advise through July 1, 2027; search for successor underway
Read the filing on SEC.gov ↗
Aug 5, 4:06 PM ET
Etsy reported second-quarter 2026 results with Etsy marketplace revenue up 9.3% year over year to $668 million, and raised its full-year 2026 adjusted EBITDA margin outlook to 29-30% from 28-30%. The company also announced a restructuring that will reduce its workforce by about 220 employees, or roughly 12%, with about $35 million in estimated charges, and its board authorized a new $2 billion share repurchase program.
- Q2 2026 Etsy marketplace GMS was $2.6 billion, up 7.5% year over year; revenue was $668 million, up 9.3% for the Etsy marketplace and 6.2% on a continuing operations basis
- Adjusted EBITDA was $195 million, a 29.2% margin; full-year 2026 GMS growth outlook is mid-single-digit, up from the prior outlook
- Restructuring plan approved August 3, 2026 cuts about 220 employees, leaving headcount near 1,600, with about $35 million in charges expected to be substantially complete by the end of Q3 2026
- New $2 billion share repurchase authorization approved August 3, 2026; Depop sale to eBay completed July 30, 2026
Read the filing on SEC.gov ↗
Jul 30, 4:06 PM ET
Etsy completed its sale of Depop to eBay on July 30, 2026, receiving approximately $1.4 billion in cash, which includes a $1.2 billion purchase price plus $200 million of net adjustments and interest. Etsy plans to use the proceeds for general corporate purposes, including the accelerated share repurchase program outlined in its April 29 Shareholder Letter. The net proceeds remain subject to post-closing adjustments, and the actual gain on sale may differ materially from the $805.0 million pro forma estimate.
- Closing date: July 30, 2026. Aggregate cash consideration is about $1.4 billion: $1.2 billion purchase price plus $200 million of net purchase price adjustments and interest.
- Net cash proceeds remain subject to post-closing adjustments under the Purchase Agreement.
- Pro forma balance sheet as of March 31, 2026 shows a gain on sale of $805.0 million; Etsy says the actual gain will be based on Depop's carrying value at closing and may differ materially.
- Etsy plans to use proceeds for general corporate purposes, including accelerating its share repurchase program. A Second Amendment to the credit agreement with JPMorgan Chase Bank, N.A. dated July 30, 2026 is filed as Exhibit 10.1.
Read the filing on SEC.gov ↗
Jul 16, 8:30 AM ET
Etsy and eBay amended their agreement for eBay to acquire Depop, Etsy's wholly owned subsidiary, on July 12, 2026. The UK Competition and Markets Authority cleared the transaction on July 15, 2026, and the parties expect it to close on July 30, 2026. The amendment also changes the termination fee terms and moves the purchase price adjustment measurement date to July 17, 2026.
- The UK Competition and Markets Authority cleared the Depop sale on July 15, 2026; closing is expected July 30, 2026.
- The Second Amendment, dated July 12, 2026, sets the termination fee payable to Etsy at $68 million for terminations after June 30, 2026 and on or before July 15, 2026, and at $158 million for terminations after July 15, 2026.
- Purchase price adjustment items, other than transaction expenses, will be measured as of 12:01am GMT on July 17, 2026, and eBay will pay interest at SOFR plus 0.40% per annum from that date through closing.
Read the filing on SEC.gov ↗
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