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AI brief of an SEC Form 8-K · Etsy (ETSY)

Etsy Q2 revenue rises 3.8% to $672.7 million, but net income falls 45.6%

Mixed Impact 3 of 5 earnings Written later

Etsy reported second quarter 2025 results on July 30, 2025. Revenue rose 3.8% to $672.7 million, while GMS fell 4.8% to $2.8 billion and net income dropped to $28.8 million, mainly due to a $25.4 million non-cash foreign exchange loss. The company also gave third quarter GMS guidance of $2.6 billion to $2.7 billion.

Key points

  • Revenue was $672.7 million, up 3.8% year-over-year, with a 24.0% take rate.
  • Net income was $28.8 million, down 45.6%; diluted EPS was $0.25 versus $0.41 a year earlier.
  • Third quarter 2025 guidance: GMS of $2.6 billion to $2.7 billion, take rate of about 24.5%, and adjusted EBITDA margin of about 25%.
  • Reverb sale was completed on June 2, 2025; the company repurchased about $335 million of stock in the quarter.

The filing

CompanyEtsy (ETSY)
Form8-K, current report
Filed with the SECJul 30, 2025, 7:01 AM ET
Accession number0001370637-25-000064

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.