Etsy Q4 revenue rises 3.5% as profit falls; agrees to sell Depop to eBay for $1.2B
Etsy reported fourth quarter 2025 revenue of $881.6 million, up 3.5% from a year earlier as reported, while net income fell 14.8% to $110.7 million and diluted earnings per share fell to $0.92 from $1.03. The company also agreed to sell its Depop unit to eBay for $1.2 billion in cash, with closing expected in the second quarter of 2026, and guided to slight gross merchandise sales growth for 2026 on continuing operations.
Key points
- Q4 2025 gross merchandise sales (GMS) were $3.59 billion, down 3.8% as reported and up 2.4% excluding Reverb, which Etsy sold on June 2, 2025.
- Full-year 2025 net income was $163.0 million, down 46.3%, and diluted EPS was $1.39 versus $2.35 in 2024.
- Etsy agreed to sell Depop to eBay Inc. for $1.2 billion in cash; closing is expected in the second quarter of 2026.
- First quarter 2026 GMS guidance is $2.38 billion to $2.43 billion, with the company expecting slight GMS growth for full-year 2026.
The filing
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 February 19, 2026.
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.