Etsy Q1 marketplace GMS up 5.5% to $2.5 billion; full-year GMS outlook raised
Etsy reported first-quarter 2026 results on April 29, 2026, with Etsy marketplace GMS of $2.5 billion, up 5.5% year over year, and revenue of $631 million. The company now expects low single-digit full-year GMS growth, which it said improved from its mid-February view, while the $1.2 billion sale of Depop to eBay is expected to close by the end of the third quarter of 2026.
Key points
- Etsy marketplace GMS was $2.5 billion, up 5.5% year over year; revenue was $631 million and take rate was 25.7%.
- Adjusted EBITDA was $185 million, a 29.3% margin; operating cash flow from continuing operations was $102.5 million.
- Q2 2026 GMS outlook is $2.48 billion to $2.53 billion; full-year Etsy marketplace GMS growth is expected to be in the low single-digit range.
- The Depop sale to eBay is priced at $1.2 billion with closing expected by the end of Q3 2026; Etsy repurchased about $145 million of stock in Q1.
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 April 29, 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.