Etsy (ETSY)

NYSE Consumer Discretionary Broadline Retail S&P SmallCap 600

$89.93

-1.60 (-1.75%)

Close of Nov 06, 2026 · end-of-day data

Source: Etsy's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$364.97M	$441.23M	$603.69M	$818.38M	$1.73B	$2.33B	$2.57B	$2.75B	$2.81B	$2.88B
Cost of revenue	$123.33M	$150.99M	$190.76M	$271.04M	$464.75M	$654.51M	$744.59M	$828.67M	$774.55M	$817.80M
Gross profit	$241.64M	$290.25M	$412.93M	$547.34M	$1.26B	$1.67B	$1.82B	$1.92B	$2.03B	$2.07B
Research & development	$55.08M	$74.62M	$97.25M	$121.88M	$180.08M	$271.54M	$412.40M	$469.33M	$443.06M	$450.19M
Operating income	$17.58M	$11.90M	$74.79M	$88.76M	$424.01M	$465.73M	-$658.56M	$279.84M	$380.21M	$266.21M
Interest expense	$7.20M	$11.13M	$22.18M	$24.32M	$42.02M	$9.88M	$14.17M	$14.04M	$13.81M	$18.51M
Pre-tax income	-$2.88M	$32.27M	$55.08M	$80.65M	$365.71M	$471.65M	-$661.98M	$292.82M	$410.77M	$246.66M
Income tax	$27.02M	-$49.53M	-$22.41M	-$15.25M	$16.46M	-$21.85M	$32.31M	-$14.75M	$107.49M	$83.68M
Net income	-$29.90M	$81.80M	$77.49M	$95.89M	$349.25M	$493.51M	-$694.29M	$307.57M	$303.28M	$162.98M
EBITDA	$40.10M	$39.09M	$101.53M	$136.79M	$482.20M	$540.00M	-$561.86M	$371.16M	$488.28M	$368.06M
EPS (basic)	$-0.26	$0.69	$0.64	$0.80	$2.88	$3.88	$-5.48	$2.51	$2.64	$1.59
EPS (diluted)	$-0.26	$0.68	$0.61	$0.76	$2.69	$3.40	$-5.48	$2.24	$2.35	$1.39
Diluted shares	113.56M	122.27M	127.08M	125.72M	136.41M	146.68M	126.78M	140.15M	131.72M	124.11M
Gross margin	66.2%	65.8%	68.4%	66.9%	73.1%	71.9%	71.0%	69.8%	72.4%	71.6%
Operating margin	4.8%	2.7%	12.4%	10.8%	24.6%	20.0%	-25.7%	10.2%	13.5%	9.2%
Net margin	-8.2%	18.5%	12.8%	11.7%	20.2%	21.2%	-27.1%	11.2%	10.8%	5.7%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$181.59M	$315.44M	$366.99M	$443.29M	$1.24B	$780.20M	$921.28M	$914.32M	$811.18M	$1.36B
Short-term investments	$100.49M	$25.11M	$257.30M	$373.96M	$425.12M	$204.42M	$250.41M	$236.12M	$228.32M	$224.09M
Receivables	$26.43M	$33.68M	$12.24M	$15.39M	$22.61M	$27.27M	$27.89M	$24.73M	$8.70M	$8.69M
Total current assets	$371.03M	$439.26M	$680.29M	$921.04M	$1.89B	$1.34B	$1.51B	$1.57B	$1.33B	$1.96B
Goodwill	$35.66M	$38.54M	$37.48M	$138.73M	$140.81M	$1.37B	$137.72M	$138.38M	$137.09M	$38.07M
Total assets	$581.19M	$605.58M	$901.85M	$1.54B	$2.40B	$3.83B	$2.63B	$2.69B	$2.42B	$2.83B
Total current liabilities	$84.01M	$102.48M	$112.06M	$188.53M	$454.66M	$615.59M	$631.75M	$710.78M	$665.11M	$1.36B
Short-term debt	—	—	—	—	—	—	—	—	$0	$649.01M
Long-term debt	—	$0	$276.49M	$785.13M	$1.06B	$2.28B	$2.28B	$2.28B	$2.29B	$2.33B
Total debt	—	$0	$276.49M	$785.13M	$1.06B	$2.28B	$2.28B	$2.28B	$2.29B	$2.98B
Total liabilities	$236.44M	$208.69M	$500.95M	$1.14B	$1.66B	$3.20B	$3.18B	$3.23B	$3.18B	$3.93B
Shareholders' equity	$344.76M	$396.89M	$400.90M	$406.63M	$742.42M	$628.62M	-$547.27M	-$543.72M	-$758.87M	-$1.10B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$47.96M	$69.10M	$198.93M	$206.92M	$678.96M	$651.55M	$683.61M	$705.51M	$752.47M	$693.41M
Capital expenditures	$35.98M	$3.95M	$1.02M	$7.53M	$1.45M	$11.25M	$10.24M	$12.95M	$14.21M	$15.39M
Free cash flow	$11.98M	$65.15M	$197.91M	$199.39M	$677.51M	$640.30M	$673.38M	$692.56M	$738.26M	$678.03M
Investing cash flow	-$135.43M	$61.84M	-$285.39M	-$488.37M	-$11.38M	-$1.56B	-$30.02M	-$73.31M	-$53.10M	$32.08M
Financing cash flow	-$524.00K	$6.55M	$144.01M	$359.61M	$119.28M	$452.75M	-$506.48M	-$656.53M	-$787.17M	-$169.88M
Share buybacks	$0	$10.30M	$134.65M	$176.99M	$268.65M	$302.77M	$425.73M	$576.97M	$723.90M	$776.90M
Stock-based compensation	$15.90M	$26.56M	$38.23M	$44.40M	$65.11M	$139.91M	$230.89M	$284.56M	$282.85M	$244.75M
Depreciation & amortization	$22.52M	$27.20M	$26.74M	$48.03M	$58.19M	$74.27M	$96.70M	$91.32M	$108.07M	$101.84M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$842.32M	$645.95M	$647.81M	$662.41M	$852.16M	$612.20M	$629.13M	$624.15M	$1.02B	$631.28M	$668.31M	$692.47M
Cost of revenue	$255.76M	$187.13M	$184.09M	$185.64M	$217.69M	$167.80M	$168.62M	$166.23M	$315.15M	$175.68M	$184.27M	$189.32M
Gross profit	$586.57M	$458.82M	$463.72M	$476.77M	$634.47M	$444.40M	$460.51M	$457.92M	$702.87M	$455.60M	$484.05M	$503.14M
Research & development	$117.49M	$109.85M	$114.49M	$107.25M	$111.47M	$100.81M	$99.33M	$99.77M	$150.29M	$99.05M	$100.92M	$110.78M
Operating income	$115.46M	$68.09M	$70.17M	$86.82M	$155.13M	-$3.87M	$94.10M	$111.00M	$64.98M	$119.85M	$125.27M	$111.43M
Interest expense	—	—	$3.46M	$3.44M	$3.42M	—	$3.77M	$5.68M	$5.65M	—	$5.63M	$5.62M
Pre-tax income	$109.17M	$79.66M	$78.98M	$73.81M	$178.33M	-$14.59M	$68.91M	$120.15M	$72.20M	$129.26M	$134.97M	$128.70M
Income tax	$25.90M	$16.65M	$25.97M	$16.44M	$48.43M	$20.50M	$23.27M	$15.55M	$24.36M	$24.60M	$20.63M	$15.06M
Net income	$83.27M	$63.00M	$53.01M	$57.37M	$129.91M	-$52.10M	$28.84M	$75.50M	$110.73M	$69.68M	-$46.65M	$853.52M
EBITDA	$138.49M	$94.94M	$97.26M	$114.56M	$181.53M	$13.32M	$108.70M	$124.30M	$121.74M	$135.16M	$140.50M	$127.49M
EPS (basic)	$0.69	$0.53	$0.46	$0.50	$1.15	$-0.49	$0.28	$0.76	$1.09	$0.72	$-0.49	$9.37
EPS (diluted)	$0.62	$0.48	$0.41	$0.45	$1.01	$-0.49	$0.25	$0.63	$0.92	$0.60	$-0.36	$7.31
Diluted shares	-901.00K	135.34M	133.12M	130.75M	-1.40M	107.08M	121.51M	124.96M	90.00K	121.03M	119.96M	117.23M
Gross margin	69.6%	71.0%	71.6%	72.0%	74.5%	72.6%	73.2%	73.4%	69.0%	72.2%	72.4%	72.7%
Operating margin	13.7%	10.5%	10.8%	13.1%	18.2%	-0.6%	15.0%	17.8%	6.4%	19.0%	18.7%	16.1%
Net margin	9.9%	9.8%	8.2%	8.7%	15.2%	-8.5%	4.6%	12.1%	10.9%	11.0%	-7.0%	123.3%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$914.32M	$788.84M	$759.21M	$818.94M	$811.18M	$617.88M	$1.15B	$1.21B	$1.36B	$1.21B	$901.28M	$2.07B
Short-term investments	$236.12M	$254.88M	$240.68M	$226.02M	$228.32M	$218.50M	$228.98M	$259.21M	$224.09M	$211.39M	$221.01M	$245.04M
Receivables	$24.73M	$16.54M	$10.32M	$8.64M	$8.70M	$8.95M	$6.47M	$7.41M	$8.69M	$8.71M	$8.66M	$8.95M
Total current assets	$1.57B	$1.40B	$1.36B	$1.32B	$1.33B	$1.11B	$1.65B	$1.79B	$1.96B	$2.11B	$1.88B	$2.60B
Goodwill	$138.38M	$137.89M	$137.74M	$138.62M	$137.09M	$36.24M	$38.07M	$38.06M	$38.07M	$37.60M	$37.41M	$37.28M
Total assets	$2.69B	$2.50B	$2.45B	$2.44B	$2.42B	$2.12B	$2.56B	$2.65B	$2.83B	$2.68B	$2.44B	$3.17B
Total current liabilities	$710.78M	$565.12M	$564.49M	$552.96M	$665.11M	$519.14M	$486.36M	$565.07M	$1.36B	$1.25B	$1.27B	$1.92B
Short-term debt	—	—	—	—	$0	—	—	—	$649.01M	$649.30M	$649.59M	$1.30B
Long-term debt	$2.28B	$2.28B	$2.29B	$2.29B	$2.29B	$2.29B	$2.98B	$2.98B	$2.33B	$2.33B	$2.34B	$1.69B
Total debt	$2.28B	$2.28B	$2.29B	$2.29B	$2.29B	$2.29B	$2.98B	$2.98B	$2.98B	$2.98B	$2.99B	$2.99B
Total liabilities	$3.23B	$3.08B	$3.08B	$3.07B	$3.18B	$3.03B	$3.68B	$3.77B	$3.93B	$3.82B	$3.83B	$3.85B
Shareholders' equity	-$543.72M	-$583.76M	-$635.00M	-$624.30M	-$758.87M	-$910.30M	-$1.12B	-$1.11B	-$1.10B	-$1.14B	-$1.40B	-$677.84M

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$295.11M	$69.03M	$151.06M	$217.42M	$314.96M	$49.18M	$108.14M	$218.97M	$317.12M	$80.74M	$40.55M	$159.69M
Capital expenditures	$5.20M	$2.26M	$3.65M	$4.27M	$4.03M	$3.25M	$6.85M	$3.79M	$1.50M	$1.48M	$1.23M	$1.40M
Free cash flow	$289.91M	$66.78M	$147.41M	$213.15M	$310.93M	$45.94M	$101.28M	$215.18M	$315.63M	$79.26M	$39.32M	$158.28M
Investing cash flow	-$19.32M	-$25.11M	-$2.64M	-$9.02M	-$16.34M	-$20.68M	$76.22M	-$24.02M	$552.00K	-$16.52M	-$30.53M	$1.29B
Financing cash flow	-$115.70M	-$163.01M	-$175.25M	-$166.53M	-$282.38M	-$204.78M	$326.85M	-$126.65M	-$165.29M	-$158.45M	-$270.86M	-$414.48M
Share buybacks	$92.98M	$158.34M	$150.38M	$155.59M	$259.58M	$189.18M	$334.68M	$119.82M	$133.23M	$145.22M	$249.70M	$394.51M
Stock-based compensation	$68.48M	$70.68M	$74.72M	$69.29M	$68.16M	$56.18M	$52.92M	$55.12M	$80.52M	$52.96M	$51.18M	$45.70M
Depreciation & amortization	$23.03M	$26.85M	$27.09M	$27.74M	$26.40M	$17.19M	$14.60M	$13.30M	$56.76M	$15.31M	$15.23M	$16.06M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.