ETSY
Etsy, Inc.
NYSE: ETSY · CONSUMER CYCLICAL · INTERNET RETAIL
$69.60
+10.11% today
Updated 2026-04-29
Market cap
$6.62B
P/E ratio
26.67
P/S ratio
2.28x
EPS (TTM)
$2.61
Dividend yield
—
52W range
$43 – $77
Volume
3.5M
Etsy, Inc. (ETSY) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $74.60M | $125.02M | $195.59M | $273.50M | $364.97M | $441.23M | $603.69M | $818.38M | $1.73B | $2.33B | $2.57B | $2.75B | $2.81B | $2.88B |
| Revenue growth (YoY) | — | +67.6% | +56.4% | +39.8% | +33.4% | +20.9% | +36.8% | +35.6% | +110.9% | +35.0% | +10.2% | +7.1% | +2.2% | +2.7% |
| Cost of revenue | $24.49M | $47.78M | $73.63M | $96.98M | $123.33M | $150.99M | $190.76M | $271.04M | $464.75M | $654.51M | $744.59M | $828.67M | $774.55M | $817.80M |
| Gross profit | $50.11M | $77.24M | $121.96M | $176.52M | $241.64M | $290.25M | $412.93M | $547.34M | $1.26B | $1.67B | $1.82B | $1.92B | $2.03B | $2.07B |
| Gross margin | 67.2% | 61.8% | 62.4% | 64.5% | 66.2% | 65.8% | 68.4% | 66.9% | 73.1% | 71.9% | 71.0% | 69.8% | 72.4% | 71.6% |
| R&D | $18.65M | $27.55M | $36.63M | $42.69M | $55.08M | $74.62M | $97.25M | $121.88M | $180.08M | $271.54M | $412.40M | $469.33M | $443.06M | $450.19M |
| SG&A | $21.91M | $31.11M | $51.92M | $68.94M | $86.18M | $91.49M | $82.88M | $121.13M | $156.03M | $282.53M | $312.26M | $343.24M | $353.95M | $332.77M |
| Operating income | $-1.35M | $733000.00 | $-6.25M | $-1.88M | $17.58M | $11.90M | $74.79M | $88.76M | $424.01M | $465.73M | $-658.56M | $279.84M | $380.21M | $266.21M |
| Operating margin | -1.8% | 0.6% | -3.2% | -0.7% | 4.8% | 2.7% | 12.4% | 10.8% | 24.6% | 20.0% | -25.7% | 10.2% | 13.5% | 9.2% |
| EBITDA | $5.89M | $12.74M | $7.55M | $-7.92M | $26.85M | $70.59M | $104.00M | $153.00M | $465.92M | $555.81M | $-551.11M | $398.19M | $532.65M | $333.07M |
| EBITDA margin | 7.9% | 10.2% | 3.9% | -2.9% | 7.4% | 16.0% | 17.2% | 18.7% | 27.0% | 23.9% | -21.5% | 14.5% | 19.0% | 11.6% |
| EBIT | $-2.04M | $360000.00 | $-9.67M | $-26.47M | $4.33M | $43.40M | $77.26M | $104.97M | $407.73M | $481.54M | $-647.81M | $306.86M | $424.58M | $256.12M |
| Interest expense | $486000.00 | $302000.00 | $590000.00 | $1.53M | $7.20M | $11.13M | $22.18M | $24.32M | $42.02M | $9.88M | $14.17M | $14.04M | $13.81M | $9.46M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-2.38M | $-796000.00 | $-15.24M | $-54.06M | $-29.90M | $81.80M | $77.49M | $95.89M | $349.25M | $493.51M | $-694.29M | $307.57M | $303.28M | $162.98M |
| Net income growth (YoY) | — | +66.6% | -1814.9% | -254.7% | +44.7% | +373.6% | -5.3% | +23.7% | +264.2% | +41.3% | -240.7% | +144.3% | -1.4% | -46.3% |
| Profit margin | -3.2% | -0.6% | -7.8% | -19.8% | -8.2% | 18.5% | 12.8% | 11.7% | 20.2% | 21.2% | -27.1% | 11.2% | 10.8% | 5.7% |