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Etsy

ETSY

Etsy operates a global portfolio of two-sided online marketplaces that connect creative entrepreneurs with buyers seeking unique, handcrafted, and vintage goods.

Market cap
$7.96B+23.1%
Revenue$2.9B+3.2%
Net income$284.8M+51.3%
Free cash flow$711.4M-0.9%
EPS (diluted)$2.40+73.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$646.1M
EPS estimate$1.17

Financials

Q1 2026

Income statement

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Revenue$631.3M+3.1%
Gross profit$455.6M+2.5%
Operating income$119.8M+3,194%
Net income$69.7M+234%
EPS (diluted)$0.60+222%

Balance sheet

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Cash & equivalents$1.2B+87.1%
Total debt$3.7B+56.0%
Total equity-$1.1B-24.9%
Total assets$2.7B+26.4%

Cash flow

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Operating cash flow$80.7M+64.2%
CapEx$1.5M-54.3%
Free cash flow$79.3M+72.5%

Valuation & ratios

Valuation

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Market cap$7.96B+23.1%
Enterprise value$10.47B+24.1%
P/E27.9×-12.0×
P/S2.8×+0.4×

Profitability

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Gross margin72%-0.8pp
Operating margin14.3%+3.2pp
Net margin9.9%+3.2pp
FCF margin24.8%-1.0pp

Returns & leverage

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Current ratio1.7×-0.4×

Segments

By product

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Marketplace revenue$432.8M+1.1%
Services revenue$198.5M+7.9%

Competitors

Profile

Etsy operates a global portfolio of two-sided online marketplaces that connect creative entrepreneurs with buyers seeking unique, handcrafted, and vintage goods. The company focuses on an asset-light business model that leverages innovative technology and machine learning to facilitate human-centric commerce without holding physical inventory. Its core value proposition centers on providing a platform for independent artisans to scale their businesses while offering consumers highly differentiated, personalized alternatives to mass-market retail.

Competitive position

A leading global platform for unique and creative goods with a dominant position in the handmade and vintage e-commerce niche.

GeographiesUnited States, United Kingdom, Germany, France, Canada, Australia
Customer segmentsB2C, C2C, Small Business Owners
Business modelMarketplace, Transaction-based, Advertising-supported, Asset-light
SuppliersCloud infrastructure providers, Digital marketing platforms, Payment processors, Software and AI tool developers
CustomersIndividual retail consumers, Gift buyers, Small business entrepreneurs
Listed2015
Employees2.4K
CEOKruti Patel Goyal
Websiteetsy.com
FilingsSEC EDGAR

Questions, answered.

What is Etsy's market cap?
Etsy (ETSY) has a market capitalization of $8.0B and trades on NASDAQ.
What is Etsy's revenue and profitability?
Etsy generated $2.9B in trailing twelve-month revenue with net income of $284.8M, representing a net margin of 9.9%. Gross margin stands at 72.0%, with free cash flow of $711.4M. These figures are based on the Q1 2026 filing.
Who are Etsy's competitors?
Etsy's key competitors include Shopify, Amazon, Pinterest, and others. These companies compete in similar markets and product categories.
Who does Etsy partner with?
Etsy's notable partners include eBay Inc., Google, Ipsos, and others.
What subsidiaries does Etsy have?
Etsy's subsidiaries include Depop Limited.
Where is Etsy headquartered?
Etsy is headquartered in United States of America and employs approximately 2,420 people. It has been publicly traded since 2015.