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Etsy ETSY Q1 2026 earnings

Reported April 29, 2026 · Before market open

Revenue$631.3MBeat by $9.8M
EPS$0.89Beat by $0.27
Revenue estimate$621.4M
EPS estimate$0.62

Next report

Aug 5, 2026 (In 6 days)
Revenue estimate$646.1M
EPS estimate$1.17

Financials

Q1 2026

Income statement

See full
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

See full
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

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

Valuation & ratios

Valuation

as of 07/28/26
See full
Market cap$7.96B+21.6%
Enterprise value$10.47B+24.1%
P/E27.9×-12.0×
P/S2.8×+0.4×

Profitability

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

Returns & leverage

See full
Current ratio1.7×-0.4×

Segments

By product

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

Versus estimates

Revenue

Q1 2026$631.3MBeat by $9.8M
Q4 2025$881.6MMiss by $2.7MQ3 2025$678.0MMiss by $206.0MQ2 2025$672.7MBeat by $25.8MQ1 2025$651.2MBeat by $7.8MQ4 2024$852.2MBeat by $201.5M

Diluted EPS

Q1 2026$0.89Beat by $0.27
Q4 2025$0.92Beat by $0.04Q3 2025$0.63Beat by $0.11Q2 2025$0.25Miss by $0.29Q1 2025$0.46Miss by $0.04Q4 2024$1.03Beat by $0.09

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Questions, answered.

When did Etsy report Q1 2026 earnings?
Etsy (ETSY) reported Q1 2026 earnings on April 29, 2026 before market open.
What were Etsy's Q1 2026 revenue and EPS?
Etsy reported revenue of $631.3M and eps of $0.89 for Q1 2026.
Did Etsy beat estimates in Q1 2026?
Revenue beat the consensus estimate of $621.4M by $9.8M. EPS beat the consensus estimate of $0.62 by $0.27.
How did Etsy's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 3.1% from $651.2M a year earlier and eps grew 93.5% from $0.46.
Where can I find Etsy's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001370637-26-000042) and the 10-Q periodic report (0001370637-26-000044) directly on SEC EDGAR. The filing index links above go to sec.gov.