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Etsy ETSY Q4 2025 Annual earnings

Reported February 19, 2026 · Before market open

Revenue$881.6MMiss by $2.7M
EPS$0.92Beat by $0.04
Revenue estimate$884.3M
EPS estimate$0.88

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$881.6M+3.5%
Gross profit$644.1M+1.5%
Operating income$129.4M-16.6%
Net income$110.7M-14.8%
EPS (diluted)$0.92-8.9%

Balance sheet

See full
Cash & equivalents$1.4B+67.1%
Total debt$3.8B+54.6%
Total equity-$1.1B-44.7%
Total assets$2.8B+16.9%

Cash flow

See full
Operating cash flow$317.1M+0.7%
CapEx$1.3M-68.6%
Free cash flow$315.9M+1.6%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$5.47B-8.0%
Enterprise value$7.88B+4.1%
P/E33.6×+14.0×
P/S1.9×-0.2×

Profitability

See full
Gross margin72.1%-0.3pp
Operating margin10%-3.5pp
Net margin5.7%-5.1pp
FCF margin23.8%-2.5pp

Returns & leverage

See full
Current ratio1.4×-0.6×

Segments

By product

See full
Marketplace revenue$612.4M+0.8%

Versus estimates

Revenue

Q1 2026$631.3MBeat by $9.8M
Q4 2025$881.6MMiss by $2.7M
Q3 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 $0.04
Q3 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 Q4 2025 earnings?
Etsy (ETSY) reported Q4 2025 earnings on February 19, 2026 before market open.
What were Etsy's Q4 2025 revenue and EPS?
Etsy reported revenue of $881.6M and eps of $0.92 for Q4 2025.
Did Etsy beat estimates in Q4 2025?
Revenue missed the consensus estimate of $884.3M by $2.7M. EPS beat the consensus estimate of $0.88 by $0.04.
How did Etsy's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.5% from $852.2M a year earlier and eps declined 10.7% from $1.03.
Where can I find Etsy's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001370637-26-000012) and the 10-K periodic report (0001370637-26-000019) directly on SEC EDGAR. The filing index links above go to sec.gov.