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Etsy ETSY Offsite Advertising — Direct checkout fees, percent

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Other financials

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

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Market cap$7.02B-4.8%
Enterprise value$9.53B+7.8%
P/E24.6×-14.5×
P/S2.5×-0.2×

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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Return on equity73.9%-17.6pp
Debt / equity4.1×-0.3×
Current ratio1.7×-0.4×

Where this comes from

Reported directly by Etsy in its filing.

Tagged under the XBRL concept etsy:RevenueEtsyPaymentFeesPercent.

The official record: Etsy’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Etsy's offsite advertising — direct checkout fees, percent?
Etsy (ETSY) reported offsite advertising — direct checkout fees, percent of 3.8% in Q4 2025.
How has Etsy's offsite advertising — direct checkout fees, percent changed year-over-year?
Etsy's offsite advertising — direct checkout fees, percent decreased by 0.0% year-over-year, from 3.8% to 3.8%.
What is the long-term trend for Etsy's offsite advertising — direct checkout fees, percent?
Over 4 years (2021 to 2025), Etsy's offsite advertising — direct checkout fees, percent has grown at a 0.0% compound annual growth rate (CAGR), from 15% to 15%.
What does offsite advertising — direct checkout fees, percent mean?
This metric represents the percentage-based fee charged to sellers for transactions facilitated through offsite advertising channels. It reflects the monetization rate applied to gross merchandise volume generated by external marketing efforts. Investors use this to evaluate the platform's ability to capture value from its advertising ecosystem and the sustainability of its seller-facing commission structure.