What is Etsy's EV / EBITDA?

Etsy (ETSY) reported EV / EBITDA of 14.4× in Q1 2026.

How has Etsy's EV / EBITDA changed year-over-year?

Etsy's EV / EBITDA decreased by 13.7% year-over-year, from 16.7× to 14.4×.

What is the long-term trend for Etsy's EV / EBITDA?

Over 4 years (2020 to 2025), Etsy's EV / EBITDA has grown at a -18.7% compound annual growth rate (CAGR), from 46.6× to 20.4×.

What does EV / EBITDA mean?

Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

Etsy ETSY EV / EBITDA

EV / EBITDA at other companies

AmazonAMZN

16.3×-0.3×

eBayEBAY

16.4×+2.9×

Pinterest, Inc.PINS

38.2×-51.9×

ShopifySHOP

91.2×-9.5×

WayfairW

29.7×-385×

Mercado LibreMELI

21.6×-7.6×

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

Calculated from Etsy’s reported figures.

enterprise value/ebitda=14.4×

Based on the most recent quarter.

The official record: Etsy’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Etsy's EV / EBITDA?: Etsy (ETSY) reported EV / EBITDA of 14.4× in Q1 2026.
How has Etsy's EV / EBITDA changed year-over-year?: Etsy's EV / EBITDA decreased by 13.7% year-over-year, from 16.7× to 14.4×.
What is the long-term trend for Etsy's EV / EBITDA?: Over 4 years (2020 to 2025), Etsy's EV / EBITDA has grown at a -18.7% compound annual growth rate (CAGR), from 46.6× to 20.4×.
What does EV / EBITDA mean?: Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.