What is Etsy's gross profit?

Etsy (ETSY) reported gross profit of $455.6M in Q1 2026.

How has Etsy's gross profit changed year-over-year?

Etsy's gross profit increased by 2.5% year-over-year, from $444.4M to $455.6M.

What is the long-term trend for Etsy's gross profit?

Over 4 years (2021 to 2025), Etsy's gross profit has grown at a 5.2% compound annual growth rate (CAGR), from $1.67B to $2.05B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Etsy ETSY Gross Profit

Gross Profit at other companies

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$2.29B+21.1%

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$1.55B+32.2%

WayfairW

$880M+5.1%

Pinterest, Inc.PINS

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Other financials

Income statement

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Revenue$631.3M+3.1%

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.

$631.3Mtotal revenue−$175.7Mtotal cost of revenue=$455.6M

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 gross profit?: Etsy (ETSY) reported gross profit of $455.6M in Q1 2026.
How has Etsy's gross profit changed year-over-year?: Etsy's gross profit increased by 2.5% year-over-year, from $444.4M to $455.6M.
What is the long-term trend for Etsy's gross profit?: Over 4 years (2021 to 2025), Etsy's gross profit has grown at a 5.2% compound annual growth rate (CAGR), from $1.67B to $2.05B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.