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Etsy ETSY Operating Income

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Other financials

Income statement

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Revenue$668.3M+6.2%
Gross profit$484.0M+5.1%
Net income-$46.7M-262%
EPS (diluted)-$0.36-244%

Balance sheet

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Cash & equivalents$901.3M-23.8%
Total debt$3.7B+21.1%
Total equity-$1.4B-24.1%
Total assets$2.4B-4.6%

Cash flow

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Operating cash flow$40.6M-62.5%
CapEx$1.2M-82.0%
Free cash flow$39.3M-61.2%

Valuation

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Market cap$8.15B+46.3%
Enterprise value$10.97B+47.0%
P/E38.9×+5.0×
P/S2.9×+0.8×

Profitability

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Gross margin72.3%-0.9pp
Operating margin16%+3.9pp
Net margin7.3%+1.4pp
FCF margin22.7%-1.6pp

Returns & leverage

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Return on equity73.9%
Debt / equity4.1×
Current ratio1.5×-1.9×

Where this comes from

Reported directly by Etsy in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Etsy’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001370637-26-000080
Line itemThree Months Ended June 30, 20262025Six Months Ended June 30, 20262025
General and administrative66,92876,029129,389149,935
Asset impairment charge101,703
Total operating expenses358,777366,408694,529814,684
Income from operations125,26894,100245,11490,227
Other income (expense):
Interest expense(5,630)(3,773)(11,278)(7,177)
Interest and other income11,5159,03124,12917,337
Foreign exchange gain (loss)3,818(25,356)6,266(40,972)

Item 1. Financial Statements (Unaudited)

FAQ

What is Etsy's operating income?
Etsy (ETSY) reported operating income of $125.27M in Q2 2026.
How has Etsy's operating income changed year-over-year?
Etsy's operating income increased by 33.1% year-over-year, from $94.1M to $125.27M.
What is the long-term trend for Etsy's operating income?
Over 3 years (2021 to 2025), Etsy's operating income has grown at a -13.4% compound annual growth rate (CAGR), from $465.73M to $302.34M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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