What are Etsy's profit margins?

Etsy (ETSY) runs a 72.0% gross margin and a 14.3% operating margin, with a 9.9% net margin.

Where do Etsy's ratios come from?

Every ratio is computed from Etsy's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Etsy ETSY Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	72%-0.8pp	72.1%-0.3pp	72.5%+1.6pp	72.7%+2.1pp	72.8%+2.6pp
Operating margin	14.3%+3.2pp	10%-3.5pp	11%-1.1pp	11.2%-1.1pp	11.1%+1.3pp
Net margin	9.9%+3.2pp	5.7%-5.1pp	6.5%-2.7pp	5.9%-4.5pp	6.8%-4.0pp
Returns
Return on invested capital	29%+7.3pp	17.8%-12.6pp	24.3%-10.3pp	22.4%-10.6pp	21.7%-4.3pp
Efficiency
Asset turnover	1.2×0.0×	1.1×0.0×	1.1×0.0×	1.1×0.0×	1.2×+0.1×
Liquidity
Current ratio	1.7×-0.4×	1.4×-0.6×	3.2×+0.8×	3.4×+1.0×	2.1×-0.3×
Leverage
Net debt / EBITDA	4.9×+0.7×	6.2×+2.9×	4.4×+0.9×	4.5×+0.8×	4.3×-0.1×
Per Share
Book value per share	-$9.39-10.5%	-$8.85-53.6%	-$8.90-86.5%	-$9.25-94.0%	-$8.50-97.1%
Valuation
Market capitalization	$4.81B-4.8%	$5.47B-8.0%	$6.58B+3.3%	$5.57B-19.3%	$5.05B-38.0%
Price / earnings	16.9×-10.0×	33.6×+14.0×	36.1×+11.3×	33.9×+9.9×	26.8×-0.7×
Price / sales	1.7×-0.1×	1.9×-0.2×	2.3×+0.1×	2×-0.5×	1.8×-1.1×
EV / EBITDA	14.4×-2.3×	20.4×+4.9×	20.3×+2.5×	17.7×-1.6×	16.7×-10.0×

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Questions, answered.

What are Etsy's profit margins?: Etsy (ETSY) runs a 72.0% gross margin and a 14.3% operating margin, with a 9.9% net margin.
Where do Etsy's ratios come from?: Every ratio is computed from Etsy's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.