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%-0.1pp	72.1%-0.4pp	72.5%-0.2pp	72.7%-0.1pp	72.8%+0.4pp
Operating margin	14.3%+4.3pp	10%-1.0pp	11%-0.2pp	11.2%+0.1pp	11.1%-2.4pp
Net margin	9.9%+4.2pp	5.7%-0.7pp	6.5%+0.6pp	5.9%-0.9pp	6.8%-4.0pp
Returns
Return on invested capital	29%+11.2pp	17.8%-6.6pp	24.3%+1.9pp	22.4%+0.7pp	21.7%-8.7pp
Efficiency
Asset turnover	1.2×+0.1×	1.1×0.0×	1.1×0.0×	1.1×-0.1×	1.2×+0.1×
Liquidity
Current ratio	1.7×+0.3×	1.4×-1.7×	3.2×-0.2×	3.4×+1.3×	2.1×+0.1×
Leverage
Net debt / EBITDA	4.9×-1.3×	6.2×+1.8×	4.4×-0.1×	4.5×+0.2×	4.3×+1.0×
Per Share
Book value per share	-$9.39-6.2%	-$8.85+0.6%	-$8.90+3.8%	-$9.25-8.9%	-$8.50-47.6%
Valuation
Market capitalization	$4.81B-12.1%	$5.47B-16.8%	$6.58B+18.2%	$5.57B+10.2%	$5.05B-15.1%
Price / earnings	16.9×-16.7×	33.6×-2.5×	36.1×+2.2×	33.9×+7.1×	26.8×+7.2×
Price / sales	1.7×-0.2×	1.9×-0.4×	2.3×+0.3×	2×+0.2×	1.8×-0.3×
EV / EBITDA	14.4×-6.0×	20.4×+0.1×	20.3×+2.6×	17.7×+1.0×	16.7×+1.2×

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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.