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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM 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
EBITDA margin	17.8%+4.2pp	13.6%-1.1pp	14.7%-0.4pp	15.1%+0.4pp	14.7%-2.7pp
Free cash flow margin	24.8%+1.0pp	23.8%-0.1pp	23.9%-0.1pp	24%-1.9pp	25.9%-0.4pp
Returns
Return on assets	11.9%+5.6pp	6.2%-0.9pp	7.2%+0.6pp	6.6%-1.6pp	8.1%-3.7pp
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×
Quick ratio	1.7×+0.3×	1.4×-1.7×	3.2×-0.2×	3.4×+1.3×	2.1×+0.1×
Cash ratio	1×0.0×	1×-1.2×	2.2×-0.2×	2.4×+1.2×	1.3×0.0×
Leverage
Debt-to-assets	1.4×+0.1×	1.3×+0.2×	1.2×0.0×	1.2×+0.1×	1.1×+0.1×
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%
Enterprise value	$7.32B-7.1%	$7.88B-6.2%	$8.4B+12.7%	$7.46B+9.8%	$6.79B-10.3%
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×
EV / sales	2.6×-0.2×	2.8×-0.2×	3×+0.3×	2.7×+0.2×	2.4×-0.2×
Free cash flow yield	14.8%+2.4pp	12.4%+2.2pp	10.2%-1.8pp	12.1%-2.1pp	14.2%+1.8pp
Earnings yield	5.9%+2.9pp	3%+0.2pp	2.8%-0.2pp	2.9%-0.8pp	3.7%-1.4pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Etsy.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.