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Etsy ETSY Stock-Based Comp

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Other financials

Income statement

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Revenue$668.3M+6.2%
Gross profit$484.0M+5.1%
Operating income$125.3M+33.1%
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:ShareBasedCompensation.

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 itemSix Months Ended June 30, 20262025
Net loss from discontinued operations(195,971)(33,807)
Net income from continuing operations219,00110,551
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:
Stock-based compensation expense104,147109,099
Depreciation and amortization expense30,54431,787
Provision for expected credit losses2,6504,908
Deferred provision (benefit) for income taxes18,447(1,018)
Asset impairment charge101,703

Item 1. Financial Statements (Unaudited)

FAQ

What is Etsy's stock-based comp?
Etsy (ETSY) reported stock-based comp of $51.18M in Q2 2026.
How has Etsy's stock-based comp changed year-over-year?
Etsy's stock-based comp decreased by 3.3% year-over-year, from $52.92M to $51.18M.
What is the long-term trend for Etsy's stock-based comp?
Over 4 years (2021 to 2025), Etsy's stock-based comp has grown at a 15.0% compound annual growth rate (CAGR), from $139.91M to $244.75M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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