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Etsy ETSY Total Operating Expenses

Total Operating Expenses at other companies

eBay logo
eBayEBAY
$1.68B+31.2%
Shopify logo
ShopifySHOP
$1.16B+20.5%
Wayfair logo
WayfairW
$891M-7.1%

Other financials

Income statement

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Revenue$631.3M+3.1%
Gross profit$455.6M+2.5%
Operating income$119.8M+3,194%
Net income$69.7M+234%
EPS (diluted)$0.60+222%

Balance sheet

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Cash & equivalents$1.2B+87.1%
Total debt$3.7B+56.0%
Total equity-$1.1B-24.9%
Total assets$2.7B+26.4%

Cash flow

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Operating cash flow$80.7M+64.2%
CapEx$1.5M-54.3%
Free cash flow$79.3M+72.5%

Valuation

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Market cap$7.02B-4.8%
Enterprise value$9.53B+7.8%
P/E24.6×-14.5×
P/S2.5×-0.2×

Profitability

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Gross margin72%-0.8pp
Operating margin14.3%+3.2pp
Net margin9.9%+3.2pp
FCF margin24.8%-1.0pp

Returns & leverage

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Return on equity73.9%-17.6pp
Debt / equity4.1×-0.3×
Current ratio1.7×-0.4×

Where this comes from

Reported directly by Etsy in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The official record: Etsy’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Etsy's total operating expenses?
Etsy (ETSY) reported total operating expenses of $335.75M in Q1 2026.
How has Etsy's total operating expenses changed year-over-year?
Etsy's total operating expenses decreased by 25.1% year-over-year, from $448.28M to $335.75M.
What is the long-term trend for Etsy's total operating expenses?
Over 4 years (2021 to 2025), Etsy's total operating expenses has grown at a 9.9% compound annual growth rate (CAGR), from $1.21B to $1.77B.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.