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ETSY (Etsy, Inc.) Stock Financials & Earnings | Market Cap Arena
ETSY
Etsy, Inc.
Mkt Cap
$5B
Consumer Cyclical
·
Specialty Retail
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$2.9B
Net Income (TTM)
$163M
EPS (TTM)
$1.35
Free Cash Flow (TTM)
$699M
Gross Margin
71.6%
Op. Margin
9.3%
Net Margin
5.7%
FCF Margin
24.3%
P/S Ratio (TTM)
1.8x
P/E Ratio (TTM)
32.6x
YoY Rev Growth
+2.7%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$641M
$445M
$78M
Q2 23
$629M
$440M
-$2M
Q3 23
$636M
$447M
$89M
Q4 23
$842M
$587M
$115M
Q1 24
$646M
$459M
$68M
Q2 24
$648M
$464M
$70M
Q3 24
$662M
$477M
$87M
Q4 24
$852M
$634M
$155M
Q1 25
$651M
$459M
-$22M
Q2 25
$673M
$479M
$76M
Q3 25
$678M
$483M
$83M
Q4 25
$882M
$644M
$130M
marketcaparena.com
Revenue Breakdown
ETSY
Etsy, Inc.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
2.0x
—
Q2 23
2.0x
—
Q3 23
2.0x
15.9x
Q4 23
1.9x
17.3x
Q1 24
1.9x
18.0x
Q2 24
1.9x
18.5x
Q3 24
1.9x
20.7x
Q4 24
1.9x
17.5x
Q1 25
1.9x
28.3x
Q2 25
1.9x
32.4x
Q3 25
1.9x
29.2x
Q4 25
1.8x
32.6x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$56M
$47M
Q2 23
$136M
$128M
Q3 23
$219M
$208M
Q4 23
$295M
$283M
Q1 24
$69M
$59M
Q2 24
$151M
$141M
Q3 24
$217M
$227M
Q4 24
$315M
$304M
Q1 25
$49M
$46M
Q2 25
$108M
$101M
Q3 25
$219M
$205M
Q4 25
$317M
$347M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$8M
Q2 23
$8M
Q3 23
$11M
Q4 23
$13M
Q1 24
$10M
Q2 24
$10M
Q3 24
$10M
Q4 24
$10M
Q1 25
$3M
Q2 25
$7M
Q3 25
$14M
Q4 25
$30M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+10.6%
+13.7%
Q2 23
+7.5%
+23.2%
Q3 23
+7.0%
-64.6%
Q4 23
+4.3%
+8.8%
Q1 24
+0.8%
+2.7%
Q2 24
+3.0%
-8.5%
Q3 24
+4.1%
+5.1%
Q4 24
+1.2%
-4.1%
Q1 25
+0.8%
+16.6%
Q2 25
+3.8%
+3.2%
Q3 25
+2.4%
+3.4%
Q4 25
+3.5%
+7.8%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$69M
10.7%
Q2 23
$77M
12.3%
Q3 23
$70M
11.0%
Q4 23
$68M
8.1%
Q1 24
$71M
10.9%
Q2 24
$75M
11.5%
Q3 24
$69M
10.5%
Q4 24
$68M
8.0%
Q1 25
$62M
9.5%
Q2 25
$59M
8.7%
Q3 25
$61M
9.0%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
Quarter
R&D
G&A
S&M
Q1 23
$116M
$80M
$171M
Q2 23
$122M
$87M
$166M
Q3 23
$114M
$84M
$161M
Q4 23
$117M
$93M
$261M
Q1 24
$110M
$89M
$192M
Q2 24
$114M
$96M
$183M
Q3 24
$107M
$86M
$197M
Q4 24
$111M
$83M
$285M
Q1 25
$111M
$80M
$189M
Q2 25
$112M
$79M
$212M
Q3 25
$113M
$79M
$208M
Q4 25
$114M
$94M
$306M
marketcaparena.com
Revenue Segments
Marketplace Revenue
Services Revenue
Quarter
Marketplace Revenue
Services Revenue
Q1 23
$468M
$173M
Q2 23
$453M
$176M
Q3 23
$461M
$175M
Q4 23
$616M
$227M
Q1 24
$467M
$179M
Q2 24
$470M
$177M
Q3 24
$476M
$186M
Q4 24
$607M
$245M
Q1 25
$458M
$193M
Q2 25
$468M
$204M
Q3 25
$468M
$210M
Q4 25
$612M
$269M
marketcaparena.com
Revenue by Geography
Non-US
United Kingdom
United States
Quarter
Non-US
United Kingdom
United States
Q1 25
$251M
$67M
$333M
Q2 25
$262M
$68M
$343M
Q3 25
$267M
$68M
$344M
Q4 25
$342M
$94M
$446M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$787M
$253M
$1.0B
Q2 23
$842M
$235M
$1.1B
Q3 23
$742M
$235M
$977M
Q4 23
$914M
$236M
$1.2B
Q1 24
$789M
$255M
$1.0B
Q2 24
$759M
$241M
$1000M
Q3 24
$819M
$226M
$1.0B
Q4 24
$811M
$228M
$1.0B
Q1 25
$649M
$219M
$868M
Q2 25
$1.2B
$229M
$1.4B
Q3 25
$1.2B
$259M
$1.5B
Q4 25
$1.4B
$224M
$1.6B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
143M
-0.7%
Q2 23
141M
-1.4%
Q3 23
139M
-1.5%
Q4 23
137M
-1.7%
Q1 24
135M
-0.9%
Q2 24
133M
-1.6%
Q3 24
131M
-1.8%
Q4 24
132M
+0.7%
Q1 25
107M
-18.7%
Q2 25
122M
+13.5%
Q3 25
125M
+2.8%
Q4 25
124M
-1.1%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
—
—
FY 15
$334K
819
FY 16
$350K
1K
FY 17
$593K
744
FY 18
$691K
874
FY 19
$660K
1K
FY 20
$1M
1K
FY 21
$970K
2K
FY 22
$10M
270
FY 23
$1M
2K
FY 24
$1M
2K
FY 25
$1M
2K
marketcaparena.com