Skip to content
ES
MARKETS / NYSE / ETSY
NYSE · SERVICES-BUSINESS SERVICES, NEC · LARGE CAP

Etsy Inc. ETSY

13 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.9B
▲ 2.7% YoY
$163.0M
▼ 46.3% YoY
$678.0M
▼ 8.2% YoY
In brief

What this company does

Etsy operates two-sided online marketplaces that connect millions of creative entrepreneurs with buyers around the world. It also operates Depop Limited, a fashion resale marketplace acquired in 2021. In 2025, total consolidated Gross Merchandise Sales across its marketplaces was $11,916.9 million. The Etsy marketplace connects independent sellers of unique, creative goods with consumers seeking items that reflect their tastes and values. As of December 31, 2025, the Etsy marketplace had 86.5 million active buyers and 5.6 million active sellers. Depop, headquartered in London and founded in 2011, is a marketplace where users can buy, sell, explore, and discover secondhand fashion. As of December 31, 2025, the Depop marketplace had approximately 55.6 million registered users, including 7.0 million active buyers and 3.2 million active sellers. Etsy was founded in Brooklyn just over twenty years ago.

Written from the business description in ETSY INC's annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth
USD 2.9B
Revenue, FY2025 · full 13-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.9 · Net income 0.2
1.00B2.00B-0.25B-0.50B2013201520172019202120232025
Compound annual growth
+4.0%
+10.8%
+26.6%
−14.1%
−12.4%
+22.7%
+25.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.8% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
6 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 9.2% · Net 5.7%
10%20%-10%-20%2013201520172019202120232025
ROE
FY2022 · ROE -1707.0%
-500%-1000%-1500%2013201520172019202120232025
Gross margin71.6%
Operating margin9.2%
Net margin5.7%
Return on assets6.2%
EBITDAUSD 368.1M

Cash & shareholders
USD 759.2M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 678.0
250.0M500.0M2013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 759.2
400M2013201520172019202120232025
Dividends paid—
Net buybacksUSD 759.2M
Share of profit465.8%
Consecutive raises—

USD 759.2M in buybacks — 466% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 2.8B
EquityUSD -1.1B
CashUSD 1.4B
Gross debtUSD 3.0B
Net debtUSD 1.6B
Current ratio1.44×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 13-year record
13 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013
Revenue $B2.92.82.72.62.31.70.80.60.40.40.30.20.1
Operating income $B0.30.40.3−0.70.50.40.10.10.00.0−0.0−0.00.0
EBITDA $B0.40.50.4−0.60.50.50.10.10.00.00.00.00.0
Income tax $B0.10.1−0.00.0−0.00.0−0.0−0.0−0.00.00.00.00.0
Net income $B0.20.30.3−0.70.50.30.10.10.1−0.0−0.1−0.0−0.0
Free cash flow $B0.70.70.70.70.60.70.20.20.10.00.00.00.0
EPS, diluted $1.392.352.24−5.483.402.690.760.610.68−0.26−0.59−0.38−0.02
Dividend / sh $·············
Payout %·············
ROE %···−1707.072.060.823.719.422.1−8.9−27.2−42.9−19.9
Shares out B0.100.110.120.130.130.130.120.120.120.120.110.040.03

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 63 reconciliationsAUDITED

Reconciled in 13 of 19 fiscal years. 32 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Business Services, NEC
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2013

Share this section

Download image