Etsy, Inc. (ETSY) Financials
Key financial figures for Etsy, Inc. (Q3 2026).
Etsy marketplace GMS grew 8.8% to $2.65 billion in Q3 2026 and revenue rose 10.9% to $692.5 million, with adjusted EBITDA margin at 30.4% and active buyers up year over year for the first time in two years. Top line above the company's own range: Etsy marketplace GMS was $2,646.9 million (+8.8% YoY, +9.1% currency-neutral), versus the $2.53 billion to $2.58 billion the company guided in August. Revenue was $692.5 million (+10.9%), with marketplace revenue up 9.1% to $468.1 million and services revenue up 15.0% to $224.3 million. Take rate and margin: Take rate was 26.2% (+50 bps YoY), which the letter attributes mainly to Etsy Ads improvements. Adjusted EBITDA was $210.4 million (+14.6%), a 30.4% margin versus 29.4% a year earlier and a guided 28-30%. On the outlook: Q4 2026 (Etsy marketplace, continuing operations): GMS $3.46 billion to $3.52 billion (+5-7% YoY), take rate about 25.6%, adjusted EBITDA margin about 30%. Full year 2026: GMS growth of about 7%, take rate about 25.8%, adjusted EBITDA margin about 30%; the August outlook was mid-single-digit GMS growth, a roughly equal take rate to the first half and a 29-30% margin. Assumes currency at current spot rates and foreign exchange as a modest growth headwind. Figures are for Q3 2026, as Etsy Inc. reported them.
- Revenue
- $692M
- Net Income
- $854M
- EPS
- $9.37
- Total Assets
- $3.2B
- Operating Cash Flow
- $160M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $692M | $854M | $7.31 | 16.09% | $153M |
| Q2 FY2026 | $668M | -$46M | -$0.36 | 18.74% | $33M |
| Q1 FY2026 | $631M | $70M | $0.60 | 18.98% | $71M |
| Q4 FY2025 | $882M | $111M | $0.96 | 14.68% | $308M |
| Q3 FY2025 | $678M | $76M | $0.63 | 12.2% | $205M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $2.9B | $163M | $1.39 | 9.23% | $639M |
| FY2024 | $2.8B | $303M | $2.35 | 13.54% | $709M |
| FY2023 | $2.7B | $308M | $2.24 | 10.18% | $666M |
Frequently asked questions
What was Etsy Inc.'s revenue last quarter?
Etsy Inc. reported revenue of $692.5 million for Q3 FY2026, up 2.1% from the same period a year earlier.
Is Etsy Inc. profitable?
Yes. Etsy Inc. reported net income of $853.5 million for Q3 FY2026, a net margin of 123.26% on revenue.
How has Etsy Inc.'s margin trended?
Operating margin was 16.09% in Q3 FY2026, compared with 12.2% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Etsy Inc. generate?
Etsy Inc. generated free cash flow of $153.2 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Etsy, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.