Etsy, Inc. (ETSY) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 631.28M | 881.64M | 678.03M | 672.66M | 612.2M | 852.16M | 662.41M | 647.81M | 645.95M | 842.32M | 636.3M | 628.88M | 640.88M | 807.24M | 594.47M | 585.13M | 579.27M | 717.14M | 532.43M | 528.9M |
| Revenue Growth % | 3.12% | 3.46% | 2.36% | 3.84% | -5.22% | 1.17% | 4.1% | 3.01% | 0.79% | 4.35% | 7.04% | 7.48% | 10.64% | 12.56% | 11.65% | 10.63% | 5.2% | 16.16% | 17.93% | 23.36% |
| Cost of Goods Sold | 175.68M | 237.55M | 194.65M | 193.55M | 167.8M | 217.69M | 185.64M | 184.09M | 187.13M | 255.76M | 188.83M | 188.64M | 195.45M | 225.78M | 174.4M | 171.42M | 173M | 208.97M | 153.66M | 148.97M |
| COGS % of Revenue | 27.83% | 26.94% | 28.71% | 28.77% | 27.41% | 25.55% | 28.02% | 28.42% | 28.97% | 30.36% | 29.68% | 30% | 30.5% | 27.97% | 29.34% | 29.3% | 29.86% | 29.14% | 28.86% | 28.17% |
| Gross Profit | 455.6M | 644.09M | 483.38M | 479.12M | 444.4M | 634.47M | 476.77M | 463.72M | 458.82M | 586.57M | 447.48M | 440.24M | 445.42M | 581.47M | 420.07M | 413.71M | 406.27M | 508.17M | 378.77M | 379.93M |
| Gross Margin % | 72.17% | 73.06% | 71.29% | 71.23% | 72.59% | 74.45% | 71.98% | 71.58% | 71.03% | 69.64% | 70.32% | 70% | 69.5% | 72.03% | 70.66% | 70.7% | 70.14% | 70.86% | 71.14% | 71.83% |
| Gross Profit Growth % | 2.52% | 1.52% | 1.39% | 3.32% | -3.14% | 8.17% | 6.55% | 5.33% | 3.01% | 0.88% | 6.52% | 6.41% | 9.64% | 14.42% | 10.9% | 8.89% | -0.36% | 8.92% | 14.32% | 19.72% |
| Operating Expenses | 335.75M | 514.69M | 400.67M | 402.69M | 346.57M | 479.34M | 389.95M | 393.55M | 390.73M | 471.11M | 358.92M | 442.61M | 367.23M | 442.12M | 1.37B | 341.15M | 321.96M | 365.92M | 295.03M | 290.83M |
| OpEx % of Revenue | 53.19% | 58.38% | 59.09% | 59.86% | 56.61% | 56.25% | 58.87% | 60.75% | 60.49% | 55.93% | 56.41% | 70.38% | 57.3% | 54.77% | 231.27% | 58.3% | 55.58% | 51.03% | 55.41% | 54.99% |
| Selling, General & Admin | 236.7M | 400.25M | 287.29M | 290.82M | 245.76M | 367.87M | 282.7M | 279.05M | 280.88M | 353.62M | 244.99M | 252.53M | 251.3M | 329.33M | 221.79M | 239.06M | 232.48M | 283.37M | 221.51M | 229.07M |
| SG&A % of Revenue | 37.5% | 45.4% | 42.37% | 43.23% | 40.14% | 43.17% | 42.68% | 43.08% | 43.48% | 41.98% | 38.5% | 40.16% | 39.21% | 40.8% | 37.31% | 40.86% | 40.13% | 39.51% | 41.6% | 43.31% |
| Research & Development | 99.05M | 114.44M | 113.38M | 111.86M | 100.81M | 111.47M | 107.25M | 114.49M | 109.85M | 117.49M | 113.93M | 121.99M | 115.92M | 112.79M | 108.04M | 102.09M | 89.48M | 82.56M | 73.52M | 61.75M |
| R&D % of Revenue | 15.69% | 12.98% | 16.72% | 16.63% | 16.47% | 13.08% | 16.19% | 17.67% | 17.01% | 13.95% | 17.91% | 19.4% | 18.09% | 13.97% | 18.17% | 17.45% | 15.45% | 11.51% | 13.81% | 11.68% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 119.85M | 129.4M | 82.71M | 76.43M | 97.83M | 155.13M | 86.82M | 70.17M | 68.09M | 115.46M | 88.56M | -2.37M | 78.2M | 139.34M | -954.78M | 72.56M | 84.31M | 142.25M | 83.74M | 89.11M |
| Operating Margin % | 18.98% | 14.68% | 12.2% | 11.36% | 15.98% | 18.2% | 13.11% | 10.83% | 10.54% | 13.71% | 13.92% | -0.38% | 12.2% | 17.26% | -160.61% | 12.4% | 14.56% | 19.84% | 15.73% | 16.85% |
| Operating Income Growth % | 22.5% | -16.59% | -4.73% | 8.92% | 43.68% | 34.36% | -1.96% | 3058.22% | -12.93% | -17.14% | 109.28% | -103.27% | -7.25% | -2.04% | -1240.16% | -18.57% | -44.03% | -11.83% | -29.13% | -25.21% |
| EBITDA | 135.16M | 154.29M | 106.97M | 111.93M | 115.02M | 181.53M | 114.56M | 97.26M | 94.94M | 138.49M | 110.73M | 20.57M | 101.37M | 162.14M | -930.65M | 97.59M | 109.07M | 167.24M | 106.95M | 102.09M |
| EBITDA Margin % | 21.41% | 17.5% | 15.78% | 16.64% | 18.79% | 21.3% | 17.29% | 15.01% | 14.7% | 16.44% | 17.4% | 3.27% | 15.82% | 20.09% | -156.55% | 16.68% | 18.83% | 23.32% | 20.09% | 19.3% |
| EBITDA Growth % | 17.51% | -15.01% | -6.62% | 15.09% | 21.15% | 31.08% | 3.46% | 372.71% | -6.35% | -14.58% | 111.9% | -78.92% | -7.06% | -3.05% | -970.16% | -4.41% | -33.38% | -4.13% | -20.14% | -23.42% |
| D&A (Non-Cash Add-back) | 15.31M | 24.89M | 24.26M | 35.5M | 17.19M | 26.4M | 27.74M | 27.09M | 26.85M | 23.03M | 22.17M | 22.95M | 23.17M | 22.79M | 24.13M | 25.03M | 24.75M | 24.99M | 23.21M | 12.98M |
| EBIT | 119.85M | 142.4M | 97.77M | 54.92M | 97.83M | 199.5M | 86.82M | 82.44M | 68.09M | 74.39M | 88.56M | 65.72M | 78.2M | -894.93M | 90.24M | 72.56M | 84.31M | 147.91M | 83.74M | 89.11M |
| Net Interest Income | 0 | 7.22M | 8.6M | 5.26M | 0 | 0 | 0 | 3.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.32M | -2.64M | -1.08M |
| Interest Income | 0 | 12.87M | 14.28M | 9.03M | 0 | 0 | 0 | 7.41M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 216K | 139K | 803K |
| Interest Expense | 0 | 5.65M | 5.68M | 3.77M | 0 | 0 | 0 | 3.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.54M | 2.78M | 1.88M |
| Other Income/Expense | 9.41M | 7.36M | 9.37M | -25.28M | -112.42M | 23.2M | -13.01M | 8.81M | 11.56M | -6.29M | 8.41M | 7.79M | 3.07M | -11.45M | 5.76M | 601K | 1.67M | 2.12M | 58K | -3.35M |
| Pretax Income | 129.26M | 136.75M | 92.08M | 51.15M | -14.59M | 178.33M | 73.81M | 78.98M | 79.66M | 109.17M | 96.97M | 5.41M | 81.27M | 127.89M | -949.02M | 73.16M | 85.99M | 144.37M | 83.8M | 85.75M |
| Pretax Margin % | 20.48% | 15.51% | 13.58% | 7.6% | -2.38% | 20.93% | 11.14% | 12.19% | 12.33% | 12.96% | 15.24% | 0.86% | 12.68% | 15.84% | -159.64% | 12.5% | 14.84% | 20.13% | 15.74% | 16.21% |
| Income Tax | 24.6M | 26.02M | 16.58M | 22.31M | 20.5M | 48.43M | 16.44M | 25.97M | 16.65M | 25.9M | 9.12M | -56.5M | 6.73M | 18.34M | 14.05M | 39K | -122K | -17.18M | -6.13M | -12.5M |
| Effective Tax Rate % | 19.03% | 19.03% | 18.01% | 43.61% | -140.54% | 27.16% | 22.28% | 32.89% | 20.9% | 23.73% | 9.4% | -1043.61% | 8.29% | 14.34% | -1.48% | 0.05% | -0.14% | -11.9% | -7.32% | -14.58% |
| Net Income | 69.68M | 110.73M | 75.5M | 28.84M | -52.1M | 129.91M | 57.37M | 53.01M | 63M | 83.27M | 87.85M | 61.91M | 74.54M | 109.55M | -963.07M | 73.12M | 86.11M | 161.56M | 89.93M | 98.25M |
| Net Margin % | 11.04% | 12.56% | 11.14% | 4.29% | -8.51% | 15.24% | 8.66% | 8.18% | 9.75% | 9.89% | 13.81% | 9.85% | 11.63% | 13.57% | -162% | 12.5% | 14.87% | 22.53% | 16.89% | 18.58% |
| Net Income Growth % | 233.75% | -14.76% | 31.62% | -45.59% | -182.69% | 56.01% | -34.7% | -14.39% | -15.47% | -23.99% | 109.12% | -15.33% | -13.44% | -32.19% | -1170.91% | -25.58% | -40.1% | 8.76% | -2% | 1.9% |
| Net Income (Continuing) | 104.66M | 110.73M | 75.5M | 28.84M | -35.09M | 129.91M | 57.37M | 53.01M | 63M | 83.27M | 87.85M | 61.91M | 74.54M | 109.55M | -963.07M | 73.12M | 86.11M | 161.56M | 89.93M | 98.25M |
| Discontinued Operations | -1000K | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.60 | 0.96 | 0.63 | 0.25 | -0.49 | 1.01 | 0.45 | 0.41 | 0.48 | 0.62 | 0.64 | 0.45 | 0.53 | 0.76 | -7.62 | 0.50 | 0.59 | 1.11 | 0.62 | 0.68 |
| EPS Growth % | 222.45% | -4.95% | 40% | -39.02% | -202.08% | 62.9% | -29.69% | -8.89% | -9.43% | -18.42% | 108.4% | -10% | -10.17% | -31.53% | -1329.03% | -26.47% | -41% | 2.78% | -11.43% | -9.33% |
| EPS (Basic) | 0.72 | 1.13 | 0.76 | 0.28 | -0.49 | 1.16 | 0.52 | 0.46 | 0.53 | 0.70 | 0.72 | 0.50 | 0.61 | 0.87 | -7.62 | 0.51 | 0.60 | 1.27 | 0.71 | 0.77 |
| Diluted Shares Outstanding | 121.03M | 123.54M | 124.96M | 121.51M | 107.08M | 131.72M | 130.75M | 133.12M | 135.34M | 136.55M | 138.89M | 141.01M | 142.97M | 143.98M | 126.35M | 145.68M | 146.68M | 147.63M | 147.41M | 144.87M |
| Basic Shares Outstanding | 96.23M | 98.21M | 99.33M | 103.21M | 107.08M | 114.94M | 114.18M | 116.43M | 118.44M | 119.6M | 121.81M | 123.46M | 124.34M | 125.66M | 126.35M | 142.58M | 144.02M | 127.14M | 126.63M | 126.98M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |