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ETSY · NYSE · Specialty Retail

Etsy

Connects buyers with creative entrepreneurs through Etsy.com's marketplace for unique and creative goods.

$83.11

After-hours close−0.49 (−0.59%)

At close$83.60(+0.80%)

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Profile

Etsy, Inc.ETSYConsumer Discretionary

Operates Etsy.com, a two-sided marketplace for unique and creative goods from creative entrepreneurs. Seller-made or curated inventory, seller tools, and buyer-seller connection underpin the marketplace, while Reverb's divestiture and the pending Depop sale refocus the business on Etsy.

Operates Etsy.com, a two-sided marketplace that connects buyers seeking unique and creative goods with creative entrepreneurs. Its differentiation rests on seller-made or curated inventory, tools for sellers, and direct buyer-seller connection; it does not mean every listing is handmade.

Once a house of brands, the company divested Reverb and still owns Depop, whose sale to eBay is pending. That sequence puts the focus back on the Etsy marketplace.

Marketplace performance remains tied to its ability to gain share versus broader e-commerce while discretionary spending and macroeconomic conditions pressure GMS. The company frames its operating identity around the “Keep Commerce Human” mission.

Company facts

CEOKruti Patel Goyal

ListedApr 16, 2015

ExchangeNYSE

HeadquartersBrooklyn, NY

CountryUnited States

Employees2,375

CIK0001370637

ISINUS29786A1060

Key statistics

Market cap$7.93B

EPS (ttm)$1.83

P/E (ttm)45.68

ROE-17.7%

P/B−5.65

P/S2.77

Dividend yield—

Beta1.12vs XLY 0.54

Year to date +45.9% · Average volume (30d) 3.0M

Analysts

Price target, next 12 months$87.50+4.7%Median of 45 analysts · vs the Aug 28 close

ConsensusBuy22 of 45 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $83.59

High$105.00+25.6%

Median$87.50+4.7%

Low$65.00−22.2%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Prior rating	Rating	Prior target	Target
Aug 20, 2026	Bernstein	Upgrade	Market Perform	Outperform
Aug 20, 2026	RBC Capital	Downgrade		Sector Perform
Aug 20, 2026	Seaport Global	Upgrade		Buy
Aug 20, 2026	Morgan Stanley	Upgrade	Underweight	Outperform
Aug 20, 2026	Loop Capital Markets	Target			$50	$105

Earnings

EPS

Estimate$1.31

ReportedDue Nov 4, 2026

Revenue

Estimate$667.6M

ReportedDue Nov 4, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Aug 5, 2026Q2 FY26	$0.75	$0.98	+31.2%	$646.1M	$668.3M	+3.4%	−4.19%
Apr 29, 2026Q1 FY26	$0.62	$0.89	+43.5%	$621.4M	$631.3M	+1.6%	−7.56%
Feb 19, 2026Q4 FY25	$0.88	$0.92	+4.5%	$884.3M	$881.6M	−0.3%	+8.39%
Oct 29, 2025Q3 FY25	$0.52	$0.63	+21.2%	$884.0M	$678.0M	−23.3%	−5.03%

View details

Financial highlights

	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$612.2M	$672.7M	$678.0M	$881.6M	$631.3M	$668.3M
Gross profit	$444.4M	$479.1M	$483.4M	$644.1M	$455.6M	$484.0M
Operating income	$97.8M	$76.4M	$82.7M	$129.4M	$119.8M	$125.3M
Net income	−$52.1M	$28.8M	$75.5M	$110.7M	$69.7M	−$46.4M
Diluted EPS	−$0.49	$0.25	$0.63	$0.96	$0.60	−$0.36
Gross margin	72.6%	71.2%	71.3%	73.1%	72.2%	72.4%
Operating margin	16.0%	11.4%	12.2%	14.7%	19.0%	18.7%

Fiscal years (4-quarter sums)FY21 $2.33B · FY22 $2.57B · FY23 $2.75B · FY24 $2.81B · FY25 $2.84B

Revenue by product · Q2 FY26

Marketplace Revenue$456.1M · 68%

Services Revenue$212.2M · 32%

Revenue by geography · Q2 FY26

United States$315.9M · 47%

Non-US$289.0M · 43%

United Kingdom$63.4M · 9%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.12B · Total debt $3.08B · Total assets $2.44B · Shareholders' equity −$1.40B

Dividends

No dividends on record.

Ownership

Institutions 123.28%Insiders 1.21%

A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.

Shares outstanding 94.90M · Float 93.76M · 98.8% free float

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
BlackRock, Inc.	12.62M	13.29%	13F	Aug 7, 2026
Renaissance Technologies LLC	5.99M	6.31%	13F	Aug 13, 2026
Vanguard Portfolio Management LLC	5.56M	5.86%	13F	Aug 13, 2026
Jane Street Group, LLC	5.07M	5.30%	13G	Jul 13, 2026
Elliott Investment Management L.P.	5.00M	5.27%	13F	Aug 14, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
Aug 26, 2026	Charles Andrew Ballard	director	−4,500	$81.85
Aug 17, 2026	Marla J. Blow	director	−300	$79.56
Aug 17, 2026	Merilee Buckley	officer: CHIEF ACCOUNTING OFFICER	−405	$79.50
Aug 10, 2026	Richard Edward III Colburn	officer: Chief Product & Tech Officer	−8,252	$82.09
Aug 4, 2026	Josh Silverman	director, other: Executive Chair of the Board	−6,294	$84.00