Tearsheet

Etsy (ETSY)

Market Price (9/17/2025): $59.29 | Market Cap: $6.1 Bil
Sector: Consumer Discretionary | Industry: Broadline Retail

Etsy (ETSY)

Market Price (9/17/2025): $59.29
Market Cap: $6.1 Bil
Sector: Consumer Discretionary
Industry: Broadline Retail

Investment Highlights

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%	Weak multi-year price returns 2Y Excs Rtn is -56%, 3Y Excs Rtn is -109%
1	Attractive yield FCF Yield is 10%	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 18%
2	Low stock price volatility Vol 12M is 46%

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%
1	Attractive yield FCF Yield is 10%
2	Low stock price volatility Vol 12M is 46%
3	Weak multi-year price returns 2Y Excs Rtn is -56%, 3Y Excs Rtn is -109%
4	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 18%

Market Valuation

	9/17/25	2024	2023	2022	2021
Share Price CYE	$59.29	$52.89	$81.05	$119.78	$218.94
Market Cap CYE ($ Bil)	6.1	5.9	9.7	15.1	28.2
Total Debt ($ Bil)	3.1	2.4	2.4	2.4	2.4
Total Cash ($ Bil)	1.4	1.0	1.2	1.2	1.0
Enterprise Value ($ Bil)	7.8	8.3	12.1	17.5	30.6
Valuation Ratios
P/S TTM	2.2	2.2	3.6	5.9	12.0
P/EBIT TTM	14.6	14.3	32.4	-23.4	57.9
P/E TTM	37.3	20.1	32.3	-21.9	56.4
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.3
P/EBIT TTM (Sector)	7.2	6.9	7.0	5.5	7.4
P/E TTM (Sector)	9.7	8.1	8.9	7.3	9.2

	9/17/25	2024	2023
Share Price CYE	$59.29	$52.89	$81.05
Market Cap CYE ($ Bil)	6.1	5.9	9.7
Total Debt ($ Bil)	3.1	2.4	2.4
Total Cash ($ Bil)	1.4	1.0	1.2
Enterprise Value ($ Bil)	7.8	8.3	12.1
Valuation Ratios
P/S TTM	2.2	2.2	3.6
P/EBIT TTM	14.6	14.3	32.4
P/E TTM	37.3	20.1	32.3
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.2	6.9	7.0
P/E TTM (Sector)	9.7	8.1	8.9

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Etsy, Inc. operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
ETSY Return	302%	23%	-45%	-32%	-35%	12%	33%
Peers Return	45%	20%	-25%	42%	36%	3%	160%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AMZN, WMT, COST, EBAY, LULU. See ETSY Returns vs. Peers.
[3] 2025 data is for the year up to 9/16/2025 (YTD)

Better Bets than Etsy (ETSY)

	ETSY	Better Performance than ETSY
Metric	Value	Industry (Broadline Retail)
Rev Chg LTM	2.4%	AMZN (10.9%), BABA (5.3%), MELI (35.8%), CPNG (18.7%), OLLI (10.1%)
Rev Chg 3Y Avg	5.6%	AMZN (11.3%), MELI (39.8%), CPNG (17.6%), OLLI (11.9%), GLBE (41.1%)
Op Mgn LTM	14.0%	BABA (14.6%), EBAY (22.3%), MI (169.9%)
CFO/Rev LTM	24.3%	MELI (35.2%), EBAY (25.1%)
FCF/Rev LTM	22.4%	MELI (30.6%)
Total Yield	2.7%	AMZN (2.8%), BABA (38.9%), EBAY (6.2%), DDS (10.7%), M (15.6%)

	ETSY	Better Performance than ETSY
Metric	Value	Sector (Consumer Discretionary)
Rev Chg LTM	2.4%	AMZN (10.9%), HD (8.5%), BABA (5.3%), TM (4.5%), BKNG (11.7%)
Rev Chg 3Y Avg	5.6%	AMZN (11.3%), TSLA (12.9%), TM (15.2%), BKNG (19.9%), MELI (39.8%)
Op Mgn LTM	14.0%	BABA (14.6%), MCD (46.1%), BKNG (32.8%), ORLY (19.2%), RCL (26.4%)
CFO/Rev LTM	24.3%	MCD (37.6%), BKNG (38.3%), MELI (35.2%), RCL (33.4%), RACE (33.0%)
FCF/Rev LTM	22.4%	MCD (26.5%), BKNG (36.9%), MELI (30.6%), ABNB (37.2%), DUOL (36.3%)
Total Yield	2.7%	AMZN (2.8%), HD (5.7%), BABA (38.9%), TM (2104.3%), MCD (6.2%)

	ETSY	Better Performance than ETSY
Metric	Value	All Other Sectors
Rev Chg LTM	2.4%	NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), GOOGL (13.1%), META (19.4%)
Rev Chg 3Y Avg	5.6%	NVDA (92.0%), MSFT (12.5%), GOOGL (10.2%), META (13.0%), AVGO (24.0%)
Op Mgn LTM	14.0%	NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM	24.3%	NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), META (56.4%)
FCF/Rev LTM	22.4%	NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), META (30.7%), AVGO (41.6%)
Total Yield	2.7%	MSFT (3.3%), AAPL (3.2%), GOOGL (4.1%), META (3.6%), BRK-B (5.9%)

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Etsy Earnings Notes
2	Is The 22.9% Decline In Etsy (ETSY) Stock A Dip Buying Opportunity?	Actionable
3	Day 8 of Loss Streak for Etsy Stock with -20% Return (vs. -2.2% YTD) [9/2/2025]	Notification
4	Day 7 of Loss Streak for Etsy Stock with -18% Return (vs. 0.2% YTD) [8/29/2025]	Notification
5	Day 6 of Loss Streak for Etsy Stock with -17% Return (vs. 1.9% YTD) [8/28/2025]	Notification
6	Is The 22.3% Decline In Etsy (ETSY) Stock A Dip Buying Opportunity?	Actionable
7	Etsy vs Gilead Sciences: Which Is A Better Investment?	Counter-Intuitive Comparisons
8	Etsy vs PulteGroup: Which Is A Better Investment?	Counter-Intuitive Comparisons
9	ETSY Down 15% in One Month: Is It Outperforming Its Rivals?	Peer Comparison
10	Better Bet Than ETSY Stock: Pay Less Than Etsy To Get More From DIS, MRK
11	ARTICLES
12	ETSY Shares Tumbled 23%, Opportunity Or Trap?		September 5th, 2025
13	Better Bet Than eBay Stock: Pay Less To Get More From ETSY		September 2nd, 2025
14	ETSY Stock Down -20% after 8-Day Loss Streak		September 2nd, 2025
15	ETSY Stock Down -18% after 7-Day Loss Streak		August 29th, 2025
16	ETSY Stock Down -17% after 6-Day Loss Streak		August 29th, 2025

	Title
0	DASHBOARDS
1	ETSY Shares Tumbled 23%, Opportunity Or Trap?
2	Better Bet Than eBay Stock: Pay Less To Get More From ETSY
3	ETSY Stock Down -20% after 8-Day Loss Streak
4	ETSY Stock Down -18% after 7-Day Loss Streak
5	ETSY Stock Down -17% after 6-Day Loss Streak
6	ARTICLES
7	Etsy Earnings Notes
8	Is The 22.9% Decline In Etsy (ETSY) Stock A Dip Buying Opportunity?
9	Day 8 of Loss Streak for Etsy Stock with -20% Return (vs. -2.2% YTD) [9/2/2025]
10	Day 7 of Loss Streak for Etsy Stock with -18% Return (vs. 0.2% YTD) [8/29/2025]
11	Day 6 of Loss Streak for Etsy Stock with -17% Return (vs. 1.9% YTD) [8/28/2025]
12	Is The 22.3% Decline In Etsy (ETSY) Stock A Dip Buying Opportunity?
13	Etsy vs Gilead Sciences: Which Is A Better Investment?
14	Etsy vs PulteGroup: Which Is A Better Investment?
15	ETSY Down 15% in One Month: Is It Outperforming Its Rivals?
16	Better Bet Than ETSY Stock: Pay Less Than Etsy To Get More From DIS, MRK

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FGI	FGI Industries	139.3%	145.2%
2	CODX	Co-Diagnostics	80.8%	-14.8%
3	CNFR	Conifer	55.5%	50.4%
4	BGI	Birks	55.4%	-18.1%
5	FLUX	Flux Power	52.2%	99.4%
6	BOXL	Boxlight	45.7%	32.1%
7	LVRO	Lavoro	45.5%	-57.4%
8	NFE	New Fortress Energy	44.9%	-86.8%
9	WBTN	Webtoon Entertainment	39.0%	53.2%
10	HCWC	Healthy Choice Wellness	37.5%	-34.7%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	REX	REX American Resources	-50.1%	46.1%
2	XAGE	Longevity Health	-39.3%	-86.1%
3	BNGO	Bionano Genomics	-35.7%	-89.7%
4	IHT	InnSuites Hospitality Trust	-30.7%	7.3%
5	LUD	Luda Technology	-28.6%
6	NAOV	NanoVibronix	-28.5%	-88.2%
7	GDC	GD Culture	-28.2%	269.8%
8	ASST	Strive	-28.0%	813.4%
9	BIAF	bioAffinity Technologies	-25.5%	-71.3%
10	FAAS	DigiAsia	-23.9%	-87.2%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	BDSX	Biodesix	1313.2%	-78.6%
2	CLSD	Clearside Biomedical	954.0%	-74.9%
3	SDOT	Sadot	624.1%	-79.4%
4	WLDS	Wearable Devices	498.0%	-30.0%
5	CHEK	Check-Cap	285.6%	154.6%
6	ATCH	AtlasClear	275.9%	-91.0%
7	HSDT	Helius Medical Technologies	262.5%	-95.6%
8	OPI	Office Properties Income Trust	261.7%	-13.4%
9	FGI	FGI Industries	156.8%	145.2%
10	AIRE	ReAlpha Tech	154.0%	-56.1%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NAKA	Kindly MD	-81.4%
2	ATYR	aTyr Pharma	-79.7%	-70.2%
3	LGCL	Lucas GC	-73.6%	-77.1%
4	EPSM	Epsium Enterprise	-70.1%
5	BNGO	Bionano Genomics	-59.4%	-89.7%
6	FAAS	DigiAsia	-58.5%	-87.2%
7	QMMM	QMMM	-57.5%	6775.0%
8	VCIG	VCI Global	-56.9%	-99.1%
9	YYGH	YY	-56.6%	-78.5%
10	XAGE	Longevity Health	-55.5%	-86.1%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11963.5%	11963.5%
2	GIBO	GIBO	9734.4%
3	CHSN	Chanson International	7565.0%	-99.3%
4	LNZA	LanzaTech Global	7287.5%	-86.0%
5	QMMM	QMMM	3031.7%	6775.0%
6	OESX	Orion Energy Systems	1497.9%	22.9%
7	CURX	Curanex Pharmaceuticals	1401.6%	1401.6%
8	ENTO	Entero Therapeutics	565.6%	117.6%
9	PTNM	Pitanium	553.2%
10	WLDS	Wearable Devices	449.5%	-30.0%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	CJET	Chijet Motor	-92.2%	-95.0%
2	STFS	Star Fashion Culture	-92.2%	-97.8%
3	ELPW	Elong Power	-91.6%	-76.7%
4	NXTT	Next Technology	-89.6%	-95.1%
5	NAKA	Kindly MD	-89.0%
6	BINI	Bollinger Innovations	-88.9%	-100.0%
7	JEM	707 Cayman	-88.4%	-98.2%
8	YAAS	Youxin Technology	-82.5%	-98.3%
9	NEON	Neonode	-82.0%	-50.2%
10	NVNO	enVVeno Medical	-81.5%	-69.8%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FGI	FGI Industries	139.3%	145.2%
2	CODX	Co-Diagnostics	80.8%	-14.8%
3	CNFR	Conifer	55.5%	50.4%
4	BGI	Birks	55.4%	-18.1%
5	FLUX	Flux Power	52.2%	99.4%
6	BOXL	Boxlight	45.7%	32.1%
7	LVRO	Lavoro	45.5%	-57.4%
8	NFE	New Fortress Energy	44.9%	-86.8%
9	WBTN	Webtoon Entertainment	39.0%	53.2%
10	HCWC	Healthy Choice Wellness	37.5%	-34.7%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	REX	REX American Resources	-50.1%	46.1%
2	XAGE	Longevity Health	-39.3%	-86.1%
3	BNGO	Bionano Genomics	-35.7%	-89.7%
4	IHT	InnSuites Hospitality Trust	-30.7%	7.3%
5	LUD	Luda Technology	-28.6%
6	NAOV	NanoVibronix	-28.5%	-88.2%
7	GDC	GD Culture	-28.2%	269.8%
8	ASST	Strive	-28.0%	813.4%
9	BIAF	bioAffinity Technologies	-25.5%	-71.3%
10	FAAS	DigiAsia	-23.9%	-87.2%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	BDSX	Biodesix	1313.2%	-78.6%
2	CLSD	Clearside Biomedical	954.0%	-74.9%
3	SDOT	Sadot	624.1%	-79.4%
4	WLDS	Wearable Devices	498.0%	-30.0%
5	CHEK	Check-Cap	285.6%	154.6%
6	ATCH	AtlasClear	275.9%	-91.0%
7	HSDT	Helius Medical Technologies	262.5%	-95.6%
8	OPI	Office Properties Income Trust	261.7%	-13.4%
9	FGI	FGI Industries	156.8%	145.2%
10	AIRE	ReAlpha Tech	154.0%	-56.1%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NAKA	Kindly MD	-81.4%
2	ATYR	aTyr Pharma	-79.7%	-70.2%
3	LGCL	Lucas GC	-73.6%	-77.1%
4	EPSM	Epsium Enterprise	-70.1%
5	BNGO	Bionano Genomics	-59.4%	-89.7%
6	FAAS	DigiAsia	-58.5%	-87.2%
7	QMMM	QMMM	-57.5%	6775.0%
8	VCIG	VCI Global	-56.9%	-99.1%
9	YYGH	YY	-56.6%	-78.5%
10	XAGE	Longevity Health	-55.5%	-86.1%

Peer Comparisons for Etsy

Financials

	ETSY	AMZN	WMT	COST	EBAY	LULU	Median
Name	Etsy	Amazon.c.	Walmart	Costco W.	eBay	Lululemo.
Mkt Price	59.41	234.05	103.42	952.07	88.85	162.34	132.88
Mkt Cap	6.1	2,489.6	825.1	422.7	41.5	19.4	232.1
Rev LTM	2,838	670,038	693,153	268,776	10,312	10,904	139,840
Op Inc LTM	398	76,190	28,988	10,084	2,303	2,495	6,290
FCF LTM	635	13,481	13,753	7,317	2,128	1,168	4,722
FCF 3Y Avg	660	21,677	14,986	6,852	1,948	1,279	4,400
CFO LTM	690	121,137	38,438	12,426	2,586	1,912	7,506
CFO 3Y Avg	705	96,977	36,707	11,460	2,423	1,964	6,942

Growth & Margins

	ETSY	AMZN	WMT	COST	EBAY	LULU	Median
Name	Etsy	Amazon.c.	Walmart	Costco W.	eBay	Lululemo.
Rev Chg LTM	2.4%	10.9%	4.2%	5.9%	1.5%	9.2%	5.1%
Rev Chg 3Y Avg	5.6%	11.3%	5.7%	7.3%	0.2%	15.8%	6.5%
Rev Chg Q	3.8%	13.3%	4.8%	8.0%	1.1%	6.5%	5.6%
QoQ Delta Rev Chg LTM	0.9%	3.0%	1.2%	1.8%	0.3%	1.4%	1.3%
Op Mgn LTM	14.0%	11.4%	4.2%	3.8%	22.3%	22.9%	12.7%
Op Mgn 3Y Avg	13.4%	7.9%	4.0%	3.5%	21.6%	22.7%	10.7%
QoQ Delta Op Mgn LTM	0.1%	0.3%	-0.1%	0.1%	-0.2%	-0.5%	-0.0%
CFO/Rev LTM	24.3%	18.1%	5.5%	4.6%	25.1%	17.5%	17.8%
CFO/Rev 3Y Avg	25.5%	15.8%	5.5%	4.5%	24.0%	19.8%	17.8%
FCF/Rev LTM	22.4%	2.0%	2.0%	2.7%	20.6%	10.7%	6.7%
FCF/Rev 3Y Avg	23.9%	3.5%	2.3%	2.7%	19.3%	12.9%	8.2%

Valuation

	ETSY	AMZN	WMT	COST	EBAY	LULU	Median
Name	Etsy	Amazon.c.	Walmart	Costco W.	eBay	Lululemo.
Mkt Cap	6.1	2,489.6	825.1	422.7	41.5	19.4	232.1
P/S	2.2	3.7	1.2	1.6	4.0	1.8	2.0
P/EBIT	14.6	29.2	26.5	40.0	15.8	7.8	21.1
P/E	37.4	35.3	38.7	53.9	20.3	10.9	36.3
P/CFO	8.9	20.6	21.5	34.0	16.0	10.2	18.3
Total Yield	2.7%	2.8%	3.4%	2.1%	6.2%	9.2%	3.1%
Dividend Yield	0.0%	0.0%	0.9%	0.2%	1.3%	0.0%	0.1%
FCF Yield 3Y Avg	9.5%	1.1%	2.8%	2.0%	6.9%	3.6%	3.2%
D/E	0.5	0.1	0.1	0.0	0.2	0.1	0.1
Net D/E	0.3	0.0	0.1	-0.0	0.1	0.0	0.0

Returns

	ETSY	AMZN	WMT	COST	EBAY	LULU	Median
Name	Etsy	Amazon.c.	Walmart	Costco W.	eBay	Lululemo.
1M Rtn	-10.6%	1.3%	3.4%	-2.1%	-11.5%	-18.2%	-6.3%
3M Rtn	8.9%	9.0%	10.0%	-2.5%	15.2%	-31.0%	9.0%
6M Rtn	33.0%	21.4%	21.7%	6.3%	37.2%	-49.8%	21.6%
12M Rtn	10.3%	26.6%	29.6%	5.4%	40.3%	-38.8%	18.4%
3Y Rtn	-45.0%	89.5%	142.0%	96.8%	124.4%	-51.3%	93.2%
1M Excs Rtn	-13.0%	-1.1%	1.0%	-4.5%	-13.9%	-20.6%	-8.7%
3M Excs Rtn	0.7%	-1.2%	0.4%	-12.7%	5.2%	-42.2%	-0.4%
6M Excs Rtn	11.9%	3.2%	2.7%	-12.3%	16.3%	-66.8%	2.9%
12M Excs Rtn	-3.2%	7.1%	13.0%	-13.5%	24.8%	-55.7%	1.9%
3Y Excs Rtn	-108.6%	13.2%	73.1%	22.5%	46.6%	-115.9%	17.8%

Comparison Analyses

	Title
0	ETSY Down 15% in One Month: Is It Outperforming Its Rivals?
1	Etsy vs. Group 1 Automotive: With Return Forecast Of 38%, Group 1 Automotive Is A Better Bet
2	Etsy vs. EchoStar: With Return Forecast Of 11%, Etsy Is A Better Bet
3	Etsy vs. Crocs: Both Seem Similar Bets
4	Etsy vs. Hyatt Hotels: Both Seem Similar Bets
5	Etsy vs. Trade Desk: With Return Forecast Of 75%, Trade Desk Is A Better Bet
6	Etsy vs. Trimble: With Return Forecast Of 12%, Etsy Is A Better Bet
7	Etsy vs. Verisk Analytics: Both Seem Similar Bets
8	Etsy vs. Datadog: With Return Forecast Of 81%, Datadog Is A Better Bet
9	Etsy vs. Palantir Technologies: With Return Forecast Of 12%, Etsy Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	7/30/2025	2/19/2025	2/22/2024	2/23/2023	2/25/2022	2/26/2021	2/27/2020
Key Financials
Total Revenue	2,838	2,808	2,748	2,566	2,329	1,726	818
EBITDA	527	533	398	-551	556	466	153
Operating Income	398	380	348	386	466	424	89
Net Income	164	303	308	-694	494	349	96
EPS	1.46	2.64	2.51	-5.48	3.88	2.88	0.80
Growth Rates
Total Revenue Growth	2.4%	2.2%	7.1%	10.2%	35.0%	110.9%	35.6%
EBITDA Growth	27.8%	33.8%	172.3%	-199.2%	19.3%	204.5%	47.1%
Operating Income Growth	16.2%	9.3%	-10.0%	-17.0%	9.8%	377.7%	18.7%
Net Income Growth	-42.9%	-1.4%	144.3%	-240.7%	41.3%	264.2%	23.7%
Margins
EBITDA Margin	18.6%	19.0%	14.5%	-21.5%	23.9%	27.0%	18.7%
Operating Income Margin	14.0%	13.5%	12.7%	15.1%	20.0%	24.6%	10.8%
Net Income Margin	5.8%	10.8%	11.2%	-27.1%	21.2%	20.2%	11.7%
Cash & Debt
Total Cash	1,412	1,040	1,150	1,172	985	1,669	817
Total Debt	3,076	2,388	2,390	2,390	2,388	1,116	847
Net Debt / (Cash)	1,663	1,348	1,239	1,218	1,404	-553	30
Cash Flows
Net Cash from Operations	690	752	706	684	652	679	207
Free Cash from Operations	635	709	666	646	621	672	192
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	939	724	577	426	303	269	177

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	7/30/2025	4/30/2025	2/19/2025	10/31/2024	8/1/2024	5/2/2024	2/22/2024	11/2/2023	8/3/2023	5/4/2023	2/23/2023	11/3/2022
Key Financials Quarterly
Total Revenue	673	651	852	662	648	646	842	636	629	641	807	594
Ebitda	80	107	226	115	110	95	97	111	89	101	-872	114
Operating Income	76	79	155	87	70	68	115	89	66	78	139	90
Net Income	29	-52	130	57	53	63	83	88	62	75	110	-963
EPS	0.28	-0.49	1.17	0.50	0.46	0.53	0.70	0.72	0.50	0.60	0.87	-7.62
Key Financials TTM
Total Revenue TTM	2,838	2,814	2,808	2,798	2,772	2,753	2,748	2,713	2,671	2,628	2,566	2,476
Ebitda TTM	527	557	545	416	413	392	398	-571	-568	-559	-551	504
Operating Income TTM	398	391	380	341	342	338	348	372	374	380	386	389
Net Income TTM	164	188	303	257	287	296	308	334	-717	-706	-694	-642
Growth Rates Quarterly
Total Revenue Growth	3.8%	0.8%	1.2%	4.1%	3.0%	0.8%	4.3%	7.0%	7.5%	10.6%	12.6%	11.7%
EBITDA Growth	-26.7%	12.4%	131.9%	3.5%	23.5%	-6.3%	111.2%	-3.2%	-9.1%	-7.1%	-576.5%	6.9%
Operating Income Growth	8.9%	16.6%	34.4%	-2.0%	6.8%	-12.9%	-17.1%	-1.9%	-9.4%	-7.3%	-2.0%	7.8%
Net Income Growth	-45.6%	-182.7%	56.0%	-34.7%	-14.4%	-15.5%	-24.0%	109.1%	-15.3%	-13.4%	-32.2%	-1170.9%
Margins Quarterly
EBITDA Margin	11.9%	16.4%	26.5%	17.3%	16.9%	14.7%	11.6%	17.4%	14.1%	15.8%	-108.0%	19.2%
Operating Income Margin	11.4%	12.2%	18.2%	13.1%	10.8%	10.5%	13.7%	13.9%	10.5%	12.2%	17.3%	15.2%
Net Income Margin	4.3%	-8.0%	15.2%	8.7%	8.2%	9.8%	9.9%	13.8%	9.8%	11.6%	13.6%	-162.0%
Cash & Debt
Total Cash	1,412	868	1,040	1,045	1,000	1,044	1,150	977	1,077	1,039	1,172	1,041
Total Debt	3,076	2,387	2,388	2,388	2,389	2,389	2,390	2,389	2,389	2,390	2,390	2,390
Net Debt / (Cash)	1,663	1,520	1,348	1,343	1,389	1,345	1,239	1,412	1,312	1,350	1,218	1,349
Cash Flows Quarterly
FCF from Operations	108	49	315	217	151	69	295	219	136	56	292	207
Cash Flows TTM
FCF from Operations TTM	690	733	752	733	734	719	706	702	690	680	684	682
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	335	189	260	156	150	158	93	297	39	148	150	151
Return on Invested Capital (ROIC) Quarterly
ROIC	6.0%	12.0%	19.0%	11.4%	8.2%	9.7%	17.2%	15.0%	13.3%	14.6%	27.8%	20.6%
Return on Invested Capital (ROIC) TTM
ROIC TTM	8.4%	9.4%	11.8%	10.8%	11.7%	15.2%	16.9%	17.4%	18.4%	19.3%	22.5%	22.1%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Single Segment	2,748	2,566
Marketplace revenue			1,746	1,303	594
Services revenue			583	422	225
Total	2,748	2,566	2,329	1,726	818

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$59.41
Market Cap ($ Bil)	6.1
First Trading Date	04/16/2015
Distance from 52W High	-15.2%
	50 Days	200 Days
DMA Price	$59.23	$53.47
DMA Trend	up	up
Distance from DMA	0.3%	11.1%
	3M	1YR
Volatility	52.7%	45.8%
Downside Capture	140.10	98.11
Upside Capture	111.01	91.29
Correlation (SPY)	10.9%	35.0%

ETSY Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.99	1.39	0.71	0.83	0.81	1.19
Up Beta	1.11	-0.69	-1.33	0.64	0.65	1.02
Down Beta	0.74	1.70	2.41	0.91	0.89	1.04
Up Capture	24%	222%	68%	93%	76%	142%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	8	20	31	70	128	361
Down Capture	219%	279%	169%	103%	101%	107%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	13	21	31	55	117	385

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	18,575,470
Short Interest: % Change Since 8152025	12.4%
Average Daily Volume	5,375,230
Days-to-Cover Short Interest	3.46
Basic Shares Quantity	103,212,000
Short % of Basic Shares	18.0%

Returns Analyses

	Title
0	ETSY YTD Stock Return Of -15% Outperforms WMT by 47% and Underperforms COST by -26%
1	Etsy (ETSY) Stock Has >90% Chance Of Rise In The Next One Month
2	Etsy Stock Return Comparison
3	Etsy (ETSY) Stock Has 63% Chance Of Rise In The Next One Month
4	Etsy Total Shareholder Return (TSR): -45.3% in 2022 and 39.3% 3-yr returns (above peer average)
5	ETSY 399% YTD Return Outperforms LULU by 399% and Outperforms LULU by 399% (10/18/2021)
6	Broadline Retail Industry Return: 15% YTD Return vs 22% For S&P 500

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
7/30/2025	2.8%	-7.2%	-9.7%
4/30/2025	-5.7%	-2.2%	14.9%
2/19/2025	-10.1%	-7.3%	-21.9%
10/30/2024	7.2%	10.6%	14.3%
7/31/2024	-7.6%	-18.1%	-14.8%
5/1/2024	-15.1%	-10.3%	-9.0%
2/21/2024	-8.4%	-7.9%	-11.7%
11/1/2023	1.6%	5.5%	35.2%
...
SUMMARY STATS
# Positive	10	9	10
# Negative	12	13	12
Median Positive	10.7%	8.5%	13.9%
Median Negative	-8.0%	-7.9%	-14.3%
Max Positive	16.2%	24.7%	60.5%
Max Negative	-15.7%	-19.3%	-23.4%

	Forward Returns
7/30/2025	2.8%	-7.2%	-9.7%
4/30/2025	-5.7%	-2.2%	14.9%
2/19/2025	-10.1%	-7.3%	-21.9%
10/30/2024	7.2%	10.6%	14.3%
7/31/2024	-7.6%	-18.1%	-14.8%
5/1/2024	-15.1%	-10.3%	-9.0%
2/21/2024	-8.4%	-7.9%	-11.7%
11/1/2023	1.6%	5.5%	35.2%
8/2/2023	-13.7%	-16.9%	-23.4%
5/3/2023	-6.5%	-4.2%	-14.1%
2/22/2023	2.4%	-7.9%	-14.3%
11/2/2022	14.3%	8.5%	60.5%
7/27/2022	9.9%	13.6%	13.4%
2/24/2022	16.2%	24.7%	3.2%
11/3/2021	13.2%	3.7%	-3.5%
8/4/2021	-9.7%	-4.0%	5.6%
2/25/2021	11.5%	0.3%	2.4%
10/28/2020	-5.2%	-2.5%	15.0%
8/5/2020	-3.6%	-9.9%	-14.3%
5/6/2020	-2.1%	4.2%	0.6%
2/26/2020	14.3%	23.2%	-17.4%
10/30/2019	-15.7%	-19.3%	-17.8%
SUMMARY STATS
# Positive	10	9	10
# Negative	12	13	12
Median Positive	10.7%	8.5%	13.9%
Median Negative	-8.0%	-7.9%	-14.3%
Max Positive	16.2%	24.7%	60.5%
Max Negative	-15.7%	-19.3%	-23.4%

SEC Filings

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Report Date	Filing Date	Filing
6302025	7302025	10-Q 6/30/2025
3312025	4302025	10-Q 3/31/2025
12312024	2192025	10-K 12/31/2024
9302024	10312024	10-Q 9/30/2024
6302024	8012024	10-Q 6/30/2024
3312024	5022024	10-Q 3/31/2024
12312023	2222024	10-K 12/31/2023
9302023	11022023	10-Q 9/30/2023
6302023	8032023	10-Q 6/30/2023
3312023	5042023	10-Q 3/31/2023
12312022	2232023	10-K 12/31/2022
9302022	11032022	10-Q 9/30/2022
6302022	7282022	10-Q 6/30/2022
3312022	5052022	10-Q 3/31/2022
12312021	2252022	10-K 12/31/2021
9302021	11042021	10-Q 9/30/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	BALLARD CHARLES ANDREW		8262025	Sell	62.42	2,400	149,808	361,786	Form
1	Blow Marla J		8192025	Sell	67.13	257	17,252	650,087	Form
2	Colburn Richard Edward III	Chief Technology Officer	8142025	Sell	63.57	1,397	88,807	157,971	Form
3	PATEL GOYAL KRUTI	President&Chief Growth Officer	8082025	Sell	58.86	2,243	132,023	3,368,558	Form
4	Buckley Merilee	CHIEF ACCOUNTING OFFICER	8052025	Sell	58.83	5,817	342,214		Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Etsy (ETSY)

Market Price (9/17/2025): $59.29 | Market Cap: $6.1 BilSector: Consumer Discretionary | Industry: Broadline Retail

Etsy (ETSY)

Market Price (9/17/2025): $59.29Market Cap: $6.1 BilSector: Consumer DiscretionaryIndustry: Broadline Retail

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Market Price (9/17/2025): $59.29 | Market Cap: $6.1 Bil
Sector: Consumer Discretionary | Industry: Broadline Retail

Market Price (9/17/2025): $59.29
Market Cap: $6.1 Bil
Sector: Consumer Discretionary
Industry: Broadline Retail