InsiderClue
Stocks · Industrials · Services-Business Services, NEC

ETSY INC

ETSY Clue Score35
United States Fiscal year ends December CIK 0001370637
$76.71 +2.09% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $76.71 −62.09% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue365.0Operating income17.6Net income−29.9EPS, diluted−0.26Fiscal year 2017Revenue441.2 +20.9%Operating income11.9Net income81.8EPS, diluted0.68Fiscal year 2018Revenue603.7 +36.8%Operating income74.8Net income77.5 −5.3%EPS, diluted0.61 −10.3%Fiscal year 2019Revenue818.4 +35.6%Operating income88.8Net income95.9 +23.7%EPS, diluted0.76 +24.6%Fiscal year 2020Revenue1,725.6 +110.9%Operating income424.0Net income349.2 +264.2%EPS, diluted2.69 +253.9%Fiscal year 2021Revenue2,329.1 +35.0%Operating income465.7Net income493.5 +41.3%EPS, diluted3.40 +26.4%Fiscal year 2022Revenue2,566.1 +10.2%Operating income−658.6Net income−694.3 −240.7%EPS, diluted−5.48 −261.2%Fiscal year 2023Revenue2,748.4 +7.1%Operating income279.8Net income307.6EPS, diluted2.24Fiscal year 2024Revenue2,808.3 +2.2%Operating income380.2Net income303.3 −1.4%EPS, diluted2.35 +4.9%Fiscal year 2025Revenue2,883.5 +2.7%Operating income266.2Net income163.0 −46.3%EPS, diluted1.39 −40.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 365.0 441.2 603.7 818.4 1,725.6 2,329.1 2,566.1 2,748.4 2,808.3 2,883.5
Growth +20.9% +36.8% +35.6% +110.9% +35.0% +10.2% +7.1% +2.2% +2.7%
Operating income 17.6 11.9 74.8 88.8 424.0 465.7 −658.6 279.8 380.2 266.2
Net income −29.9 81.8 77.5 95.9 349.2 493.5 −694.3 307.6 303.3 163.0
Growth −5.3% +23.7% +264.2% +41.3% −240.7% −1.4% −46.3%
EPS, diluted −0.26 0.68 0.61 0.76 2.69 3.40 −5.48 2.24 2.35 1.39
Growth −10.3% +24.6% +253.9% +26.4% −261.2% +4.9% −40.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin66.2%Operating margin4.8%Net margin−8.2%Free cash flow margin3.3%Fiscal year 2017Gross margin65.8%Operating margin2.7%Net margin18.5%Free cash flow margin14.8%Fiscal year 2018Gross margin68.4%Operating margin12.4%Net margin12.8%Free cash flow margin32.8%Fiscal year 2019Gross margin66.9%Operating margin10.8%Net margin11.7%Free cash flow margin24.4%Fiscal year 2020Gross margin73.1%Operating margin24.6%Net margin20.2%Free cash flow margin39.3%Fiscal year 2021Gross margin71.9%Operating margin20.0%Net margin21.2%Free cash flow margin27.5%Fiscal year 2022Gross margin71.0%Operating margin−25.7%Net margin−27.1%Free cash flow margin26.2%Fiscal year 2023Gross margin69.8%Operating margin10.2%Net margin11.2%Free cash flow margin25.2%Fiscal year 2024Gross margin72.4%Operating margin13.5%Net margin10.8%Free cash flow margin26.3%Fiscal year 2025Gross margin71.6%Operating margin9.2%Net margin5.7%Free cash flow margin23.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 66.2% 65.8% 68.4% 66.9% 73.1% 71.9% 71.0% 69.8% 72.4% 71.6%
Operating margin 4.8% 2.7% 12.4% 10.8% 24.6% 20.0% −25.7% 10.2% 13.5% 9.2%
Net margin −8.2% 18.5% 12.8% 11.7% 20.2% 21.2% −27.1% 11.2% 10.8% 5.7%
Free cash flow margin 3.3% 14.8% 32.8% 24.4% 39.3% 27.5% 26.2% 25.2% 26.3% 23.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow48.0Capital expenditure−36.0Free cash flow12.0Buybacks0.0Fiscal year 2017Operating cash flow69.1Capital expenditure−3.9Free cash flow65.2 +443.7%Buybacks−10.3Fiscal year 2018Operating cash flow198.9Capital expenditure−1.0Free cash flow197.9 +203.8%Buybacks−134.6Fiscal year 2019Operating cash flow206.9Capital expenditure−7.5Free cash flow199.4 +0.8%Buybacks−177.0Fiscal year 2020Operating cash flow679.0Capital expenditure−1.4Free cash flow677.5 +239.8%Buybacks−268.7Fiscal year 2021Operating cash flow651.6Capital expenditure−11.2Free cash flow640.3 −5.5%Buybacks−302.8Fiscal year 2022Operating cash flow683.6Capital expenditure−10.2Free cash flow673.4 +5.2%Buybacks−425.7Fiscal year 2023Operating cash flow705.5Capital expenditure−13.0Free cash flow692.6 +2.8%Buybacks−577.0Fiscal year 2024Operating cash flow752.5Capital expenditure−14.2Free cash flow738.3 +6.6%Buybacks−723.9Fiscal year 2025Operating cash flow693.4Capital expenditure−15.4Free cash flow678.0 −8.2%Buybacks−776.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 48.0 69.1 198.9 206.9 679.0 651.6 683.6 705.5 752.5 693.4
Capital expenditure −36.0 −3.9 −1.0 −7.5 −1.4 −11.2 −10.2 −13.0 −14.2 −15.4
Free cash flow 12.0 65.2 197.9 199.4 677.5 640.3 673.4 692.6 738.3 678.0
Growth +443.7% +203.8% +0.8% +239.8% −5.5% +5.2% +2.8% +6.6% −8.2%
Buybacks 0.0 −10.3 −134.6 −177.0 −268.7 −302.8 −425.7 −577.0 −723.9 −776.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash181.6Shareholders’ equity344.8Fiscal year 2017Cash315.4Total debt0.0Net cash (debt)315.4Shareholders’ equity396.9Debt to equity0.00Fiscal year 2018Cash367.0Total debt276.5Net cash (debt)90.5Shareholders’ equity400.9Debt to equity0.69Fiscal year 2019Cash443.3Total debt785.1Net cash (debt)−341.8Shareholders’ equity406.6Debt to equity1.93Fiscal year 2020Cash1,244.1Total debt1,062.3Net cash (debt)181.8Shareholders’ equity742.4Debt to equity1.43Fiscal year 2021Cash780.2Total debt2,275.4Net cash (debt)−1,495.2Shareholders’ equity628.6Debt to equity3.62Fiscal year 2022Cash921.3Total debt2,279.6Net cash (debt)−1,358.4Shareholders’ equity−547.3Fiscal year 2023Cash914.3Total debt2,283.8Net cash (debt)−1,369.5Shareholders’ equity−543.7Fiscal year 2024Cash811.2Total debt2,288.1Net cash (debt)−1,476.9Shareholders’ equity−758.9Fiscal year 2025Cash1,395.8Total debt2,333.2Net cash (debt)−937.4Shareholders’ equity−1,098.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 181.6 315.4 367.0 443.3 1,244.1 780.2 921.3 914.3 811.2 1,395.8
Total debt n/a 0.0 276.5 785.1 1,062.3 2,275.4 2,279.6 2,283.8 2,288.1 2,333.2
Net cash (debt) n/a 315.4 90.5 −341.8 181.8 −1,495.2 −1,358.4 −1,369.5 −1,476.9 −937.4
Shareholders’ equity 344.8 396.9 400.9 406.6 742.4 628.6 −547.3 −543.7 −758.9 −1,098.1
Debt to equity n/a 0.00 0.69 1.93 1.43 3.62 n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
365.0 441.2 603.7 818.4 1,725.6 2,329.1 2,566.1 2,748.4 2,808.3 2,883.5
Growth +20.9% +36.8% +35.6% +110.9% +35.0% +10.2% +7.1% +2.2% +2.7%
123.3 151.0 190.8 271.0 464.7 654.5 744.6 828.7 774.6 817.8
241.6 290.2 412.9 547.3 1,260.9 1,674.6 1,821.5 1,919.7 2,033.8 2,065.7
Growth +20.1% +42.3% +32.6% +130.4% +32.8% +8.8% +5.4% +5.9% +1.6%
55.1 74.6 97.2 121.9 180.1 271.5 412.4 469.3 443.1 450.2
86.2 91.5 82.9 121.1 156.0 282.5 312.3 343.2 353.9 332.8
17.6 11.9 74.8 88.8 424.0 465.7 −658.6 279.8 380.2 266.2
Growth −32.3% +528.7% +18.7% +377.7% +9.8% −241.4% +35.9% −30.0%
−2.9 32.3 55.1 80.6 365.7 471.7 −662.0 292.8 410.8 246.7
27.0 −49.5 −22.4 −15.2 16.5 −21.9 32.3 −14.7 107.5 83.7
−29.9 81.8 77.5 95.9 349.2 493.5 −694.3 307.6 303.3 163.0
Growth −5.3% +23.7% +264.2% +41.3% −240.7% −1.4% −46.3%
Per share
−0.26 0.69 0.64 0.80 2.88 3.88 −5.48 2.51 2.64 1.59
−0.26 0.68 0.61 0.76 2.69 3.40 −5.48 2.24 2.35 1.39
Growth −10.3% +24.6% +253.9% +26.4% −261.2% +4.9% −40.9%
113.6 118.5 120.1 119.7 121.3 127.2 126.8 122.5 114.9 102.4
113.6 122.3 127.1 125.7 136.4 146.7 126.8 140.1 131.7 124.1
Growth +7.7% +3.9% −1.1% +8.5% +7.5% −13.6% +10.5% −6.0% −5.8%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 10.8% a year over five years, and earnings per share fell 12.4% a year.
  • The diluted share count fell 9.0% in five years, so buybacks did some of the work per share.
  • Operating margin is down 15.3 points on five years ago, at 9.2%.
  • A net loss in 2 of 10 years on file.