Etsy, Inc.

ETSY Consumer Cyclical Internet Retail

Revenue
+11.0%
EPS
+1,132.8%
Free cash flow
−26.1%
Total debt
+0.16%

Quarter to September 2026, against a year earlier

96.80 6.94 +7.72%
Market cap
$7.8B
P/E
8.4×
Fwd P/E
21.8×
Dividend yield
—
F-score
5/9
Altman Z
1.26
Beneish M
−3.45
Dividend safety
n/a

Etsy, Inc. (ETSY) Debt to equity

Alert me on Debt to equity

Etsy, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was −4.5×, down 1.7× from fiscal 2025 (−2.8×). Over the past ten years it has ranged from −4.4× (fiscal 2023) to 3.8× (fiscal 2021); the current reading is higher than 36% of that period. That is below the Internet Retail industry median of 0.1× and below the Consumer Cyclical sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 −2.8× —
FY2024 −3.1× —
FY2023 −4.4× —
FY2022 −4.4× —
FY2021 3.8× 152.15%
FY2020 1.5× (27.88%)
FY2019 2.1× 144.83%
FY2018 0.9× 383.31%
FY2017 0.2× (12.48%)
FY2016 0.2× 12.41%

Quarterly newest first

Period Debt to equity Change
Sep 2026 −4.5× —
Jun 2026 −2.2× —
Mar 2026 −2.7× —
Dec 2025 −2.8× —
43 more quarters

Against its own ten years

Low −4.4× High 3.8×
Ten-year median 0.2×
Current reading's percentile 36

Debt to equity against peers

Company Debt to equity
ETSY Etsy, Inc. −4.5×
W Wayfair Inc. compare −1.0×
CART Maplebear Inc. compare 0.0×
VIPS Vipshop Holdings Limited compare 0.0×
PTRN Pattern Group Inc. compare 0.0×
GLBE Global-e Online Ltd. compare 0.0×
CPNG Coupang, Inc. compare 0.0×
JD JD.com, Inc. compare 0.2×
CHWY Chewy compare 1.6×
Internet Retail industry median 0.1×
Consumer Cyclical sector median 0.2×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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