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) Net margin

Alert me on Net margin

Etsy, Inc.'s net margin over the twelve months to 30 September 2026 was 32.8%, up 27.2 percentage points from fiscal 2025 (5.65%). Over the past ten years it has ranged from −27.1% (fiscal 2022) to 21.2% (fiscal 2021); the current reading is higher than 36% of that period. That is above the Internet Retail industry median of 0.56% and above the Consumer Cyclical sector median of 2.02%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 5.65% (5.15)
FY2024 10.8% (0.39)
FY2023 11.2% 38.25
FY2022 −27.1% (48.25)
FY2021 21.2% 0.95
FY2020 20.2% 8.52
FY2019 11.7% (1.12)
FY2018 12.8% (5.70)
FY2017 18.5% 26.73
FY2016 −8.19% 11.58

Quarterly newest first

Period Net margin Change (points)
Sep 2026 123.3% 130.24
Jun 2026 −6.98% (18.02)
Mar 2026 11.0% 0.16
Dec 2025 10.9% (1.22)
43 more quarters

Against its own ten years

Low −27.1% High 21.2%
Ten-year median 11.2%
Current reading's percentile 100

Net margin against peers

Company Net margin
ETSY Etsy, Inc. 32.8%
GLBE Global-e Online Ltd. compare 13.9%
CART Maplebear Inc. compare 11.8%
VIPS Vipshop Holdings Limited compare 9.82%
CHWY Chewy compare 2.09%
JD JD.com, Inc. compare 1.16%
W Wayfair Inc. compare −2.49%
CPNG Coupang, Inc. compare −3.77%
PTRN Pattern Group Inc. compare −4.57%
Internet Retail industry median 0.56%
Consumer Cyclical sector median 2.02%
Market median 1.22%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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