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Wednesday 4 November 2026
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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%
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Etsy, Inc. (ETSY) Operating margin
Etsy, Inc.'s operating margin over the twelve months to 30 September 2026 was 14.0%, up 4.8 percentage points from fiscal 2025 (9.23%). Over the past ten years it has ranged from −25.7% (fiscal 2022) to 24.6% (fiscal 2020); the current reading is higher than 45% of that period. That is above the Internet Retail industry median of 0.76% and above the Consumer Cyclical sector median of 3.97%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 9.23% | (4.31) |
| FY2024 | 13.5% | 3.36 |
| FY2023 | 10.2% | 35.84 |
| FY2022 | −25.7% | (45.66) |
| FY2021 | 20.0% | (4.57) |
| FY2020 | 24.6% | 13.72 |
| FY2019 | 10.9% | (1.54) |
| FY2018 | 12.4% | 9.69 |
| FY2017 | 2.70% | (2.12) |
| FY2016 | 4.82% | 5.51 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 16.1% | (2.65) |
| Jun 2026 | 18.7% | (0.24) |
| Mar 2026 | 19.0% | 12.60 |
| Dec 2025 | 6.38% | (11.40) |
| 43 more quarters | Free account |
Against its own ten years
Low −25.7%
High 24.6%
Ten-year median
10.2%
Current reading's percentile
74
Operating margin against peers
| Company | Operating margin |
|---|---|
| CART Maplebear Inc. compare | 14.8% |
| GLBE Global-e Online Ltd. compare | 14.3% |
| ETSY Etsy, Inc. | 14.0% |
| VIPS Vipshop Holdings Limited compare | 7.77% |
| CHWY Chewy compare | 2.51% |
| W Wayfair Inc. compare | 1.67% |
| PTRN Pattern Group Inc. compare | 1.36% |
| JD JD.com, Inc. compare | 0.15% |
| CPNG Coupang, Inc. compare | −3.43% |
| Internet Retail industry median | 0.76% |
| Consumer Cyclical sector median | 3.97% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on ETSY
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement