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Saturday 17 October 2026 Export ETSY’s income statement to Excel — free account

Etsy, Inc.

ETSY Consumer Cyclical Internet Retail

In the quarter to June 2026, revenue grew 6.23%, EPS fell 275.0%, free cash flow fell 64.3% and total debt was flat, each against the same quarter a year earlier. Revenue growth for ten consecutive years.

85.14 4.04 −4.53%
Market cap
$8.2B
P/E
40.2×
Fwd P/E
18.9×
Dividend yield
—
F-score
5/9
Altman Z
1.26
Beneish M
−3.45
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 80.06
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 5 1 2 4 1 6 5 5 6 8 3 5
Insider Ownership 3.89%

Capital & Financial Ratios $m

Market Cap 8,190.00
Revenue 2,941.76
Net Income 209.27
Free Cash Flow 613.51
Net Debt 1,953.52
Current Ratio 1.48
Debt/Equity (2.20) (negative: negative equity)
P/E ratio 40.16 (above 35: high)
Fwd P/E 18.90
P/S ratio 2.73
P/B ratio 0.00
Past 5Y EPS Growth (12.37%) (below 0%: weak)
This Y EPS Growth 138.81% (at or above 15%: strong)
Next Y EPS Growth 37.48% (at or above 15%: strong)
Next Y revenue growth (1.20%) (below 0%: weak)
Next 5Y EPS Growth 55.59% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.4×, against a ten-year median of 4.4×; over the ten years it ranged from 1.7× in 2016 to 16.3× in 2021.
P/E against its own 10 years 47.82%
10-year low 10-year high
P/S against its own 10 years 23.11%
10-year low 10-year high
EV/Sales against its own 10 years 32.92%
10-year low 10-year high
EV/FCF against its own 10 years 30.38%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,150 1,040 1,620 1,122
Receivables 290 198 214 203
Inventory — — — —
Other — — — —
1,570 1,328 1,961 1,875
2023 2024 2025 Q'26
Payables 30 26 29 20
ST’ Debt — — 649 650
Other 41 55 61 50
711 665 1,364 1,270

Compound Annual Growth %

10y 5y 3y
Sales 26.56% 10.81% 3.96%
Cash Flow 35.53% 0.42% 0.48%
Earnings 0.00% (14.14%) 0.00%
Book Value 0.00% 0.00% 0.00%

Revenue $m

Mar Jun Sep Dec Year
’26 631 668 — — —
’25 612 629 678 964 2,884
’24 646 648 662 852 2,808
’23 641 629 636 842 2,748
’22 579 585 594 807 2,566
’21 551 529 532 717 2,329
’20 228 429 451 617 1,726
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 81 41 — — —
’25 49 108 219 317 693
’24 69 151 217 315 752
’23 56 136 219 295 706
’22 60 126 207 292 684
’21 148 122 91 290 652
’20 30 220 185 244 679
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 71 33 — — —
’25 37 92 202 308 639
’24 59 141 204 304 709
’23 47 128 208 283 666
’22 50 118 192 286 646
’21 145 116 81 279 621
’20 28 220 183 240 671
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.60 (0.36) — — —
’25 (0.49) 0.25 0.63 0.92 1.39
’24 0.48 0.41 0.45 1.03 2.35
’23 0.53 0.45 0.64 0.62 2.24
’22 0.60 0.51 (7.62) 0.77 (5.48)
’21 1.00 0.68 0.62 1.11 3.40
’20 0.10 0.75 0.70 1.08 2.69
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 6.04 9.41 16.72 39.76 29.95 153.80 67.01 58.20 47.10 40.05

Analyst estimates 2026–2028

Powerpack
High 16.05 21.86 58.30 73.35 198.50 307.75 223.22 149.91 82.84 76.52
People
People Employees 1,043 744 545 1,240 1,414 2,402 2,790 2,420 2,400 2,375
Revenue/emp, $m 0.35 0.59 1.11 0.66 1.22 0.97 0.92 1.14 1.17 1.21
Income, $m
Income, $m Revenue 365 441 604 818 1,726 2,329 2,566 2,748 2,808 2,884
Gross margin, % 66.21 65.78 68.40 66.88 73.07 71.90 70.98 69.85 72.42 71.64
EBT (3) 32 55 81 366 472 (662) 293 411 247
EBT margin, % (0.79) 7.31 9.12 9.85 21.19 20.25 (25.80) 10.65 14.63 8.55
Net income (30) 82 77 96 349 494 (694) 308 303 163
Depreciation 40 28 28 50 58 74 97 91 108 102
Per share, $
Per share, $ Revenue 3.21 3.72 5.02 6.84 14.23 18.31 20.24 22.44 24.43 28.17
Earnings (0.26) 0.69 0.64 0.80 2.88 3.88 (5.48) 2.51 2.64 1.59
Cash flow 0.42 0.58 1.66 1.73 5.60 5.12 5.39 5.76 6.55 6.77
Capex (0.42) (0.11) (0.47) (0.14) (0.07) (0.24) (0.29) (0.33) (0.38) (0.53)
Free cash flow 0.00 0.47 1.19 1.59 5.53 4.88 5.10 5.43 6.17 6.24
Book value 3.04 3.35 3.34 3.40 6.12 4.94 (4.32) (4.44) (6.60) (10.73)
Shares, m 114 119 120 120 121 127 127 123 115 102
Valuation, ×
Valuation, × P/E 0.00 30.35 73.18 56.08 62.42 56.28 0.00 32.17 19.88 33.00
P/S 3.70 5.60 9.47 6.48 12.50 11.96 5.61 3.61 2.16 1.97
P/B 3.91 6.22 14.26 13.04 29.06 44.31 0.00 0.00 0.00 0.00
EV/Sales 3.10 4.97 9.00 6.52 12.18 12.56 6.09 4.06 2.64 2.49
EV/FCF 5,278.96 39.20 38.03 28.12 31.33 46.94 24.24 16.95 10.57 11.34
Cash, $m
Cash, $m Operating cash flow 48 69 199 207 679 652 684 706 752 693
Capex (48) (13) (56) (17) (8) (30) (37) (40) (43) (55)
Free cash flow 0 56 143 190 671 621 646 666 709 639
Balance, $m
Balance, $m Working capital 287 337 568 733 1,440 726 882 860 663 597
Total debt 70 70 343 851 1,120 2,392 2,394 2,383 2,382 3,076
Net debt (212) (270) (282) 33 (549) 1,407 1,223 1,233 1,342 1,456
Shareholders’ equity 345 397 401 407 742 629 (547) (544) (759) (1,098)
Returns, %
Returns, % ROA (5.27) 13.79 10.28 7.85 17.70 15.83 (21.47) 11.56 11.89 6.21
ROIC 8.30 5.88 39.22 12.60 136.97 14.30 (60.94) 25.37 40.75 46.51
ROE (8.86) 22.06 19.43 23.75 60.79 71.99 (1,707.02) (56.38) (46.57) (17.55)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Etsy, Inc. vs peers in Internet Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
JD JD.com, Inc. $32.9B 17.3× 10.9× +2.54% (above 0%: growing) +27.87% (above 0%: growing) +64.77% (above 0%: growing) 17.12% 1.31% Compare
CPNG Coupang, Inc. $26.6B — (loss-making) — (loss-making) +3.89% (above 0%: growing) n/m −79.35% (below 0%: shrinking) 28.16% (6.28%) Compare
W Wayfair Inc. $15.3B — (loss-making) — (loss-making) +7.52% (above 0%: growing) n/m +28.46% (above 0%: growing) 29.95% 2.96% Compare
CART Maplebear Inc. $11.8B 26.2× 17.0× +14.11% (above 0%: growing) +6.98% (above 0%: growing) +157.22% (above 0%: growing) 72.00% 13.81% Compare
CHWY Chewy $8.6B 31.8× 23.1× +7.28% (above 0%: growing) +33.33% (above 0%: growing) −15.49% (below 0%: shrinking) 30.36% 2.76% Compare
ETSY Etsy, Inc. $8.2B 40.2× 18.9× +6.23% (above 0%: growing) n/m −64.33% (below 0%: shrinking) 72.43% 18.74%
GLBE Global-e Online Ltd. $6.8B 42.7× 28.3× +39.15% (above 0%: growing) +366.67% (above 0%: growing) +15.22% (above 0%: growing) 44.10% 14.94% Compare
VIPS Vipshop Holdings Limited $5.2B 4.1× 5.1× +1.08% (above 0%: growing) +221.95% (above 0%: growing) +38.25% (above 0%: growing) 23.29% 6.15% Compare
OZON Ozon Holdings PLC Sponsored ADR $2.4B — (loss-making) — (loss-making) +31.09% (above 0%: growing) n/m +116.83% (above 0%: growing) 10.69% (9.16%) Compare
Median of peers $10.2B 26.2× 17.0× +7.40% +33.33% +33.36% 29.06% 2.86%

All 42 Internet Retail stocks →

Etsy, Inc. (ETSY) key facts

  • Etsy, Inc. (ETSY) is an Internet Retail company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, ETSY traded at $85.14, a market capitalization of $8.2 billion.
  • Return on equity was −17.6% and debt-to-equity -2.20.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.26 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Etsy, Inc. (ETSY) Latest News

15 Apr

Impact 5 ·
stockrow.com/ETSY · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com