The financials
Etsy, Inc. by the numbers
Etsy, Inc. (ETSY) reported revenue of $631M in Q1 2026 (quarter ended March 31, 2026), up 3.1% from the same quarter a year earlier. That came with a gross margin of 72% and net income of $70M (11% of revenue). For the full year FY2025, revenue was $2.88B (+2.7% year on year) and net income $163M. Its largest product in 2026-Q1 was Marketplace at $433M, 69% of the disclosed total, just ahead of Services at 31%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $631M | $612M | +3.1% |
| Gross profit | $456M | $444M | +2.5% |
| Operating income | $120M | −$3.9M | to a profit |
| Net income | $70M | −$52M | to a profit |
| Diluted EPS | $0.60 | −$0.49 | to a profit |
| Product | Revenue | Share |
|---|---|---|
| Marketplace | $433M | 69% |
| Services | $199M | 31% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $631.3M (-6.9%)
Services grew +7.9% year on yearMarketplace +1.1% year on year
Segment Latestquarter on quarteryear on year
- Marketplace$432.8M$432.8MQoQ -7.5%year on year +1.1%-7.5%+1.1%
- Services$198.5M$198.5MQoQ -5.5%year on year +7.9%-5.5%+7.9%
Internet Retail
Ranks #3 of 18 by Smart Score