Etsy, Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,884	2,808	2,748	2,566	2,329
Revenue Growth (YoY)	2.68%	2.18%	7.10%	10.17%	34.97%
Cost of Revenue	817.8	774.55	828.68	744.59	654.51
Gross Profit	2,066	2,034	1,920	1,822	1,675
Selling, General & Admin	1,248	1,211	1,102	1,023	937.34
Research & Development	450.19	443.06	469.33	412.4	271.54
Other Operating Expenses	101.7	-	68.09	1,045	-
Operating Income	266.21	380.21	279.84	-658.56	465.73
Interest Income	44.49	30.98	36	10.96	2.14
Interest Expense	-18.51	-13.81	-14.04	-14.17	-9.89
Other Non-Operating Income (Expense)	-45.53	13.39	-8.98	-0.21	13.67
Total Non-Operating Income (Expense)	-19.55	30.57	12.98	-3.42	5.92
Pretax Income	246.67	410.78	292.82	-661.98	471.65
Provision for Income Taxes	83.68	107.49	-14.75	32.31	-21.85
Net Income	162.98	303.28	307.57	-694.29	493.51
Net Income to Common	162.98	303.28	307.57	-694.29	493.51
Net Income Growth	-46.26%	-1.39%	-	-	41.31%
Shares Outstanding (Basic)	102	115	123	127	127
Shares Outstanding (Diluted)	124	132	140	127	147
Shares Change (YoY)	-5.78%	-6.01%	10.54%	-13.57%	7.53%
EPS (Basic)	1.59	2.64	2.51	-5.48	3.88
EPS (Diluted)	1.39	2.35	2.24	-5.48	3.40
EPS Growth	-40.85%	4.91%	-	-	26.39%
Free Cash Flow	678.03	738.26	692.56	673.38	640.3
Free Cash Flow Growth	-8.16%	6.60%	2.85%	5.17%	-5.49%
Free Cash Flow Per Share	5.46	5.60	4.94	5.31	4.37
Gross Margin	71.64%	72.42%	69.85%	70.98%	71.90%
Operating Margin	9.23%	13.54%	10.18%	-25.66%	20.00%
Profit Margin	5.65%	10.80%	11.19%	-27.06%	21.19%
FCF Margin	23.51%	26.29%	25.20%	26.24%	27.49%
EBITDA	368.06	488.28	371.16	-561.86	540
EBITDA Margin	12.76%	17.39%	13.50%	-21.90%	23.18%
EBIT	266.21	380.21	279.84	-658.56	465.73
EBIT Margin	9.23%	13.54%	10.18%	-25.66%	20.00%
Effective Tax Rate	33.93%	26.17%	-5.04%	-4.88%	-4.63%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.