Etsy, Inc. Cash Flow 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
Net Income	162.98	303.28	307.57	-694.29	493.51
Depreciation & Amortization	101.85	108.07	91.32	96.7	74.27
Stock-Based Compensation	244.75	282.85	284.56	230.89	139.91
Other Adjustments	184.53	-21.46	45.77	1,010	-80.02
Change in Receivables	-33.07	72.67	-45.39	-34.63	-103.2
Changes in Accounts Payable	25.53	-72.6	31.91	21.1	69.77
Changes in Accrued Expenses	27.66	34.24	34.44	6.44	84.79
Changes in Unearned Revenue	6.98	4.95	0.46	1.91	1.44
Changes in Other Operating Activities	-27.79	40.48	-45.12	45.65	-28.92
Operating Cash Flow	693.41	752.47	705.51	683.61	651.55
Operating Cash Flow Growth	-7.85%	6.66%	3.20%	4.92%	-4.04%
Capital Expenditures	-15.39	-14.21	-12.95	-10.24	-11.25
Purchases of Intangible Assets	-39.28	-29.29	-26.96	-26.96	-18.86
Purchases of Investments	-326.58	-330.76	-342.85	-270.35	-418.52
Proceeds from Sale of Investments	312.84	321.16	309.45	277.52	590.63
Payments for Business Acquisitions	-	-	-	-	-1,700
Proceeds from Business Divestments	100.49	-	-	-	-
Investing Cash Flow	32.08	-53.1	-73.31	-30.02	-1,558
Long-Term Debt Issued	700	-	-	-	1,000
Long-Term Debt Repaid	-	-	-	-	-43.9
Net Long-Term Debt Issued (Repaid)	700	-	-	-	956.1
Issuance of Common Stock	17.67	3.91	14.23	15.02	22.71
Repurchase of Common Stock	-852.12	-785.49	-660.41	-504.89	-420.94
Net Common Stock Issued (Repurchased)	-834.45	-781.58	-646.18	-489.87	-398.24
Other Financing Activities	-35.42	-5.59	-10.35	-16.62	-105.12
Financing Cash Flow	-169.88	-787.17	-656.53	-506.48	452.75
Effect of Exchange Rate Changes on Cash and Cash Equivalents	37.56	-15.35	12.03	-6.02	-10.23
Net Cash Flow	593.18	-103.15	-12.3	141.08	-463.9
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%
FCF Margin	23.51%	26.29%	25.20%	26.24%	27.49%
Free Cash Flow Per Share	5.46	5.60	4.94	5.31	4.37
Levered Free Cash Flow	981.82	404.21	407.63	-532.73	1,640
Unlevered Free Cash Flow	294.73	381.64	394	-529.15	677.41

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