Etsy, Inc. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,854	2,808	2,748	2,566	2,329	1,726
Revenue Growth (YoY)	1.98%	2.18%	7.10%	10.17%	34.97%	110.86%
Cost of Revenue	797.95	774.55	823.03	744.59	654.51	464.75
Gross Profit	2,056	2,034	1,925	1,822	1,675	1,261
Selling, General & Admin	1,215	1,211	1,095	1,023	900.63	654.99
Research & Development	447.22	443.06	455.81	412.4	271.54	180.08
Operating Expenses	1,662	1,654	1,551	1,435	1,172	835.07
Operating Income	393.65	380.21	374.51	386.46	502.44	425.81
Interest Expense	-16.28	-13.81	-14.04	-14.17	-9.89	-42.03
Interest & Investment Income	39.15	30.98	36	10.96	2.14	7.1
Currency Exchange Gain (Loss)	-21.47	13.39	-6.35	-0.21	13.67	-6.52
EBT Excluding Unusual Items	395.05	410.78	390.12	383.04	508.36	384.37
Merger & Restructuring Charges	-	-	-26.58	-	-36.7	-1.8
Impairment of Goodwill	-101.7	-	-	-1,045	-	-
Gain (Loss) on Sale of Assets	-5.1	-	-2.63	-	-	-
Asset Writedown	-	-	-68.09	-	-	-
Other Unusual Items	-	-	-	-	-	-16.86
Pretax Income	288.25	410.78	292.82	-661.98	471.65	365.71
Income Tax Expense	106.09	107.49	-14.75	32.31	-21.85	16.46
Net Income	182.15	303.28	307.57	-694.29	493.51	349.25
Net Income to Common	182.15	303.28	307.57	-694.29	493.51	349.25
Net Income Growth	-29.02%	-1.39%	-	-	41.31%	264.20%
Shares Outstanding (Basic)	105	115	123	127	127	121
Shares Outstanding (Diluted)	119	132	140	127	147	136
Shares Change (YoY)	-10.98%	-6.01%	10.54%	-13.57%	7.53%	8.51%
EPS (Basic)	1.73	2.64	2.51	-5.48	3.88	2.88
EPS (Diluted)	1.56	2.35	2.24	-5.48	3.40	2.69
EPS Growth	-20.56%	4.94%	-	-	26.25%	254.11%
Free Cash Flow	673.1	738.26	692.58	673.38	640.3	676.63
Free Cash Flow Per Share	5.63	5.61	4.94	5.31	4.37	4.96
Gross Margin	72.04%	72.42%	70.05%	70.98%	71.90%	73.07%
Operating Margin	13.79%	13.54%	13.63%	15.06%	21.57%	24.68%
Profit Margin	6.38%	10.80%	11.19%	-27.06%	21.19%	20.24%
Free Cash Flow Margin	23.58%	26.29%	25.20%	26.24%	27.49%	39.21%
EBITDA	446.3	437.58	431.53	445.86	546.7	461.4
EBITDA Margin	15.64%	15.58%	15.70%	17.38%	23.47%	26.74%
D&A For EBITDA	52.65	57.37	57.02	59.4	44.27	35.59
EBIT	393.65	380.21	374.51	386.46	502.44	425.81
EBIT Margin	13.79%	13.54%	13.63%	15.06%	21.57%	24.68%
Effective Tax Rate	36.81%	26.17%	-	-	-	4.50%

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q