Etsy, Inc. (ETSY)

Etsy, Inc. Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	2,748	2,566	2,329	1,726	818.38
Revenue Growth (YoY)	7.10%	10.18%	34.97%	110.86%	35.56%
Cost of Revenue	828.68	744.59	654.51	464.75	271.04
Gross Profit	1,920	1,822	1,675	1,261	547.34
Selling, General & Admin	1,102	1,023	937.34	656.79	336.7
Research & Development	469.33	412.4	271.54	180.08	121.88
Other Operating Expenses	68.09	1,045	0	0	0
Operating Expenses	1,640	2,480	1,209	836.87	458.58
Operating Income	279.84	-658.56	465.73	424.01	88.76
Interest Expense / Income	14.04	14.17	9.89	42.03	24.32
Other Expense / Income	-27.02	-10.75	-15.81	16.28	-16.21
Pretax Income	292.82	-661.98	471.65	365.71	80.65
Income Tax	-14.75	32.31	-21.85	16.46	-15.25
Net Income	307.57	-694.29	493.51	349.25	95.89
Net Income Growth	-	-	41.31%	264.20%	23.75%
Shares Outstanding (Basic)	123	127	127	121	120
Shares Outstanding (Diluted)	140	127	147	136	126
Shares Change	10.54%	-13.57%	7.53%	8.51%	-1.07%
EPS (Basic)	2.51	-5.48	3.88	2.88	0.80
EPS (Diluted)	2.24	-5.48	3.40	2.69	0.76
EPS Growth	-	-	26.39%	253.95%	24.59%
Free Cash Flow	665.61	646.41	621.44	671.85	191.64
Free Cash Flow Per Share	5.43	5.10	4.88	5.54	1.60
Gross Margin	69.85%	70.98%	71.90%	73.07%	66.88%
Operating Margin	10.18%	-25.66%	20.00%	24.57%	10.85%
Profit Margin	11.19%	-27.06%	21.19%	20.24%	11.72%
Free Cash Flow Margin	24.22%	25.19%	26.68%	38.93%	23.42%
Effective Tax Rate	-5.04%	-	-4.63%	4.50%	-18.91%
EBITDA	398.19	-551.11	555.81	465.92	153
EBITDA Margin	14.49%	-21.48%	23.86%	27.00%	18.70%
Depreciation & Amortization	91.32	96.7	74.27	58.19	48.03
EBIT	306.86	-647.81	481.54	407.73	104.97
EBIT Margin	11.17%	-25.24%	20.67%	23.63%	12.83%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).