Etsy, Inc. (ETSY)

Etsy, Inc. Income Statement

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

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

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q