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	823.03	744.59	654.51
Gross Profit	2,066	2,034	1,925	1,822	1,675
Selling, General & Admin	1,248	1,204	1,095	1,023	900.63
Research & Development	450.19	443.06	455.81	412.4	271.54
Other Operating Expenses	-	6.12	-	-	-
Operating Expenses	1,698	1,654	1,551	1,435	1,172
Operating Income	367.91	380.21	374.51	386.46	502.44
Interest Expense	-18.51	-13.81	-14.04	-14.17	-9.89
Interest & Investment Income	44.49	30.98	36	10.96	2.14
Currency Exchange Gain (Loss)	-40.43	13.39	-6.35	-0.21	13.67
EBT Excluding Unusual Items	353.47	410.78	390.12	383.04	508.36
Merger & Restructuring Charges	-	-	-26.58	-	-36.7
Impairment of Goodwill	-101.7	-	-	-1,045	-
Gain (Loss) on Sale of Assets	-5.1	-	-2.63	-	-
Asset Writedown	-	-	-68.09	-	-
Pretax Income	246.67	410.78	292.82	-661.98	471.65
Income Tax Expense	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	-40.66%	4.94%	-	-	26.25%
Free Cash Flow	678.03	738.26	692.56	673.38	640.3
Free Cash Flow Per Share	5.46	5.61	4.94	5.31	4.37
Gross Margin	71.64%	72.42%	70.05%	70.98%	71.90%
Operating Margin	12.76%	13.54%	13.63%	15.06%	21.57%
Profit Margin	5.65%	10.80%	11.19%	-27.06%	21.19%
Free Cash Flow Margin	23.51%	26.29%	25.20%	26.24%	27.49%
EBITDA	418.86	437.58	431.53	445.86	546.7
EBITDA Margin	14.53%	15.58%	15.70%	17.38%	23.47%
D&A For EBITDA	50.95	57.37	57.02	59.4	44.27
EBIT	367.91	380.21	374.51	386.46	502.44
EBIT Margin	12.76%	13.54%	13.63%	15.06%	21.57%
Effective Tax Rate	33.93%	26.17%	-	-	-

Updated Feb 19, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q