Etsy, Inc. (ETSY)

Etsy, Inc. Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,838	2,808	2,748	2,566	2,329	1,726
Revenue Growth (YoY)	2.38%	2.18%	7.10%	10.17%	34.97%	110.86%
Cost of Revenue	788.94	774.55	823.03	744.59	654.51	464.75
Gross Profit	2,049	2,034	1,925	1,822	1,675	1,261
Selling, General & Admin	1,211	1,211	1,095	1,023	900.63	654.99
Research & Development	441.09	443.06	455.81	412.4	271.54	180.08
Operating Expenses	1,652	1,654	1,551	1,435	1,172	835.07
Operating Income	397.75	380.21	374.51	386.46	502.44	425.81
Interest Expense	-14.04	-13.81	-14.04	-14.17	-9.89	-42.03
Interest & Investment Income	32.12	30.98	36	10.96	2.14	7.1
Currency Exchange Gain (Loss)	-39.06	13.39	-6.35	-0.21	13.67	-6.52
EBT Excluding Unusual Items	376.77	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	269.97	410.78	292.82	-661.98	471.65	365.71
Income Tax Expense	105.95	107.49	-14.75	32.31	-21.85	16.46
Net Income	164.02	303.28	307.57	-694.29	493.51	349.25
Net Income to Common	164.02	303.28	307.57	-694.29	493.51	349.25
Net Income Growth	-42.88%	-1.39%	-	-	41.31%	264.20%
Shares Outstanding (Basic)	109	115	123	127	127	121
Shares Outstanding (Diluted)	117	132	140	127	147	136
Shares Change (YoY)	-13.99%	-6.01%	10.54%	-13.57%	7.53%	8.51%
EPS (Basic)	1.51	2.64	2.51	-5.48	3.88	2.88
EPS (Diluted)	1.43	2.35	2.24	-5.48	3.40	2.69
EPS Growth	-33.73%	4.94%	-	-	26.25%	254.11%
Free Cash Flow	671.28	738.26	692.58	673.38	640.3	676.63
Free Cash Flow Per Share	5.73	5.61	4.94	5.31	4.37	4.96
Gross Margin	72.20%	72.42%	70.05%	70.98%	71.90%	73.07%
Operating Margin	14.01%	13.54%	13.63%	15.06%	21.57%	24.68%
Profit Margin	5.78%	10.80%	11.19%	-27.06%	21.19%	20.24%
Free Cash Flow Margin	23.65%	26.29%	25.20%	26.24%	27.49%	39.21%
EBITDA	453.88	437.58	431.53	445.86	546.7	461.4
EBITDA Margin	15.99%	15.58%	15.70%	17.38%	23.47%	26.74%
D&A For EBITDA	56.13	57.37	57.02	59.4	44.27	35.59
EBIT	397.75	380.21	374.51	386.46	502.44	425.81
EBIT Margin	14.01%	13.54%	13.63%	15.06%	21.57%	24.68%
Effective Tax Rate	39.25%	26.17%	-	-	-	4.50%

Updated Jul 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q