Etsy, Inc. Cash Flow 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
Net Income	162.98	303.28	307.57	-694.29	493.51
Depreciation & Amortization	50.95	57.37	57.02	59.4	44.27
Other Amortization	50.9	50.7	34.3	37.3	30
Asset Writedown & Restructuring Costs	101.7	-	68.09	1,045	-
Stock-Based Compensation	244.75	282.85	284.56	230.89	139.91
Provision & Write-off of Bad Debts	9.01	11.95	19.63	12.46	16.03
Other Operating Activities	73.83	-33.41	-41.96	-47.64	-96.05
Change in Accounts Receivable	-10.03	3.57	-16.07	-14.06	-19.26
Change in Accounts Payable	2.5	-3.51	2.58	0.53	-14.17
Change in Unearned Revenue	6.98	4.95	0.46	1.91	1.44
Change in Other Net Operating Assets	-0.13	74.72	-10.68	52.09	55.87
Operating Cash Flow	693.41	752.47	705.51	683.61	651.55
Operating Cash Flow Growth	-7.85%	6.66%	3.20%	4.92%	-4.04%
Capital Expenditures	-15.39	-14.21	-12.95	-10.24	-11.25
Cash Acquisitions	-	-	-	-	-1,700
Divestitures	100.49	-	-	-	-
Sale (Purchase) of Intangibles	-39.28	-29.29	-26.96	-26.96	-18.86
Investment in Securities	-13.74	-9.6	-33.4	7.18	172.11
Investing Cash Flow	32.08	-53.1	-73.31	-30.02	-1,558
Long-Term Debt Issued	700	-	-	-	1,000
Long-Term Debt Repaid	-6.16	-6.09	-6.28	-6.31	-52.76
Net Debt Issued (Repaid)	693.84	-6.09	-6.28	-6.31	947.24
Issuance of Common Stock	17.67	3.91	14.23	15.02	22.71
Repurchase of Common Stock	-852.12	-785.49	-660.41	-504.89	-420.94
Other Financing Activities	-29.26	0.5	-4.07	-10.31	-96.25
Financing Cash Flow	-169.88	-787.17	-656.53	-506.48	452.75
Foreign Exchange Rate Adjustments	37.56	-15.35	12.03	-6.02	-10.23
Net Cash Flow	593.18	-103.15	-12.3	141.08	-463.9
Free Cash Flow	678.03	738.26	692.56	673.38	640.3
Free Cash Flow Growth	-8.16%	6.60%	2.85%	5.17%	-5.37%
Free Cash Flow Margin	23.51%	26.29%	25.20%	26.24%	27.49%
Free Cash Flow Per Share	5.46	5.61	4.94	5.31	4.37
Cash Interest Paid	12.24	9.05	9.32	9.53	6.05
Cash Income Tax Paid	-	-	-	41.68	94.16
Levered Free Cash Flow	517.3	662.33	560.28	551.55	528.13
Unlevered Free Cash Flow	528.86	670.96	569.06	560.41	534.31
Change in Working Capital	-0.69	79.72	-23.7	40.47	23.88

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

SEC Filings: 10-K · 10-Q