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Companies / Industrials / ETSY INC
ETSY

ETSY INC

IndustrialsBusiness Services
Ticker ETSYBROOKLYN, NYFiscal year ends DecemberBook value per share $-11.54Diluted shares 120.9M

Etsy, Inc. (NASDAQ: ETSY) operates two-sided online marketplaces that connect millions of creative entrepreneurs with buyers around the world. The company's website is etsy.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$2.88B
+2.7% year over year
Last 12 mo $2.86B
9.23%
−4.3 percentage points
Last 12 mo 15.99%
$162.98M
−46.3% year over year
Last 12 mo $405.24M
-21.72%
+18.2 percentage points
Last 12 mo -15.00%
Cash & financing
$693.41M
−7.8% year over year
Last 12 mo $657.39M
$638.75M
−9.9% year over year
Last 12 mo $616.67M
-2.80
Was -3.15× a year earlier
Last 12 mo -2.20
124.1M
−5.8% year over year
Last 12 mo 120.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What ETSY INC does

In the company’s own words

Etsy, Inc. (NASDAQ: ETSY) operates two-sided online marketplaces that connect millions of creative entrepreneurs with buyers around the world. The company's website is etsy.com.

The company's primary marketplace, Etsy, is the global destination for unique and creative goods from independent sellers, featuring handcrafted pieces, vintage treasures, and items designed by real people. Etsy generated $10.5 billion in gross merchandise sales during 2025, representing 87.8 percent of consolidated GMS. The marketplace hosts 86.5 million active buyers and 5.6 million active sellers, with more than 100 million items available for sale across categories including home and living, jewelry and personal accessories, apparel, craft supplies, paper and party supplies, and toys and games. The Etsy app accounts for 45 percent of GMS transacted on the platform.

Etsy also operates Depop Limited, a leading fashion resale marketplace acquired in 2021. Depop generated $1.1 billion in GMS during 2025, representing 9.0 percent of consolidated revenue. The platform connects 7.0 million active buyers with 3.2 million active sellers in the secondhand fashion market, with 92 percent of transactions occurring on mobile. In February 2026, Etsy agreed to sell Depop to eBay Inc. for $1.2 billion in cash, with closing expected in the second quarter of 2026.

The company generates revenue primarily through marketplace activities including transaction fees, payments processing fees, and listing fees, as well as optional seller services such as on-site advertising and shipping labels. Consolidated gross merchandise sales totaled $11.9 billion in 2025, and the business generated $638.8 million in free cash flow.

Etsy's business model emphasizes four core drivers: innovative technology for search and discovery, disciplined marketing investments, community support systems, and talented people. The company operates with an asset-light model, holding no physical inventory. Etsy previously divested Reverb Holdings, Inc., a musical instrument marketplace, in June 2025, and sold Elo7 Serviços de Informática S.A., a Brazil-based marketplace, in August 2023.

Company details
Sector
Industrials
Industry
Business Services
Headquarters
BROOKLYN, NY
Fiscal year end
December
CIK
1370637
SIC
7389

Financial performance, year by year

Fiscal 2015–2025 · USD
$-1.05B$21.27M$1.09B$2.17B$3.24B20152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns ETSY INC — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

410
funds hold it
1 of 35
superinvestors hold it
$2.28B
held by funds, at market
34.4%
of shares held by funds
5
bond issues held by funds

Superinvestors in ETSY INC · what they did last quarter

Polen CapitalNEW
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · ETSY INC’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.39%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.08%of fund net assets
VANGUARD SMALL-CAP GROWTH INDEX FUND
VBK · VANGUARD INDEX FUNDS
0.19%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.08%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

ETSY INC’s bonds, as funds hold them

Funds report holding 5 issues of ETSY INC’s debt, $380.99M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 0.49%, maturing 2026 to 2030.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do ETSY INC and its peers compare on margins and cash generation over ten years?”
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