Etsy (ETSY) Cost of Revenue (2014 - 2026)
Etsy's (ETSY) quarterly Cost of Revenue came in at $175.7 million in Q1 2026, up 4.69% YoY from $167.8 million in Q1 2025, and down 26.04% on a QoQ basis from $237.5 million in Q4 2025.
Etsy (ETSY) Cost of Revenue (2014 - 2026) Analysis & Trends
Etsy (ETSY) has 13 years of Cost of Revenue data on file, last reported at $175.7 million in Q1 2026.
- Quarterly Cost of Revenue rose 4.69% year-over-year to $175.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $801.4 million (up 6.12% YoY) and the FY2025 annual result came in at $817.8 million, up 5.58% from the prior year.
- Cost of Revenue fell to $175.7 million in Q1 2026, from $237.5 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $255.8 million in Q4 2023 to a low of $167.8 million in Q1 2025.
- A 5-year average of $195.1 million and a median of $188.6 million in 2023 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue rose 21.05% — and 2024, when it retreated 14.88%.
- Tracing ETSY's Cost of Revenue over 5 years: stood at $225.8 million in 2022, then grew by 13.28% to $255.8 million in 2023, then declined by 14.88% to $217.7 million in 2024, then gained by 9.12% to $237.5 million in 2025, then retreated by 26.04% to $175.7 million in 2026.
- The last three Cost of Revenue figures came in at $175.7 million (Q1 2026), $237.5 million (Q4 2025), and $194.6 million (Q3 2025), per Business Quant data.
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