Etsy (ETSY) FCF Margin (2014 - 2026)
Etsy (ETSY) reported FCF Margin of 14.92% for Q1 2026, up 741.0% on a YoY basis from 1.77% in Q1 2025, and down 54.96% quarter-over-quarter from 33.12% in Q4 2025.
Etsy (ETSY) FCF Margin (2014 - 2026) Analysis & Trends
Etsy has reported FCF Margin for 13 years, with the latest figure at 14.92% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 741.0% year-over-year to 14.92%; the trailing twelve-month figure through Mar 2026 stood at 24.53% (down 97.0% YoY), and the FY2025 full-year result was 22.69%, down 307.0% from the prior year.
- FCF Margin for Q1 2026 stood at 14.92%, down from 33.12% in the prior quarter.
- The five-year high for FCF Margin was 36.21% in Q4 2024, with the low at 7.5% in Q1 2025.
- Historically, FCF Margin has averaged 23.38% across 5 years, with a median of 23.56% in 2024.
- The largest YoY upside for FCF Margin was 1652 bps in 2022 against a maximum downside of 74074 bps in 2022.
- Etsy's FCF Margin stood at 35.7% in 2022, then declined by 8 bps to 32.75% in 2023, then increased by 11 bps to 36.21% in 2024, then slipped by 9 bps to 33.12% in 2025, then slumped by 55 bps to 14.92% in 2026.
- The last three FCF Margin figures came in at 14.92% (Q1 2026), 33.12% (Q4 2025), and 33.38% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | -10.01% |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 20.40% |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 11.82% |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 19.47% |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 29.07% |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | -1.32% |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | - |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -1.98% |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 24.73% |
| 10 | Etsy | 6.99 Bn | 5.56 Bn | 455.60 Mn | 14.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.92% |
| Dec 31, 2025 | 33.12% |
| Sep 30, 2025 | 33.38% |
| Jun 30, 2025 | 13.37% |
| Mar 31, 2025 | 7.50% |
| Dec 31, 2024 | 36.21% |
| Sep 30, 2024 | 30.26% |
| Jun 30, 2024 | 23.56% |
| Mar 31, 2024 | 9.53% |
| Dec 31, 2023 | 32.75% |
| Sep 30, 2023 | 33.73% |
| Jun 30, 2023 | 22.00% |
| Mar 31, 2023 | 7.75% |
| Dec 31, 2022 | 35.70% |
| Sep 30, 2022 | 33.85% |
| Jun 30, 2022 | 20.54% |
| Mar 31, 2022 | 9.24% |
| Dec 31, 2021 | 776.43% |
| Sep 30, 2021 | 17.33% |
| Jun 30, 2021 | 22.28% |