Etsy (ETSY) FCF Margin (2014 - 2026)
Etsy's FCF Margin was 24.64% in Q2 2026, up 6.81 percentage points from 17.83% a year earlier and up 8.63 percentage points from the prior quarter.
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Analysis
Etsy (ETSY) FCF Margin (2014 - 2026) Analysis & Trends
On a trailing twelve-month basis, Etsy's FCF Margin was 27.46% through Jun 30, 2026, up 2.68 percentage points year-over-year; for FY2025, it was 23.51%, down 2.77 percentage points from FY2024.
- FCF Margin shows a five-year change of -15.75 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 26.29% in FY2024 (+1.09 pp), 25.20% in FY2023 (-1.04 pp), 26.24% in FY2022 (-1.25 pp) and 27.49% in FY2021 (-11.77 pp).
- Quarterly FCF Margin has moved between 7.61% (Q1 2025) and 39.73% (Q4 2021) over five years.
- Compared with a year earlier, FCF Margin was higher in three of the last eight quarters, with an average year-over-year change of +0.66 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q3 2022 (a gain of 17.93 percentage points); the worst was Q3 2021 (a drop of 24.62 percentage points).
- Per Business Quant data, ETSY's FCF Margin in the three quarters before Q2 2026 was 16.01% (Q1 2026), 35.83% (Q4 2025) and 30.01% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | -4.89% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 2.87% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 12.14% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 33.57% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 18.25% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 19.67% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 49.55% |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 22.77% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 17.50% |
| 10 | Etsy | 8.03 Bn | 2.39 Bn | 484.05 Mn | 24.64% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.64% |
| Mar 31, 2026 | 16.01% |
| Dec 31, 2025 | 35.83% |
| Sep 30, 2025 | 30.01% |
| Jun 30, 2025 | 17.83% |
| Mar 31, 2025 | 7.61% |
| Dec 31, 2024 | 36.49% |
| Sep 30, 2024 | 32.18% |
| Jun 30, 2024 | 22.76% |
| Mar 31, 2024 | 10.34% |
| Dec 31, 2023 | 34.42% |
| Sep 30, 2023 | 33.73% |
| Jun 30, 2023 | 21.41% |
| Mar 31, 2023 | 8.33% |
| Dec 31, 2022 | 35.91% |
| Sep 30, 2022 | 34.29% |
| Jun 30, 2022 | 21.08% |
| Mar 31, 2022 | 9.72% |
| Dec 31, 2021 | 39.73% |
| Sep 30, 2021 | 16.36% |
API Access
Etsy FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=ETSY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "ETSY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=ETSY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();