Growth Metrics

Etsy (ETSY) Gross Margin (2020 - 2025)

Etsy (ETSY) has disclosed Gross Margin for 13 consecutive years, with 72.17% as the latest value for Q1 2026.

  • For Q1 2026, Gross Margin fell 42.0% year-over-year to 72.17%; the TTM value through Mar 2026 reached 72.01%, down 77.0%, while the annual FY2025 figure was 71.64%, 78.0% down from the prior year.
  • Gross Margin hit 72.17% in Q1 2026 for Etsy, down from 73.06% in the prior quarter.
  • Across five years, Gross Margin topped out at 74.45% in Q4 2024 and bottomed at 69.5% in Q1 2023.
  • Average Gross Margin over 5 years is 71.32%, with a median of 71.23% recorded in 2025.
  • Year-over-year, Gross Margin tumbled -131264bps in 2022 and then surged 482bps in 2024.
  • Etsy's Gross Margin stood at 72.03% in 2022, then dropped by -3bps to 69.64% in 2023, then increased by 7bps to 74.45% in 2024, then fell by -2bps to 73.06% in 2025, then dropped by -1bps to 72.17% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods came in at 72.17%, 73.06%, and 71.29% for Q1 2026, Q4 2025, and Q3 2025 respectively.