Etsy (ETSY) Gross Margin (2014 - 2026)
Etsy's (ETSY) quarterly Gross Margin came in at 72.17% in Q1 2026, down 42.0% YoY from 124.43% in Q1 2025, and down 1.21% on a QoQ basis from 73.06% in Q4 2025.
Etsy (ETSY) Gross Margin (2014 - 2026) Analysis & Trends
Etsy (ETSY) has 13 years of Gross Margin data on file, last reported at 72.17% in Q1 2026.
- Quarterly Gross Margin fell 42.0% year-over-year to 72.17% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 72.01% (down 77.0% YoY) and the FY2025 annual result came in at 71.64%, down 78.0% from the prior year.
- Gross Margin fell to 72.17% in Q1 2026, from 73.06% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 74.45% in Q4 2024 to a low of 69.5% in Q1 2023.
- A 5-year average of 71.32% and a median of 71.23% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin tumbled 131264 bps — and 2024, when it jumped 482 bps.
- Tracing ETSY's Gross Margin over 5 years: stood at 72.03% in 2022, then decreased by 3 bps to 69.64% in 2023, then rose by 7 bps to 74.45% in 2024, then retreated by 2 bps to 73.06% in 2025, then decreased by 1 bps to 72.17% in 2026.
- The last three Gross Margin figures came in at 72.17% (Q1 2026), 73.06% (Q4 2025), and 71.29% (Q3 2025), per Business Quant data.
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