Etsy (ETSY) Invested Capital (2014 - 2026)
Etsy's (ETSY) quarterly Invested Capital came in at $2.2 billion in Q2 2026, up 20.79% on a YoY basis from $1.9 billion in Q2 2025, and down 10.27% quarter-over-quarter from $2.5 billion in Q1 2026.
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Analysis
Etsy (ETSY) Invested Capital (2014 - 2026) Analysis & Trends
Etsy (ETSY) has reported Invested Capital for 13 consecutive years, with $2.2 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Invested Capital rose 20.79% year-over-year to $2.2 billion; the trailing twelve-month figure through Jun 2026 stood at $2.2 billion (up 20.79% YoY), and the FY2025 full-year result was $2.5 billion, up 65.65% from the prior year.
- Invested Capital eased to $2.2 billion in Q2 2026 per ETSY's latest filing, from $2.5 billion in the prior quarter.
- Across five years, Invested Capital topped out at $3.0 billion in Q1 2022 and bottomed at $1.4 billion in Q1 2025.
- Historically, Invested Capital has averaged $1.9 billion across 5 years, with a median of $1.7 billion in 2023.
- The sharpest annual moves came in 2023 and 2026: Invested Capital tumbled 41.07% in 2023, then jumped 81.04% in 2026.
- Over 5 years, Invested Capital stood at $1.7 billion in 2022, then gained by 0.45% to $1.7 billion in 2023, then slipped by 12.12% to $1.5 billion in 2024, then surged by 65.65% to $2.5 billion in 2025, then declined by 11.57% to $2.2 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $2.2 billion, $2.5 billion, and $2.5 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | 175.19 Bn |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 9.40 Bn |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | 65.95 Bn |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 10.28 Bn |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 18.46 Bn |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 11.40 Bn |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 7.93 Bn |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | - |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | - |
| 10 | Etsy | 6.70 Bn | 5.58 Bn | 484.05 Mn | 2.24 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.24 Bn |
| Mar 31, 2026 | 2.50 Bn |
| Dec 31, 2025 | 2.53 Bn |
| Sep 30, 2025 | 1.87 Bn |
| Jun 30, 2025 | 1.85 Bn |
| Mar 31, 2025 | 1.38 Bn |
| Dec 31, 2024 | 1.53 Bn |
| Sep 30, 2024 | 1.66 Bn |
| Jun 30, 2024 | 1.65 Bn |
| Mar 31, 2024 | 1.70 Bn |
| Dec 31, 2023 | 1.74 Bn |
| Sep 30, 2023 | 1.66 Bn |
| Jun 30, 2023 | 1.82 Bn |
| Mar 31, 2023 | 1.74 Bn |
| Dec 31, 2022 | 1.73 Bn |
| Sep 30, 2022 | 1.67 Bn |
| Jun 30, 2022 | 2.86 Bn |
| Mar 31, 2022 | 2.95 Bn |
| Dec 31, 2021 | 2.90 Bn |
| Sep 30, 2021 | 2.81 Bn |
API Access
Etsy Invested Capital 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=invested-capital&ticker=ETSY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=ETSY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();