Etsy (ETSY) Net Margin (2014 - 2026)
Etsy's (ETSY) quarterly Net Margin came in at 6.98% in Q2 2026, down 1141.0% on a YoY basis from 0.67% in Q2 2025, and down 164.0% quarter-over-quarter from 10.91% in Q1 2026.
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Etsy (ETSY) Net Margin (2014 - 2026) Analysis & Trends
Etsy (ETSY) has reported Net Margin for 13 consecutive years, with 6.98% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 1141.0% year-over-year to 6.98%; the trailing twelve-month figure through Jun 2026 stood at 7.29% (up 144.0% YoY), and the FY2025 full-year result was 5.65%, down 515.0% from the prior year.
- Net Margin retreated to 6.98% in Q2 2026 per ETSY's latest filing, from 10.91% in the prior quarter.
- Across five years, Net Margin topped out at 15.24% in Q4 2024 and bottomed at 162.0% in Q3 2022.
- Historically, Net Margin has averaged 0.6% across 5 years, with a median of 10.4% in 2023.
- The sharpest annual moves came in 2022 and 2023: Net Margin sank 42677 bps in 2022, then soared 17581 bps in 2023.
- Over 5 years, Net Margin stood at 13.57% in 2022, then slipped by 27 bps to 9.89% in 2023, then soared by 54 bps to 15.24% in 2024, then fell by 18 bps to 12.56% in 2025, then tumbled by 156 bps to 6.98% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 6.98%, 10.91%, and 12.56% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | 3.92% |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 26.52% |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | 24.19% |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 22.62% |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 4.58% |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 17.55% |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 20.28% |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 10.45% |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | - |
| 10 | Etsy | 6.70 Bn | 5.58 Bn | 484.05 Mn | -6.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.98% |
| Mar 31, 2026 | 10.91% |
| Dec 31, 2025 | 12.56% |
| Sep 30, 2025 | 11.14% |
| Jun 30, 2025 | 4.43% |
| Mar 31, 2025 | -8.79% |
| Dec 31, 2024 | 15.24% |
| Sep 30, 2024 | 8.66% |
| Jun 30, 2024 | 8.18% |
| Mar 31, 2024 | 9.75% |
| Dec 31, 2023 | 9.89% |
| Sep 30, 2023 | 13.81% |
| Jun 30, 2023 | 9.85% |
| Mar 31, 2023 | 11.63% |
| Dec 31, 2022 | 13.57% |
| Sep 30, 2022 | -162.00% |
| Jun 30, 2022 | 12.50% |
| Mar 31, 2022 | 14.87% |
| Dec 31, 2021 | 440.34% |
| Sep 30, 2021 | 16.89% |
API Access
Etsy Net 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=net-margin&ticker=ETSY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=ETSY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();