Etsy (ETSY) Net Margin (2014 - 2026)
Etsy's (ETSY) quarterly Net Margin came in at 5.54% in Q1 2026, down 276.0% YoY from 3.15% in Q1 2025, and down 144.12% on a QoQ basis from 12.56% in Q4 2025.
Etsy (ETSY) Net Margin (2014 - 2026) Analysis & Trends
Etsy (ETSY) has 13 years of Net Margin data on file, last reported at 5.54% in Q1 2026.
- Quarterly Net Margin fell 276.0% year-over-year to 5.54% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 6.29% (down 176.0% YoY) and the FY2025 annual result came in at 5.65%, down 515.0% from the prior year.
- Net Margin declined to 5.54% in Q1 2026, from 12.56% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 15.24% in Q4 2024 to a low of 162.0% in Q3 2022.
- A 5-year average of 0.85% and a median of 9.89% in 2023 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin plunged 42677 bps — and 2023, when it surged 17581 bps.
- Tracing ETSY's Net Margin over 5 years: stood at 13.57% in 2022, then retreated by 27 bps to 9.89% in 2023, then jumped by 54 bps to 15.24% in 2024, then dropped by 18 bps to 12.56% in 2025, then sank by 144 bps to 5.54% in 2026.
- The last three Net Margin figures came in at 5.54% (Q1 2026), 12.56% (Q4 2025), and 11.14% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,931.64 Bn | 2,808.66 Bn | 198.88 Bn | 24.31% |
| 2 | PDD Holdings | 506.17 Bn | 446.63 Bn | 9.83 Bn | 19.81% |
| 3 | Mercadolibre | 98.29 Bn | 83.09 Bn | 4.16 Bn | 4.58% |
| 4 | DoorDash | 92.11 Bn | 86.76 Bn | 2.35 Bn | 4.47% |
| 5 | JD.com | 87.50 Bn | 58.32 Bn | 7.66 Bn | 1.62% |
| 6 | Sea | 78.22 Bn | 69.70 Bn | 3.15 Bn | 12.24% |
| 7 | Ebay | 47.18 Bn | 43.87 Bn | 2.30 Bn | -0.06% |
| 8 | Coupang | 29.74 Bn | 23.63 Bn | 2.49 Bn | -6.44% |
| 9 | Zkh | 16.36 Bn | 16.36 Bn | 51.11 Mn | 0.00% |
| 10 | Etsy | 7.51 Bn | 6.39 Bn | 484.05 Mn | -24.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -24.09% |
| Mar 31, 2026 | -5.54% |
| Dec 31, 2025 | 12.56% |
| Sep 30, 2025 | 11.14% |
| Jun 30, 2025 | 4.29% |
| Mar 31, 2025 | -2.78% |
| 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% |