Etsy (ETSY) Net Margin (2014 - 2026)
Etsy (ETSY) reported Net Margin of 5.54% for Q1 2026, down 248.0% on a YoY basis from 3.74% in Q1 2025, and down 144.12% quarter-over-quarter from 12.56% in Q4 2025.
Etsy (ETSY) Net Margin (2014 - 2026) Analysis & Trends
Etsy has reported Net Margin for 13 years, with the latest figure at 5.54% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 248.0% year-over-year to 5.54%; the trailing twelve-month figure through Mar 2026 stood at 6.29% (down 170.0% YoY), and the FY2025 full-year result was 5.65%, down 515.0% from the prior year.
- Net Margin for Q1 2026 stood at 5.54%, down from 12.56% in the prior quarter.
- The five-year high for Net Margin was 15.24% in Q4 2024, with the low at 162.0% in Q3 2022.
- Historically, Net Margin has averaged 0.86% across 5 years, with a median of 9.89% in 2023.
- Annual changes were most pronounced in 2022 — Net Margin plunged 42677 bps — and 2023, when it surged 17581 bps.
- Etsy's Net Margin 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 | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 16.68% |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 4.71% |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 4.53% |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 19.81% |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | - |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | -3.13% |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | -0.43% |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -3.58% |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 14.13% |
| 10 | Etsy | 6.99 Bn | 5.56 Bn | 455.60 Mn | -5.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5.54% |
| Dec 31, 2025 | 12.56% |
| Sep 30, 2025 | 11.14% |
| Jun 30, 2025 | 4.29% |
| Mar 31, 2025 | -3.06% |
| 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% |
| Jun 30, 2021 | 18.58% |