Etsy (ETSY) Net Margin (2014 - 2026)
Etsy (ETSY) reported Net Margin of -6.98% for Q2 2026, down 11.56 percentage points from 4.58% a year earlier and down 18.02 percentage points from the prior quarter.
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Analysis
Etsy (ETSY) Net Margin (2014 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Etsy's Net Margin came in at 7.32%, up 1.37 percentage points year-over-year; for FY2025, it was 5.65%, down 5.15 percentage points from FY2024.
- Net Margin has a five-year change of -14.59 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 10.80% in FY2024 (-0.39 pp), 11.19% in FY2023 (+38.25 pp), -27.06% in FY2022 (-48.24 pp) and 21.19% in FY2021 (+0.95 pp).
- The Q2 2026 figure ranks as the lowest quarterly Net Margin since Q1 2025.
- Year over year, Net Margin gained in three of the last eight quarters, with an average year-over-year change of -1.73 percentage points.
- The high point for year-over-year Net Margin in five years was Q3 2023 (a gain of 175.81 percentage points); the low point was Q3 2022 (a drop of 178.90 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 11.04% (Q1 2026), 12.56% (Q4 2025) and 11.14% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 93.58% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 26.07% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 27.08% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 3.92% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 41.92% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 16.87% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 26.52% |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 24.19% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 11.41% |
| 10 | Etsy | 8.03 Bn | 2.39 Bn | 484.05 Mn | -6.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.98% |
| Mar 31, 2026 | 11.04% |
| Dec 31, 2025 | 12.56% |
| Sep 30, 2025 | 11.14% |
| Jun 30, 2025 | 4.58% |
| Mar 31, 2025 | -8.51% |
| 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 | 22.53% |
| 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();