Etsy (ETSY) Operating Expenses (2014 - 2026)
Etsy's (ETSY) quarterly Operating Expenses came in at $358.8 million in Q2 2026, down 2.08% on a YoY basis from $366.4 million in Q2 2025, and up 6.86% quarter-over-quarter from $335.8 million in Q1 2026.
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Analysis
Etsy (ETSY) Operating Expenses (2014 - 2026) Analysis & Trends
Etsy (ETSY) has reported Operating Expenses for 13 consecutive years, with $358.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 2.08% year-over-year to $358.8 million; the trailing twelve-month figure through Jun 2026 stood at $1.6 billion (down 4.4% YoY), and the FY2025 full-year result was $1.8 billion, up 8.82% from the prior year.
- Operating Expenses advanced to $358.8 million in Q2 2026 per ETSY's latest filing, from $335.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $1.4 billion in Q3 2022 and bottomed at $322.0 million in Q1 2022.
- Historically, Operating Expenses has averaged $455.4 million across 5 years, with a median of $392.1 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 366.01% in 2022, then plunged 73.89% in 2023.
- Over 5 years, Operating Expenses stood at $442.1 million in 2022, then advanced by 6.56% to $471.1 million in 2023, then advanced by 1.75% to $479.3 million in 2024, then advanced by 7.38% to $514.7 million in 2025, then sank by 30.29% to $358.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $358.8 million, $335.8 million, and $514.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | -8.86 Bn |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 4.85 Bn |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | -5.39 Bn |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 2.85 Bn |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 3.48 Bn |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 1.63 Bn |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 2.55 Bn |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 608.00 Mn |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | -279.73 Mn |
| 10 | Etsy | 6.70 Bn | 5.58 Bn | 484.05 Mn | 358.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 358.78 Mn |
| Mar 31, 2026 | 335.75 Mn |
| Dec 31, 2025 | 514.69 Mn |
| Sep 30, 2025 | 400.67 Mn |
| Jun 30, 2025 | 366.41 Mn |
| Mar 31, 2025 | 448.28 Mn |
| Dec 31, 2024 | 479.34 Mn |
| Sep 30, 2024 | 389.95 Mn |
| Jun 30, 2024 | 393.55 Mn |
| Mar 31, 2024 | 390.73 Mn |
| Dec 31, 2023 | 471.11 Mn |
| Sep 30, 2023 | 358.92 Mn |
| Jun 30, 2023 | 442.61 Mn |
| Mar 31, 2023 | 367.23 Mn |
| Dec 31, 2022 | 442.12 Mn |
| Sep 30, 2022 | 1.37 Bn |
| Jun 30, 2022 | 341.15 Mn |
| Mar 31, 2022 | 321.96 Mn |
| Dec 31, 2021 | 365.92 Mn |
| Sep 30, 2021 | 295.03 Mn |
API Access
Etsy Operating Expenses 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=operating-expenses&ticker=ETSY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=ETSY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();