Etsy (ETSY) Operating Expenses (2014 - 2026)

Etsy has reported Operating Expenses for 13 years, with the latest figure at $335.8 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 25.1% year-over-year to $335.8 million; the trailing twelve-month figure through Mar 2026 stood at $1.7 billion (down 3.35% YoY), and the FY2025 full-year result was $1.8 billion, up 8.82% from the prior year.
• Operating Expenses for Q1 2026 stood at $335.8 million, down from $514.7 million in the prior quarter.
• The five-year high for Operating Expenses was $1.4 billion in Q3 2022, with the low at $322.0 million in Q1 2022.
• Historically, Operating Expenses has averaged $463.3 million across 5 years, with a median of $400.7 million in 2025.
• Annual changes were most pronounced in 2022 — Operating Expenses jumped 366.01% — and 2023, when it tumbled 73.89%.
• Etsy's Operating Expenses stood at $442.1 million in 2022, then rose by 6.56% to $471.1 million in 2023, then rose by 1.75% to $479.3 million in 2024, then rose by 7.38% to $514.7 million in 2025, then sank by 34.77% to $335.8 million in 2026.
• The last three Operating Expenses figures came in at $335.8 million (Q1 2026), $514.7 million (Q4 2025), and $400.7 million (Q3 2025), per Business Quant data.