Etsy ETSY
NYSE ETSY
$82.04 +0.71 (+0.87%)
As of: Sep 1, 2026 · 2:51 PM EDT

Etsy (ETSY) Operating Expenses (2014 - 2026)

Etsy's (ETSY) quarterly Operating Expenses came in at $335.8 million in Q1 2026, down 25.1% YoY from $448.3 million in Q1 2025, and down 34.77% on a QoQ basis from $514.7 million in Q4 2025.

Analysis

Etsy (ETSY) Operating Expenses (2014 - 2026) Analysis & Trends

Etsy (ETSY) has 13 years of Operating Expenses data on file, last reported at $335.8 million in Q1 2026.

  • Quarterly Operating Expenses fell 25.1% year-over-year to $335.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.7 billion (down 3.35% YoY) and the FY2025 annual result came in at $1.8 billion, up 8.82% from the prior year.
  • Operating Expenses fell to $335.8 million in Q1 2026, from $514.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.4 billion in Q3 2022 to a low of $322.0 million in Q1 2022.
  • A 5-year average of $463.3 million and a median of $400.7 million in 2025 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses jumped 366.01% — and 2023, when it tumbled 73.89%.
  • Tracing ETSY's Operating Expenses over 5 years: 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.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Amazon Com 2,735.27 Bn 2,612.28 Bn 198.88 Bn 330.81 Bn
2 PDD Holdings 116.19 Bn -48,010.22 Bn 9.45 Bn -5.39 Bn
3 DoorDash 98.67 Bn 93.32 Bn 2.35 Bn 4.30 Bn
4 Mercadolibre 98.66 Bn 83.46 Bn 4.16 Bn 3.48 Bn
5 Sea 67.43 Bn 59.03 Bn 3.55 Bn -2.90 Bn
6 Ebay 46.79 Bn 43.48 Bn 2.30 Bn 1.63 Bn
7 JD.com 39.63 Bn 7.08 Bn 16.50 Bn -3.06 Bn
8 Coupang 28.43 Bn 22.32 Bn 2.49 Bn 9.41 Bn
9 Wayfair 12.38 Bn 11.24 Bn 1.05 Bn 950.00 Mn
10 Etsy 7.73 Bn 6.61 Bn 484.05 Mn 358.78 Mn
Historic Data

Historic Data

Download Data
DateValue
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