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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Etsy (ETSY) Operating Margin (2016 - 2025)

Etsy's Operating Margin history spans 12 years, with the latest figure at 14.68% for Q4 2025.

  • For Q4 2025, Operating Margin fell 353.0% year-over-year to 14.68%; the TTM value through Dec 2025 reached 9.23%, down 431.0%, while the annual FY2025 figure was 9.23%, 431.0% down from the prior year.
  • Operating Margin reached 14.68% in Q4 2025 per ETSY's latest filing, up from 12.2% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 387.6% in Q4 2021 to a low of 160.61% in Q3 2022.
  • Average Operating Margin over 5 years is 22.9%, with a median of 13.41% recorded in 2023.
  • Peak YoY movement for Operating Margin: skyrocketed 36147bps in 2021, then crashed -37034bps in 2022.
  • A 5-year view of Operating Margin shows it stood at 387.6% in 2021, then crashed by -96bps to 17.26% in 2022, then decreased by -21bps to 13.71% in 2023, then skyrocketed by 33bps to 18.2% in 2024, then fell by -19bps to 14.68% in 2025.
  • Per Business Quant, the three most recent readings for ETSY's Operating Margin are 14.68% (Q4 2025), 12.2% (Q3 2025), and 11.36% (Q2 2025).