Etsy Inc (ETSY) Operating Margin (2014 - 2026)

Etsy (ETSY) has reported Operating Margin for 13 consecutive years, with 18.98% the latest figure, recorded in Q1 2026.

• Operating Margin for Q1 2026 came in at 18.98%, up 1962.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 14.26% (up 315.0% YoY), and the FY2025 annual result was 9.23%, down 431.0% from the prior year.
• Operating Margin was 18.98% for Q1 2026 at Etsy, up from 14.68% in the prior quarter.
• Over five years, Operating Margin peaked at 18.98% in Q1 2026 and troughed at 160.61% in Q3 2022.
• Average Operating Margin over 5 years is 1.9%, with a median of 12.4% recorded in 2022.
• Year-over-year, Operating Margin sank 37034 bps in 2022 and soared 17453 bps in 2023.
• Over 5 years, Operating Margin stood at 17.26% in 2022, then slipped by 21 bps to 13.71% in 2023, then surged by 33 bps to 18.2% in 2024, then retreated by 19 bps to 14.68% in 2025, then rose by 29 bps to 18.98% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 18.98% in Q1 2026, 14.68% in Q4 2025, and 12.2% in Q3 2025.