Etsy (ETSY) Research & Development (2014 - 2026)
Etsy's Research & Development came in at $100.92 million for Q2 2026, up 1.6% from $99.33 million a year earlier and up 1.9% from the prior quarter.
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Analysis
Etsy (ETSY) Research & Development (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Etsy reported Research & Development of $427.79 million, up 2.1% year-over-year; for FY2025, it came in at $450.19 million, up 1.6% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 20.1% (FY2020 to FY2025).
- Going back by year, Research & Development was $443.06 million in FY2024 (-5.6%), $469.33 million in FY2023 (+13.8%), $412.4 million in FY2022 (+51.9%) and $271.54 million in FY2021 (+50.8%).
- The five-year range for quarterly Research & Development is $73.52 million (Q3 2021) to $121.99 million (Q2 2023).
- Year-over-year, Research & Development increased in three of the last eight quarters, with an average decline of 3.0%.
- The fastest year-over-year change in Research & Development over five years came in Q1 2022 (growth of 66.6%), and the weakest in Q2 2025 (a decline of 13.2%).
- Business Quant data shows ETSY's Research & Development at $99.05 million (Q1 2026), $114.44 million (Q4 2025) and $113.38 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 1.01 Bn |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | -3.32 Bn |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 445.00 Mn |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 1.04 Bn |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | - |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | -673.00 Mn |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 468.43 Mn |
| 10 | Etsy | 8.03 Bn | 2.39 Bn | 484.05 Mn | 100.92 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 100.92 Mn |
| Mar 31, 2026 | 99.05 Mn |
| Dec 31, 2025 | 114.44 Mn |
| Sep 30, 2025 | 113.38 Mn |
| Jun 30, 2025 | 99.33 Mn |
| Mar 31, 2025 | 100.81 Mn |
| Dec 31, 2024 | 111.47 Mn |
| Sep 30, 2024 | 107.25 Mn |
| Jun 30, 2024 | 114.49 Mn |
| Mar 31, 2024 | 109.85 Mn |
| Dec 31, 2023 | 117.49 Mn |
| Sep 30, 2023 | 113.93 Mn |
| Jun 30, 2023 | 121.99 Mn |
| Mar 31, 2023 | 115.92 Mn |
| Dec 31, 2022 | 112.79 Mn |
| Sep 30, 2022 | 108.04 Mn |
| Jun 30, 2022 | 102.10 Mn |
| Mar 31, 2022 | 89.48 Mn |
| Dec 31, 2021 | 82.56 Mn |
| Sep 30, 2021 | 73.52 Mn |
API Access
Etsy Research & Development 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=research-and-development&ticker=ETSY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=ETSY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();