Etsy (ETSY) Research & Development (2014 - 2026)
Etsy's (ETSY) quarterly Research & Development came in at $99.1 million in Q1 2026, down 42.36% YoY from $171.9 million in Q1 2025, and down 67.62% on a QoQ basis from $305.9 million in Q4 2025.
Etsy (ETSY) Research & Development (2014 - 2026) Analysis & Trends
Etsy (ETSY) has 13 years of Research & Development data on file, last reported at $99.1 million in Q1 2026.
- Quarterly Research & Development fell 42.36% year-over-year to $99.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $724.6 million (up 117.07% YoY) and the FY2025 annual result came in at $914.8 million, up 106.48% from the prior year.
- Research & Development declined to $99.1 million in Q1 2026, from $305.9 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $305.9 million in Q4 2025 to a low of -$128.3 million in Q4 2024.
- A 5-year average of $124.8 million and a median of $115.9 million in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2024 — Research & Development tumbled 345.82% — and 2025, when it soared 338.32%.
- Tracing ETSY's Research & Development over 5 years: stood at $112.8 million in 2022, then slumped by 125.52% to -$28.8 million in 2023, then plunged by 345.82% to -$128.3 million in 2024, then jumped by 338.32% to $305.9 million in 2025, then slumped by 67.62% to $99.1 million in 2026.
- The last three Research & Development figures came in at $99.1 million (Q1 2026), $305.9 million (Q4 2025), and $207.8 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,931.81 Bn | 2,808.82 Bn | 198.88 Bn | 62.73 Bn |
| 2 | PDD Holdings | 507.01 Bn | 447.47 Bn | 9.83 Bn | -714.26 Mn |
| 3 | Mercadolibre | 98.28 Bn | 83.09 Bn | 4.16 Bn | 1.13 Bn |
| 4 | DoorDash | 92.43 Bn | 87.08 Bn | 2.35 Bn | 821.00 Mn |
| 5 | JD.com | 87.46 Bn | 58.28 Bn | 7.66 Bn | -995.00 Mn |
| 6 | Sea | 77.90 Bn | 69.38 Bn | 3.15 Bn | -1.41 Bn |
| 7 | Ebay | 47.21 Bn | 43.91 Bn | 2.30 Bn | 697.00 Mn |
| 8 | Coupang | 29.73 Bn | 23.62 Bn | 2.49 Bn | - |
| 9 | Zkh | 16.37 Bn | 16.37 Bn | 51.11 Mn | -4.25 Mn |
| 10 | Etsy | 7.52 Bn | 6.39 Bn | 484.05 Mn | 190.93 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 190.93 Mn |
| Mar 31, 2026 | 99.05 Mn |
| Dec 31, 2025 | 305.88 Mn |
| Sep 30, 2025 | 207.84 Mn |
| Jun 30, 2025 | 111.86 Mn |
| Mar 31, 2025 | 171.86 Mn |
| Dec 31, 2024 | -128.34 Mn |
| Sep 30, 2024 | 107.25 Mn |
| Jun 30, 2024 | 183.06 Mn |
| Mar 31, 2024 | 109.85 Mn |
| Dec 31, 2023 | -28.79 Mn |
| Sep 30, 2023 | 160.94 Mn |
| Jun 30, 2023 | 165.87 Mn |
| Mar 31, 2023 | 115.92 Mn |
| Dec 31, 2022 | 112.79 Mn |
| Sep 30, 2022 | 108.04 Mn |
| Jun 30, 2022 | 164.07 Mn |
| Mar 31, 2022 | 154.28 Mn |
| Dec 31, 2021 | 465.82 Mn |
| Sep 30, 2021 | 73.52 Mn |