SuperworthEtsy profit margin ETSY
Gross, operating and net profit as a share of revenue over the last twelve months, from 2014.
- Net margin, 12 months
- 7.3%
- Operating margin, 12 months
- 16.0%
- Net margin on a year earlier
- +1.4 pts
- Peer median
- 14.0%
Over the twelve months to Jun 30, 2026, Etsy kept 7.3% of its revenue as net profit, with an operating margin of 16.0% and a gross margin of 72.3%.
Five years earlier its net margin was 22.5%.
The median for 10 credit services stocks of a similar size is 14.0%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 5.8% | 10.8% | 72.6% |
| FY2024 | 10.8% | 13.5% | 72.4% |
| FY2023 | 11.2% | 10.2% | 69.8% |
| FY2022 | −27.1% | −25.7% | 71.0% |
| FY2021 | 21.2% | 20.0% | 71.9% |
| FY2020 | 20.2% | 24.6% | 73.1% |
| FY2019 | 11.7% | 10.8% | 66.9% |
| FY2018 | 12.8% | 12.4% | 68.4% |
| FY2017 | 18.5% | 2.7% | 65.8% |
| FY2016 | −8.2% | 4.8% | 66.2% |
| FY2015 | −19.8% | −0.7% | 64.5% |
| FY2014 | −7.8% | −3.2% | 62.4% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 7.3% | +1.4 pts | 16.0% | |
| Q1 FY26 | 10.1% | +3.3 pts | 15.1% | |
| Q4 FY25 | 5.8% | −5.0 pts | 10.8% | |
| Q3 FY25 | 6.6% | −2.6 pts | 11.8% | |
| Q2 FY25 | 6.0% | −4.4 pts | 12.1% | |
| Q1 FY25 | 6.8% | −4.0 pts | 11.1% | |
| Q4 FY24 | 10.8% | −0.4 pts | 13.5% | |
| Q3 FY24 | 9.2% | −3.1 pts | 12.2% | |
| Q2 FY24 | 10.4% | +37.2 pts | 12.3% | |
| Q1 FY24 | 10.8% | +37.6 pts | 9.8% | |
| Q4 FY23 | 11.2% | +38.2 pts | 10.2% | |
| Q3 FY23 | 12.3% | +38.2 pts | 11.2% |
Against its peers
Companies in Financial - Credit Services nearest Etsy's size, closest first, today.
| Company | Profit margin |
|---|---|
| ETSYEtsy | 7.3% |
| ZGZillow | 2.0% |
| HQYHealthequity | 17.4% |
| WEXWEX | 12.6% |
| EXLSExlService | 11.2% |
| OMFOneMain | 15.4% |
| CACCCredit Acceptance | 21.5% |
| AMTMAmentum | 1.4% |
| RELYRemitly Global | 16.9% |
| FIGRFigure Technology Solutions | 33.5% |
| CARTMaplebear | 12.0% |
| Peer median | 14.0% |
Where Etsy ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Etsy
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.