Etsy, Inc. (ETSY) AI Stock Analysis

Etsy, Inc. operates online marketplaces that facilitate transactions between buyers and sellers globally, with a strong presence in the United States, United Kingdom, Germany, Canada, Australia, France, and India. Its flagship marketplace, Etsy.com, connects artisans, crafters, and entrepreneurs with consumers. The company also oversees specialized platforms including Reverb for musical instruments, Depop for fashion resale, and Elo7 for handmade items in Brazil. Beyond marketplaces, Etsy provides seller services such as Etsy Payments, Etsy Ads, and discounted Shipping Labels. Sellers utilize operational resources including the Shop Manager dashboard, the Sell on Etsy mobile app, and the Star Seller program.

Etsy generated a 5-year revenue CAGR of 10.8% from FY2020 to FY2025. Annual revenue expanded from $2.33B in FY2021 to $2.57B in FY2022, $2.75B in FY2023, $2.81B in FY2024, and $2.88B in FY2025. Gross margin was 71.6% in FY2025 compared to 71.9% in FY2021. Net income moved from $493.5M in FY2021 to -$694.3M in FY2022, before reaching $307.6M in FY2023, $303.3M in FY2024, and $163.0M in FY2025. For the latest quarter ended June 30, 2026, quarterly revenue grew 6.2% year-over-year, while quarterly earnings declined 7.1%.

As of June 30, 2026, Etsy held $1.12B in cash and short-term investments against total debt of $3.08B, resulting in net debt of $1.95B. Total assets stood at $2.44B and shareholders' equity was -$1.40B, while the current ratio was 1.48. In FY2025, operating cash flow reached $693.4M and free cash flow was $638.8M. Cash deployment that year included $54.7M in capital expenditures and $776.9M in share buybacks, which contributed to an 18.7% reduction in share count over 5 years.

At a market capitalization of $7.81B and an enterprise value of $8.72B, Etsy trades at a trailing P/E of 24.9x and a forward P/E of 14.9x. These compare to the median of its US-listed Consumer Cyclical peers of 18.0x trailing P/E and 14.1x forward P/E. Etsy's price-to-sales ratio is 2.7x versus the peer median of 0.7x, and its EV-to-EBITDA is 15.0x versus the peer median of 11.1x. Over the past year, Etsy returned 19.2% compared to 16.8% for the S&P 500 (SPY), while its 5-year return of -61.5% lagged the index return of 83.0%.

Consensus ratings from Wall Street analysts include 8 Strong Buy, 3 Buy, 18 Hold, 0 Sell, and 1 Strong Sell. The mean price target is $87.70, representing a 3.0% premium over the last close of $85.14. For the current fiscal year ending December 31, 2026, analysts estimate revenue of $2.85B and EPS of $3.39, reflecting 143.5% EPS growth. Across 27 analysts, next fiscal year estimates project revenue of $2.98B and EPS of $4.54. Etsy beat EPS expectations in 3 of the last 4 quarters, and its next earnings date is October 28, 2026.

This page is an AI-written research summary of Etsy, Inc. (ETSY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: ETSY income statement, ETSY balance sheet, ETSY key metrics, ETSY analyst forecast, ETSY chart. See the ETSY stock overview for the latest quote and news.