To the full analysis
Etsy stock: growth
ETSYEtsy reported $2.88B in revenue for fiscal 2025, up 2.7% on the prior year, up 10.8% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
32.5%
per year from 2012 to 2025, per share 23%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2012 | |
|---|---|---|---|
| Revenue | 10.8% | 26.6% | 32.5% |
| Revenue per share | 15.6% | 25.6% | 23.0% |
| Earnings | −14.1% | no data | no data |
| Earnings per share | −10.2% | no data | no data |
| Free cash flow | −1.0% | 48.4% | no data |
| Free cash flow per share | 3.3% | 47.3% | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2012 | $74.6M | −$2.39M | −$4.26M |
| 2013 | $125.02M | −$796K | −$530K |
| 2014 | $195.59M | −$15.24M | $2.5M |
| 2015 | $273.5M | −$54.06M | $12.32M |
| 2016 | $364.97M | −$29.9M | $214K |
| 2017 | $441.23M | $81.8M | $55.95M |
| 2018 | $603.69M | $77.49M | $178.37M |
| 2019 | $818.38M | $95.89M | $191.64M |
| 2020 | $1.73B | $349.25M | $671.85M |
| 2021 | $2.33B | $493.51M | $621.44M |
| 2022 | $2.57B | −$694.29M | $646.41M |
| 2023 | $2.75B | $307.57M | $665.61M |
| 2024 | $2.81B | $303.28M | $708.97M |
| 2025 | $2.88B | $162.98M | $638.75M |
Revenue by segment
How Etsy, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Marketplace Revenue70%
- Services Revenue30%
- Other< 1%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Marketplace Revenue | $158.2M | $179.49M | $440.74M | $593.65M | $1.3B | $1.75B | $1.91B | $2B | $2.02B | $2.01B | 69.6% |
| Services Revenue | $200.86M | $258.45M | $158.93M | $224.73M | $422.5M | $583.29M | $655.22M | $751.19M | $787.59M | $876.34M | 30.4% |
| Other | $5.91M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | 0% |
| Total revenue | $364.97M | $441.23M | $603.69M | $818.38M | $1.73B | $2.33B | $2.57B | $2.75B | $2.81B | $2.88B | 100% |
Revenue by region
Where Etsy, Inc. generates its revenue.
- United States51%
- Outside the US39%
- United Kingdom10%
Figures as a table
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|
| United States | $1.15B | $1.39B | $1.43B | $1.47B | $1.47B | $1.47B | 50.8% |
| Outside the US | $379.07M | $606.27M | $792.67M | $927.81M | $1.02B | $1.12B | 38.9% |
| United Kingdom | $195.83M | $329.2M | $343.79M | $347.89M | $320.89M | $296.16M | 10.3% |
| Total revenue | $1.73B | $2.33B | $2.57B | $2.75B | $2.81B | $2.88B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 18 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.