ETSY ETSY INC
Price Chart
Executive Summary
Etsy reported a strong Q1 2026 beat on both EPS ($0.89 vs $0.62 consensus) and revenue ($631.3M vs $617.3M). Etsy marketplace GMS grew 5.5% YoY, and continuing operations net income swung to $104.7M from a -$35.1M loss a year ago. The company also announced the pending sale of Depop to eBay for $1.2B, expected to close by end of Q3 2026, and provided Q2 guidance with 3-5% GMS growth and 27-29% Adj. EBITDA margin.
Key Financial Metrics
Actionable Insight
This strong beat with accelerating GMS growth supports near-term bullish momentum, but the Depop sale introduces execution risk and the full-year guide remains conservative. Monitor regulatory approvals for the Depop transaction and Q2 results for confirmation of sustained growth.
Key Facts
- Q1 2026 continuing ops EPS $0.89 vs consensus $0.62 (+43.5% beat)
- Q1 2026 continuing ops revenue $631.3M vs consensus $617.3M (+2.3% beat)
- Etsy marketplace GMS grew 5.5% YoY to $2.5B, second consecutive quarter of YoY growth
- Continuing ops net income $104.7M vs -$35.1M in Q1 2025; Adjusted EBITDA $184.7M with 29.3% margin
- Depop sale to eBay for $1.2B signed Feb 15, 2026; closing expected by end of Q3 2026
- Q2 2026 guidance: GMS $2.48B-$2.53B, take rate 25.7%, Adj. EBITDA margin 27-29%
- Full-year outlook: low single-digit GMS growth, Adj. EBITDA margin 28-30% unchanged
- Etsy repurchased $145M in stock during Q1, reducing share count by 2.7M shares
Financial Impact
EPS beat of $0.27 (43.5%) and revenue beat of $14M (2.3%)
Risk Factors
- Depop sale closing delays or regulatory hurdles could weigh on sentiment
- Macro consumer spending and tariff impacts on discretionary goods
- Modest full-year GMS guidance caps upside expectations
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001370637-26-000042 |
| Document: etsy-20260429.htm | 0001370637-26-000042 |
| Document: 0001370637-26-000042-index-headers.html | 0001370637-26-000042 |
| Document: 0001370637-26-000042-index.html | 0001370637-26-000042 |
| Document: 0001370637-26-000042.txt | 0001370637-26-000042 |
| 8-K Data (Synthetic) | 0001370637-26-000042 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 12, 2026
2d ago
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Institutional Cluster
| $69.48 awaiting T+5 | awaiting T+5 | — | $69.48 (−0.01%) |
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May 28, 2026
17d ago
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8-K / DEFA14A
| $67.59 $66.46 | ▼ −1.67% | ▲ +0.85% | $69.48 (+2.79%) |
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May 22, 2026
23d ago
|
144
| $64.02 $69.72 | ▼ −8.90% | ▼ −7.69% | $69.48 (−8.52%) |
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May 4, 2026
5w ago
|
144
| $63.76 $59.53 | ▼ −6.63% | ▼ −9.57% | $69.48 (+8.97%) |
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May 1, 2026
6w ago
|
Insider Cluster
| $62.78 $64.02 | ▲ +1.97% | ▼ −0.38% | $69.48 (+10.67%) |
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Apr 29, 2026
6w ago
|
8-K
| $69.28 $64.59 | ▼ −6.77% | ▼ −9.88% | $69.48 (+0.28%) |
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Apr 17, 2026
8w ago
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DEFA14A
| $63.90 $64.86 | ▲ +1.50% | ▲ +0.59% | $69.48 (+8.73%) |
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Apr 6, 2026
10w ago
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Insider Cluster
| $54.11 $55.01 | ▼ −1.66% | ▲ +2.47% | $69.48 (−28.40%) |
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Feb 23, 2026
16w ago
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Insider Cluster
| $52.31 $53.93 | ▼ −3.10% | ▼ −2.48% | $69.48 (−32.82%) |
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Feb 23, 2026
16w ago
|
Insider Cluster
| $52.31 $53.93 | ▼ −3.10% | ▼ −2.48% | $69.48 (−32.82%) |
US Market Status
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