Etsy, Inc. (ETSY) Stock

Etsy, Inc. (ETSY) is a Technology stock trading at $81.20 (as of 2026-08-20), with a market capitalization of $7.45B and a trailing P/E of 35.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Etsy, Inc. runs online marketplaces that connect third-party sellers with buyers, including its Etsy platform and the Depop brand for fashion-related commerce. Revenue comes mainly from marketplace fees, advertising, and optional seller services such as shipping labels.

Understand Etsy, Inc.: how it makes money

Etsy operates online marketplaces that connect third-party sellers with buyers worldwide, with its main platform focused on unique and creative goods and Depop focused on fashion resale. It makes money primarily from marketplace fees (listing, transaction, and payment processing), advertising services, and optional seller tools like shipping labels.

Etsy’s revenue model is transaction-driven, because its primary income comes from marketplace fees and payment processing on qualifying transactions and from programs that influence seller traffic (including search placement and fee incentives), with additional revenue from advertising and optional seller tools.

Revenue by segment (latest quarter)
Mkt$0.4B
Svc$0.2B

Business quality (Weak): The provided data includes only a single quarter’s top-line and margin figures, plus revenue breakdown labels and suggested operating KPI labels, so the segment split and KPI focus are based strictly on those fields.

Valuation: Trades at 30× trailing earnings · $7B market cap.

Bull case

  • Multiple revenue streams tied to seller activity: Marketplace fees, advertising services, and optional seller tools (such as shipping labels) support revenue generation around third-party seller transactions.
  • Marketplace programs that affect demand: Etsy administers programs related to search placement and order protection on qualifying transactions, and fee incentives tied to seller-driven traffic.

Bear case

  • Dependence on marketplace transaction health: Because a large share of revenue comes from marketplace fees and payment processing on transactions, changes in buyer demand, seller activity, or transaction levels can impact results.
  • Service revenue sensitivity: Advertising services and optional seller tools can be influenced by how sellers market items and by willingness to pay for add-ons like shipping labels.
Valuation — source: SEC EDGAR (first-party)
Price$81.20
Market Cap$7.45B
P/E Ratio35.6
EV / EBITDA17.8
Price / Sales2.61
FCF Yield8.7%
DCF Value (model)$24.54
DCF Upside vs Price-69.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.88B
Net Margin5.7%
Revenue Growth (YoY)-0.6%
EPS Growth (YoY)-275.0%
FCF Growth (YoY)-61.2%
Financial Health — source: SEC EDGAR
Altman Z-Score1.59 (distress)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Stock P/E35.6
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
vs Sector5.0%
vs Industry18.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($659.11M)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryBusiness Services
CEOColin S. Stretch
Employees2,400
CountryUS
IPO Date2015-04-16

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ETSY earnings history · ETSY institutional & insider holders · ETSY KPIs & operating metrics · ETSY financials · ETSY investor presentations & press releases · ETSY SEC filings · ETSY peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.