Etsy operates a top-10 e-commerce marketplace in the US and the UK, with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $12.5 billion in 2024 consolidated gross merchandise volume, Etsy has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. The firm connects about 95 million buyers and 8 million sellers on its marketplace properties: Etsy and Depop (clothing resale).
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The chart shows the growth of an initial investment of $10,000 in Etsy, Inc., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Etsy, Inc. (ETSY) has returned -7.69% so far this year and 11.17% over the past 12 months. Looking at the last ten years, ETSY has achieved an annualized return of 19.51%, outperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Etsy, Inc. (ETSY) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.33% | 3.55% | -6.94% | 2.91% | ||||||||
| 2025 | 2.33% | -10.19% | -8.19% | -7.71% | 26.63% | -8.63% | 16.42% | -8.92% | 27.10% | -6.74% | -11.83% | 3.57% |
| 2024 | -17.09% | -1.79% | -3.81% | 0.82% | -7.52% | -7.61% | 10.07% | -13.24% | 0.84% | -6.64% | 7.61% | -2.99% |
| 2023 | 13.23% | -11.75% | -7.63% | -8.53% | -19.24% | 4.14% | 19.24% | -26.84% | -12.82% | -3.17% | 23.05% | 5.91% |
| 2022 | -29.35% | -2.56% | -20.39% | -26.17% | -12.13% | -12.20% | 38.79% | 3.69% | -2.85% | -6.84% | 37.45% | -9.84% |
| 2021 | 10.90% | 9.22% | -10.20% | -3.70% | -17.80% | 24.04% | -11.09% | 16.19% | -3.98% | 21.24% | 9.42% | -21.21% |
| 2020 | 9.17% | 17.88% | -33.75% | 77.71% | 28.21% | 31.96% | 12.21% | -1.07% | 0.36% | -2.02% | 30.41% | 10.15% |
| 2019 | 18.21% | 31.08% | -6.64% | -0.62% | -8.49% | -0.94% | 5.41% | -21.53% | 8.97% | -21.56% | -2.38% | 1.35% |
| 2018 | -8.49% | 35.28% | 9.74% | 6.66% | 7.51% | 29.82% | -2.11% | 18.58% | 5.59% | -17.93% | 27.30% | -15.57% |
| 2017 | 5.35% | -4.19% | -7.24% | 1.32% | 24.05% | 12.28% | -4.20% | 13.76% | 2.74% | -1.53% | -1.73% | 24.32% |
| 2016 | 3.17% | 5.59% | 4.13% | 4.47% | 27.58% | 6.73% | -8.59% | -5.42% | -4.85% |
The charts below present risk-adjusted performance metrics for Etsy, Inc. (ETSY) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of ETSY compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Etsy, Inc. volatility is 2.59%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 2.83B | 2.69B | 2.63B | 3.83B | 2.40B | 1.54B | 901.85M | 605.58M | 581.19M | 553.06M |
| Temporary Equity Attributable To Parent (USD) | - | - | - | - | - | - | - | - | - | - |
| Temporary Equity (USD) | - | - | - | - | - | - | - | - | - | - |
| Equity Attributable To Parent (USD) | -1.10B | -543.72M | -547.27M | 628.62M | 742.42M | 406.63M | 400.90M | 396.89M | 344.76M | 330.50M |
| Equity Attributable To Noncontrolling Interest (USD) | - | - | - | - | - | - | - | - | - | - |
| Equity (USD) | -1.10B | -543.72M | -547.27M | 628.62M | 742.42M | 406.63M | 400.90M | 396.89M | 344.76M | 330.50M |
| Other Non-current Liabilities (USD) | 228.50M | 234.52M | 270.84M | 312.18M | 145.10M | 162.06M | 112.41M | - | - | - |
| Long-term Debt (USD) | 2.33B | 2.28B | 2.28B | 2.28B | 1.06B | 785.13M | 276.49M | - | - | - |
| Noncurrent Liabilities (USD) | 2.56B | 2.52B | 2.55B | 2.59B | 1.21B | 947.19M | 388.89M | 106.21M | 152.43M | 142.44M |
| Other Current Liabilities (USD) | 1.25B | 585.02M | 539.28M | 521.10M | 413.78M | 162.20M | 85.52M | 88.86M | 73.03M | 65.74M |
| Wages (USD) | 81.10M | 95.84M | 63.72M | 66.48M | - | - | - | - | - | - |
| Accounts Payable (USD) | 28.81M | 29.92M | 28.76M | 28.01M | 40.88M | 26.32M | 26.55M | 13.62M | 10.98M | 14.38M |
| Current Liabilities (USD) | 1.36B | 710.78M | 631.76M | 615.59M | 454.66M | 188.53M | 112.06M | 102.48M | 84.01M | 80.12M |
| Liabilities (USD) | 3.93B | 3.23B | 3.18B | 3.20B | 1.66B | 1.14B | 500.95M | 208.69M | 236.44M | 222.56M |
| Other Non-current Assets (USD) | - | - | - | - | - | - | 101.38M | 44.60M | 76.25M | 86.12M |
| Intangible Assets (USD) | - | - | - | - | - | - | - | 4.10M | 7.51M | 2.87M |
| Fixed Assets (USD) | - | - | - | - | - | - | 120.18M | 117.62M | 126.41M | 105.02M |
| Noncurrent Assets (USD) | 866.27M | 1.11B | 1.12B | 2.49B | 509.71M | 621.31M | 221.56M | 166.32M | 210.16M | 194.01M |
| Other Current Assets (USD) | - | - | - | - | - | - | 56.00M | - | - | - |
| Cash (USD) | - | - | - | - | - | - | 624.29M | - | - | - |
| Current Assets (USD) | 1.96B | 1.57B | 1.51B | 1.34B | 1.89B | 921.04M | 680.29M | 439.26M | 371.03M | 359.05M |
| Assets (USD) | 2.83B | 2.69B | 2.63B | 3.83B | 2.40B | 1.54B | 901.85M | 605.58M | 581.19M | 553.06M |
eBay has delivered 15.8% annualized total returns over the past decade, outpacing the S&P 500 through steady business operations, aggressive share buybacks (62% reduction since 2015), and shareholder-friendly capital allocation. The company is acquiring Etsy's Depop service to access 56 million younger users, positioning itself as a defensible platform for rare and collectible items without pursuing expensive expansion like competitors.
eBay reported strong Q4 2025 earnings with revenue of $2.97 billion exceeding expectations and GMV growth of nearly 10% in the US. The company announced a $1.2 billion acquisition of Depop, a secondhand clothing marketplace, to capture Gen Z and Millennial customers. Three growth engines are driving eBay: advertising revenue approaching $2 billion annually, recommerce accounting for 40% of GMV, and the strategic Depop acquisition. However, some Q4 growth was commodity-driven and cyclical, gross margins declined, and the Depop deal is expected to dilute EPS until 2028.
KeyBanc Capital Markets analyst Ashley Owens maintains a Sector Weight rating on Etsy after the company agreed to sell Depop to eBay for $1.2 billion. While the sale allows Etsy to focus on its core marketplace and return capital to shareholders, Owens remains cautious about Etsy's ability to revive core GMS growth, which remains unproven.
U.S. stocks declined Thursday as President Trump hinted at potential military intervention in Iran, boosting crude oil to 7-month highs. The S&P 500 fell 0.3%, Nasdaq 100 and Dow Jones each dropped 0.5%. Energy stocks surged 0.8% while financials lagged. Notable movers included Occidental Petroleum jumping 9% on earnings beat, Booking Holdings falling 7%, and Deere & Company gaining 12.6% for its best day since March 2020.
eBay announced the acquisition of secondhand fashion marketplace Depop from Etsy for approximately $1.2 billion in cash, signaling aggressive expansion into the fast-growing recommerce space targeting younger demographics. The deal was accompanied by strong Q4 2025 earnings with revenue of $3 billion (15% YoY growth), adjusted EPS of $1.41 beating expectations, and GMV of $21.2 billion. eBay shares surged over 8% in after-hours trading, with the company also raising its dividend by 7% and authorizing an additional $2 billion for share repurchases.
U.S. stock futures declined on Thursday as escalating US-Iran tensions pushed oil prices higher and the Federal Reserve's January meeting minutes revealed disagreements on interest rates. Major indices fell slightly, with the S&P 500 down 0.08% and Nasdaq 100 down 0.08%. DoorDash surged 13.57% despite weak earnings, eBay jumped 7.87% on better-than-expected results and an acquisition agreement, while Walmart tumbled 1.50% ahead of earnings. Oil futures rose 1.20% amid geopolitical tensions.
Etsy shares surged 14.83% in after-hours trading following the announcement of a definitive agreement to sell its fashion marketplace Depop to eBay for approximately $1.2 billion in cash. Etsy plans to use the proceeds for general corporate purposes, share repurchases, and core marketplace investments. The transaction is expected to close in Q2 2026 and has been unanimously approved by both boards.
Matt Frankel discusses three stocks he is considering adding to his portfolio as 2026 begins, despite the stock market being near all-time highs. The article identifies long-term investment opportunities in the current market environment.
Etsy Inc. is showing renewed momentum after a sluggish 2025, with its Momentum score surging from 32.82 to 47.16 in a week. The e-commerce platform announced a $750 million share repurchase program and is trending upward within its 52-week range, signaling potential consolidation and fresh market interest.
Kroger, Lululemon, and Etsy have announced significant share repurchase authorizations totaling billions of dollars, with buyback capacity equal to 5% or more of their market capitalizations. Kroger added $2 billion to its buyback program with a 14.4% LTM buyback yield, Lululemon approved $1 billion amid CEO transition and weak growth forecasts, and Etsy announced $750 million in buybacks to restore investor confidence after recent earnings disappointment and leadership changes.