Filing Flows › Etsy (ETSY) › Gross margin
Etsy (ETSY) gross margin by quarter
Etsy's gross margin was 72.7% in Q3 2026 (third quarter 2026), +0.5 pts from Q1 2026. Over the last 5 quarters it ranged from 68.5% (Q2 2025) to 79.7% (Q4 2025).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 72.7% | +0.5 pts | +1.4 pts |
| Q1 2026 | 72.2% | -7.6 pts | — |
| Q4 2025 | 79.7% | +8.4 pts | — |
| Q3 2025 | 71.3% | +2.8 pts | — |
| Q2 2025 | 68.5% | — | — |
Q3 2026 at a glance
Etsy, Q3 2026: revenue $692M (+11% year over year), operating margin 16.1%, net earnings $854M, operating cash flow $160M. The chart follows the revenue to costs, profit and cash.
Questions
What is Etsy's gross margin?
Etsy's gross margin was 72.7% in Q3 2026 (third quarter 2026), +0.5 pts from Q1 2026.
How has Etsy's gross margin changed?
Over the last 5 quarters it ranged from 68.5% (Q2 2025) to 79.7% (Q4 2025).