Filing Flows › Etsy (ETSY) › Q2 2026
Etsy (ETSY) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Etsy (ETSY) reported revenue of $668M for the second quarter 2026 (Q2 2026), +6% from a year earlier and +6% from the quarter before. Operating margin was 18.7%, net loss $46.6M (7.0% of revenue).
Etsy, Q2 2026: revenue $668M (+6% year over year), operating margin 18.7%, net loss $46.6M, operating cash flow $40.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $668M | +6% | +6% |
| Operating profit | $125M | +5% | +64% |
| Net earnings | −$46.6M | -167% | -262% |
| Operating cash flow | $40.6M | -50% | -62% |
| Free cash flow | $39.3M | -50% | -61% |
What changed
Revenue was $668.3M in Q2 2026, up 6% year over year and up 6% from the previous quarter. Marketplace revenue was the largest line at 68% of revenue. Marketplace revenue added $21.0M year over year (up 5%), 54% of the total change.
Gross margin was 72.4%, down 0.8 points from Q2 2025. Operating profit was $125.3M, a 18.7% margin (up 3.8 points year over year). Of the extra revenue versus Q2 2025, 80% reached operating profit, above the 15% margin then. Operating expenses fell 2% while revenue rose 6%. The quarter ended with a net loss of $46.6M, after a profit of $69.7M the previous quarter. Net interest and other expense of $151.3M was the main reason.
Operating cash flow was $40.6M (down 62% year over year). Non-cash charges added back $15.2M of depreciation and amortization and $51.2M of share-based compensation. Working capital and other items added $20.8M. Capital expenditures of $1.2M left free cash flow of $39.3M.
Questions
What was Etsy's revenue in the second quarter 2026?
Etsy (ETSY) reported revenue of $668M for the second quarter 2026 (Q2 2026), +6% from a year earlier and +6% from the quarter before.
Was Etsy profitable in the second quarter 2026?
Operating profit was $125M (18.7% of revenue) and net loss $46.6M.
Source: Etsy 10-Q on SEC EDGAR.