Filing Flows › Etsy (ETSY) › Q3 2026
Etsy (ETSY) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Etsy (ETSY) reported revenue of $692M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +4% from the quarter before. Operating margin was 16.1%, net earnings $854M (123.3% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $692M | +4% | +11% |
| Gross profit | $503M | +4% | +10% |
| Operating profit | $111M | -11% | +0.4% |
| Net earnings | $854M | — | 11× |
| Operating cash flow | $160M | +294% | -27% |
| Free cash flow | $158M | +303% | -26% |
What changed
Revenue was $692.5M in Q3 2026, up 11% year over year and up 4% from the previous quarter. Marketplace revenue was the largest line at 68% of revenue. Marketplace revenue added $39.1M year over year (up 9%), 57% of the total change.
Gross margin was 72.7%, down 0.7 points from Q3 2025. Operating profit was $111.4M, a 16.1% margin (down 1.7 points year over year). Of the extra revenue versus Q3 2025, 1% reached operating profit, below the 18% margin then. Operating expenses grew 13% against revenue growth of 11%. The fastest-growing cost line was Sales & marketing (+19%). Net earnings were $853.5M, up 1030% year over year. The effective tax rate was 1.7%. Non-operating items added $757.1M, 87% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $159.7M (down 27% year over year), 19% of net earnings. Non-cash charges added back $16.1M of depreciation and amortization and $45.7M of share-based compensation. Working capital and other items used $755.6M. Capital expenditures of $1.4M left free cash flow of $158.3M.
Questions
What was Etsy's revenue in the third quarter 2026?
Etsy (ETSY) reported revenue of $692M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +4% from the quarter before.
Was Etsy profitable in the third quarter 2026?
Operating profit was $111M (16.1% of revenue) and net earnings $854M.
Source: Etsy 10-Q on SEC EDGAR.