Etsy (ETSY)
NYSE:ETSY
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.72Last Year’s EPS
0.25Same Quarter Last Year
Moderate Buy
Based on 20 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a cautiously optimistic tone: management presented multiple concrete improvements across growth, monetization and product (notably app momentum, active buyer stabilization, take rate expansion and AI experiments), strengthened cash conversion and capital returns, and an improved near-term outlook. However, several important caveats temper the enthusiasm — purchase frequency and habitual buyers remain below prior-year levels, some gains were aided by temporary FX and tariff-related factors, divestitures complicate comparability, AI and new discovery channels are still nascent, and regulatory or macro risks remain. On balance, progress on core operational levers and financial strength outweighs the remaining execution and macro uncertainties.Company Guidance
Gross Merchandise Sales (GMS) Growth
Etsy Marketplace GMS of $2.5 billion in Q1 2026, up 5.5% year-over-year (currency-neutral growth 3.6%); two consecutive quarters of YoY Etsy marketplace growth and a 540 basis point improvement versus Q4 2025.
Revenue and Profitability
Revenue of $631 million in Q1 2026 with adjusted EBITDA of $185 million and an adjusted EBITDA margin of 29.3%; company reaffirmed full-year adjusted EBITDA margin guidance of 28%–30%.
Take Rate Expansion
Take rate of 25.7% in Q1 2026, up 180 basis points year-over-year (with 130 bps attributable to a prior divestiture); expansion driven by Etsy Ads, Offsite Ads and Etsy Payments.
Mobile App Momentum
App GMS now ~47% of total GMS (up 240 basis points year-over-year); mobile app GMS rose 11.2% YoY in Q1 2026 versus 6.6% last quarter, and app users have ~40% higher LTV than non-app users.
Customer Metrics Improving
Trailing 12-month active buyers reached 86.6 million and grew sequentially for the first time in two years; combined gross buyer additions (new + reactivated) were 11.9 million, up 4.8% YoY; GMS per active buyer improved to $122 TTM, the first YoY increase since 2022.
Seller Base and Seller Experience Progress
Active sellers grew 3.3% to 5.6 million (first YoY seller growth period since introduction of the seller setup fee); company investing in AI tools to simplify listing and shop management to reduce seller friction.
Strong Balance Sheet and Capital Allocation
Cash, cash equivalents and investments of $1.6 billion; net cash from operating activities (continuing ops) $102.5 million; converted 50% of adjusted EBITDA to free cash flow (more than twice last year’s rate); repurchased $145 million of stock (≈2.7 million shares) with $828 million remaining authorization; pending Depop sale for $1.2 billion (expected close by end of Q3 2026).
Product & AI Initiatives
Early traction from personalization and ML changes (improving add-to-cart and conversion), introduction of AI-generated buyer profiles, integrations with OpenAI/Microsoft/Google, an Etsy app for ChatGPT, and two early agents (gift-finder and seller insights) built in weeks.
Outlook with Modest Improvement
Q2 2026 Etsy Marketplace GMS guidance of $2.48–$2.53 billion (≈3%–5% YoY growth); full-year GMS expected in low single-digit growth range with expectation of YoY GMS growth in each quarter of 2026.
ETSY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ETSY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $63.21 | $69.60 | +10.11% |
Feb 19, 2026 | $44.05 | $48.14 | +9.28% |
Oct 29, 2025 | $74.78 | $65.21 | -12.80% |
Jul 30, 2025 | $60.30 | $61.98 | +2.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Etsy (ETSY) report earnings?
Etsy (ETSY) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Etsy (ETSY) earnings time?
Etsy (ETSY) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ETSY EPS forecast?
ETSY EPS forecast for the fiscal quarter 2026 (Q2) is 0.72.
