ETSY Etsy, Inc. — QuoTrend

Analyst Ratings

Date	Action	Analyst	Rating	Target
May-21-26	Upgrade	Argus Research	Hold → Buy	$67
May-20-26	Reiterated	Arete Research		$76
Apr-30-26	Reiterated	Deutsche Bank	Hold	$74 → $75
Apr-30-26	Reiterated	UBS	Neutral	$72 → $74
Apr-30-26	Reiterated	Guggenheim	Buy	$80 → $85
Apr-30-26	Reiterated	Bernstein	Market Perform	$65
Apr-29-26	Reiterated	Morgan Stanley	Equal Weight	$60 → $64
Apr-29-26	Reiterated	Evercore ISI		$56 → $72
Apr-28-26	Reiterated	UBS	Neutral	$53 → $72
Apr-23-26	Reiterated	Raymond James	Outperform	$60 → $75

Financial Statements

DataTimeframe

Line Item (USD, M)		TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023	FY 2022 12/31/2022	FY 2021 12/31/2021	FY 2020 12/31/2020	FY 2019 12/31/2019	FY 2018 12/31/2018
Total Revenue		2,864	2,884	2,808	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A		803	818	775
Gross Profit		2,062	2,066	2,034
Selling, General and Administrative Excl. Other		1,215	1,248	1,211
Research and Development		438	450	443
Other Operating Expense		2	0	0
Operating Income		408	368	380
Interest Expense		16	19	14
Unusual Expense		—	—	—
Non-Operating Income (Expense)		-15	103	-44
Net Income Before Taxes		409	247	411
Income Taxes		90	84	107
Consolidated Net Income		286	163	303
Net Income From Continuing Operations		321	163	303
Net Income		286	163	303
EPS (Recurring)		2.89	1.68	2.64
EPS (Basic, Before Extraordinaries)		2.89	1.68	2.64
EPS (Diluted)		2.44	1.39	2.35
EBITDA		524	367	533
Other After Tax Adjustments		—	—	—
Stock Option Compensation Expense		—	—	—
Price To Earnings Ratio		30.31	39.88	—
Price To Sales Ratio		2.48	1.88	—
Gross Margin		72.00	71.64	72.44
Operating Margin		14.25	12.76	13.53
Net Margin		9.99	5.65	10.79
Shares Outstanding		96	98	115
Market Capitalization		7,099	5,433	—
Operating Lease Expense		—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Silverman Josh	director, other: Executive Chair of the Board	Jun 16 '26	Option Exercise	10.62	104,958	1,114,654	317,397	Jun 17 12:00 AM
Silverman Josh	director, other: Executive Chair of the Board	Jun 16 '26	Sale	74.00	52,479	3,883,446	130,694	Jun 17 12:00 AM
Silverman Josh	director, other: Executive Chair of the Board	Jun 15 '26	Option Exercise	10.62	100,000	1,062,000	369,876	Jun 17 12:00 AM
Silverman Josh	director, other: Executive Chair of the Board	Jun 15 '26	Sale	72.50	50,000	3,625,000	130,694	Jun 17 12:00 AM
REIFF MELISSA	Director	Jun 09 '26	Option Exercise	0.00	9,466	0	21,157	Jun 11 12:00 AM
BURNS M MICHELE	Director	Jun 09 '26	Option Exercise	0.00	9,466	0	24,697	Jun 11 12:00 AM
Blow Marla J	Director	Jun 09 '26	Option Exercise	0.00	9,466	0	13,324	Jun 11 12:00 AM
BALLARD CHARLES ANDREW	Director	Jun 09 '26	Option Exercise	0.00	9,466	0	8,739	Jun 11 12:00 AM
ROSENBLATT DAVID S	Director	Jun 09 '26	Option Exercise	0.00	9,466	0	6,032	Jun 11 12:00 AM
Smyth Margaret Mary	Director	Jun 09 '26	Option Exercise	0.00	9,466	0	63,846	Jun 11 12:00 AM
BRIGGS GARY S	Director	Jun 09 '26	Option Exercise	0.00	9,466	0	25,168	Jun 11 12:00 AM
Steinberg Marc	Director	Jun 09 '26	Option Exercise	0.00	9,466	0	10,704	Jun 11 12:00 AM
WILSON FREDERICK R	Director	May 22 '26	Sale	61.63	20,000	1,232,674	481,329	May 26 12:00 AM
Blow Marla J	Director	May 15 '26	Sale	58.25	300	17,474	8,591	May 19 12:00 AM
Baker Charles	Chief Financial Officer	May 05 '26	Sale	63.50	2,030	128,898	6,913	May 05 12:00 AM