Etsy, Inc.: Beat — EPS $1.00, Revenue $692.47M
Earnings BeatQ3 2026 · Pre-market
Did Etsy, Inc. (ETSY) beat earnings today?
Yes, Etsy, Inc. (ETSY) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+35.14% surprise
$1.00Actual
Expected: $0.74
vs. year ago +1060.3%
Total Revenue+3.65% surprise
$692.47MActual
Expected: $668.11M
vs. year ago +10.9%
Released Oct 28 · 7:08 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $692.47M | $624.15M | 10.9 |
| Revenue detail — reported lines | |||
| └─Marketplace revenue | $468.14M | $429.08M | 9.1 |
| └─Services revenue | $224.33M | $195.07M | 15.0 |
| Net Income | $853.52M | $75.50M | 1030.4 |
| GAAP Basic EPS | $9.37 | $0.76 | 1132.9 |
| GAAP Diluted EPS | $7.31 | $0.63 | 1060.3 |
Financial Outlook / Guidance
| Metric | Q4 26 Outlook | FY 26 Outlook |
|---|---|---|
| GMS | $3.46B-$3.52B (+5-7% Y/Y) | ~7% |
| Take Rate | ~25.6% | ~25.8% |
| Adjusted EBITDA Margin | ~30% | ~30% |
Business Highlights
- ➤Completed the Depop sale on July 30, 2026.
- ➤Personalized feeds, recommendations and owned marketing now serve four out of five active buyers.
- ➤Extended selected personalization features to signed-out users.
- ➤Introduced AI tools that simplify seller listing creation and buyer communications.
- ➤Continued testing an AI-powered seller assistant using each shop’s data.
- ➤Tested Stamps rewards for buyer actions across sellers, categories and regions.
- ➤Scaled premium support for top buyers ahead of the holiday season.
- ➤Launched an exclusive collection of custom and monogrammed bedding for back-to-school.
- ➤Began testing shopping experiences for wedding shoppers following Gifting Assistant beta learnings.
- ➤Expanded paid-social investment on TikTok and YouTube; tested Reddit and Snapchat.
- ➤Paid $648.6M to settle the remaining outstanding 2019 Notes.
- ➤Repurchased approximately $394.6M of stock during the third quarter.