ETSY INC (ETSY) Form 8-K — Oct 28, 2026
Etsy reported strong Q3 2026 results, with Etsy marketplace GMS of $2.6B (+8.8% Y/Y) and revenue of $692.5M (+10.9% Y/Y), marking a sixth consecutive quarter of accelerating GMS growth and a 30.4% adjusted EBITDA margin. Active buyers returned to year-over-year growth (+1.0% to ~88 million) for the first time in two years, and the company repurchased ~$394.6M of stock in the quarter, with $2.2B of buyback authorization remaining. Etsy also paid down $648.6M of its 2019 Notes on October 1, 2026, following the July 30, 2026 sale of Depop, which generated an $839.7M gain.
Key figures
- Eps
- 1.25
- Revenue
- 692469000
- Guidance
- Q4 2026: GMS $3.46B-$3.52B (+5-7% Y/Y), take rate ~25.6%, adjusted EBITDA margin ~30%; FY 2026: GMS growth ~7%, take rate ~25.8%, adjusted EBITDA margin ~30%
- Net Income
- 113637000
- Revenue Yoy
- 10.9%
- Cash Position
- 2500000000
- Gross Proceeds
- 394600000
- Gms q3
- $2.6B (Etsy marketplace)
- Take rate
- 26.2% (+50 bps Y/Y)
- Active buyers
- ~88 million, +1.0% Y/Y (first growth in two years)
- Debt repayment
- $648.6M paid Oct 1, 2026 to settle 2019 Notes
- Gms growth yoy
- 8.8% (9.1% currency-neutral)
- Adjusted ebitda
- $210.4M, +14.6% Y/Y
- Depop gain on sale
- $839.7M
- Gms per buyer growth
- +3.9% Y/Y TTM
- Shares repurchased q3
- ~$394.6M / ~5.2 million shares
- Adjusted ebitda margin
- 30.4%
- Free cash flow q3 continuing
- $236.4M
- Remaining buyback authorization
- $2.2B
- Total diluted eps incl discontinued
- $7.31
AI analysis
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