TTM
14.3%
YoY change
−0.78pp
Trough year (2022)
-25.7%
Peak year (2020)
24.6%
Latest annual
12.8%
Operating Margin history chart for Etsy (ETSY) from 2012 to 2025
Latest: 12.8%
Operating Margin change chart for Etsy (ETSY) from 2012 to 2025
Latest: −0.78pp
Operating Margin history table for Etsy (ETSY) from 2012 to 2025
| 2025 | 12.8% | -0.78pp | ||
| 2024 | 13.5% | +3.36pp | ||
| 2023 | 10.2% | +35.85pp | ||
| 2022 | -25.7% | -45.66pp | ||
| 2021 | 20.0% | -4.58pp | ||
| 2020 | 24.6% | +13.73pp | ||
| 2019 | 10.8% | -1.54pp | ||
| 2018 | 12.4% | +9.69pp | ||
| 2017 | 2.7% | -2.12pp | ||
| 2016 | 4.8% | +5.50pp | ||
| 2015 | -0.7% | +2.51pp | ||
| 2014 | -3.2% | -3.78pp | ||
| 2013 | 0.6% | +2.40pp | ||
| 2012 | -1.8% | — |
- 202512.8%-0.78pp
- 202413.5%+3.36pp
- 202310.2%+35.85pp
- 2022-25.7%-45.66pp
- 202120.0%-4.58pp
- 202024.6%+13.73pp
- 201910.8%-1.54pp
- 201812.4%+9.69pp
- 20172.7%-2.12pp
- 20164.8%+5.50pp
- 2015-0.7%+2.51pp
- 2014-3.2%-3.78pp
- 20130.6%+2.40pp
- 2012-1.8%—
Operating Margin values are taken from Etsy's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Etsy (ETSY)
According to Etsy's latest reported financial statements, the company's latest reported operating margin is 14.3%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Etsy (ETSY) most recent annual operating margin stands at 12.76% (2025) – contracted 0.8 percentage points year-over-year.
Across the available history, operating margin reached its high of 24.57% in 2020 and its low of -25.66% in 2022.
Etsy Operating Margin by Year
Etsy Operating Margin 2025: 12.8%
Etsy operating margin in 2025 was 12.76%, contracted 0.8 percentage points from 2024.
Etsy Operating Margin 2024: 13.5%
2024's operating margin for Etsy came in at 13.54%, expanded 3.4 percentage points from 2023.
Etsy Operating Margin 2023: 10.2%
Etsy posted operating margin of 10.18% in 2023, expanded 35.8 percentage points from 2022.
Etsy Operating Margin 2022: -25.7%
In 2022, Etsy reported operating margin of -25.66%, contracted 45.7 percentage points from 2021. This figure represents the lowest annual value in the available history.
Etsy Operating Margin 2021: 20.0%
Etsy operating margin in 2021 was 20.00%.
See more financial history for Etsy (ETSY).
Sector peers by Operating Margin
Consumer Cyclical peers of Etsy (ETSY), ranked by their latest operating margin
| 46.0% | |
| 34.3% | |
| 22.2% | |
| 12.4% | |
| 12.4% | |
| 11.5% | |
| 5.8% | |
| 5.0% |
- 46.0%
- 22.2%
- 12.4%
- 12.4%
- 11.5%
- 5.8%
- 5.0%
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