Quarterly ResultApr 29, 2026, 07:12 AM
ETSY Q1 Etsy Marketplace GMS +5.5%, Revenue +7.6%; Depop Sale
AI Summary
ETSY reported strong first-quarter 2026 results for its core marketplace, with GMS up 5.5% and revenue up 7.6% year-over-year. The company is executing on growth priorities, seeing early improvements in customer behavior, including sequential growth in active buyers for the first time in two years. ETSY also reaffirmed its capital allocation strategy and provided an improved full-year GMS outlook, alongside details on the pending sale of Depop to eBay for $1.2 billion.
Key Highlights
- ETSY entered agreement to sell Depop to eBay for $1.2B, expected to close by Q3 2026.
- Etsy Marketplace Q1 2026 GMS grew +5.5% Y/Y to $2.5B.
- Etsy Marketplace Q1 2026 Revenue grew +7.6% Y/Y to $631M.
- Etsy Marketplace Q1 2026 Net Income increased +46.4% Y/Y to $104.66M.
- Etsy Marketplace Q1 2026 Adjusted EBITDA was $184.71M with a 29.3% margin.
- Repurchased $145M in stock, reducing outstanding shares by 2.7M.
- Q2 2026 Etsy Marketplace GMS outlook is $2.48B to $2.53B, +3-5% Y/Y growth.
- Full-year 2026 Etsy Marketplace GMS expected to grow in the low-single-digit range, an improved outlook.