Form 8-K

8-K — ETSY INC

Accession: 0001370637-26-000090

Filed: 2026-10-28

Period: 2026-10-23

CIK: 0001370637

SIC: 7389 (SERVICES-BUSINESS SERVICES, NEC)

Item: Results of Operations and Financial Condition

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — etsy-20261023.htm (Primary)

EX-99.1 (q326shareholderletter.htm)

EX-99.2 (exhibit992102829.htm)

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8-K

8-K (Primary)

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0001370637falseQ3202600013706372026-10-232026-10-23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________

FORM 8-K

_____________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 23, 2026

ETSY, INC.

(Exact name of registrant as specified in its charter)

_____________________________________

Delaware 001-36911 20-4898921

(State or other jurisdiction

of incorporation) (Commission

File Number) (IRS Employer

Identification No.)

117 Adams Street

Brooklyn, New York 11201

(Address of principal executive offices, including zip code)

(718) 880-3660

(Registrant's telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

_____________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, $0.001 par value per share ETSY New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

Item 2.02. Results of Operations and Financial Condition.

Shareholder Letter

On October 28, 2026, Etsy, Inc. (“Etsy”) issued a Shareholder Letter announcing its financial results for the quarter ended September 30, 2026. A copy of the Shareholder Letter is furnished as Exhibit 99.1 to this Form 8-K and is hereby incorporated by reference.

Information in Item 2.02 and Exhibit 99.1 of this Form 8-K shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise incorporated by reference into any filing pursuant to the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as otherwise expressly stated in such filing.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Departure of Lanny Baker as Chief Financial Officer

On October 28, 2026, Etsy also announced that Charles (Lanny) Baker will depart from his role as Chief Financial Officer. Mr. Baker is currently expected to remain in his role through March 1, 2027 and to serve in an advisory capacity through July 1, 2027. Etsy has retained an executive recruiting firm to assist in the search for his successor.

On October 27, 2026, Mr. Baker and Etsy entered into a separation agreement (the "Separation Agreement”) governing the terms of his departure and advisory period. Mr. Baker will continue to receive his base salary during the advisory period, and his equity will continue to vest, following which Mr. Baker will receive compensation and benefits consistent with a Qualifying Termination under Etsy’s Executive Severance Plan. In return, Mr. Baker will provide a customary general release and waiver of claims.

This description of the Separation Agreement is qualified in its entirety by reference to the full text of the Separation Agreement, which is expected to be filed as an exhibit to Etsy’s Annual Report on Form 10-K for the year ended December 31, 2026.

Item 7.01 Regulation FD Disclosure.

A copy of the press release announcing Mr. Baker’s departure has been furnished as Exhibit 99.2 to this Form 8-K. Information in Item 7.01 and Exhibit 99.2 of this Form 8-K shall not be deemed “filed” for the purposes of Section 18 of the Exchange Act, or otherwise incorporated by reference into any filing pursuant to the Securities Act or the Exchange Act, except as otherwise expressly stated in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

99.1

Shareholder Letter issued by Etsy, Inc. on October 28, 2026

99.2

Press Release issued by Etsy, Inc. on October 28, 2026

104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ETSY, INC.

By: /s/ Charles Baker

Charles Baker

Chief Financial Officer

Dated: October 28, 2026

EX-99.1

Filename: q326shareholderletter.htm · Sequence: 2

Q326 Shareholder Letter

Third Quarter 2026

Shareholder Letter

Nicky, ‘WinkingCatClay’ shop on Etsy

Dear Shareholders,

2026 has been a year of meaningful transformation for Etsy. We entered the year with a clear diagnosis of the

business’ needs and a set of priorities designed to address them. At the same time, we developed more clarity

and conviction in Etsy’s differentiation: our sellers’ creativity, the craftsmanship and care behind their work, and

the human connection that gives those items meaning. We believe our improving performance reflects our

progress not only in delivering a better shopping experience, but also in making Etsy’s unique value easier for

buyers to discover and appreciate, and for sellers to want to be a part of.

I’m proud of the progress we’ve made so far, and even more optimistic about the opportunity still ahead. We’re

bringing more buyers to Etsy and providing them an experience that is far more personalized and relevant,

helping them discover higher-quality items and sellers, and complete memorable purchases. We’re making our

marketing investments more effective, enabling us to show up in new places and build relationships with both

new and existing audiences. And we’re improving the support experience for our buyers and sellers - an

important part of building trust and meaningful relationships that extend beyond any individual transaction.

After three consecutive quarters of accelerating growth this year, I’m increasingly confident that our business is

now firmly in growth mode. We have sustainable momentum, and clear evidence that the changes we’ve made

to how we operate and invest are strengthening our business and driving more durable performance.

Third Quarter 2026 Key Performance Indicators Point to a Meaningfully Healthier Business

All key performance indicators continued to improve, with year-over-year growth in GMS and revenue

accelerating further in the third quarter. Strong top line performance and disciplined expense management

resulted in an adjusted EBITDA margin slightly above 30% for the quarter. Active buyers grew year-over-year for

the first time in two years, and our focus on improved customer relationships is driving an acceleration in growth

in GMS per active buyer. Our active seller base grew at its fastest rate in two years, with improving retention

signaling the relevance of Etsy to creative micro-entrepreneurs.

Encouragingly, while we are still benefitting from some external GMS tailwinds, the positive impact from our

internal efforts has accelerated. Our App continues to perform very well, paid marketing is becoming more

efficient and organic traffic remains healthy. And our work to improve search and discovery is surfacing higher-

quality, more relevant inventory.

On July 30, 2026 we completed the sale of Depop. Etsy’s results of operations for all periods presented are on a continuing

operations basis, while Depop is presented as a discontinued operation through the closing date. Continuing operations for the

three months ended September 30, 2026 and 2025 represent the Etsy marketplace only.

Q3 2026

Key Performance Indicators

GMS

$2.6B

+8.8% Y/Y Etsy Marketplace growth

REVENUE

TAKE RATE

$692M

+10.9% Y/Y Etsy Marketplace growth

26.2%

+50 bps Y/Y

NET INCOME

ADJ. EBITDA

$114M

+$9 million Y/Y Etsy Marketplace

$210M

30.4% Adj. EBITDA Margin

Adj. EBITDA and Adj. EBITDA Margin are non-GAAP financial measures. Reconciliation of non-GAAP financial measures to the most comparable GAAP measures can be found in

“Non-GAAP Financial Measures” below.

Growth Priorities are Driving Improved Marketplace Performance

Investing in Etsy’s Core Differentiation

Creativity, craftsmanship, and connection are what set Etsy apart, and

we’ve made meaningful progress bringing these characteristics to life more

consistently in the buyer and seller experience. Last quarter, we shared

how we were testing ways to make our sellers and their creative processes

more visible to buyers. Our latest Android test and supporting research

show that doing so builds buyer trust, confidence and perceived value.

When we brought sellers to the forefront, buyers engaged more

deeply — visiting shops and contacting sellers from their shop home

pages more often, for example.

We’re now building on these learnings as we look to bring human

connection more deeply into the shopping experience across platforms. By

weaving together things like seller stories, craftsmanship details, buyer

reviews, and opportunities for connection, we aim to help buyers understand not just what they’re purchasing,

but who is behind it, how it’s made, and what makes it special. Our goal is to make the value our sellers

create more visible at every step, building the trust and connection that bring shoppers back to Etsy.

On-Site Discovery and Matching Drive Better Buyer Understanding and Engagement

Our investments in discovery and matching are increasingly contributing to GMS momentum. By using AI

and machine learning to more deeply understand shoppers' tastes and interests, we're helping buyers find what

they want and discover things they didn't know they were looking for. And we're seeing that progress translate

into tangible proof points. For example, by the third quarter, we estimate that personalization improvements

alone contributed approximately two percentage points to our annualized year-over-year GMS growth rate.

In the third quarter, we continued to build on our momentum by:

•Extending some personalization to signed-out users, making Etsy feel more relevant from the start.

•Expanding and deepening buyer profiles, which now power personalized feeds, recommendations, and

owned marketing for four out of five active buyers.

•Improving recommendation capabilities to help buyers discover fresh inventory across new categories.

We’re also evolving how we define a great match in Search. Rather than simply optimizing for the next click

or the item most likely to convert, we’re increasingly incorporating signals like value and the expected post-

purchase experience. This is helping us surface more relevant and high-quality inventory while maintaining

strong marketplace performance. We're seeing encouraging signs that our personalization efforts are driving

deeper engagement, including more cross-category exploration and new shopping missions on the App. There's

still much more to do to make discovery more inspiring and relevant, and our goal is simple: to make Etsy better

for buyers every time they come back.

Evolving approaches to support Seller and Buyer Loyalty

Creative entrepreneurs come to Etsy to build businesses around their craft, and our ambition is to make Etsy

the best place for them to grow. That starts with listening to our sellers and

acting on what we hear - giving them better tools, insights, and support.

We’ve made progress across the seller experience, from enabling shared

shop access, and expanding our appeals process, to making Etsy Ads easier

to manage. We’re also actively investing in AI to make running an Etsy shop

easier. We've introduced tools that simplify listing creation and buyer

communications, and are continuing to test an AI-powered assistant that uses

each shop's data to provide personalized insights and recommendations.

Over time, our ambition is to move beyond recommendations to helping

sellers take action - so they can spend less time managing their shops and

more time creating and growing their businesses.

For buyers, we’re continuing to test new ways to recognize and reward

loyalty. That includes experimenting with earning ‘Stamps’ towards rewards

for actions that broaden and deepen their relationship with Etsy - like

supporting sellers across categories or regions. We’re also scaling premium support experiences for our top

buyers ahead of the holiday season, while expanding general support availability across the marketplace.

Ultimately, loyalty is much bigger than any one program or feature. It comes from delivering a great experience

from beginning to end - helping buyers feel understood and valued, helping sellers succeed, and building the

trust and connection that give both more reasons to keep coming back to Etsy.

Strategic shifts in marketing have been a big part of our 2026

success

The strategic shifts we’ve made in marketing are increasingly contributing to our

performance - and I’m encouraged that we’re still early in many of these

initiatives. We’ve become more audience-focused, even more disciplined about

where we invest, and better at connecting the right buyers with the best of Etsy,

including:

Reinforcing what makes Etsy different: Our brand campaigns celebrate being

human and are improving buyer perceptions that Etsy is a place to find special

items and shop from and support real people.

Building marketing technology capabilities across our portfolio:

Improvements in how we understand and surface our inventory are helping us

drive better performance across paid search and social, search engine

optimization, and our influencer and affiliate programs.

Making owned marketing truly personal: We're evolving our email and push experiences by combining the

precision and scale of machine learning with the creativity of human curation and storytelling. This approach

allows us to deliver recommendations that are not only relevant to each buyer's interests, but also more

inspiring, engaging, and reflective of what makes Etsy special.

Showing up for the moments that matter: We’re leaning into the purchase occasions where Etsy naturally

shines - from holidays and universal milestones like birthdays and anniversaries, to smaller “mini-stones” and

cultural moments - and we’re seeing strong GMS growth across many of these occasions.

Reaching younger audiences in new ways: We’re showing up in

more of the places and moments where younger audiences discover

- from music festivals and cultural moments to holiday markets.

These experiences bring Etsy’s humanity to life, while extending our

reach and relevance across paid, owned, and organic channels.

Taken together, this work is helping us show up earlier in the

discovery journey, with more relevant inventory and a more

distinctive expression of our brand - bringing more buyers to Etsy

and giving us more opportunities to build lasting relationships with

them.

Etsy matters more in an AI world

There's an inherent paradox in how we think about AI at Etsy: we're harnessing technology to make

commerce more human - just as we’ve been doing for more than 20 years. AI will fundamentally change

how people discover and shop, and we're leaning in - not just adapting to new shopping behaviors, but actively

evolving how Etsy creates value for buyers and sellers. By combining our sellers' unique inventory with the

trust, breadth, and human connection of the Etsy marketplace, we can make shopping easier and more

personal while helping creative micro-entrepreneurs reach customers and grow their businesses in ways they

simply couldn't on their own. And as AI makes it easier to create, replicate, and sell products at scale, the

human touch that has always differentiated Etsy - in both our items and the shopping experience - matters more

than ever. We don't need to reinvent Etsy for an AI world. We need to get better at delivering on what has

always made us special. And AI gives us powerful new ways to do just that.

Showing up wherever shoppers discover: Thanks to our early-mover relationships and rich natural language

product feeds, Gen AI-powered shopping is an exciting and increasingly important discovery channel for Etsy,

introducing new shoppers to our unique inventory and reengaging existing buyers. Importantly, we're seeing

that shoppers who discover Etsy items through these platforms - often with high intent - continue to come to our

marketplace to explore further and complete their purchases. We believe this speaks to the strength of Etsy's

recognized and trusted brand and differentiated value proposition: when you're shopping for something

meaningful, personalized, or handcrafted, you want to understand more about the item and the person behind it

before you buy.

Making Etsy dramatically more personal: With more than 100 million seller listings (and many multiples more

after accounting for available variations), Etsy’s challenge has never been a lack of choice - it's helping each

shopper find what's uniquely right for them. With rich and expanding data on both our buyers and our inventory,

we’re well positioned to build on-site shopping assistants that understand buyers' tastes and intent more deeply

and connect them with the right items in even more powerful ways than off-site agents. Building on early

learnings from our Gifting Assistant beta - which I encourage you to try this holiday season! - we’re beginning to

test similar experiences for wedding shoppers. Harnessing this rapidly advancing technology to make Etsy feel

ever-more personal to every buyer is where I see our greatest opportunity over time.

We're also embedding AI throughout our business to help sellers spend less time on administrative work and

more time creating and connecting with customers, while enabling our own teams to move faster and solve

customer problems more effectively.

As we embrace these opportunities, we're equally focused on preserving the creativity, authenticity, and

trust that make Etsy different. We're making our policies clearer, strengthening enforcement, and deploying

product improvements to help ensure that AI supports human creativity rather than obscuring or replacing it. We

believe AI can amplify the creativity and human connections at the heart of Etsy, making our differentiation an

even more powerful competitive advantage and engine for long-term growth.

The Road Ahead

At our recent Etsy Up Close annual seller event in Brooklyn, I had the opportunity to spend time with sellers

who shared their hopes for their businesses, their questions, and honest feedback about their experience with

Etsy. I loved hearing the stories behind their shops and the passion they bring to their craft. It was a powerful

reminder of what makes Etsy so special - and it left me even more energized by the opportunity we have ahead

of us. You can see comments from some of our sellers, and photos from the event below.

As we head into the final stretch of 2026 and develop our growth plans for 2027 we have even greater

confidence that our priorities - together with the progress we’ve made in how we operate - are creating a

healthier, highly differentiated marketplace, and positioning us to capture more of the enormous opportunity

ahead. And perhaps what excites me most of all: we’re still early in realizing the full potential of the work we’ve

only just begun.

Sincerely,

Kruti Patel Goyal

Chief Executive Officer

October 28, 2026

Q3 2026 Financial Results

Etsy’s results of operations are presented on a continuing operations basis, while Depop is presented as a discontinued operation for all

periods presented through the closing date of July 30, 2026. The GMS drivers and key customer metrics presented below are for the Etsy

marketplace only.

Q3 2026 Etsy Marketplace GMS Drivers and Key Customer Metrics

Etsy marketplace GMS growth accelerated sequentially

Etsy marketplace GMS reached $2.6 billion in the third quarter, up 8.8% year-over-year, or 9.1% on a

currency-neutral basis. Excluding foreign exchange, growth accelerated by approximately 190 basis points

from the second quarter, marking the sixth consecutive quarter of sequential improvement in GMS growth and

reflecting the continuing operational progress we’ve made this year. GMS growth was broad-based across

U.S. and non-U.S. buyers, as well as across household income cohorts within the U.S. We saw strong

performance in both our App and Non-App GMS, up 10.4% and 7.5% year-over-year respectively, with mobile

GMS share stable with the first half of the year at about 47%.

Importantly, as our momentum has accelerated since the start of 2026, internal efforts to improve

marketplace health and further elevate Etsy’s differentiation are playing a larger role in the composition of

GMS growth:

•Active buyers returned to year-over-year growth for the first time in two years, increasing 1.0%

to approximately 88 million on a trailing-twelve-month basis. Sequential growth also accelerated, with

active buyers increasing by approximately 540,000 compared to Q2 2026. Third quarter gross buyer

additions grew 6.2% year-over-year, continuing to benefit from strong new buyer acquisition and

reactivation, while trailing-twelve-month retention among existing buyers also began to improve.

Habitual and repeat buyers increased modestly sequentially, providing encouraging evidence that

progress is broadening across acquisition, reactivation, and retention.

•GMS per buyer increased 3.9% year-over-year on a trailing-twelve-month basis, and

accelerated sequentially. The impact from our internal initiatives is continuing to scale and play an

increasing role in average order value while purchase frequency remains modestly down year-over-

year. The internal initiatives driving these trends include: 1) improving search relevance for buyers

through greater personalization built on richer buyer profiles and inventory insight, 2) promoting a

stronger selection of high-quality items by increasing the weight of quality signals within search and

recommendations, 3) better managing the prominence of physical versus digital items based on what

we can understand about buyer intent, and 4) differentiating our offering around special occasions

where people may be willing to pay a little more for just the right item. Looking forward, we aim to

grow wallet share by helping shoppers discover more of the unique, high-quality inventory on Etsy -

whether that translates into more valuable orders, more frequent purchases, or both.

Seller and buyer metrics continued to strengthen

Metrics presented below represent the Etsy marketplace only. Y/Y reflects Q3 2026 vs. Q3 2025, Q/Q reflects Q3 2026 vs. Q2 2026.

Q3 Merchandise Spotlight: Etsy continues to win for shopping occasions where our sellers offer

differentiated merchandise

Home and Living saw

strong growth, largely

driven by rugs, home decor

and home improvement;

meeting demand for ‘quality

for value’ and custom

solutions for buyers

Wedding-related items

delivered healthy GMS

gains, as we’ve expanded

email/push campaigns and

affiliate marketing activities

Strong growth in ‘back to

school’ items including the

launch of an exclusive

collection of custom and

monogrammed bedding

pieces from sellers

Our merchandising

programs bring Etsy's

storefront to life: showcasing

distinctive inventory,

incubating seller growth and

driving buyer value across

surfaces and channels

Q3 2026 Revenue and Take Rate Performance

Higher third quarter GMS drove strong revenue growth of 10.9% year-over-year. Total revenue reached

$692.5 million, with Marketplace and Services revenue both contributing to growth, increasing 9.1% and

15.0% respectively. Take rate was 26.2%, up 50 bps year-over-year, primarily driven by further enhancements

to Etsy Ads and, to a lesser extent, contribution from Offsite Ads. Etsy Ads is becoming an even more

effective tool for sellers to reach buyers, as improvements to our matching and ranking models increased ad

relevance and drove higher click-through and conversion rates, while better budget-pacing mechanisms

helped sellers direct their spend toward the most valuable opportunities. Offsite Ads also contributed, primarily

reflecting higher year-over-year paid marketing spend.

Digging in a bit on Etsy Ads, what distinguishes this service from other ecommerce advertising models is who

we serve and the value we create for them. The majority of Etsy Ads revenue comes from sellers with less

than $100,000 in annual GMS - solopreneurs and microbusinesses that are at the heart of Etsy, and who look

to us for support in being found by consumers. Accordingly, we continuously invest to improve the Etsy Ads

value proposition for sellers - which historically has come from improved matching quality and relevance,

reflecting more efficient utilization of existing ad space rather than increased ad load. We only deploy a

portion of sellers’ ad budgets today, and as the Etsy Ads engine becomes more efficient in the future, there is

significant unfulfilled demand for us to access at attractive rates of return for sellers. As new discovery

channels evolve, both organic and paid, we see significant opportunity to continue to develop advertising as a

service model to help buyers discover our sellers’ unique inventory, both on and off Etsy.

Q3 2026 Operating Expenses

Strong revenue growth, together with the impact of our restructuring in August, translated into adjusted

EBITDA of $210.4 million, growing 14.6% year-over-year and representing a 30.4% adjusted EBITDA margin.

Adjusted EBITDA grew faster than revenue for the second consecutive quarter and we remained disciplined

in managing operating expenses, while continuing to invest in areas that support Etsy’s long-term growth.

Marketing remained an important area of investment, and expense grew as a percentage of revenue year-

over-year as we leaned into driving profitable GMS growth. At the same time, structural improvements to our

marketing technology over the past year are making our investments more productive and efficient. On the

paid side, continued benefits of our product listing ad (“PLA”) segmentation work from earlier in the year

supported paid-search efficiency, creating room to invest further. We also expanded investment in paid social,

with increased spend on TikTok and YouTube and tests on new platforms such as Reddit and Snapchat, to

reach younger audiences. Across our marketing portfolio, the return on our spending increased meaningfully

year-over-year, a reflection of the progress made optimizing mix, increasing efficiency and landing the right

messages. We also continued to invest in organic search, including in emerging AI-driven channels, by

maintaining the quality and breadth of the underlying product data, feeds, and web content that help these

systems understand and recommend Etsy inventory.

Product Development expense remained consistent as a percentage of revenue year-over-year, as

restructuring charges were offset by lower stock-based compensation, as well as lower employee-related

expense following the restructuring. Looking ahead, we expect to sustain Etsy’s healthy adjusted EBITDA

profitability as we gradually add product and engineering headcount and capabilities to support long-term

growth.

Q3 26 Etsy Marketplace Operating Expenses

Product Development

Marketing

General & Administrative

1 See “Non-GAAP Financial Measures” below for a reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow for Q3 2026 and 2025.

Strong Cash Flow Generation and Continued Accelerated Share Repurchases

As of September 30, 2026, Etsy held $2.5 billion in cash, cash equivalents and short- and long-term

investments. Proceeds from the sale of Depop, which closed on July 30, 2026, contributed to our cash

balance at quarter end. Subsequently, on October 1, 2026, we paid $648.6 million in cash to settle the

remaining aggregate principal amount of our outstanding 2019 Notes and reduce the company’s total

outstanding debt.

We generated strong free cash flow during the quarter: net cash provided by operating activities of continuing

operations for the three months ended September 30, 2026 was $242.9 million, and we converted 112%1 of

our Adjusted EBITDA to free cash flow during the quarter. We further accelerated the return of capital to

shareholders, repurchasing approximately $394.6 million in stock and reducing the outstanding share count

by approximately 5.2 million shares during the third quarter alone. We currently have $2.2 billion in authorized

capacity for future share repurchases and anticipate continuing to repurchase shares at an accelerated rate to

further reduce the outstanding share count.

Fourth Quarter 2026 and Updated Full-Year Outlook for

Continuing Operations

With the sale of Depop, which has been classified as discontinued operations beginning in the first quarter of

2026, our outlook pertains to continuing operations only, or the Etsy marketplace. We currently assume that

overall macroeconomic factors remain relatively consistent, foreign currency is a modest growth headwind,

and prior-year comparisons become less favorable. Our outlook assumes currency exchange rates remain

unchanged at current spot levels.

Q4 26 Outlook

FY 26 Outlook

GMS

$3.46B to $3.52B

+5-7% Y/Y

~7%

Take Rate

~25.6%

~25.8%

Adjusted EBITDA

Margin

~30%

With respect to our outlook, a reconciliation of Adjusted EBITDA margin guidance to the closest

corresponding GAAP measure is not available without unreasonable efforts on a forward-looking basis due to

the high variability, complexity, and low visibility with respect to the charges excluded from Adjusted EBITDA;

in particular, stock-based compensation expense and related payroll taxes, provision for income taxes,

interest and other non-operating (income) expense, net, foreign exchange (gain) loss, acquisition, divestiture,

and corporate structure-related expenses, and other non-recurring expenses.

Webcast and Conference Call Information

Etsy will host a webcast conference call to discuss these results at 8:30 a.m. Eastern Time today, Wednesday,

October 28, which will be live-streamed via our Investor Relations website under the Events section.

A replay of the webcast will be available through the same link following the conference call starting at 12:00

p.m. Eastern Time today, for at least three months thereafter.

Cautionary Statement Regarding Forward-Looking

Statements

This shareholder letter contains or references forward-looking statements within the meaning of the federal

securities laws. Forward-looking statements include statements relating to our financial outlook for the fourth

quarter and full year of 2026, and the underlying assumptions; our strategy, growth, goals, and initiatives; our

advertising opportunities; our capital allocation and repurchase activity; the momentum of our customer-

centric priorities; the future impact of our strategic investments, including product and engineering headcount

and capabilities; our AI-related initiatives and the impact thereof; and the timing of any of the foregoing.

Forward-looking statements include all statements that are not historical facts. In some cases, forward-looking

statements can be identified by terms such as “aim,” “anticipate,” “believe,” “could,” “enable,” “estimate,”

“expect,” “goal,” “intend,” “may,” “optimistic,” “outlook,” “plan,” “potential,” “should,” “target,” “will,” or similar

expressions and derivative forms and/or the negatives of those words. Forward-looking statements involve

substantial risks, uncertainties and other important factors that may cause actual results to differ materially

from those that we expect. These risks and uncertainties include but are not limited to: (1) macroeconomic,

geopolitical, and other events outside of our control; (2) the level of demand for our services or products sold

in our marketplaces; (3) the importance to our success of the trustworthiness and safety of our marketplaces

and our ability to attract and retain active and engaged communities of buyers and sellers; (4) any real or

perceived inaccuracies in our operational metrics; (5) if we or our third-party providers are unable to protect

against technology vulnerabilities, service interruptions, security breaches, or other cyber incidents; (6) our

dependence on continued and unimpeded access to third-party services, platforms, and infrastructure; (7)

operational and compliance risks related to our payments systems; (8) the global scope of our business; (9)

our ability to recruit and deploy talent effectively; (10) our ability to compete effectively; (11) our ability to

improve the customer experience for buyers and sellers, including through new products and features and our

advertising offerings, and to respond to their changing needs; (12) risks related to our environmental, social,

and governance activities and disclosures; (13) barriers to international trade and our efforts to grow our

marketplace globally; (14) acquisitions, dispositions, or strategic partnerships that may prove unsuccessful or

divert management attention; (15) our ability to deal effectively with fraud or other illegal activity increasingly

amplified by advances in AI; and (16) litigation and evolving global legal and regulatory requirements,

including privacy and data protection laws, tax laws, product liability laws, laws regulating speech and

platform moderation, antitrust laws, and intellectual property and counterfeiting regulations. These and other

risks, uncertainties and other important factors are more fully described in our filings with the Securities and

Exchange Commission, including in the section entitled “Risk Factors” in our most recent periodic report, and

in subsequent reports that we file with the Securities and Exchange Commission. Moreover, we operate in a

very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for

our management to predict all risks, nor can we assess the impact of all factors on our business or the extent

to which any factor, or combination of factors, may cause actual results to differ materially from those

contained in any forward-looking statements we may make. In light of these risks, uncertainties, and

assumptions, we cannot guarantee future results, levels of activity, performance, achievements, or events and

circumstances reflected in the forward-looking statements will occur. Forward-looking statements represent

our beliefs and assumptions only as of the date of this shareholder letter. We disclaim any obligation to

update forward-looking statements.

Third Quarter 2026 Financial Summary

(in thousands, except percentages; unaudited)

Our key operating and financial metrics for continuing operations (which excludes Depop’s results, as Depop

is presented as discontinued operations through the Closing Date) are presented in the tables below. Due to

the sale of Reverb on June 2, 2025, continuing operations for the nine months ended September 30, 2025

includes Etsy marketplace and Reverb marketplace until the date of sale, while all other periods reflect the

Etsy marketplace only. This makes year-over-year continuing operations results not directly comparable for

the nine months ended September 30, 2026 and 2025, while the three months ended September 30, 2026

and 2025 are directly comparable. To provide investors with a meaningful basis for comparing our results

year-over-year, we have presented Etsy marketplace results for the nine months ended September 30, 2025

below. Our calculation of trailing twelve months free cash flow includes activity for combined continuing and

discontinued operations. See “Non-GAAP Financial Measures” for a reconciliation of our non-GAAP financial

measures (Etsy marketplace financial metrics, Adjusted EBITDA, Adjusted EBITDA margin, and free cash

flow) to the most directly comparable GAAP financial measures.

Our key operating and financial metrics are (in thousands, except percentages):

Three Months Ended

September 30,

% Growth

(Decline)

Y/Y

2026

2025

Continuing

Operations

Continuing

Operations

GMS (1)

$2,646,888

$2,432,587

8.8%

Revenue

$692,469

$624,153

10.9%

Revenue take rate (2)

26.2%

25.7%

50 bps

Marketplace revenue

$468,143

$429,081

9.1%

Services revenue

$224,326

$195,072

15.0%

Gross profit

$503,145

$457,923

9.9%

Operating expenses

$391,712

$346,918

12.9%

Net income

$113,637

$104,596

8.6%

Net income margin

16.4%

16.8%

(40) bps

Adjusted EBITDA (Non-GAAP)

$210,364

$183,607

14.6%

Adjusted EBITDA margin (Non-GAAP)

30.4%

29.4%

100 bps

Nine Months Ended

September 30,

% Growth /

(Decline)

Y/Y for

Continuing

Operations

% Growth Y/Y

for the Etsy

Marketplace

(Non-GAAP) (3)

2026

2025

Continuing

Operations

Continuing

Operations

Etsy

Marketplace

(Non-GAAP)

GMS (1)

$7,689,975

$7,549,052

$7,167,704

1.9%

7.3%

Revenue

$1,992,059

$1,865,488

$1,822,252

6.8%

9.3%

Revenue take rate (2)

25.9%

24.7%

25.4%

120 bps

50 bps

Marketplace revenue

$1,356,990

$1,292,343

$1,256,763

5.0%

8.0%

Services revenue

$635,069

$573,145

$565,489

10.8%

12.3%

Gross profit

$1,442,788

$1,362,834

$1,341,037

5.9%

7.6%

Operating expenses

$1,086,241

$1,161,602

$1,031,475

(6.5)%

5.3%

Net income

$332,638

$115,147

$223,393

188.9%

48.9%

Net income margin

16.7%

6.2%

12.3%

1,050 bps

440 bps

Adjusted EBITDA (Non-GAAP)

$590,433

$527,427

$521,848

11.9%

13.1%

Adjusted EBITDA margin (Non-GAAP)

29.6%

28.3%

28.6%

130 bps

100 bps

(1)Excluded from the tables above is gross merchandise sales (“GMS”) for Depop, which was $199.8 million and $292.1 million for the

three months ended September 30, 2026 and 2025, respectively, and $1,004.4 million and $775.2 million for the nine months ended

September 30, 2026 and 2025, respectively.

(2)Revenue take rate is revenue divided by GMS.

(3)% growth Y/Y for the Etsy marketplace is the change in continuing operations for the nine months ended September 30, 2026, which

represents activity for the Etsy marketplace only, compared to the Etsy marketplace excluding Reverb for the nine months ended

September 30, 2025, as Reverb was sold in the second quarter of 2025.

As of September 30,

% Decline Y/Y

2026

2025

Continuing

and

Discontinued

Operations

Continuing

and

Discontinued

Operations

Net cash provided by operating activities - trailing twelve months

$598,110

$691,249

(13.5)%

Free cash flow - trailing twelve months (Non-GAAP)

$557,125

$635,357

(12.3)%

Etsy, Inc.

Condensed Consolidated Balance Sheets

(in thousands; unaudited)

As of

September 30,

2026

As of

December 31,

2025

Assets

Current assets:

Cash and cash equivalents

$2,065,658

$1,355,428

Short-term investments

245,043

224,088

Accounts receivable, net

8,947

8,690

Prepaid and other current assets

64,149

113,953

Funds receivable and seller accounts

219,559

205,002

Current assets of discontinued operations

—

53,822

Total current assets

2,603,356

1,960,983

Restricted cash

8,054

8,524

Property and equipment, net

195,566

205,552

Goodwill

37,280

38,067

Intangible assets, net

10,891

14,511

Deferred tax assets

119,629

119,051

Long-term investments

150,392

134,376

Other assets

42,508

38,964

Noncurrent assets of discontinued operations

—

307,226

Total assets

$3,167,676

$2,827,254

Liabilities and Stockholders' Deficit

Current liabilities:

Accounts payable

$19,612

$27,732

Accrued expenses

288,224

342,200

Short-term debt, net

1,298,793

649,008

Funds payable and amounts due to sellers

219,559

205,002

Deferred revenue

35,011

27,049

Other current liabilities

55,048

60,354

Current liabilities of discontinued operations

—

52,274

Total current liabilities

1,916,247

1,363,619

Finance lease obligations—net of current portion

92,134

93,482

Deferred tax liabilities

11,140

8,808

Long-term debt, net

1,688,345

2,333,230

Other liabilities

137,646

125,103

Noncurrent liabilities of discontinued operations

—

1,107

Total liabilities

3,845,512

3,925,349

Total stockholders’ deficit

(677,836)

(1,098,095)

Total liabilities and stockholders’ deficit

$3,167,676

$2,827,254

Etsy, Inc.

Condensed Consolidated Statements of Operations

(in thousands, except per share amounts; unaudited)

Three Months Ended

September 30,

Nine Months Ended

September 30,

2026

2025

2026

2025

Revenue

$692,469

$624,153

$1,992,059

$1,865,488

Cost of revenue

189,324

166,230

549,271

502,654

Gross profit

503,145

457,923

1,442,788

1,362,834

Operating expenses:

Marketing

207,002

173,369

572,169

536,279

Product development

110,781

99,766

310,754

299,902

General and administrative

73,929

73,783

203,318

223,718

Asset impairment charge

—

101,703

Total operating expenses

391,712

346,918

1,086,241

1,161,602

Income from operations

111,433

111,005

356,547

201,232

Other income (expense), net

17,268

9,145

36,385

(26,764)

Income from continuing operations before income taxes

128,701

120,150

392,932

174,468

Provision for income taxes from continuing operations

(15,064)

(15,554)

(60,294)

(59,321)

Net income from continuing operations

113,637

104,596

332,638

115,147

Discontinued operations:

Income (loss) from discontinued operations before

income taxes (including gain on sale of $839.7 million in

the three and nine months ended September 30, 2026)

740,594

(28,065)

544,016

(64,556)

(Provision) benefit for income taxes from discontinued

operations

(714)

(1,028)

(107)

1,656

Net income (loss) from discontinued operations

739,880

(29,093)

543,909

(62,900)

Net income

$853,517

$75,503

$876,547

$52,247

Basic net income from continuing operations per share

attributable to common stockholders

$1.25

$1.05

$3.53

$1.11

Total basic net income per share attributable to common

stockholders

$9.37

$0.76

$9.30

$0.50

Diluted net income from continuing operations per share

attributable to common stockholders

$1.00

$0.86

$2.84

$0.98

Total diluted net income per share attributable to common

stockholders

$7.31

$0.63

$7.36

$0.47

Weighted-average common shares outstanding:

Basic

91,099

99,334

94,273

103,660

Diluted

117,235

124,957

120,441

124,024

Etsy, Inc.

Condensed Consolidated Statements of Cash Flows

(in thousands; unaudited)

Nine Months Ended

September 30,

2026

2025

Cash flows from operating activities

Net income

$876,547

$52,247

Less: Net income (loss) from discontinued operations

543,909

(62,900)

Net income from continuing operations

332,638

115,147

Adjustments to reconcile net income from continuing operations to net cash provided

by operating activities:

Stock-based compensation expense

149,852

164,224

Depreciation and amortization expense

46,603

45,086

Provision for expected credit losses

4,586

7,100

Deferred provision for income taxes

2,933

21,274

Asset impairment charge

—

101,703

Other non-cash (income) expense, net

(12,783)

35,549

Changes in operating assets and liabilities (net of impact of sale of business)

(12,536)

(95,204)

Net cash provided by operating activities of continuing operations

511,293

394,879

Net cash used in operating activities of discontinued operations

(230,307)

(18,589)

Net cash provided by operating activities

280,986

376,290

Cash flows from investing activities

Purchases of property and equipment

(4,122)

(13,891)

Website and app development

(19,994)

(26,315)

Purchases of investments

(255,768)

(251,091)

Sales and maturities of investments

219,112

227,563

Proceeds from sale of business, net of cash sold

—

100,485

Net cash (used in) provided by investing activities of continuing operations

(60,772)

36,751

Net cash provided by (used in) investing activities of discontinued operations

1,302,813

(5,222)

Net cash provided by investing activities

1,242,041

31,529

Cash flows from financing activities

Payment of tax obligations on vested equity awards

(66,349)

(42,526)

Repurchase of stock

(789,432)

(643,670)

Proceeds from exercise of stock options

14,934

15,331

Proceeds from issuance of convertible senior notes

—

700,000

Payment of debt issuance costs

—

(11,339)

Payments on finance lease obligations

(3,192)

(4,594)

Other financing, net

250

(17,784)

Net cash used in financing activities

(843,789)

(4,582)

Effect of exchange rate changes on cash, cash equivalents, and restricted cash

(9,886)

36,487

Net increase in cash, cash equivalents, and restricted cash

669,352

439,724

Cash, cash equivalents, and restricted cash at beginning of period

1,404,360

811,178

Cash, cash equivalents, and restricted cash at end of period

$2,073,712

$1,250,902

Currency-Neutral GMS

We calculate currency-neutral GMS by translating current period GMS for goods sold that were listed in non-

U.S. dollar currencies into U.S. dollars using prior year foreign currency exchange rates.

As reported and currency-neutral GMS growth (decline) for the periods presented below are as follows:

2026

2025

As Reported

Currency-

Neutral

FX Impact

As Reported

Currency-

Neutral

FX Impact

Three months ended September 30,

GMS - Continuing operations

8.8%

9.1%

(0.3)%

(10.1)%

(10.8)%

0.7%

Nine months ended September 30,

GMS - Continuing operations

1.9%

1.3%

0.6%

(8.8)%

(9.1)%

0.3%

GMS - Etsy marketplace (1)

7.3%

6.7%

0.6%

(5.6)%

(5.9)%

0.3%

(1)As reported and currency-neutral GMS for the Etsy marketplace declined (2.4)% and (3.2)%, respectively, for the three months

ended September 30, 2025. This resulted in an FX impact of 0.8%.

Non-GAAP Financial Measures

Other Key Financial Metrics

(in thousands, except percentages; unaudited)

Given the sale of Depop on July 30, 2026, Etsy results are presented on a continuing operations basis, while

Depop results are reported as discontinued operations across all periods presented through the Closing Date.

Due to the sale of Reverb on June 2, 2025, continuing operations for the nine months ended September 30,

2025 includes Etsy marketplace and Reverb marketplace through the date of sale, while all other periods

reflect the Etsy marketplace only. This makes year-over-year continuing operations results not directly

comparable for the nine months ended September 30, 2026 and 2025, while the three months ended

September 30, 2026 and 2025 are directly comparable.

To provide investors with a meaningful basis for comparing our ongoing operating results year-over-year, we

have presented certain Etsy marketplace financial measures for the nine months ended September 30, 2025

in this Shareholder Letter. These measures include the following non-GAAP financial measures for the nine

months ended September 30, 2025 where we exclude the impact of Reverb: (1) Revenue and Revenue take

rate, (2) Marketplace revenue, (3) Services revenue, (4) Gross profit, (5) Operating expenses, (6) Net income

(loss) and Net income (loss) margin, and (7) Adjusted EBITDA and Adjusted EBITDA margin.

Management believes that presenting these Etsy marketplace non-GAAP financial measures is useful to

investors because they:

•provide a clearer, normalized baseline to evaluate the organic growth, financial performance, and

underlying trends of our remaining Etsy marketplace business;

•facilitate more direct year-over-year comparisons of our continuing operations by removing the impact

of the divested Reverb marketplace; and

•align with how management evaluates the performance of the business, allocates resources, and sets

internal operational targets moving forward.

These non-GAAP financial measures have limitations as analytical tools and should not be considered in

isolation, or as a substitute for, financial information prepared in accordance with GAAP. Furthermore, our

calculation of these non-GAAP measures may differ from similarly titled measures reported by other

companies. A reconciliation of these non-GAAP measures to the most directly comparable GAAP measures is

provided in the following tables:

Nine Months Ended September 30, 2025

Continuing

Operations

(As Reported)

Less: Reverb

Marketplace

Etsy Marketplace

(Non-GAAP)

Revenue

$1,865,488

$43,236

$1,822,252

Revenue take rate

24.7%

11.3%

25.4%

Marketplace revenue

$1,292,343

$35,580

$1,256,763

Services revenue

$573,145

$7,656

$565,489

Gross profit

$1,362,834

$21,797

$1,341,037

Operating expenses

$1,161,602

$130,127

$1,031,475

Net income (loss)

$115,147

$(108,246)

$223,393

Net income (loss) margin

6.2%

(250.4)%

12.3%

Reconciliation of Net Income (Loss) to Adjusted EBITDA and the

Calculation of Adjusted EBITDA Margin

(in thousands, except percentages; unaudited)

Adjusted EBITDA represents our net income (loss) adjusted to exclude: stock-based compensation expense

and related payroll taxes; depreciation and amortization expense; provision for income taxes; interest and

other non-operating (income) expense, net; foreign exchange (gain) loss; restructuring and other exit costs;

acquisition, divestiture, and corporate structure-related expenses; asset impairment charge; loss on sale of

business; and retroactive non-income tax income. The following tables reflect the reconciliation of net income

(loss) to Adjusted EBITDA as well as the calculation of Adjusted EBITDA margin for continuing operations, the

Etsy marketplace, and the Reverb marketplace for the periods indicated:

Three Months Ended

September 30,

2026

2025

Continuing

Operations

Continuing

Operations

Net income

$113,637

$104,596

Excluding:

Stock-based compensation expense and related payroll taxes (1)

47,941

56,521

Depreciation and amortization expense

16,059

13,299

Provision for income taxes

15,064

15,554

Interest and other non-operating income, net

(12,768)

(7,680)

Foreign exchange gain

(3,433)

(548)

Restructuring and other exit costs

33,864

1,883

Acquisition, divestiture, and corporate structure-related expenses

—

(18)

Adjusted EBITDA

$210,364

$183,607

Divided by:

Revenue

$692,469

$624,153

Adjusted EBITDA margin

30.4%

29.4%

Nine Months Ended

September 30,

2026

2025

Continuing

Operations

Continuing

Operations

(As Reported)

Less: Reverb

Marketplace

Etsy

Marketplace

(Non-GAAP)

Net income (loss)

$332,638

$115,147

$(108,246)

$223,393

Excluding:

Stock-based compensation expense and related payroll taxes (1)

158,303

169,542

3,035

166,507

Depreciation and amortization expense

46,603

45,086

5,078

40,008

Provision for income taxes

60,294

59,321

109

59,212

Interest and other non-operating (income) expense, net

(25,609)

(17,521)

380

(17,901)

Foreign exchange (gain) loss

(9,699)

40,424

(573)

40,997

Restructuring and other exit costs

33,864

1,480

—

1,480

Acquisition, divestiture, and corporate structure-related expenses

7,148

4,093

3,055

Asset impairment charge

—

101,703

—

Loss on sale of business

—

5,097

—

5,097

Retroactive non-income tax income

(6,036)

—

Adjusted EBITDA

$590,433

$527,427

$5,579

$521,848

Divided by:

Revenue

$1,992,059

$1,865,488

$43,236

$1,822,252

Adjusted EBITDA margin

29.6%

28.3%

12.9%

28.6%

(1)Stock-based compensation expense included in continuing operations in the Condensed Consolidated Statements of Operations for

the periods presented below is as follows:

Three Months Ended

September 30,

Nine Months Ended

September 30,

2026

2025

2026

2025

Cost of revenue

$3,970

$5,962

$14,532

$19,623

Marketing

3,441

4,063

10,911

8,627

Product development

21,980

29,921

75,650

90,146

General and administrative

16,314

15,179

48,759

45,828

Stock-based compensation expense

$45,705

$55,125

$149,852

$164,224

Reconciliation of Net Cash Provided by Operating Activities to Free Cash

Flow

(in thousands; unaudited)

Free cash flow represents our net cash provided by operating activities, reduced by purchases of property

and equipment and website and app development that are included in cash flows from investing activities.

The following table reflects the reconciliation of operating activities to free cash flow for combined continuing

and discontinued operations on a trailing twelve month basis (in thousands):

As of September 30,

2026

2025

Continuing and

Discontinued

Operations

Continuing and

Discontinued

Operations

Net cash provided by operating activities

$598,110

$691,249

Purchases of property and equipment

(5,519)

(18,154)

Website and app development

(35,466)

(37,738)

Free cash flow

$557,125

$635,357

The following table reflects the reconciliation of operating activities to free cash flow for continuing operations

(in thousands):

Three Months Ended September 30,

2026

2025

Net cash provided by operating activities

$242,852

$226,067

Purchases of property and equipment

(1,404)

(3,790)

Website and app development

(5,079)

(7,997)

Free cash flow

$236,369

$214,280

EX-99.2

Filename: exhibit992102829.htm · Sequence: 3

Document

Exhibit 99.2

Etsy Announces Leadership Transition

Lanny Baker, Chief Financial Officer, will depart the Company in 2027

Brooklyn, N.Y., October 28, 2026 – Etsy, Inc. (NYSE: ETSY), which operates the Etsy marketplace that connects millions of passionate and creative buyers and sellers around the world, today announced that Chief Financial Officer Lanny Baker will depart from the Company effective March 1, 2027 to pursue opportunities outside of Etsy. Following that date, Baker is currently expected to continue as an advisor through July 1, 2027 to assist with the transition. The Company has retained an executive recruiting firm to assist in the search for his successor, who is expected to be based in New York.

Kruti Patel Goyal, Etsy’s Chief Executive Officer, commented, “Lanny has been an exceptional partner since we began working together in early 2025. I’m grateful for his leadership, sound judgment, and the important contributions he and his team have made toward executing our priorities and improving performance. He'll leave Etsy with stronger momentum for the future, and I wish him all the best."

Baker commented, “It’s been a privilege to serve as Etsy’s CFO for the last two years, and I’m proud of the significant progress we have made reigniting growth and further deepening our strong financial foundation. I have great confidence in our highly differentiated marketplace as well as Kruti and the executive team’s ability to create sustained performance. We will work closely together on a seamless transition to a new CFO in 2027.”

About Etsy

Etsy, Inc. owns and operates the Etsy marketplace, the global destination for unique and creative goods, connecting millions of creative entrepreneurs with buyers around the world. In a time of increasing automation, it's our mission to keep human connection at the heart of commerce. That's why we built a place where creativity lives and thrives because it's powered by people. We help our community of sellers turn their ideas into successful businesses. Our platform connects them with millions of buyers looking for an alternative—something special with a human touch, for those moments in life that deserve imagination.

Etsy was founded in 2005 and is headquartered in Brooklyn, New York.

Etsy has used, and intends to continue using, its Investor Relations website and the Etsy News Blog (etsy.com/news) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website and the Etsy News Blog in addition to following our press releases, SEC filings, and public conference calls and webcasts.

Investor Relations Contact:

ir@etsy.com

Media Relations Contact:

press@etsy.com

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v3.26.3

Cover Page

Oct. 23, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Oct. 23, 2026

Entity Registrant Name

ETSY, INC.

Entity Incorporation, State or Country Code

Entity File Number

001-36911

Entity Tax Identification Number

20-4898921

Entity Address, Address Line One

117 Adams Street

Entity Address, City or Town

Brooklyn

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11201

City Area Code

718

Local Phone Number

880-3660

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Title of 12(b) Security

Common Stock, $0.001 par value per share

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ETSY

Security Exchange Name

NYSE

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