Etsy Valuation Multiples

Etsy Overview

About Etsy

Etsy operates a top-10 e-commerce marketplace in the US and the UK, with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $12.5 billion in 2024 consolidated gross merchandise volume, Etsy has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. The firm connects about 95 million buyers and 8 million sellers on its marketplace properties: Etsy and Depop (clothing resale).

Founded

2006

HQ

Employees

2.4K

Website

etsy.com

Sectors

Consumer Marketplaces

Financials (LTM)

Revenue: $3B

EBITDA: $744M

EV

$7B

Valuation Multiples

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Etsy Financials

Etsy reported last 12-month revenue of $3B and EBITDA of $744M.

In the same LTM period, Etsy generated $2B in gross profit, $744M in EBITDA, and $204M in net income.

Etsy P&L

In the most recent fiscal year, Etsy reported revenue of $3B and EBITDA of $734M.

Etsy expects next 12-month revenue of XXX and NTM EBITDA of XXX

Etsy Stock Performance

Etsy has current market cap of $5B, and enterprise value of $7B.

Etsy's stock price is $53.97.

Etsy Valuation Multiples

Etsy trades at 2.4x EV/Revenue multiple, and 9.3x EV/EBITDA.

Etsy Financial Valuation Multiples

As of March 16, 2026, Etsy has market cap of $5B and EV of $7B.

Equity research analysts estimate Etsy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Etsy has a P/E ratio of 26.1x.

Etsy Margins & Growth Rates

Etsy's revenue in the last 12 month declined by (3%).

Etsy's revenue per employee in the last FY averaged $1.2M.

Etsy's rule of 40 is 23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Etsy's rule of X is 18% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Etsy Public Comps

See public comps and valuation multiples for other Consumer Marketplaces comps.

Etsy M&A Activity

Etsy acquired XXX companies to date.

Last acquisition by Etsy was on XXXXXXXX, XXXXX. Etsy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Etsy Investment Activity

Etsy invested in XXX companies to date.

Etsy made its latest investment on XXXXXXXX, XXXXX. Etsy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).