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Etsy Valuation Multiples
Discover revenue and EBITDA valuation multiples for Etsy and similar public comparables like CTS Eventim, carsales.com, Delivery Hero, BOSS Zhipin and more.
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
Sectors
Financials (LTM)
EV
$8B
Etsy Financials
Etsy reported last 12-month revenue of $3B and EBITDA of $752M.
In the same LTM period, Etsy generated $2B in gross profit, $752M in EBITDA, and $231M in net income.
Revenue (LTM)
Etsy P&L
In the most recent fiscal year, Etsy reported revenue of $3B and EBITDA of $367M.
Etsy expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 72% | XXX | 72% | XXX | XXX | XXX |
| EBITDA | $752M | XXX | $367M | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $231M | XXX | $163M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Etsy Stock Performance
Etsy has current market cap of $7B, and enterprise value of $8B.
Market Cap Evolution
Etsy's stock price is $69.60.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8B | $7B | 10.1% | XXX | XXX | XXX | $1.71 |
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Start Free TrialEtsy Valuation Multiples
Etsy trades at 2.9x EV/Revenue multiple, and 11.0x EV/EBITDA.
EV / Revenue (LTM)
Etsy Financial Valuation Multiples
As of April 30, 2026, Etsy has market cap of $7B and EV of $8B.
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 28.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV/Revenue | 2.9x | XXX | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | 11.0x | XXX | 22.5x | XXX | XXX | XXX |
| EV/EBIT | 25.1x | XXX | 22.5x | XXX | XXX | XXX |
| EV/Gross Profit | 4.0x | XXX | 4.0x | XXX | XXX | XXX |
| P/E | 28.6x | XXX | 40.6x | XXX | XXX | XXX |
| EV/FCF | 12.9x | XXX | 12.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Etsy Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Etsy Margins & Growth Rates
Etsy's revenue in the last 12 month declined by (2%).
Etsy's revenue per employee in the last FY averaged $1.2M, while opex per employee averaged $0.7M for the same period.
Etsy Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (2%) | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | (31%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 31% | XXX | 32% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | 12% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 13% | XXX | 16% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 59% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Etsy Public Comps
See public comps and valuation multiples for other Consumer Marketplaces comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Etsy | XXX | XXX | XXX | XXX | XXX | XXX |
| CTS Eventim | XXX | XXX | XXX | XXX | XXX | XXX |
| carsales.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Delivery Hero | XXX | XXX | XXX | XXX | XXX | XXX |
| BOSS Zhipin | XXX | XXX | XXX | XXX | XXX | XXX |
| Talabat | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
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).
Latest Acquisitions by Etsy
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialEtsy 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).
Latest Investments by Etsy
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Etsy
| When was Etsy founded? | Etsy was founded in 2006. |
| Where is Etsy headquartered? | Etsy is headquartered in United States. |
| How many employees does Etsy have? | As of today, Etsy has over 2K employees. |
| Is Etsy publicly listed? | Yes, Etsy is a public company listed on NYSE. |
| What is the stock symbol of Etsy? | Etsy trades under ETSY ticker. |
| When did Etsy go public? | Etsy went public in 2015. |
| Who are competitors of Etsy? | Etsy main competitors are CTS Eventim, carsales.com, Delivery Hero, BOSS Zhipin. |
| What is the current market cap of Etsy? | Etsy's current market cap is $7B. |
| What is the current revenue of Etsy? | Etsy's last 12 months revenue is $3B. |
| What is the current revenue growth of Etsy? | Etsy revenue growth (NTM/LTM) is (2%). |
| What is the current EV/Revenue multiple of Etsy? | Current revenue multiple of Etsy is 2.9x. |
| Is Etsy profitable? | Yes, Etsy is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Etsy? | Etsy's last 12 months EBITDA is $752M. |
| What is Etsy's EBITDA margin? | Etsy's last 12 months EBITDA margin is 26%. |
| What is the current EV/EBITDA multiple of Etsy? | Current EBITDA multiple of Etsy is 11.0x. |
| What is the current FCF of Etsy? | Etsy's last 12 months FCF is $641M. |
| What is Etsy's FCF margin? | Etsy's last 12 months FCF margin is 23%. |
| What is the current EV/FCF multiple of Etsy? | Current FCF multiple of Etsy is 12.9x. |
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