Earnings Releases·Oct 28, 2026, 7:07 AM ET

Etsy — Q3 2026 Earnings Summary

**Financial Results:** Q3 2026 GMS reached $2.6 billion (up 8.8% YoY) and total revenue rose 10.9% YoY to $692.5 million; Net income increased 8.6% YoY to $113.6 million, while Adjusted EBITDA grew 14.6% YoY to $210.4 million with a 30.4% margin.
**Guidance Outlook:** Full-year 2026 GMS is projected to grow approximately 7%, with Q4 GMS guidance set between $3.46 billion and $3.52 billion (5-7% YoY growth); full-year and Q4 Adjusted EBITDA margins are guided at approximately 30%.
**Strategic Milestones:** The company completed the sale of Depop on July 30, 2026, and settled $648.6 million in 2019 Notes on October 1, 2026; Q3 included $394.6 million in stock repurchases, leaving $2.2 billion in remaining authorized capacity.
**Operational Growth:** Active buyers grew 1.0% YoY to 88 million, marking the first annual growth in two years, while GPS per active buyer rose 3.9% driven by personalization and search improvements.