Etsy — Q3 2026 Earnings Summary

Etsy reported third-quarter 2026 results showing an 8.8% year-over-year increase in Gross Merchandise Sales to over $2.6 billion and revenue growth of 10.9% to $692 million. The company achieved an adjusted EBITDA margin of 30.4%, driven by improved take rates and disciplined expense management, while active buyers grew for the first time in two years. Following the sale of Depop in July 2026, the business is focused on its core marketplace, leveraging AI to enhance personalization and seller tools. Looking ahead, Etsy projects fourth-quarter GMS between $3.46 billion and $3.52 billion, with a full-year adjusted EBITDA margin target of approximately 30%.