Company / Gross Margin
Etsy Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
71.6%
FY2025
5-year range
69.8% / 72.4%
FY2021-FY2025
Trend
-1.1%
vs FY2024
Sector context
#4 of 120
Consumer Discretionary
What the data says
Among 120 Consumer Discretionary companies, Etsy is in the top 3% for gross margin. Gross Margin has fluctuated over the past 10 years, ranging from 62.4% in FY2016 to 73.1% in FY2020.
Based on SEC 10-K filings.
71.6% in FY2025 with a 5-year CAGR of -1.4%. Top quartile in the Consumer Discretionary sector.
Improved from 69.8% to 71.6% over the past 2 years.
Consumer Discretionary sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +0.7pp
- 5-Year Change
- -1.4pp
- 10-Year Change
- -
Sector benchmark
Top 3% in Consumer DiscretionaryTop 3% of 120This company 71.6% Sector average 36.2%
▼
+98.1% above sector average
Key checks
Key Insights
- In FY2025, gross margin decreased 1.1% year-over-year.
- Currently 35.5pp above the Consumer Discretionary sector average.
- Peak gross margin was recorded in FY2020.
- Lowest gross margin in the period was in FY2016.
Company context
Key Data Points
- Altman Z-Score 0.62 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 71.6% | -1.1% |
| FY2024 | 72.4% | +3.7% |
| FY2023 | 69.8% | -1.6% |
| FY2022 | 71.0% | -1.3% |
| FY2021 | 71.9% | -1.6% |
| FY2020 | 73.1% | +9.3% |
| FY2019 | 66.9% | -2.2% |
| FY2018 | 68.4% | +4.0% |
| FY2017 | 65.8% | +5.5% |
| FY2016 | 62.4% | +0.9% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026