Company / R&D Expense
Etsy R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$450.2M
FY2025
5-year range
$271.5M / $469.3M
FY2021-FY2025
Trend
+1.6%
vs FY2024
Sector context
#11 of 54
Consumer Discretionary
What the data says
Etsy's r&d expense of $450M is higher than 80% of companies in the Consumer Discretionary sector (FY2025). Declined from $469M to $450M over the past 2 years.
Based on SEC 10-K filings.
$450M in FY2025 with a 5-year CAGR of +20.1%. Top quartile in the Consumer Discretionary sector.
Declined from $469M to $450M over the past 2 years.
Consumer Discretionary sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +3.0%
- 5-Year CAGR
- +20.1%
- 10-Year CAGR
- -
Sector benchmark
Top 20% in Consumer DiscretionaryTop 20% of 54This company $450.2M Sector average $618.8M
▼
-27.3% below sector average
Key checks
Key Insights
- 5-year CAGR of +20.1%, indicating consistent growth.
- In FY2025, r&d expense increased 1.6% year-over-year.
- Ranks #11 out of 54 companies in the Consumer Discretionary sector.
- Peak r&d expense was recorded in FY2023.
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 | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $450.2M | +1.6% |
| FY2024 | $443.1M | -5.6% |
| FY2023 | $469.3M | +13.8% |
| FY2022 | $412.4M | +51.9% |
| FY2021 | $271.5M | +50.8% |
| FY2020 | $180.1M | +47.8% |
| FY2019 | $121.9M | +25.3% |
| FY2018 | $97.2M | +30.3% |
| FY2017 | $74.6M | +103.7% |
| FY2016 | $36.6M | +33.0% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026