---
schema_version: "secwatch.filing_event.v1"
accession: "0001370637-25-000064"
form_type: "8-K"
ticker: "ETSY"
cik: "0001370637"
company_name: "ETSY INC"
filed_at: "2025-07-30T23:59:59+00:00"
generated_at: "2026-05-17T22:55:53.214658+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Etsy Q2 revenue $672.7M (+3.8% YoY), net income $28.8M; GMS down 4.8%; Q3 guidance issued

## Summary
- Revenue $672.7M (+3.8% YoY), net income $28.8M (down 45.6% YoY); non-GAAP EBITDA $169.0M (margin 25.1%).
- Consolidated GMS $2.8B (-4.8% YoY); Etsy marketplace GMS $2.4B (-5.4% YoY); Depop GMS $249.6M (+35.3% YoY).
- Sold Reverb on June 2, 2025; completed $700M convertible note private placement; repurchased $335M of stock in Q2.
- Active buyers 87.3M (-4.6% YoY); GMS per active buyer $120 on TTM, stable sequentially.
- Q3 guidance: GMS $2.6B-$2.7B, take rate ~24.5%, adjusted EBITDA margin ~25%.

## SEC filing metadata
- accession: 0001370637-25-000064
- form_type: 8-K
- ticker: ETSY
- cik: 0001370637
- company_name: ETSY INC
- filed_at: 2025-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370637/000137063725000064/0001370637-25-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370637/000137063725000064/etsy-20250730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001370637-25-000064
- JSON: https://secwatch.observer/filing/0001370637-25-000064.json
- Plain text: https://secwatch.observer/filing/0001370637-25-000064.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.