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Etsy (ETSY) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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Etsy (ETSY - Free Report) reported $668.31 million in revenue for the quarter ended June 2026, representing a year-over-year decline of 0.7%. EPS of $1.34 for the same period compares to $0.25 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $649.7 million, representing a surprise of +2.87%. The company delivered an EPS surprise of +14.53%, with the consensus EPS estimate being $1.17.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Etsy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Total GMS: $2.58 million versus $2.51 million estimated by eight analysts on average.
  • Active buyers: 86,969 versus 87,258 estimated by six analysts on average.
  • Revenue- Services: $212.24 million compared to the $205.71 million average estimate based on seven analysts. The reported number represents a change of +3.8% year over year.
  • Revenue- Marketplace: $456.07 million compared to the $441.18 million average estimate based on seven analysts. The reported number represents a change of -2.6% year over year.

View all Key Company Metrics for Etsy here>>>

Shares of Etsy have returned +11.4% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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