- ETSY
- 29 April 2026 16:02:24
Source: Sharecast
Marketplace GMS totalled $2.5bn over the first three months of 2026, up 5.5% over last year, picking up from the 2.4% growth seen in the fourth quarter.
The acceleration in GMS growth was driven by higher spend per buyer, and a small improvement in active buyers than the fourth quarter to 86.6m, though down on last year. GMS per active buyer rose year-on-year for the first time since late-2022.
"Given our focus to make the mobile app our premier shopping experience, it is encouraging to see further acceleration in its GMS growth, with app share of the total continuing to climb. This is important, as app users consistently visit more often, engage more deeply, and convert at higher rates than non-app users on average," the company said in a statement.
First-quarter revenues for continuing operations totalled $631.3m, representing 3.1% growth over last year and ahead of the $620m consensus forecast. This resulted in a take rate of 25.7% (the percentage of GMS that Etsy generates as revenue), up 180 basis points over the previous year.
The company, which excluded Depop from continuing operations given its pending sale to eBay agreed in February, said net income for continuing operations was $104.7m, compared with a loss of $35.1m previously, resulting in earnings per share of 89 cents, smashing the 62 cents estimate.
"We’ve now delivered two consecutive quarters of year-over-year Etsy marketplace GMS growth, and our outlook points to growth again this quarter," said chief executive Kruti Patel Goyal.
"We are investing deliberately in the areas that matter most, guided by early proof points and a sharper operating model. As a result, we are seeing our priorities gain traction, and we expect continued progress."
The stock was up 10.5% at $69.85 by 1527 BST.