ETSY Inc
NASDAQ:ETSY
Income Statement
Earnings Waterfall
ETSY Inc
Revenue
|
2.7B
USD
|
Cost of Revenue
|
-823m
USD
|
Gross Profit
|
1.9B
USD
|
Operating Expenses
|
-1.6B
USD
|
Operating Income
|
374.5m
USD
|
Other Expenses
|
-66.9m
USD
|
Net Income
|
307.6m
USD
|
Income Statement
ETSY Inc
Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||
Revenue |
155
N/A
|
172
+11%
|
196
+14%
|
214
+9%
|
232
+9%
|
251
+8%
|
274
+9%
|
297
+9%
|
321
+8%
|
343
+7%
|
365
+7%
|
380
+4%
|
396
+4%
|
415
+5%
|
441
+6%
|
465
+5%
|
496
+7%
|
540
+9%
|
604
+12%
|
652
+8%
|
701
+7%
|
748
+7%
|
818
+9%
|
877
+7%
|
1 125
+28%
|
1 378
+23%
|
1 726
+25%
|
2 048
+19%
|
2 148
+5%
|
2 229
+4%
|
2 329
+4%
|
2 358
+1%
|
2 414
+2%
|
2 476
+3%
|
2 566
+4%
|
2 628
+2%
|
2 672
+2%
|
2 713
+2%
|
2 748
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(60)
|
(67)
|
(74)
|
(79)
|
(84)
|
(90)
|
(97)
|
(104)
|
(111)
|
(117)
|
(123)
|
(130)
|
(136)
|
(143)
|
(150)
|
(157)
|
(167)
|
(178)
|
(191)
|
(202)
|
(215)
|
(237)
|
(271)
|
(301)
|
(354)
|
(405)
|
(465)
|
(525)
|
(563)
|
(596)
|
(655)
|
(685)
|
(707)
|
(728)
|
(745)
|
(767)
|
(784)
|
(799)
|
(823)
|
|
Gross Profit |
94
N/A
|
105
+12%
|
122
+16%
|
135
+10%
|
149
+11%
|
161
+8%
|
177
+10%
|
193
+9%
|
209
+9%
|
226
+8%
|
242
+7%
|
250
+3%
|
260
+4%
|
272
+5%
|
291
+7%
|
308
+6%
|
329
+7%
|
362
+10%
|
413
+14%
|
450
+9%
|
486
+8%
|
511
+5%
|
547
+7%
|
576
+5%
|
771
+34%
|
974
+26%
|
1 261
+30%
|
1 523
+21%
|
1 586
+4%
|
1 633
+3%
|
1 675
+3%
|
1 673
0%
|
1 707
+2%
|
1 748
+2%
|
1 822
+4%
|
1 861
+2%
|
1 887
+1%
|
1 915
+1%
|
1 925
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(97)
|
(110)
|
(128)
|
(148)
|
(162)
|
(173)
|
(178)
|
(183)
|
(191)
|
(204)
|
(224)
|
(241)
|
(268)
|
(273)
|
(262)
|
(275)
|
(271)
|
(295)
|
(338)
|
(357)
|
(388)
|
(418)
|
(459)
|
(494)
|
(588)
|
(686)
|
(837)
|
(991)
|
(1 083)
|
(1 148)
|
(1 209)
|
(1 274)
|
(1 324)
|
(1 359)
|
(1 435)
|
(2 525)
|
(1 514)
|
(1 543)
|
(1 551)
|
|
Selling, General & Administrative |
(66)
|
(76)
|
(92)
|
(109)
|
(122)
|
(131)
|
(136)
|
(138)
|
(145)
|
(153)
|
(169)
|
(180)
|
(189)
|
(192)
|
(191)
|
(190)
|
(192)
|
(208)
|
(241)
|
(256)
|
(281)
|
(303)
|
(337)
|
(359)
|
(436)
|
(521)
|
(657)
|
(778)
|
(854)
|
(908)
|
(937)
|
(967)
|
(977)
|
(977)
|
(1 023)
|
(1 042)
|
(1 055)
|
(1 078)
|
(1 095)
|
|
Research & Development |
(31)
|
(34)
|
(37)
|
(39)
|
(40)
|
(41)
|
(43)
|
(45)
|
(47)
|
(50)
|
(55)
|
(61)
|
(68)
|
(70)
|
(71)
|
(74)
|
(79)
|
(87)
|
(97)
|
(101)
|
(107)
|
(115)
|
(122)
|
(135)
|
(151)
|
(165)
|
(180)
|
(196)
|
(213)
|
(240)
|
(272)
|
(307)
|
(348)
|
(382)
|
(412)
|
(439)
|
(459)
|
(465)
|
(456)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(11)
|
(11)
|
0
|
(11)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(17)
|
(17)
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 045)
|
0
|
0
|
0
|
|
Operating Income |
(2)
N/A
|
(5)
-108%
|
(6)
-26%
|
(13)
-108%
|
(13)
N/A
|
(12)
+11%
|
(2)
+84%
|
10
N/A
|
18
+88%
|
23
+24%
|
18
-22%
|
9
-50%
|
(8)
N/A
|
(1)
+86%
|
29
N/A
|
33
+15%
|
58
+73%
|
67
+16%
|
75
+11%
|
93
+24%
|
98
+5%
|
93
-5%
|
89
-5%
|
82
-7%
|
184
+123%
|
288
+57%
|
424
+47%
|
532
+26%
|
502
-6%
|
485
-4%
|
466
-4%
|
399
-14%
|
383
-4%
|
389
+2%
|
386
-1%
|
(665)
N/A
|
373
N/A
|
372
0%
|
375
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
(2)
|
(4)
|
(25)
|
(19)
|
(19)
|
(23)
|
6
|
(7)
|
(7)
|
(21)
|
(28)
|
(6)
|
0
|
20
|
19
|
(3)
|
(13)
|
(20)
|
(19)
|
(12)
|
(12)
|
(8)
|
(24)
|
(29)
|
(36)
|
(41)
|
(19)
|
(15)
|
(4)
|
6
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
16
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(17)
|
(6)
|
(6)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(17)
|
(17)
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 045)
|
(1 045)
|
0
|
(1 113)
|
(68)
|
(97)
|
|
Total Other Income |
(1)
|
(0)
|
(0)
|
0
|
(3)
|
(3)
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
5
|
10
|
0
|
(2)
|
5
|
8
|
0
|
|
Pre-Tax Income |
(3)
N/A
|
(7)
-106%
|
(10)
-51%
|
(38)
-265%
|
(35)
+6%
|
(34)
+4%
|
(28)
+18%
|
13
N/A
|
11
-13%
|
16
+44%
|
(3)
N/A
|
(19)
-562%
|
(14)
+28%
|
(3)
+81%
|
32
N/A
|
47
+45%
|
49
+5%
|
51
+3%
|
55
+9%
|
74
+33%
|
85
+16%
|
81
-5%
|
81
0%
|
59
-27%
|
155
+163%
|
235
+52%
|
366
+55%
|
514
+40%
|
487
-5%
|
481
-1%
|
472
-2%
|
400
-15%
|
387
-3%
|
(645)
N/A
|
(662)
-3%
|
(667)
-1%
|
(734)
-10%
|
312
N/A
|
293
-6%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(6)
|
(5)
|
(15)
|
(20)
|
(22)
|
(26)
|
(29)
|
(28)
|
(29)
|
(27)
|
(12)
|
1
|
18
|
18
|
17
|
7
|
(1)
|
26
|
27
|
30
|
29
|
11
|
14
|
(4)
|
(7)
|
(13)
|
(29)
|
(1)
|
4
|
17
|
31
|
18
|
(2)
|
(29)
|
(36)
|
21
|
26
|
18
|
|
Income from Continuing Operations |
(5)
|
(13)
|
(15)
|
(53)
|
(56)
|
(57)
|
(54)
|
(16)
|
(17)
|
(13)
|
(30)
|
(32)
|
(13)
|
16
|
51
|
64
|
56
|
50
|
81
|
100
|
115
|
110
|
92
|
73
|
151
|
228
|
353
|
485
|
486
|
485
|
488
|
431
|
406
|
(648)
|
(691)
|
(702)
|
(714)
|
337
|
311
|
|
Net Income (Common) |
(5)
N/A
|
(11)
-120%
|
(15)
-41%
|
(53)
-247%
|
(56)
-6%
|
(57)
-1%
|
(54)
+4%
|
(16)
+70%
|
(17)
-6%
|
(13)
+26%
|
(30)
-135%
|
(32)
-5%
|
(13)
+60%
|
16
N/A
|
82
+420%
|
95
+17%
|
87
-9%
|
81
-7%
|
78
-4%
|
96
+24%
|
111
+15%
|
106
-5%
|
96
-9%
|
77
-20%
|
155
+102%
|
232
+50%
|
349
+51%
|
481
+38%
|
482
+0%
|
481
0%
|
494
+3%
|
436
-12%
|
411
-6%
|
(642)
N/A
|
(694)
-8%
|
(706)
-2%
|
(717)
-2%
|
334
N/A
|
308
-8%
|
|
EPS (Diluted) |
-0.04
N/A
|
-0.25
-525%
|
-0.14
+44%
|
-1.2
-757%
|
-0.57
+53%
|
-0.5
+12%
|
-0.59
-18%
|
-0.16
+73%
|
-0.15
+6%
|
-0.11
+27%
|
-0.26
-136%
|
-0.27
-4%
|
-0.11
+59%
|
0.12
N/A
|
0.66
+450%
|
0.75
+14%
|
0.66
-12%
|
0.62
-6%
|
0.6
-3%
|
0.73
+22%
|
0.89
+22%
|
0.83
-7%
|
0.76
-8%
|
0.62
-18%
|
1.15
+85%
|
1.68
+46%
|
2.56
+52%
|
3.32
+30%
|
3.32
N/A
|
3.25
-2%
|
3.36
+3%
|
2.96
-12%
|
2.81
-5%
|
-5.08
N/A
|
-5.47
-8%
|
-4.93
+10%
|
-5.08
-3%
|
2.4
N/A
|
2.19
-9%
|