Etsy, Inc.

ETSYNYSEConsumer Cyclical● Active

$66.86

$-0.19(-0.28%)

Market Cap$6.3B

P/E Ratio—

52W High$76.515

52W Low$44

Avg Volume3.0M

Open$66.87

Beta1.86

Free Cash Flow Financials Revenue

Etsy, Inc. (ETSY) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ETSY · free cash flow · updated Jun 8, 2026

Core FCF metrics

ETSY · FCF · TTM · margin & CAGR

Free cash flow was $638.8M for FY2025 (fiscal year ending 2025-12-31), down 9.9% year-over-year The FCF margin was 22.1%. Five-year CAGR stands at -1.0%.

FY2025 Free Cash Flow$638.8M▼ -9.9% YoY

Trailing 12M (TTM)$672.6Mtrailing 4 quarters sum

FCF Margin22.1%$638.8M ÷ revenue

3-Year CAGR-0.4%FY2022 → FY2025

5-Year CAGR-1.0%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ETSY · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$693.4M(55M)$638.8M▼ 9.9%22.1%

FY2024$752.5M(43M)$709.0M▲ +6.5%25.3%

FY2023$705.5M(40M)$665.6M▲ +3.0%24.2%

FY2022$683.6M(37M)$646.4M▲ +4.0%25.2%

FY2021$651.6M(30M)$621.4M▼ 7.5%26.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ETSY · P/FCF · FCF yield · FCF per share

Etsy, Inc. (ETSY) trades at a FCF yield of 10.60% and a price-to-free-cash-flow ratio of 9.8x. FCF per share stands at $6.85, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

10.60%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$6.85

TTM FCF ÷ Shares Outstanding

Price / FCF

x9.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x8.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ETSY · cash flow statement · operating / investing / financing

For FY2025, Etsy, Inc. generated $693.4M in operating cash flow and spent 55M in capital expenditures, yielding $638.8M in free cash flow.

Operating Activities

+$693.4M

Cash from core business operations

2025-12-31

Investing Activities

+$32.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$169.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($693.4M) − |CapEx| (55M) = FCF ($638.8M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

ETSY vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Etsy, Inc.YOU

ETSY

$638.8M-9.9%22.2%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Etsy, Inc. (ETSY) reported free cash flow of $638.8M for FY2025 (fiscal year ending 2025-12-31), down 9.9% year-over-year. The FCF margin was 22.1%.

Based on available data, Etsy, Inc. has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $709.0M in FY2024. The 5-year CAGR stands at -1.0%.

Etsy, Inc.'s FCF yield is 10.60% and price-to-FCF ratio is 9.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ETSY free cash flow · 8 questions

Etsy, Inc. free cash flow was $638.8M for FY2025, down 9.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $672.6M.

ETSY free cash flowETSY FCFETSY FCF 2025ETSY free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Etsy, Inc. · Etsy, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026