Etsy Inc. revenue 2012-2024
In 2024, Etsy, an e-commerce website company specialized in craft and vintage items, generated revenues worth 2.8 billion U.S. dollars, up from the 2.7 billion generated in the previous year. Most products on Etsy are sold by independent sellers.
Etsy's rise to the top
Etsy launched in 2005 and went public in 2015 after a decade of operations, and is now one of the leading online marketplaces globally.The company generates revenue from three primary segments: marketplace revenues including fees for sales transactions and listings, seller service revenues, and other revenues including third-party payment processor fees. In recent years, Etsy’s marketplace has established itself as the most profitable segment, surpassing one billion dollars for the first time in 2020.
Mobile shopping
Etsy has successfully capitalized on the increasing use of mobile shopping. The Etsy mobile app regularly reaches millions of downloads on a monthly basis. Downloads for the Etsy buyer app peaked in December of 2022, reaching over 2.5 million in that month alone. With such high numbers of downloads worldwide, it comes as no surprise that mobile accounts for roughly two-thirds of Etsy’s gross merchandise volume.
The fiscal year end of the company is December 31st.
