ETSY
Etsy, Inc.
2026Q2 · Earnings 2026-08-05 (Reported 37d ago)
At a glance · Earnings setup
Confidence: Medium
Street's $649.7M expectation looks reasonably consistent with the operating evidence we have.
Street
$649.7M
Revenue consensus · +3.3% YoY
Revision: Unknown
No direct Street KPI consensus
Operating requirement
Required GMS at latest / trailing take-rate band: ~$2.5B
Evidence
No material independent evidence listed at this cutoff.
Coverage
- Usable management indication
- Direct Street segment KPI consensus
1 · Street
What Street says
$649.7M
Revenue consensus · +3.3% YoY
- Analysts
- —
- Range
- —
- As of
- 2026-07-29
- Revision
- Unknown
2 · Street needs
What Street needs
For Street revenue to be right, these operating outcomes are roughly what the model implies.
Confidence: High · based on n=31 history
- Required GMS at latest / trailing take-rate band: ~$2.5B (about $2.7B–$2.8B)
- Latest GMS (2026Q1): ~$2.5B
- Latest take rate (2026Q1): ~+25.7% (about +22.8%–+24.5%)
3 · Management
What management says
No usable management guidance for this cutoff.
4 · Business
What the business is doing
- Etsy marketplace GMS
$2.6B
2026Q2 · YoY +8.3%
- Consolidated GMS
$2.6B
2026Q2 · YoY -8.0%
- Take rate
+25.9%
2026Q2 · YoY +7.8%
No direct Street KPI consensus for this quarter. Implied operating requirements still apply where available.
5 · QW setup
Where QW lands
Supports
No material supporting evidence listed.
Against / uncertainty
No material opposing evidence listed.
- Some dispersion, revision, or sensitivity evidence elevates fragility
- The implied-requirement range is unusually wide — treat with caution
Still missing
- Usable management indication
Sources & methodology
Setup methodology v0.2.
Internal classification note: Street-required operating performance is reasonably consistent with available management/trajectory evidence
- street_consensus · Zacks · link
- other_guidance · SEC earnings release · link
- kpi:gms_m · qw_kpi_actuals
- kpi:take_rate_pct · qw_kpi_actuals
- street_consensus · Zacks · link
- street_consensus · Zacks · link
- kpi:gms_m · qw_kpi_actuals
- kpi:take_rate_pct · qw_kpi_actuals
- How Quarter Winner works →