Etsy reports strong Q3 2026 results and CFO departure

Etsy has reported third-quarter 2026 financial results that exceeded market expectations. The company reported revenue of $692.47 million, representing a 10.9% year-on-year increase, and a GAAP profit of $1 per share, which surpassed analyst consensus estimates.

Key performance indicators showed growth in gross goods volume (GBV) of 8.8%. The company also reported an adjusted EBITDA of $210.4 million and a free cash flow margin of 34.1%. Analysts have responded with mixed outlooks; Canaccord raised its price target to $105, while Jefferies raised its target to $100 but maintained a 'Hold' rating, citing concerns over declining purchase frequency.

Alongside the financial report, Etsy announced that Chief Financial Officer Lanny Baker will depart the company on March 1, 2027, to pursue other opportunities. Baker will remain with the company as an advisor through July 1, 2027, to assist with the leadership transition.