Etsy Inc (ETSY)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income (ttm)	US$ in thousands	303,281	256,641	287,125	296,035	307,568	333,850	-717,068	-705,860	-694,288	-642,279	410,719	435,850	493,507	480,488	482,319	480,490	349,246	231,999	155,039	76,837
Revenue (ttm)	US$ in thousands	2,808,332	2,798,492	2,772,384	2,753,454	2,748,377	2,713,296	2,671,463	2,627,722	2,566,111	2,476,009	2,413,969	2,357,734	2,329,114	2,229,330	2,148,379	2,048,216	1,725,625	1,378,268	1,124,737	877,095
Net profit margin		10.80%	9.17%	10.36%	10.75%	11.19%	12.30%	-26.84%	-26.86%	-27.06%	-25.94%	17.01%	18.49%	21.19%	21.55%	22.45%	23.46%	20.24%	16.83%	13.78%	8.76%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $303,281K ÷ $2,808,332K
= 10.80%

The net profit margin of Etsy Inc has exhibited fluctuating trends over the analyzed period. Starting from March 31, 2020 at 8.76%, the net profit margin showed continuous improvement, reaching its peak at 23.46% by March 31, 2021. However, there was a slight decline in the following quarters, stabilizing around 21% towards the end of 2021.

The trend reversed in the first half of 2022, with a notable decrease to 17.01% by June 30, 2022. The subsequent quarters of 2022 and the first quarter of 2023 registered negative net profit margins, indicating that expenses exceeded revenues during those periods.

The company showed a recovery in the net profit margin by September 30, 2023, reaching 12.30% and maintaining double-digit margins until December 31, 2024. The net profit margin ended the analyzed period at 10.80% by December 31, 2024, showing relative stability compared to the fluctuations observed in the previous quarters.

Overall, while the net profit margin of Etsy Inc experienced both highs and lows throughout the period, the company managed to maintain positive margins, with a focus on profitability and cost management reflected in the financial performance.