Etsy, Inc.

What does Etsy, Inc. own?
Etsy, Inc. owns and operates two primary marketplace platforms: the Etsy marketplace for handmade, vintage, and craft goods, and Depop, a social commerce platform for secondhand fashion. The company sold its Reverb musical instruments marketplace in June 2025 and previously sold Elo7, a Brazilian handmade marketplace, in 2022.

Is Etsy, Inc. publicly traded?
Yes, Etsy, Inc. is publicly traded on the NASDAQ stock exchange under ticker symbol ETSY. The company went public in April 2015, raising approximately $267 million in its IPO. Shares are widely held by institutional investors with no controlling shareholder.

Who founded Etsy, Inc.?
Etsy was founded in 2005 by Robert Kalin, Chris Maguire, and Haim Schoppik in Brooklyn, New York. Kalin conceived the platform as a dedicated marketplace for handmade goods after observing that artisans lacked a purpose-built selling platform.

What is Etsy's revenue?
In FY2024, Etsy reported consolidated revenue of approximately $2.8 billion, with Q4 2024 consolidated revenue reaching a record $852.2 million. Revenue grew year-over-year despite a decline in gross merchandise sales, driven by higher take rates from Etsy Ads and services revenue.

Who is Etsy's CEO?
Josh Silverman has served as Etsy's Chief Executive Officer since May 2017. Before joining Etsy, Silverman held senior roles at American Express and Skype. Under his leadership, Etsy significantly improved its profitability and operational efficiency.

How does Etsy make money?
Etsy earns revenue through listing fees ($0.20 per item listed), transaction fees (6.5% of each sale), Etsy Ads (on-site advertising for sellers), offsite advertising fees, payment processing fees through Etsy Payments, and optional seller subscription services. Services revenue, particularly Etsy Ads, has become an increasingly important contributor to total revenue.

Etsy was founded in 2005 by Robert Kalin, Chris Maguire, and Haim Schoppik in Brooklyn, New York. Kalin, a furniture maker and web developer, conceived the platform as a dedicated marketplace for handmade goods after observing that sellers of handmade items had no purpose-built platform and were using general-purpose sites like eBay. The platform launched in June 2005 and quickly attracted a community of crafters, artisans, and vintage collectors.

The company grew rapidly through the late 2000s, driven by the growing consumer interest in handmade and artisanal goods and the broader expansion of e-commerce. Etsy's community-oriented culture, which emphasized the stories behind the makers and their products, differentiated it from transactional competitors. The company introduced seller tools, community forums, and educational resources that helped independent sellers build businesses on the platform.

Chad Dickerson became CEO in 2011, succeeding Kalin, and led the company through its initial public offering on the NASDAQ in April 2015, raising approximately $267 million at a valuation of around $1.8 billion. The IPO was notable for Etsy's decision to pursue B Corporation certification, reflecting its stated commitment to social and environmental responsibility alongside financial performance.

Josh Silverman, a former executive at American Express and Skype, became CEO in May 2017 following a period of investor pressure over the company's profitability and strategic direction. Silverman implemented a series of operational improvements focused on search quality, seller accountability for shipping reliability, and marketing efficiency that improved the company's financial performance significantly.

In 2019, Etsy acquired Reverb, an online marketplace for new, used, and vintage musical instruments and gear, for approximately $275 million. The acquisition was intended to apply Etsy's marketplace expertise to a complementary niche category. In 2021, Etsy acquired Depop, a London-based social commerce platform for secondhand fashion popular with Gen Z users, for approximately $1.625 billion. In the same year, Etsy acquired Elo7, a Brazilian handmade goods marketplace, for approximately $217 million.

The acquisitions expanded Etsy's portfolio but also increased its complexity and cost base. In 2022, Etsy sold Elo7 after determining the Brazilian market dynamics did not align with its growth strategy. In June 2025, Etsy sold Reverb, refocusing the company on its two core platforms: the Etsy marketplace and Depop. The sale of Reverb reflected a strategic decision to concentrate resources on the larger and faster-growing opportunities within the Etsy and Depop platforms.

Depop delivered strong performance in FY2024, with full-year GMS growth of 31.6% and Q4 2024 GMS reaching its highest level since Etsy's acquisition. Depop's growth was driven by share gains in the United States and favorable trends in the broader re-commerce market, where consumer interest in secondhand fashion has grown significantly.

Etsy has established comprehensive sustainability initiatives focused on environmental responsibility, renewable energy, and social impact through its mission to keep commerce human. The company is a certified B Corporation since 2012 and has committed to achieving net zero carbon emissions while supporting economic opportunity for independent entrepreneurs globally.

The company's environmental achievements include sourcing 100% renewable energy for quantified office and remote working electricity usage and reducing absolute Scope 1 and 2 greenhouse gas emissions by 33% since 2020. Etsy has also reduced Scope greenhouse gas emissions intensity by 37% since 2020, demonstrating significant progress in operational efficiency and carbon reduction.

Etsy's sustainability strategy spans environmental stewardship, social impact, and economic empowerment. The company has deployed $20.5 million of its $30 million Impact Investment fund since 2022, supported over 3,550 entrepreneurs through the Etsy Uplift Fund, and made over $5.6 million in philanthropic donations across its House of Brands. The platform supported over 250,000 sellers with disaster response resources, demonstrating commitment to seller resilience and community support.

In circular commerce, Etsy facilitated over 160 million listings with circular attributes across its marketplaces, reinforcing its position as a destination for sustainability-minded consumers. The company applies similar focus, discipline, and accountability to its environmental, social, and governance (ESG) reporting as it does to financial metrics, using SASB sector standards and TCFD frameworks for transparent disclosure.

Etsy has received recognition for its sustainability leadership, B Corporation certification, and commitment to social and environmental responsibility from independent rating organizations.

• B Corporation Certification: Etsy has been a certified B Corporation since 2012, reflecting its commitment to meeting high standards of social and environmental performance, accountability, and transparency.
• Renewable Energy Leadership: The company has been recognized for achieving 100% renewable energy sourcing for its office and remote working electricity usage, demonstrating leadership in corporate environmental sustainability.
• Carbon Reduction Achievement: Etsy has received acknowledgment for its 33% reduction in absolute Scope 1 and 2 greenhouse gas emissions since 2020, showing measurable progress toward climate goals.
• Social Impact Recognition: The company's Etsy Uplift Fund and Impact Investment initiatives have been recognized for supporting economic empowerment and entrepreneurship among underserved communities.
• ESG Reporting Excellence: Etsy's comprehensive ESG reporting using SASB and TCFD frameworks has been recognized for transparency and alignment with emerging sustainability disclosure standards.

Etsy operates under regulatory scrutiny related to marketplace practices, seller support, and competitive practices in the highly regulated e-commerce industry.

Marketplace practices and seller support represents ongoing scrutiny regarding seller fees, marketplace policies, and seller treatment. Etsy faces questions about marketplace fairness and seller support across its artisan community.

Competition and market practices have faced scrutiny regarding Etsy's position in the handmade and vintage goods market and relationships with competitors. The company faces questions about market dominance, competitive behavior, and relationships with other e-commerce platforms.

Regulatory compliance includes oversight regarding e-commerce regulations, consumer protection laws, and compliance with industry requirements. Etsy must navigate complex e-commerce regulations while maintaining global operations.

Content moderation and platform policies have drawn attention regarding content standards, product authenticity, and marketplace content guidelines. Questions about content moderation and platform policies create regulatory and consumer attention.

Data privacy and digital commerce have emerged regarding customer data protection, transaction security, and digital marketplace privacy. Questions about digital privacy and security create regulatory and consumer attention.