Etsy (ETSY) Stock Soars 11% as First Quarter Results Crush Expectations
First quarter revenue reached $631.3M, surpassing Wall Streets $621M projectionMarketplace gross merchandise sales increased 5.5% YoY to $2.5B — ending more than two years of contractionEarnings per share from continuing operations totaled $0.89, crushing the $0.62 forecastPlatform added active buyers on a sequential basis for the first time since early 2024Shares of ETSY climbed approximately 11% in response to the earnings release The online marketplace operator delivered first quarter 2026 revenue totaling $631.3 million, exceeding Wall Streets consensus forecast by roughly $10 million. The upside surprise stemmed primarily from renewed expansion in gross merchandise sales, which climbed 5.5% compared to the year-ago period to reach $2.5 billion across the Etsy platform. $ETSY Q126 EARNINGS HIGHLIGHTS Revenue: $631.28M (Est. $621.09M) ; +3.1% YoY EPS: $0.60 (Est. $0.61) GMS: $2.46B; -3.9% YoY Etsy Marketplace GMS: +5.5% YoY Adj. EBITDA: $184.7M; 29.3% Margin Take Rate: 25.7%; +180 bps YoY This GMS performance represents a significant inflection point, ending a prolonged period of year-over-year declines. The previous quarter registered a 0.5% contraction, making this the first time in more than 24 months that the company posted positive annual GMS growth. Etsy, Inc., ETSY Earnings per share from continuing operations registered $0.89, significantly outpacing analyst expectations of $0.62. Continuing operations generated net income of $104.7 million,