Etsy: annual revenue 2012-2021

In 2021, Etsy, an e-commerce website company specialized in craft and vintage items, generated revenues worth 2.3 billion U.S. dollars, up by roughly 35 percent from the previous year. Most products on Etsy are sold by independent sellers.

Etsy's rise to the top

Etsy launched in 2005 and went public in 2015 after a decade of operations, and is now one of the leading online marketplaces globally. In June 2021, the company had a market capitalization of 26.2 billion U.S. dollars. According to forecasts, Etsy's revenue is projected to grow at a 67 percent CAGR between 2019 and 2021, making it one of the fastest-growing online marketplaces worldwide.

The company generates revenue from three primary segments: marketplace revenues including fees for sales transactions and listings, seller service revenues, and other revenues including third-party payment processor fees. In recent years, Etsy’s marketplace has established itself as the most profitable segment, surpassing one billion dollars for the first time in 2020.

Mobile shopping

Etsy has successfully capitalized on the increasing use of mobile shopping. The company’s mobile app is one of the most popular shopping apps in the United States, with user sessions nearing one million in 2021. Etsy's app is also among the most downloaded, particularly on iOS devices. Overall, mobile accounts for roughly two-thirds of Etsy’s gross merchandise volume.