ETSY

Q2 FY2026 EarningsQ2 FY26 beat consensus across all key financial metrics, with revenue of $668.3M vs. $646.7M expected and EPS (GAAP) of $0.98 significantly exceeding the $0.73 mean estimate. Etsy marketplace GMS grew 7.5% YoY, marking the third consecutive quarter of acceleration, while take rate expanded to 25.9% due to ad efficiency. Management raised FY26 GMS guidance to mid-single-digit growth and increased the Adj. EBITDA margin outlook to 29-30%, supported by a new $2B share repurchase authorization and a strategic 12% workforce restructuring.