Etsy

Etsy, Inc.
Company typePublic
IndustryE-commerce
FoundedJune 18, 2005; 19 years ago (2005-06-18)
Founders
  • Robert Kalin
  • Chris Maguire
  • Haim Schoppik
  • Jared Tarbell
Headquarters
Brooklyn, New York City, New York
,
United States
Key people
RevenueIncrease US$2.75 billion (2023)
Increase US$280 million (2023)
Increase US$308 million (2023)
Total assetsIncrease US$2.69 billion (2023)
Total equityNegative increase US$–544 million (2023)
Number of employees
2,420 (2023)
Subsidiaries
Websiteetsy.com
Footnotes / references
[1]

Etsy, Inc. is an American e-commerce company with an emphasis on the selling of handmade or vintage items and craft supplies. These items fall under a wide range of categories, including jewelry, bags, clothing, home decor, religious items, furniture, toys, art, as well as craft supplies and tools. Items described as vintage must be at least 20 years old.[2] The site follows in the tradition of open craft fairs, giving sellers personal storefronts where they list their goods for a fee of US$0.20 per item.[3] Beginning in 2013, Etsy allowed sellers to sell mass-manufactured items.[4]

As of December 31, 2022, Etsy had over 100 million items in its marketplace, and the online marketplace for handmade and vintage goods connected 7 million sellers with 92 million buyers.[1] At the end of 2023, Etsy had 2,420 employees.[1] In 2023, Etsy had total sales, or gross merchandise sales (GMS), of US$13.2 billion on the platform.[1] In 2023, Etsy garnered a revenue of $2.75 billion and registered a net gain of $308 million.[1] The platform generates revenue primarily from three streams: its Marketplace revenue, which includes a fee of 6.5% of the final sale value,[5] a listing fee of 20 cents per item, and Seller Services, which includes fees for services such as "Promoted Listings", payment processing, and purchases of shipping labels through the platform. Other revenue includes fees received from third-party payment processors.[6]

  1. ^ a b c d e "Etsy, Inc. 2023 Annual Report (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. 22 February 2024.
  2. ^ Etsy. "Vintage Items on Etsy". Etsy. Retrieved 10 July 2020.
  3. ^ Walker, Rob (2007-12-16). "Handmade 2.0". The New York Times Magazine. Retrieved 2007-12-17.
  4. ^ "Etsy CEO Says IPO, Mass Production Won't Ruin Website's 'Handmade Ethos'". ABC News. Retrieved 2023-04-13.
  5. ^ Sato, Mia (2022-02-24). "Etsy hits sellers with 30 percent transaction fee increase". The Verge. Retrieved 2022-02-24.
  6. ^ "Alibaba video, Etsy IPO All You Need To Know". Archived from the original on 2 April 2015. Retrieved 29 July 2015.