Ebay vs Etsy (EBAY vs ETSY)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Ebay is the larger company by revenue ($11.1B vs $2.9B) and market value ($52.0B vs $7.9B). Etsy has grown revenue faster over the last 4 fiscal years (+23.8% cumulative vs +6.5%). Ebay runs the higher operating margin (20.5% vs 9.2%). Ebay trades at the lower trailing P/E (27.1x vs 30.9x).
About Ebay
eBay Inc operates a global online marketplace connecting buyers and sellers in over 190 markets. Its platforms include www.ebay.com and mobile apps, offering a wide range of products such as motor vehicle parts, collectibles, apparel, luxury goods, and sneakers. eBay serves individual entrepreneurs and global businesses by providing tools for listing, advertising, shipping, and payment, while also offering buyer protections and programs to enhance trust and convenience.
About Etsy
Etsy Inc operates online marketplaces that connect creative entrepreneurs with buyers worldwide. Its main platform, Etsy marketplace, offers unique and handcrafted goods from independent sellers, while it also owns Depop, a fashion resale marketplace. The company generates revenue primarily through transaction fees, payment processing fees, and listing fees, serving millions of active buyers and sellers globally.
Head to head (EBAY FY2025 vs ETSY FY2025)
| Metric | EBAYFY2025 | ETSYFY2025 |
|---|---|---|
| Revenue | $11.10B | $2.88B |
| Revenue growth (YoY) | 7.9% | 2.7% |
| Gross margin | 71.5% | 71.6% |
| Operating margin | 20.5% | 9.2% |
| Net margin | 18.3% | 5.7% |
| Net income | $2.03B | $163.0M |
| Diluted EPS | $4.34 | $1.39 |
| FCF margin | 12.9% | 23.5% |
| ROE | 45.3% | — |
| Debt / equity | 1.3× | — |
| Market cap | $52.04B | $7.88B |
| P/E (TTM) | 27.1× | 30.9× |
Fundamentals are from each company’s SEC filings (EBAY FY2025, ETSY FY2025). P/E and market cap are derived from recent market prices and update daily.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| EBAY | $10.42B | $9.79B | $10.11B | $10.28B | $11.10B |
| ETSY | $2.33B | $2.57B | $2.75B | $2.81B | $2.88B |
Peer standing
These companies are ranked against different peer groups (Ebay vs 403 Consumer Discretionary companies; Etsy vs 684 Industrials companies), so each is shown against its own peers rather than on one scale.
Ebay
Ebay’s gross margin of 71.5% ranks in the 95th percentile of the 275 Consumer Discretionary companies reporting it. Ebay’s net margin of 18.3% ranks in the 95th percentile of the 377 Consumer Discretionary companies reporting it. Ebay’s operating margin of 20.5% ranks in the 93rd percentile of the 348 Consumer Discretionary companies reporting it.
Etsy
Etsy’s gross margin of 71.6% ranks in the 95th percentile of the 467 Industrials companies reporting it. Etsy’s FCF margin of 23.5% ranks in the 95th percentile of the 561 Industrials companies reporting it.
Short interest
| FINRA settlement data | EBAY | ETSY |
|---|---|---|
| Shares sold short | 14.8M | 13.8M |
| Change vs prior settlement | -14.5% | -6.3% |
| Days to cover | 4.00 | 4.17 |
| As of settlement | 2026-06-30 | 2026-06-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 open-market activity | EBAY | ETSY |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 31 ($22.4M) | 33 ($54.4M) |
Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.
Held by the same investors
7 tracked 13F managers hold both Ebay and Etsy as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.