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Side-by-side financial comparison of ETSY INC (ETSY) and Vipshop Holdings Ltd (VIPS), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Etsy, Inc. is an American e-commerce company focused on handmade or vintage items and craft supplies. Its marketplace includes categories such as jewelry, apparel, home decor, furniture, toys, and art. Items described as vintage must be at least 20 years old. The platform provides sellers with individual storefronts where they list their goods for a fee of US$0.20 per item. Since 2013, the company has allowed the sale of mass-manufactured items.

Vipshop is a Chinese company that operates the e-commerce website VIP.com specializing in online discount sales. Vipshop is based out of Guangzhou, Guangdong, China, and was listed on New York Stock Exchange (NYSE) on March 23, 2012.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
ETSY
ETSY
VIPS
VIPS
Q4 25
$881.6M
Q3 25
$678.0M
Q2 25
$672.7M
Q1 25
$651.2M
Q4 24
$852.2M
Q3 24
$662.4M
Q2 24
$647.8M
Q1 24
$646.0M
Net Profit
ETSY
ETSY
VIPS
VIPS
Q4 25
$110.7M
Q3 25
$75.5M
Q2 25
$28.8M
Q1 25
$-52.1M
Q4 24
$129.9M
Q3 24
$57.4M
Q2 24
$53.0M
Q1 24
$63.0M
Gross Margin
ETSY
ETSY
VIPS
VIPS
Q4 25
73.1%
Q3 25
71.3%
Q2 25
71.2%
Q1 25
70.5%
Q4 24
74.5%
Q3 24
72.0%
Q2 24
71.6%
Q1 24
71.0%
Operating Margin
ETSY
ETSY
VIPS
VIPS
Q4 25
14.7%
Q3 25
12.2%
Q2 25
11.4%
Q1 25
-3.4%
Q4 24
18.2%
Q3 24
13.1%
Q2 24
10.8%
Q1 24
10.5%
Net Margin
ETSY
ETSY
VIPS
VIPS
Q4 25
12.6%
Q3 25
11.1%
Q2 25
4.3%
Q1 25
-8.0%
Q4 24
15.2%
Q3 24
8.7%
Q2 24
8.2%
Q1 24
9.8%
EPS (diluted)
ETSY
ETSY
VIPS
VIPS
Q4 25
$1.00
Q3 25
$0.63
Q2 25
$0.25
Q1 25
$-0.49
Q4 24
$1.01
Q3 24
$0.45
Q2 24
$0.41
Q1 24
$0.48

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

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