ETSY vs SHOP: Stock Comparison
Etsy, Inc. compared with Shopify Inc.: size, valuation, growth, margins, dividends and returns.
ETSY vs SHOP at a Glance
As of Nov 6, 2026, Etsy, Inc. (ETSY) has a market capitalization of $10.54B versus $193.28B for Shopify Inc. (SHOP). ETSY is classified in Internet Retail (Consumer Discretionary), SHOP in Software - Application (Technology).
ETSY trades at 10.7x trailing and 41.6x forward earnings, compared with 99.8x trailing and 137.6x forward earnings for SHOP as of Nov 6, 2026. Over the trailing twelve months, revenue grew 5.7% at ETSY and 33.1% at SHOP, operating margins were 16.9% and 17.8%, and net profit margins 34.4% and 14.7%.
Neither company paid a dividend over the trailing twelve months as of Nov 6, 2026. Over the past year ETSY shares changed +22.93% versus +1.07% for SHOP (price change, dividends excluded).
Key Figures Side by Side
| Metric | ETSY | SHOP |
|---|---|---|
| Market cap | $10.54B | $193.28B |
| P/E ratio (TTM) | 10.68 | 99.75 |
| Forward P/E | 41.62 | 137.57 |
| Revenue growth (TTM, YoY) | 5.74% | 33.07% |
| Gross margin (TTM) | 72.62% | 47.72% |
| Operating margin (TTM) | 16.91% | 17.82% |
| Net profit margin (TTM) | 34.36% | 14.66% |
| Dividend yield | 0.00% | 0.00% |
| 1-year price change | +22.93% | +1.07% |
| Sector | Consumer Discretionary | Technology |
| Industry | Internet Retail | Software - Application |
Source: Exchange price data and company financial statements. Data as of Nov 6, 2026. Data sources and methodology
Interactive ETSY vs SHOP Comparison
Performance Comparison
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Comparison Results
Marked values are the best in their row where higher or lower is clearly better.
Frequently Asked Questions
Which is bigger, ETSY or SHOP?
Shopify Inc. (SHOP) is larger as of Nov 6, 2026, with a market capitalization of $193.28B against $10.54B for Etsy, Inc. (ETSY), about 18.3 times the size.
Which stock is cheaper, ETSY or SHOP?
On trailing earnings ETSY is cheaper as of Nov 6, 2026: it trades at 10.7x versus 99.8x for SHOP. On forward earnings ETSY trades at 41.6x and SHOP at 137.6x. A lower multiple can also reflect slower expected growth.
Which pays a higher dividend, ETSY or SHOP?
Neither ETSY nor SHOP paid a dividend over the trailing twelve months as of Nov 6, 2026.
Which has performed better, ETSY or SHOP?
ETSY has done better over the past year to Nov 6, 2026: its shares changed +22.93% against +1.07% for SHOP. These are price changes and exclude dividends.