Observed Signal · Sep 9, 2026 · Market Signal · Source: Remitly · Impact: 4/5
Remitly partners with Etsy to give sellers more choice in how they get paid globally
In Remitly's first partnership of its kind, new Etsy sellers in 15 countries will have the option to get paid locally via Remitly’s cross-border network. SEATTLE, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) today announced that it has partnered with Etsy (NYSE: ETSY) to ...
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10-Q Financial Filing Analysis for Etsy (2026-10-28)
Etsy, Inc. reported its third-quarter 2026 financial results, highlighted by the closing of the sale of Depop to eBay on July 30, 2026, for $1.4 billion in cash, resulting in a pre-tax gain on sale of $839.7 million recorded within discontinued operations. For continuing operations (the core Etsy marketplace), consolidated revenue grew 10.9% year-over-year to $692.5 million, supported by an 8.8% increase in GMS to $2.65 billion and a 50 bps expansion in take rate to 26.2%. Income from operations reached $111.4 million, while total net income surged to $853.5 million ($7.31 diluted EPS) due to discontinued operations gains. During Q3 2026, Etsy enacted a workforce restructuring plan reducing headcount by approximately 12% (~220 employees) to streamline operational agility, incurring $33.9 million in restructuring charges. The company continued aggressive capital return initiatives, repurchasing 5.18 million shares for $398.0 million during the quarter and securing an additional $2.0 billion share repurchase authorization in August 2026, leaving $2.2 billion in remaining buyback capacity at quarter-end alongside $2.31 billion in cash and short-term investments.
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