• Etsy average pre-tax profit margin for 2023 was -7.71%, a 63% decline from 2022.
• Etsy average pre-tax profit margin for 2022 was -4.73%, a 121.13% increase from 2021.
• Etsy average pre-tax profit margin for 2021 was 22.39%, a 52.52% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.