• Etsy average net profit margin for 2023 was -7.52%, a 72.08% decline from 2022.
• Etsy average net profit margin for 2022 was -4.37%, a 119.69% increase from 2021.
• Etsy average net profit margin for 2021 was 22.19%, a 48.73% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.