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D-Market Electronic Services & Trading/$HEPS

1D1W1M3M6MYTD1Y5YMAX

About D-Market Electronic Services & Trading

D-MARKET Electronic Services & Trading offers an e-commerce platform in Turkey and the surrounding region. The company is comprised of one reportable segment, namely e-commerce operations. It's portfolio offers its retail customers a wide selection of merchandise including electronics and non-electronics (including books, sports, toys, kids and baby products, cosmetics, furniture, etc). The Group derives revenue from the sales of goods, marketplace revenues and other revenues.
Ticker
$HEPS
Primary listing
NASDAQ
Employees
3,611
Headquarters
Istanbul, Turkey

HEPS Metrics

BasicAdvanced
$1.2B
-
-$0.38
2.15
-

What the Analysts think about HEPS

Analyst ratings (Buy, Hold, Sell) for D-Market Electronic Services & Trading stock.
Analyst projections of the future price of D-Market Electronic Services & Trading stock.

Bulls say / Bears say

Customer engagement is still growing: nine-month orders rose 11.4%, order frequency increased 11.4% to 7.5, and active customers reached 11.5 million. That gives Hepsiburada a larger, more active base to monetise. (GlobeNewswire)
The business is shifting towards its third-party marketplace, which can grow without the same inventory burden as direct retail. Marketplace share rose to 69.8% of Q3 GMV, and marketplace revenue increased 16.7% over the first nine months. (GlobeNewswire)
Its adjacent services are beginning to show commercial traction: Q3 delivery revenue grew 6.4%, helped by off-platform customers and Hepsijet volumes. The new Hepsitaksit loan product supported purchases equal to 8.4% of smartphone GMV in October. (GlobeNewswire)
Underlying demand weakened in Q3: inflation-adjusted GMV fell 6.6% and revenue fell 6.1%, while average order value dropped 7.3%. Order numbers barely grew, up 0.7%. (GlobeNewswire)
Profitability is under pressure as investment spending has yet to translate into operating leverage. Q3 EBITDA swung to a TRY 134 million loss from a TRY 225 million profit, while the net loss widened to TRY 2.57 billion. (GlobeNewswire)
Cash generation deteriorated sharply, reducing room to fund growth from operations. Free cash flow fell 73.5% in Q3 to TRY 889 million and was down 81.2% over the first nine months. (GlobeNewswire)
Data summarised monthly by Lightyear AI. Last updated on 8 Nov 2026.

HEPS Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

HEPS Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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