Jun 2026 (Q2 FY26) — Aug 5, 2026
eBay Q2 FY26 — Strong Growth Across Strategic Priorities and Depop Acquisition
Read the full calleBay (EBAY) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
eBay earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,134 | +14.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 21.6 | +4.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 550 | +51.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
45 of 45 judged targets kept · 26 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Close the acquisition of Depop | close in Q2 of 2026 | Dec 2025 | On July 30, we closed the acquisition of Depop for $1.4 billion in cash | Achieved* |
| Depop contribution to total FX-neutral GMV growth | 1 to 2 percentage points | Dec 2025 | This includes an expected contribution of roughly 1.5 percentage points from Depop | Revised Up |
| Full-year capital expenditures as a percentage of revenue | 4% to 5% of revenue | Dec 2025 | We forecast capital expenditures to be between 4% and 5% of revenue for the full year. | On Track |
26 of EBAY INC's 71 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 68 more targets are in the full ledger.
Claimed
- Gross Merchandise Volume (GMV) grew 14% year-over-year to over $22 billion, exceeding expectations.
- Revenue grew 14% to over $3 billion, also surpassing guidance.
- Non-GAAP operating income grew 16% to $893 million, and non-GAAP EPS grew 17% to $1.60.
- Focused category GMV grew 26% and now represents over 40% of total GMV for the first time.
- C2C GMV grew over 20%, outpacing overall GMV, with strong growth in sellers and supply.
Qualified
- Q3 GMV guidance implies a deceleration from Q2 due to lapping dynamics, including the U.S. Klarna partnership and marketing efficiency gains.
- Depop acquisition is expected to be a 3- to 4-point headwind to non-GAAP operating income growth and a mid-single-digit headwind to non-GAAP EPS growth in Q3 FY26.
- International GMV growth, while improving, remains lower at 4% year-over-year, impacted by continued weaker macroeconomic conditions.
- Full-year 2026 revenue growth is expected to be roughly 0.5 point below GMV growth due to mix shifts and Depop's impact.
- Non-GAAP tax rate for full year 2026 is expected to be 17.5%, 1 percentage point higher than 2025.
Price
$120.47 +0.16% · +$0.19
Performance +30.9% 1Y
1Y: $92.01 on 17 Oct 2025 → $120.47. High $122.91 (15 Oct 2026), low $79.41 (12 Feb 2026).
- Previous close
- $120.28
- 52-week range
- $79.41 – $122.91
- One year
- +25.95%
Overview
- Symbol
- EBAY
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
45 of 45 judged targets kept · 26 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Close the acquisition of Depop | close in Q2 of 2026 | Dec 2025 | On July 30, we closed the acquisition of Depop for $1.4 billion in cash | Achieved* |
| Depop contribution to total FX-neutral GMV growth | 1 to 2 percentage points | Dec 2025 | This includes an expected contribution of roughly 1.5 percentage points from Depop | Revised Up |
| Full-year capital expenditures as a percentage of revenue | 4% to 5% of revenue | Dec 2025 | We forecast capital expenditures to be between 4% and 5% of revenue for the full year. | On Track |
Claimed
- Gross Merchandise Volume (GMV) grew 14% year-over-year to over $22 billion, exceeding expectations.
- Revenue grew 14% to over $3 billion, also surpassing guidance.
- Non-GAAP operating income grew 16% to $893 million, and non-GAAP EPS grew 17% to $1.60.
- Focused category GMV grew 26% and now represents over 40% of total GMV for the first time.
- C2C GMV grew over 20%, outpacing overall GMV, with strong growth in sellers and supply.
Qualified
- Q3 GMV guidance implies a deceleration from Q2 due to lapping dynamics, including the U.S. Klarna partnership and marketing efficiency gains.
- Depop acquisition is expected to be a 3- to 4-point headwind to non-GAAP operating income growth and a mid-single-digit headwind to non-GAAP EPS growth in Q3 FY26.
- International GMV growth, while improving, remains lower at 4% year-over-year, impacted by continued weaker macroeconomic conditions.
- Full-year 2026 revenue growth is expected to be roughly 0.5 point below GMV growth due to mix shifts and Depop's impact.
- Non-GAAP tax rate for full year 2026 is expected to be 17.5%, 1 percentage point higher than 2025.
The full ledger
Open EBAY INC’s full ledger
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Call summaries
Mar 2026 (Q1 FY26) — Apr 29, 2026
eBay Q1 FY26 — Broad-based GMV acceleration led by collectibles and AI-native marketplace
Read the full callDec 2025 (Q4 FY25) — Feb 18, 2026
eBay Q4 FY25 — Strong GMV Growth & Depop Acquisition
Read the full callEvery analysed call
eBay earnings calls (EBAY)
Financials
What the filings say
Net profit, year on year: +51% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,576 | 2,579 | 2,585 | 2,730 | 2,820 | 2,965 | 3,089 | 3,134 |
| Operating profit | 595 | 543 | 611 | 479 | 576 | 601 | 611 | 676 |
| Operating margin | 23.1% | 21.1% | 23.6% | 17.6% | 20.4% | 20.3% | 19.8% | 21.6% |
| Interest | 63 | 65 | 61 | 62 | 62 | 61 | 61 | 65 |
| Profit before tax | 797 | 617 | 629 | 472 | 573 | 623 | 618 | 665 |
| Tax rate | 20.2% | −10.2% | 20.4% | 22.7% | −4.2% | 15.7% | 17.1% | 17.0% |
| Net profit | 634 | 679 | 499 | 364 | 632 | 528 | 512 | 550 |
| EPS ($ per share) | 1.31 | — | 1.07 | 0.79 | 1.39 | — | 1.14 | 1.24 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 16,459 | 17,754 | 22,961 | 36,090 | 34,315 | 36,531 | 37,951 | 39,296 |
| Total liabilities | 16,538 | 15,304 | 15,749 | 16,848 | 15,697 | 15,224 | 14,207 | 12,954 |
| Fixed assets | 1,597 | 1,460 | 1,292 | 1,236 | 1,238 | 1,243 | 1,263 | 1,165 |
| Investments | 2,713 | 1,850 | 2,392 | 5,944 | 2,625 | — | — | — |
| Total assets | 22,819 | 18,174 | 19,310 | 26,626 | 20,850 | 21,620 | 19,365 | 17,437 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,658 | 3,114 | 2,419 | 2,657 | 2,254 | 2,426 | 2,414 | 1,959 |
| Cash from investing | 2,894 | 2,787 | 3,794 | 3,663 | 2,461 | 240 | 2,213 | 1,420 |
| Cash from financing | -5,398 | -7,091 | -5,692 | -6,532 | -3,792 | -2,450 | -3,806 | -3,661 |
| Net cash flow | 79 | -1,223 | 598 | -188 | 866 | 221 | 793 | -231 |
| Capital expenditure | -623 | -508 | -463 | -444 | -449 | -456 | -458 | -525 |
| Free cash flow | 2,035 | 2,606 | 1,956 | 2,213 | 1,805 | 1,970 | 1,956 | 1,434 |
EBAY revenue by segment
Marketplace Revenues shrank from 83% to 81% of revenue over the last six quarters.
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|
| Marketplace Revenues | 83% | 82% | 81% | 82% | 81% | 81% | +12.9% |
| Advertising Revenues | 17% | 18% | 19% | 18% | 19% | 19% | +23.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
EBAY operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Active buyers | <134MActive buyers grew over 1% to nearly 134 million in Q4.Source: earnings call transcript | 134MOur trailing 12-month active buyers grew over 1% to $134 million in the first quarter.Source: earnings call transcript | 134M+Our trailing 12-month active buyers were over 134 million in Q3, up 1% year-over-year.Source: earnings call transcript | — | — | 136MActive buyers grew nearly 2% to 136 million on a trailing 12-month basis, including buyers from recently acquired, Tise.Source: earnings call transcript | — |
| Enthusiast buyers | ~16MEnthusiast buyers remained stable at roughly 16 million and spend per enthusiast buyer grew slightly year-over-year to more than $3,100.Source: earnings call transcript | — | ~16MEnthusiast buyers remained stable at roughly $16 million, while spend per enthusiast buyer grew year-over-year to over $3,200 on a trailing 12-month basis.Source: earnings call transcript | ~16MEnthusiast buyers were stable at roughly 16 million while spend per enthusiast buyer grew year-over-year to over $3,300 on a trailing 12-month basis.Source: earnings call transcript | — | 16MEnthusiast buyers totaled 16 million and grew by nearly 3% year-over-year and spend per enthusiast buyer increased to approximately $3,600 on a trailing 12-month basis.Source: earnings call transcript | — |
| Spend per enthusiast buyer | $3,100+Enthusiast buyers remained stable at roughly 16 million and spend per enthusiast buyer grew slightly year-over-year to more than $3,100.Source: earnings call transcript | $3,100+Enthusiast buyers grew roughly 16 million and spend per enthusiast buyer grew slightly year-over-year and remained at over $3,100.Source: earnings call transcript | $3,200+Enthusiast buyers remained stable at roughly $16 million, while spend per enthusiast buyer grew year-over-year to over $3,200 on a trailing 12-month basis.Source: earnings call transcript | $3,300+Enthusiast buyers were stable at roughly 16 million while spend per enthusiast buyer grew year-over-year to over $3,300 on a trailing 12-month basis.Source: earnings call transcript | $3,400+Enthusiast buyers remained at roughly $16 million, but grew by nearly 2% year-over-year and spend exceeded $3,400 on a trailing 12-month basis.Source: earnings call transcript | ~$3,600Enthusiast buyers totaled 16 million and grew by nearly 3% year-over-year and spend per enthusiast buyer increased to approximately $3,600 on a trailing 12-month basis.Source: earnings call transcript | — |
| Sellers adopting advertising products | ~3.4MApproximately 3.4 million sellers adopted a single ad product during the quarter, and we ended Q4 with more than 1.1 billion live Promoted Listings out of nearly $2.3 billion total listings on eBay.Source: earnings call transcript | 3.7M+Over 3.7 million sellers adopted a single Promoted Listing product during Q1.Source: earnings call transcript | 4.4M+Active Promoted Listings comprised nearly 1.2 billion of more than 2.4 billion total listings on eBay, while over 4.4 million sellers adopted at least a single Promoted Listings product during the quarter.Source: earnings call transcript | 4.8MPromoted listings comprised nearly 1.2 billion of the roughly 2.5 billion total listings on eBay while 4.8 million sellers adopted at least 1 promoted listing product during the quarter.Source: earnings call transcript | 5.2MPromoted Listings comprised over $1.2 billion of the over $2.5 billion total listings on eBay and 5.2 million sellers adopted at least 1 promoted listing product during the quarter.Source: earnings call transcript | 5.7MPromoted Listings comprised nearly $1.3 billion of the $2.6 billion total listings on eBay and 5.7 million sellers adopted at least 1 promoted listing product during the quarter.Source: earnings call transcript | +9.6% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2026 · share of revenue
- US 56% ↑ 6 pt
- Restof World 21% ↑ 8 pt
- GB 12% ↓ 3 pt
- CN 11% ↓ 1 pt
As EBAY cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
372 filings between Nov 1, 2025 and Oct 6, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$57.05M
108 sales by 6 insiders
94% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 15
- Award — granted as compensation
- 130
- Option exercise — converted options into shares
- 115
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| IANNONE JAMIE | — | $25.73M | Oct 6, 2026 |
| Sweetnam Jordan Douglas Bradley | — | $12.37M | Aug 18, 2026 |
| Rawashdeh Mazen | — | $8.39M | Jun 17, 2026 |
| Boone Cornelius | — | $8.24M | Jun 5, 2026 |
| Loeger Julie A | — | $1.60M | Mar 12, 2026 |
| SPENCER REBECCA | — | $722.8K | Aug 10, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 6, 2026 | IANNONE JAMIE President and CEO | Sale 10b5-1 plan | 6,830 | $725.9K |
| Oct 6, 2026 | IANNONE JAMIE President and CEO | Sale 10b5-1 plan | 2,841 | $303.9K |
| Oct 6, 2026 | IANNONE JAMIE President and CEO | Sale 10b5-1 plan | 1,439 | $151.5K |
| Oct 5, 2026 | IANNONE JAMIE President and CEO | Sale 10b5-1 plan | 9,965 | $1.07M |
| Oct 5, 2026 | IANNONE JAMIE President and CEO | Sale 10b5-1 plan | 1,145 | $122.0K |
| Sep 15, 2026 | WELLINGTON SAMANTHA SVP, Chief Legal Officer | Option exercise | 1,880 | $0 |
| Sep 15, 2026 | Boone Cornelius SVP, Chief People Officer | Tax withheld | 833 | $90.0K |
| Sep 15, 2026 | WELLINGTON SAMANTHA SVP, Chief Legal Officer | Option exercise | 1,507 | $0 |
| Sep 15, 2026 | Loeger Julie A SVP, Chief Growth Officer | Option exercise | 3,799 | $0 |
| Sep 15, 2026 | Loeger Julie A SVP, Chief Growth Officer | Option exercise | 2,914 | $0 |
| Sep 15, 2026 | Boone Cornelius SVP, Chief People Officer | Option exercise | 1,713 | $0 |
| Sep 15, 2026 | Loeger Julie A SVP, Chief Growth Officer | Tax withheld | 1,468 | $158.6K |
| Sep 15, 2026 | Boone Cornelius SVP, Chief People Officer | Option exercise | 2,200 | $0 |
| Sep 15, 2026 | Boone Cornelius SVP, Chief People Officer | Option exercise | 2,206 | $0 |
| Sep 15, 2026 | Boone Cornelius SVP, Chief People Officer | Tax withheld | 844 | $91.2K |
| Sep 15, 2026 | Loeger Julie A SVP, Chief Growth Officer | Tax withheld | 1,627 | $175.8K |
| Sep 15, 2026 | Loeger Julie A SVP, Chief Growth Officer | Tax withheld | 1,264 | $136.5K |
| Sep 15, 2026 | Boone Cornelius SVP, Chief People Officer | Option exercise | 2,778 | $0 |
| Sep 15, 2026 | Sweetnam Jordan Douglas Bradley SVP, Chief Commercial Officer | Tax withheld | 1,760 | $190.1K |
| Sep 15, 2026 | Sweetnam Jordan Douglas Bradley SVP, Chief Commercial Officer | Tax withheld | 1,881 | $203.2K |
| Sep 15, 2026 | Sweetnam Jordan Douglas Bradley SVP, Chief Commercial Officer | Option exercise | 3,289 | $0 |
| Sep 15, 2026 | Loeger Julie A SVP, Chief Growth Officer | Option exercise | 3,472 | $0 |
| Sep 15, 2026 | Sweetnam Jordan Douglas Bradley SVP, Chief Commercial Officer | Option exercise | 3,611 | $0 |
| Sep 15, 2026 | SPENCER REBECCA VP, Chief Accounting Officer | Tax withheld | 227 | $24.5K |
| Sep 15, 2026 | SPENCER REBECCA VP, Chief Accounting Officer | Tax withheld | 80 | $8.6K |
| Sep 15, 2026 | SPENCER REBECCA VP, Chief Accounting Officer | Tax withheld | 289 | $31.2K |
| Sep 15, 2026 | SPENCER REBECCA VP, Chief Accounting Officer | Tax withheld | 347 | $37.5K |
| Sep 15, 2026 | Rawashdeh Mazen SVP, Chief Technology Officer | Tax withheld | 1,649 | $178.1K |
| Sep 15, 2026 | Rawashdeh Mazen SVP, Chief Technology Officer | Option exercise | 2,124 | $0 |
| Sep 15, 2026 | Rawashdeh Mazen SVP, Chief Technology Officer | Option exercise | 2,500 | $0 |
| Sep 15, 2026 | Alford Peggy SVP, Chief Financial Officer | Option exercise | 2,904 | $0 |
| Sep 15, 2026 | Alford Peggy SVP, Chief Financial Officer | Tax withheld | 1,463 | $158.0K |
| Sep 15, 2026 | Loeger Julie A SVP, Chief Growth Officer | Option exercise | 2,124 | $0 |
| Sep 15, 2026 | SPENCER REBECCA VP, Chief Accounting Officer | Option exercise | 555 | $0 |
| Sep 15, 2026 | Rawashdeh Mazen SVP, Chief Technology Officer | Tax withheld | 1,137 | $122.8K |
| Sep 15, 2026 | Alford Peggy SVP, Chief Financial Officer | Option exercise | 2,467 | $0 |
| Sep 15, 2026 | Rawashdeh Mazen SVP, Chief Technology Officer | Tax withheld | 1,313 | $141.8K |
| Sep 15, 2026 | Alford Peggy SVP, Chief Financial Officer | Tax withheld | 1,253 | $135.4K |
| Sep 15, 2026 | SPENCER REBECCA VP, Chief Accounting Officer | Tax withheld | 73 | $7.9K |
| Sep 15, 2026 | SPENCER REBECCA VP, Chief Accounting Officer | Option exercise | 752 | $0 |
| Sep 15, 2026 | SPENCER REBECCA VP, Chief Accounting Officer | Option exercise | 373 | $0 |
| Sep 15, 2026 | SPENCER REBECCA VP, Chief Accounting Officer | Option exercise | 188 | $0 |
| Sep 15, 2026 | SPENCER REBECCA VP, Chief Accounting Officer | Tax withheld | 207 | $22.4K |
| Sep 15, 2026 | SPENCER REBECCA VP, Chief Accounting Officer | Option exercise | 919 | $0 |
| Sep 15, 2026 | SPENCER REBECCA VP, Chief Accounting Officer | Option exercise | 582 | $0 |
| Sep 15, 2026 | SPENCER REBECCA VP, Chief Accounting Officer | Option exercise | 205 | $0 |
| Sep 15, 2026 | Rawashdeh Mazen SVP, Chief Technology Officer | Tax withheld | 1,295 | $139.9K |
| Sep 15, 2026 | Rawashdeh Mazen SVP, Chief Technology Officer | Option exercise | 2,444 | $0 |
| Sep 15, 2026 | Rawashdeh Mazen SVP, Chief Technology Officer | Option exercise | 3,166 | $0 |
| Sep 15, 2026 | SPENCER REBECCA VP, Chief Accounting Officer | Tax withheld | 139 | $15.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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