EBAY INC (EBAY) Research | Aerarium Research

Forward Estimates

EPS Estimates

Current Qtr

$1.51

$1.48$1.55

vs $1.37+10.2%

21 analysts

Next Qtr

$1.45

$1.40$1.50

vs $1.36+6.6%

16 analysts

Current Yr

$6.13

$6.05$6.25

vs $5.52+11.1%

19 analysts

Next Yr

$6.76

$6.54$7.00

vs $6.13+10.3%

19 analysts

Revenue Estimates

Current Qtr

$3.02B

$2.99B$3.04B

vs $2.73B+10.4%

20 analysts

Next Qtr

$2.96B

$2.91B$3.01B

vs $2.82B+4.9%

17 analysts

Current Yr

$12.14B

$11.92B$12.22B

vs $11.10B+9.4%

17 analysts

Next Yr

$12.72B

$12.28B$13.35B

vs $12.14B+4.8%

17 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for EBAY on EDGAR.

EBAY filing events and research context
Filed	Item	Context
Apr 29, 2026	mda_quarterly	Net revenues for the first quarter of 2026 increased 19% to $3.09 billion, supported by an 18% rise in Gross Merchandise Volume (GMV) to $22.2 billion. Growth was primarily driven by strong U.S. demand—where revenues grew 29%—and outperformance in Collectibles, Motor Parts & Accessories, Fashion, and Electronics. Advertising revenues grew 31% to $581 million, reflecting increased first-party ad penetration and attribution improvements. Despite revenue growth, operating margin declined to 19.8% from 23.6%, impacted by a 57% increase in general and administrative expenses, which included $104 million in restructuring costs and executive bonuses. Transaction losses also rose 70% due to new initiatives and fraud fluctuations. Strategically, eBay entered a definitive agreement to acquire C2C fashion marketplace Depop for approximately $1.2 billion in cash. Capital allocation focused on shareholder returns, with $500 million in stock repurchases and $139 million in dividends, alongside a new $2 billion repurchase authorization. While cash flow from operations grew to $970 million, the company remains exposed to international macroeconomic volatility and foreign exchange fluctuations, although a weakening U.S. dollar provided a $78 million favorable impact this period.
Feb 19, 2026	business	eBay operates as a single-segment global marketplace, generating revenue primarily through marketplace transaction fees and an expanding advertising business. For the fiscal year ended 2025, total net revenues reached $11.1 billion, with advertising revenue showing significant growth to $1.99 billion, up from $1.44 billion in 2023. The company maintains a strong international presence, with substantial revenue streams from the United Kingdom, China, and Germany, alongside its core United States market. Strategic growth is pursued through targeted acquisitions, including the 2025 purchases of Caramel, an automotive transaction solution provider, and Tise, a consumer-to-consumer social marketplace. Additionally, eBay entered a definitive agreement to acquire the fashion marketplace Depop for approximately $1.2 billion, expected to close in 2026. Financial management focuses on maintaining a robust balance sheet, supported by a portfolio of investment-grade corporate bonds and government securities. The company actively manages foreign exchange and interest rate risks through derivative instruments, including foreign currency forward contracts and interest rate swaps. eBay’s capital structure includes a diverse range of senior notes, with recent financing activity involving the issuance of $1.0 billion in senior notes in 2025 to optimize its debt maturity profile.
Feb 19, 2026	mda	eBay Inc. reported 2025 net revenues of $11.1 billion, an 8% increase from $10.3 billion in 2024, driven by higher Gross Merchandise Volume (GMV), increased first-party advertising penetration, and the expansion of its U.K. shipping program. GMV reached $79.6 billion, bolstered by strong performance in "Focus Categories" such as Collectibles, Motors Parts & Accessories, Luxury, Refurbished, Apparel, and Sneakers. Growth was partially offset by macroeconomic pressures, including inflationary concerns, elevated interest rates, and the elimination of the U.S. de minimis trade exemption, which increased order cancellations. Operating margins compressed to 20.5% from 22.5% in 2024, primarily due to higher restructuring costs, legal accruals, and increased shipping expenses. The company maintains a strong liquidity position, ending 2025 with $4.8 billion in cash and short-term investments. Capital allocation remains aggressive; eBay repurchased $2.5 billion in common stock and authorized an incremental $2.0 billion for future repurchases. Additionally, the company announced a definitive agreement to acquire Depop, Inc. for approximately $1.2 billion in cash, expected to close in the second quarter of 2026 to strengthen its position in the C2C fashion recommerce market. eBay continues to navigate risks related to foreign exchange volatility, global trade policy shifts, and ongoing legal and regulatory proceedings.

Filed

Item

Context

Apr 29, 2026

mda_quarterly

Net revenues for the first quarter of 2026 increased 19% to $3.09 billion, supported by an 18% rise in Gross Merchandise Volume (GMV) to $22.2 billion. Growth was primarily driven by strong U.S. demand—where revenues grew 29%—and outperformance in Collectibles, Motor Parts & Accessories, Fashion, and Electronics. Advertising revenues grew 31% to $581 million, reflecting increased first-party ad penetration and attribution improvements. Despite revenue growth, operating margin declined to 19.8% from 23.6%, impacted by a 57% increase in general and administrative expenses, which included $104 million in restructuring costs and executive bonuses. Transaction losses also rose 70% due to new initiatives and fraud fluctuations. Strategically, eBay entered a definitive agreement to acquire C2C fashion marketplace Depop for approximately $1.2 billion in cash. Capital allocation focused on shareholder returns, with $500 million in stock repurchases and $139 million in dividends, alongside a new $2 billion repurchase authorization. While cash flow from operations grew to $970 million, the company remains exposed to international macroeconomic volatility and foreign exchange fluctuations, although a weakening U.S. dollar provided a $78 million favorable impact this period.

Feb 19, 2026

business

eBay operates as a single-segment global marketplace, generating revenue primarily through marketplace transaction fees and an expanding advertising business. For the fiscal year ended 2025, total net revenues reached $11.1 billion, with advertising revenue showing significant growth to $1.99 billion, up from $1.44 billion in 2023. The company maintains a strong international presence, with substantial revenue streams from the United Kingdom, China, and Germany, alongside its core United States market. Strategic growth is pursued through targeted acquisitions, including the 2025 purchases of Caramel, an automotive transaction solution provider, and Tise, a consumer-to-consumer social marketplace. Additionally, eBay entered a definitive agreement to acquire the fashion marketplace Depop for approximately $1.2 billion, expected to close in 2026. Financial management focuses on maintaining a robust balance sheet, supported by a portfolio of investment-grade corporate bonds and government securities. The company actively manages foreign exchange and interest rate risks through derivative instruments, including foreign currency forward contracts and interest rate swaps. eBay’s capital structure includes a diverse range of senior notes, with recent financing activity involving the issuance of $1.0 billion in senior notes in 2025 to optimize its debt maturity profile.

Feb 19, 2026

mda

eBay Inc. reported 2025 net revenues of $11.1 billion, an 8% increase from $10.3 billion in 2024, driven by higher Gross Merchandise Volume (GMV), increased first-party advertising penetration, and the expansion of its U.K. shipping program. GMV reached $79.6 billion, bolstered by strong performance in "Focus Categories" such as Collectibles, Motors Parts & Accessories, Luxury, Refurbished, Apparel, and Sneakers. Growth was partially offset by macroeconomic pressures, including inflationary concerns, elevated interest rates, and the elimination of the U.S. de minimis trade exemption, which increased order cancellations. Operating margins compressed to 20.5% from 22.5% in 2024, primarily due to higher restructuring costs, legal accruals, and increased shipping expenses. The company maintains a strong liquidity position, ending 2025 with $4.8 billion in cash and short-term investments. Capital allocation remains aggressive; eBay repurchased $2.5 billion in common stock and authorized an incremental $2.0 billion for future repurchases. Additionally, the company announced a definitive agreement to acquire Depop, Inc. for approximately $1.2 billion in cash, expected to close in the second quarter of 2026 to strengthen its position in the C2C fashion recommerce market. eBay continues to navigate risks related to foreign exchange volatility, global trade policy shifts, and ongoing legal and regulatory proceedings.

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EBAY filing events and research context

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