Companies /Consumer Cyclical

EBay Inc

NASDAQ: EBAY Internet Retail
$106.70
▲ $1.72 (+1.64%) today
Markets closed · 11:53pm ET

Q3 2026 Earnings

Reported Aug 5, 2026, 4:07pm ET · SEC source
$1.60
Beat +6.24%
EPS · est. $1.51 Adjusted
$3.1B
Beat +3.88%
Revenue · est. $3.0B
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−2%0+2%Aug 5Aug 6report 4:07pm ETearnings−0.2%+0.1%
−2%0+2%Aug 5Aug 6earnings−0.2%+0.1%
EBAY +0.1%S&P 500 −0.2%
−2%0+2%Aug 5Aug 6report 4:07pm ETearnings−0.2%+0.1%
−2%0+2%Aug 5Aug 6earnings−0.2%+0.1%
EBAY +0.1%NASDAQ −0.2%
−8%−4%0Aug 4Aug 13report 4:07pm ETearnings+0.9%−5.9%
−8%−4%0Aug 4Aug 13earnings+0.9%−5.9%
EBAY −5.9%S&P 500 +0.9%
−8%−4%0Aug 4Aug 13report 4:07pm ETearnings+2.2%−5.9%
−8%−4%0Aug 4Aug 13earnings+2.2%−5.9%
EBAY −5.9%NASDAQ +2.2%
+1.40%
Day of report
−0.91%
Next session
−7.95%
One week

Did EBAY Beat Earnings? Q3 2026 Results

eBay turned in a strong third quarter of fiscal 2026, beating Wall Street expectations on both the top and bottom lines and extending its streak of consensus EPS beats to four consecutive quarters. The company reported adjusted non-GAAP EPS of $1.60, ahead of the $1.51 consensus estimate by 6.24%, while revenue climbed 14.8% year over year to $3.13 billion, topping the $3.02 billion estimate by 3.88%. The headline numbers were powered by robust gross merchandise volume growth of 15% to $22.40 billion, with U.S. GMV alone rising 24% year over year, and advertising revenue reaching $596.00 million, or roughly 2.7% of GMV. The July 30 closing of eBay's $1.40 billion acquisition of Depop, the Gen Z-focused fashion resale marketplace, marked a significant strategic shift toward circular commerce, though the deal prompted at least one analyst downgrade on concerns about its impact on future earnings. Looking ahead, eBay guided Q3 2026 revenue of $3.07 billion to $3.12 billion and non-GAAP EPS of $1.36 to $1.42, while raising its full-year outlook on the strength of its underlying business momentum.

Key Takeaways
  • 15% GMV growth (14% FX-neutral) to $22.4 billion
  • U.S. GMV grew 24% year-over-year to $11.7 billion
  • First-party advertising revenue grew 25% (24% FX-neutral)
  • eBay Live posted record quarter with GMV growing roughly 8x year-over-year
  • GAAP operating margin expanded to 21.6% from 17.6%
  • Active buyers grew 2% year-over-year to 136 million
  • 44% of revenue from international markets

“eBay's second quarter delivered meaningful, broad-based momentum driven by continued innovation and focused execution against our strategic roadmap. This quarter once again demonstrated our ability to focus on our strategic priorities while still delivering strong growth in operating income and EPS.”

eBay CEO, on the earnings call

Forward Guidance & Outlook

For Q3 2026, eBay guided revenue of $3.07-$3.12 billion (FX-neutral Y/Y growth of 8%-10%), GMV of $22.0-$22.4 billion (FX-neutral Y/Y growth of 10%-12%), GAAP diluted EPS of $0.94-$0.99, and non-GAAP diluted EPS of $1.36-$1.42. This guidance includes the expected impact from the Depop acquisition which closed July 30, 2026. The company noted it is increasing its full-year top- and bottom-line outlook given strong business momentum.

EBAY YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$900.0M$1.8B$2.7B$2.7B$3.1BRevenue$2.0B$2.3BGross Profit$484.0M$676.0MOperating Income$368.0M$552.0MNet Income
$0$900.0M$1.8B$2.7BRevenueGross ProfitOperating IncomeNet Income

EBAY Revenue by Segment

Advertising$596.0M+13.5%
First-Party Advertising$570.0M+25.0%

EBAY Revenue by Geography

United States$1.8B
Rest of World$1.4B

Figures from SEC filings and company reports. Not investment advice.