Q1 25 EPS
$1.38
BEAT +3.23%
Est. $1.34
Q1 25 Revenue
$2.59B
BEAT +1.50%
Est. $2.55B
vs S&P Since Q1 25
+16.0%
BEATING MARKET
EBAY +54.3% vs S&P +38.3%
Market Reaction
Did EBAY Beat Earnings? Q1 2025 Results
eBay opened 2025 on solid footing, posting a fourth consecutive quarter of positive gross merchandise volume growth as the e-commerce marketplace beat Wall Street expectations on both the top and bottom lines. Non-GAAP earnings per share came in at $… Read more eBay opened 2025 on solid footing, posting a fourth consecutive quarter of positive gross merchandise volume growth as the e-commerce marketplace beat Wall Street expectations on both the top and bottom lines. Non-GAAP earnings per share came in at $1.38, clearing the $1.34 consensus estimate by 3.23%, while revenue of $2.58 billion edged past the $2.55 billion forecast by 1.50%, rising 1.1% year-over-year. The clearest engine behind the results was advertising, where first-party ad products grew 13% to $418 million, reinforcing the platform's expanding monetization capabilities. Free cash flow also strengthened notably, reaching $644 million versus $472 million a year ago, enabling the company to return $759 million to shareholders through buybacks and dividends. Alongside the results, eBay announced a significant leadership reshuffle, including a CFO transition as Peggy Alford steps in to replace departing Steve Priest. Looking ahead, the company guided Q2 revenue of $2.59 billion to $2.66 billion and non-GAAP EPS of $1.24 to $1.31, with management citing tariff uncertainty as a factor behind a wider-than-typical guidance range.
Key Takeaways
- • Focus Categories and geo-specific investments driving momentum
- • Fourth consecutive quarter of positive GMV growth
- • First-party advertising revenue growth of 13% as-reported and 14% FX-Neutral
- • Active buyers grew 1% year-over-year to 134 million
- • U.S. GMV grew 1% year-over-year to $9.07 billion
EBAY YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
EBAY Revenue by Segment
With YoY comparisons, source: SEC Filings
EBAY Revenue by Geography
Regional revenue distribution
“eBay's first quarter results were ahead of expectations, as we delivered our fourth consecutive quarter of positive GMV growth. Our Focus Categories and geo-specific investments are driving momentum in the business, and we continue to innovate – leveraging Al to make our marketplace more efficient and intuitive for customers.”
— Jamie Iannone, Q1 2025 Earnings Press Release
EBAY Earnings Trends
EBAY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
EBAY EPS Trend
Earnings per share: estimate vs actual
EBAY Revenue Trend
Quarterly revenue: estimate vs actual
EBAY Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 BEAT | $1.51 | $1.60 | +6.24% | $3.13B | +3.88% |
| Q1 26 BEAT | $1.58 | $1.66 | +5.06% | $3.09B | — |
| Q4 25 BEAT FY | $1.35 | $1.41 | +4.44% | $2.97B | +3.15% |
| FY Full Year | $5.46 | $5.52 | +1.04% | $11.10B | +0.76% |
| Q3 25 BEAT | $1.33 | $1.36 | +1.90% | $2.82B | +3.27% |
| Q2 25 BEAT | $1.30 | $1.37 | +5.63% | $2.73B | +3.38% |
| Q1 25 BEAT | $1.34 | $1.38 | +3.23% | $2.59B | +1.50% |