Q1 26 EPS Adjusted
$1.66
BEAT +5.06%
Est. $1.58
Q1 26 Revenue
$3.09B
vs S&P Since Q1 26
-5.3%
TRAILING MARKET
EBAY +2.2% vs S&P +7.5%
Market Reaction
Did EBAY Beat Earnings? Q1 2026 Results
eBay posted a strong first quarter of fiscal 2026, beating Wall Street expectations for the fourth consecutive quarter as adjusted diluted EPS of $1.66 topped the $1.58 consensus estimate by 5.06% and revenue climbed 19.5% year-over-year to $3.09 bil… Read more eBay posted a strong first quarter of fiscal 2026, beating Wall Street expectations for the fourth consecutive quarter as adjusted diluted EPS of $1.66 topped the $1.58 consensus estimate by 5.06% and revenue climbed 19.5% year-over-year to $3.09 billion. The standout driver behind the results was advertising, where first-party ad revenue surged 33% to $555 million, helping push total advertising revenue to $581 million, or 2.6% of gross merchandise volume of $22.20 billion. U.S. GMV grew 27% to $11.50 billion, underscoring the platform's domestic momentum, while free cash flow from continuing operations reached $898 million, up sharply from $644 million a year ago. The company also announced a roughly $1.20 billion deal to acquire fashion resale marketplace Depop, signaling a push to attract younger consumers. Adding to the backdrop, Citigroup raised its price target on the stock to $127, maintaining a Buy rating. For Q2 2026, eBay guided revenue of $2.97 billion to $3.03 billion and adjusted diluted EPS of $1.46 to $1.51.
Key Takeaways
- • Focus Categories, C2C and recommerce strategic priorities driving broad-based momentum
- • First-party advertising revenue grew 33% as-reported and 28% FX-neutral
- • U.S. GMV grew 27% year-over-year to $11.5 billion
- • International GMV grew 10% year-over-year to $10.7 billion
- • Active buyers increased 1% year-over-year to 136 million
- • Total advertising revenue represented 2.6% of GMV
EBAY YoY Financials
Q1 2026 vs Q1 2025, 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 marked a strong start to the year. We accelerated GMV growth and delivered performance ahead of expectations. Our Focus Categories, C2C and recommerce strategic priorities are driving broad-based momentum, and strengthening our position as the marketplace of choice for enthusiasts.”
— Jamie Iannone, Q1 2026 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% |