eBay (EBAY) Q1 2026 Earnings
How Did EBAY Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: +5.69%.
Did EBAY Beat Earnings? Q1 2026 Results
Yes. eBay reported Q1 2026 earnings of $1.66 a share on Apr 29, 2026, beating the $1.58 consensus estimate by 5.1%. Revenue was $3.1B.
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.
- 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'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.”
eBay CEO, on the earnings call
What Was eBay's Outlook in Q1 2026?
For Q2 2026, eBay guided revenue of $2.97–$3.03 billion (8–10% FX-neutral Y/Y growth), GMV of $21.3–$21.7 billion (8–10% FX-neutral Y/Y growth), diluted GAAP EPS of $1.09–$1.14, and diluted non-GAAP EPS of $1.46–$1.51. The company is using a non-GAAP effective tax rate of 17.5% in 2026, up from 16.5% in 2025.
EBAY YoY Financials
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $3.1B | $2.6B | +19.5% |
| Gross Profit | $2.3B | $1.9B | +22.8% |
| Operating Income | $611.0M | $616.0M | −0.8% |
| Net Income | $512.0M | $503.0M | +1.8% |
EBAY Revenue by Segment
EBAY Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.