Companies /Consumer Cyclical

EBay Inc

NASDAQ: EBAY Internet Retail
$106.70
▲ $1.72 (+1.64%) today
Markets closed · 3:34am ET

Q1 2026 Earnings

Reported Apr 29, 2026, 4:07pm ET · SEC source
$1.66
Beat +5.06%
EPS · est. $1.58 Adjusted
$3.1B
Miss +0.00%
Revenue · est. $0
−0.5%
Trailing market
EBAY vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−3%0+3%Apr 29Apr 30report 4:07pm ETearnings+1.0%+4.0%
−3%0+3%Apr 29Apr 30earnings+1.0%+4.0%
EBAY +4.0%S&P 500 +1.0%
−3%0+3%Apr 29Apr 30report 4:07pm ETearnings+1.0%+4.0%
−3%0+3%Apr 29Apr 30earnings+1.0%+4.0%
EBAY +4.0%NASDAQ +1.0%
0+6%+12%Apr 28May 7report 4:07pm ETearnings+2.8%+3.2%
0+6%+12%Apr 28May 7earnings+2.8%+3.2%
EBAY +3.2%S&P 500 +2.8%
0+6%+12%Apr 28May 7report 4:07pm ETearnings+5.2%+3.2%
0+6%+12%Apr 28May 7earnings+5.2%+3.2%
EBAY +3.2%NASDAQ +5.2%
−0.30%
Day of report
+0.57%
Next session
+2.84%
One week
+5.22%
30 days

S&P 500 over the same 30 days: +5.69%.

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 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'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

Forward Guidance & Outlook

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

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$900.0M$1.8B$2.7B$2.6B$3.1BRevenue$1.9B$2.3BGross Profit$616.0M$611.0MOperating Income$503.0M$512.0MNet Income
$0$900.0M$1.8B$2.7BRevenueGross ProfitOperating IncomeNet Income

EBAY Revenue by Segment

Advertising$581.0M+31.4%
First-Party Advertising$555.0M+33.0%

EBAY Revenue by Geography

United States
Rest of World

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