EBAY (eBay Inc.) Stock Financials & Earnings | Market Cap Arena

EBAY (eBay Inc.) Stock Financials & Earnings | Market Cap Arena

EBAYeBay Inc.

Mkt Cap$41B

Consumer Cyclical·Specialty Retail·🇺🇸 United States·NASDAQ

Revenue (TTM)$11.1B

Net Income (TTM)$2.0B

EPS (TTM)$4.34

Free Cash Flow (TTM)$1.4B

Gross Margin71.5%

Op. Margin20.5%

Net Margin18.3%

FCF Margin12.9%

P/S Ratio (TTM)3.7x

P/E Ratio (TTM)20.3x

YoY Rev Growth+7.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$2.5B	$1.8B	$558M
Q2 23	$2.5B	$1.8B	$518M
Q3 23	$2.5B	$1.8B	$455M
Q4 23	$2.6B	$1.9B	$410M
Q1 24	$2.6B	$1.9B	$631M
Q2 24	$2.6B	$1.8B	$549M
Q3 24	$2.6B	$1.8B	$595M
Q4 24	$2.6B	$1.9B	$543M
Q1 25	$2.6B	$1.9B	$616M
Q2 25	$2.7B	$2.0B	$484M
Q3 25	$2.8B	$2.0B	$576M
Q4 25	$3.0B	$2.1B	$601M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	4.2x	64.7x
Q2 23	4.2x	30.8x
Q3 23	4.1x	15.2x
Q4 23	4.1x	14.9x
Q1 24	4.1x	15.7x
Q2 24	4.1x	15.4x
Q3 24	4.0x	20.5x
Q4 24	4.0x	20.9x
Q1 25	4.0x	20.3x
Q2 25	3.9x	18.9x
Q3 25	3.9x	18.9x
Q4 25	3.7x	20.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$841M	$709M
Q2 23	$601M	$488M
Q3 23	$862M	$777M
Q4 23	$122M	-$4M
Q1 24	$615M	$472M
Q2 24	$367M	$278M
Q3 24	$755M	$646M
Q4 24	$677M	$560M
Q1 25	$787M	$644M
Q2 25	-$307M	-$441M
Q3 25	$896M	$765M
Q4 25	$583M	$466M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$132M
Q2 23	$113M
Q3 23	$85M
Q4 23	$126M
Q1 24	$143M
Q2 24	$89M
Q3 24	$109M
Q4 24	$117M
Q1 25	$143M
Q2 25	$134M
Q3 25	$131M
Q4 25	$117M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+1.1%	+9.0%
Q2 23	+4.9%	+6.6%
Q3 23	+5.0%	+12.9%
Q4 23	+2.1%	+10.6%
Q1 24	+1.8%	-1.4%
Q2 24	+1.3%	+0.0%
Q3 24	+3.0%	-3.1%
Q4 24	+0.7%	-5.4%
Q1 25	+1.1%	+2.3%
Q2 25	+6.1%	+11.0%
Q3 25	+9.5%	+13.3%
Q4 25	+15.0%	+16.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$128M	5.1%
Q2 23	$154M	6.1%
Q3 23	$144M	5.8%
Q4 23	$149M	5.8%
Q1 24	$146M	5.7%
Q2 24	$154M	6.0%
Q3 24	$146M	5.7%
Q4 24	$142M	5.5%
Q1 25	$136M	5.3%
Q2 25	$165M	6.0%
Q3 25	$147M	5.2%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$352M	$297M	$511M
Q2 23	$392M	$251M	$566M
Q3 23	$401M	$283M	$567M
Q4 23	$399M	$365M	$573M
Q1 24	$351M	$238M	$541M
Q2 24	$379M	$241M	$577M
Q3 24	$374M	$194M	$592M
Q4 24	$375M	$241M	$609M
Q1 25	$362M	$261M	$536M
Q2 25	$421M	$371M	$586M
Q3 25	$423M	$282M	$606M
Q4 25	$436M	$284M	$666M

Revenue Segments

Quarter	Advertising Revenues	Marketplaces
Q1 25	$442M	$2.1B
Q2 25	$482M	$2.2B
Q3 25	$525M	$2.3B
Q4 25	$544M	$2.4B

Revenue by Geography

Quarter	Germany	Rest of World	United Kingdom	United States	China
Q1 23	$252M	$616M	$381M	$1.3B	—
Q2 23	$244M	$355M	$413M	$1.3B	$263M
Q3 23	$235M	$336M	$406M	$1.3B	$264M
Q1 24	$242M	$347M	$390M	$1.3B	$275M
Q2 24	$247M	$349M	$392M	$1.3B	$291M
Q3 24	$238M	$346M	$397M	$1.3B	$293M
Q4 24	$245M	$354M	$329M	$1.3B	$310M
Q1 25	$230M	$381M	$331M	$1.3B	$297M
Q2 25	$253M	$385M	$381M	$1.4B	$314M
Q3 25	$249M	$372M	$422M	$1.5B	$324M
Q4 25	$246M	$377M	$431M	$1.6B	$318M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$2.1B	$4.7B	$6.9B
Q2 23	$2.3B	$4.8B	$7.1B
Q3 23	$2.6B	$6.1B	$8.7B
Q4 23	$2.0B	$7.0B	$9.0B
Q1 24	$2.2B	$6.0B	$8.2B
Q2 24	$2.2B	$3.2B	$5.4B
Q3 24	$1.9B	$3.3B	$5.2B
Q4 24	$2.8B	$3.5B	$6.2B
Q1 25	$3.5B	$1.8B	$5.3B
Q2 25	$2.6B	$1.7B	$4.3B
Q3 25	$2.4B	$955M	$3.4B
Q4 25	$1.9B	$1.1B	$2.9B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	541M	-0.6%
Q2 23	537M	-0.7%
Q3 23	532M	-0.9%
Q4 23	521M	-2.1%
Q1 24	519M	-0.4%
Q2 24	507M	-2.3%
Q3 24	494M	-2.6%
Q4 24	501M	+1.4%
Q1 25	475M	-5.2%
Q2 25	470M	-1.1%
Q3 25	467M	-0.6%
Q4 25	460M	-1.5%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$254K	35K
FY 15	$741K	12K
FY 16	$738K	13K
FY 17	$704K	14K
FY 18	$618K	14K
FY 19	$559K	13K
FY 20	$700K	13K
FY 21	$965K	11K
FY 22	$844K	12K
FY 23	$822K	12K
FY 24	$894K	12K
FY 25	$902K	12K