EBAY

MKT CAP:$46B

eBay Inc.

Market Cap

$46B

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

Consumer Cyc.·Specialty Retail·🇺🇸·NASDAQ

Stock Price

$100.45+$13.39 (+15.39%)

Apr 24, 2026

Company Details

eBay Inc. operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platfor...

CEO

Jamie J. Iannone

IPO Date

Sep 24, 1998

Website

www.ebayinc.com

Key Metrics TTM

Revenue

$10.5B

+3.6% YoY

Net Income

$2.2B

EPS (Diluted)

$4.52

Free Cash Flow

$1.4B

Revenue / Share

$22.28

Gross Margin

71.9%

Operating Margin

21.4%

Net Margin

20.9%

FCF Margin

13.5%

P/S

4.4x

P/E

20.9x

Earnings Reports

Q3 2025

Apr 29, 2026

PENDING

Q2 2025

Jul 31, 2025

$2.7BEPS $0.78

Q1 2025

May 1, 2025

$2.6B+1.1%EPS $1.06

FY 2024

Feb 27, 2025

$10.3B+1.7%EPS $3.94

Q4 2024

Feb 27, 2025

$2.6BEPS $1.40

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$2.6B	$2.0B	$841M
Q2 21	$2.7B	$2.0B	$732M
Q3 21	$2.5B	$1.8B	$662M
Q4 21	$2.6B	$1.9B	$688M
Q1 22	$2.5B	$1.8B	$692M
Q2 22	$2.4B	$1.8B	$525M
Q3 22	$2.4B	$1.7B	$568M
Q4 22	$2.5B	$1.8B	$565M
Q1 23	$2.5B	$1.8B	$558M
Q2 23	$2.5B	$1.8B	$518M
Q3 23	$2.5B	$1.8B	$455M
Q1 24	$2.6B	$1.9B	$631M
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

Valuation

Quarter	P/S	P/E
Q1 21	4.0x	14.1x
Q2 21	4.4x	3.6x
Q3 21	4.5x	3.8x
Q4 21	3.8x	2.9x
Q1 22	3.4x	3.0x
Q2 22	2.5x	68.4x
Q3 22	2.0x	719.1x
Q4 22	2.4x	—
Q1 23	2.4x	37.0x
Q2 23	2.4x	17.8x
Q3 23	2.2x	8.3x
Q1 24	2.6x	10.6x
Q3 24	3.2x	12.7x
Q4 24	3.0x	10.1x
Q1 25	3.0x	13.9x
Q2 25	3.2x	15.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	$1.0B	$959M
Q2 21	$1.1B	$968M
Q3 21	$255M	$96M
Q4 21	$293M	$190M
Q1 22	$613M	$530M
Q2 22	$228M	$117M
Q3 22	$729M	$627M
Q4 22	$684M	$531M
Q1 23	$841M	$709M
Q2 23	$601M	$488M
Q3 23	$862M	$777M
Q1 24	$615M	$472M
Q3 24	$755M	$646M
Q4 24	$677M	$560M
Q1 25	$787M	$644M
Q2 25	-$307M	-$441M

Capital Expenditures

Quarter	CapEx
Q1 21	$83M
Q2 21	$99M
Q3 21	$159M
Q4 21	$103M
Q1 22	$83M
Q2 22	$111M
Q3 22	$102M
Q4 22	$153M
Q1 23	$132M
Q2 23	$113M
Q3 23	$85M
Q1 24	$143M
Q3 24	$109M
Q4 24	$117M
Q1 25	$143M
Q2 25	$134M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	+23.9%	+14.9%
Q2 21	+14.2%	+23.1%
Q3 21	+10.8%	+15.2%
Q4 21	-8.9%	-12.1%
Q1 22	-5.9%	-0.3%
Q2 22	-9.2%	-2.0%
Q3 22	-4.8%	-1.5%
Q4 22	-3.9%	+1.0%
Q1 23	+1.1%	+9.0%
Q2 23	+4.9%	+6.6%
Q3 23	+5.0%	+12.9%
Q1 24	+1.8%	-1.0%
Q3 24	+2.6%	+1.5%
Q4 24	+1.5%	+0.7%
Q1 25	+3.4%	-3.7%
Q2 25	+6.8%	+16.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$106M	4.0%
Q2 21	$135M	5.1%
Q3 21	$127M	5.1%
Q4 21	$112M	4.3%
Q1 22	$111M	4.5%
Q2 22	$137M	5.7%
Q3 22	$118M	5.0%
Q4 22	$128M	5.1%
Q1 23	$128M	5.1%
Q2 23	$154M	6.1%
Q3 23	$144M	5.8%
Q1 24	$146M	5.7%
Q3 24	$146M	5.7%
Q4 24	$142M	5.5%
Q1 25	$136M	5.3%
Q2 25	$165M	6.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 21	$304M	$246M	$546M
Q2 21	$350M	$250M	$559M
Q3 21	$334M	$219M	$496M
Q4 21	$337M	$206M	$569M
Q1 22	$301M	$226M	$478M
Q2 22	$344M	$237M	$566M
Q3 22	$345M	$212M	$538M
Q4 22	$340M	$288M	$554M
Q1 23	$352M	$297M	$511M
Q2 23	$392M	$251M	$566M
Q3 23	$401M	$283M	$567M
Q1 24	$351M	$238M	$541M
Q3 24	$374M	$194M	$592M
Q4 24	$375M	$241M	$609M
Q1 25	$362M	$261M	$536M
Q2 25	$421M	$371M	$586M

Revenue Segments

Quarter	Marketing Services And Other Revenues	Payments	Advertising Revenues	Marketplaces
Q2 21	$172M	$2.5B	—	—
Q3 21	$151M	$2.4B	—	—
Q1 22	$128M	$2.4B	—	—
Q2 22	$125M	$2.3B	—	—
Q3 22	$121M	$2.3B	—	—
Q1 25	—	—	$442M	$2.1B
Q2 25	—	—	$482M	$2.2B

Revenue by Geography

Quarter	Germany	Rest of World	United Kingdom	United States	China
Q1 21	$344M	$491M	$503M	$1.3B	—
Q2 21	$337M	$529M	$498M	$1.3B	—
Q3 21	$272M	$581M	$450M	$1.2B	—
Q4 21	$296M	$609M	$462M	$1.3B	—
Q1 22	$273M	$566M	$418M	$1.2B	—
Q2 22	$259M	$554M	$410M	$1.2B	—
Q3 22	$240M	$575M	$378M	$1.2B	—
Q4 22	$251M	$656M	$373M	$1.2B	—
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
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

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.8B	$3.8B	$5.6B
Q2 22	$1.8B	$1.5B	$3.2B
Q3 22	$2.1B	$1.4B	$3.5B
Q4 22	$2.2B	$5.3B	$7.5B
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

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	693M	-0.6%	-8.5%
Q2 21	685M	-1.2%	-3.7%
Q3 21	658M	-3.9%	-7.1%
Q4 21	606M	-7.9%	-13.1%
Q1 22	587M	-3.1%	-15.3%
Q2 22	556M	-5.3%	-18.8%
Q3 22	548M	-1.4%	-16.7%
Q4 22	544M	-0.7%	-10.2%
Q1 23	541M	-0.6%	-7.8%
Q2 23	537M	-0.7%	-3.4%
Q3 23	532M	-0.9%	-2.9%
Q1 24	519M	-2.4%	-4.6%
Q3 24	494M	-4.8%	-8.7%
Q4 24	501M	+1.4%	-6.7%
Q1 25	475M	-5.2%	-10.7%
Q2 25	470M	-1.1%	-9.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	$207.7K	13K
Q2 21	$210.1K	13K
Q3 21	$196.9K	13K
Q4 21	$241.9K	11K
Q1 22	$229.9K	11K
Q2 22	$224.3K	11K
Q3 22	$220.4K	11K
Q4 22	$216.4K	12K
Q1 23	$216.4K	12K
Q2 23	$219.0K	12K
Q3 23	$215.5K	12K
Q1 24	$207.8K	12K
Q3 24	$209.4K	12K
Q4 24	$224.3K	12K
Q1 25	$224.8K	12K
Q2 25	$237.4K	12K

Revenue / Employee