eBay Inc. reported net revenues increased 14% to $3.2 billion for the three months ended September 30, 2026, while operating margin declined to 19.2% from 20.3%. It completed the $1.4 billion cash acquisition of Depop on July 30, 2026.
EBAY · Ebay Inc
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eBay reported third-quarter GMV of $23.2 billion and revenue of $3.21 billion, while announcing a workforce reduction of approximately 9%. Q4 guidance calls for GMV between $23.7 and $24.1 billion and revenue between $3.19 and $3.24 billion.
eBay reported third-quarter revenue of $3.2 billion, up 14% as reported, GMV of $23.2 billion, and GAAP diluted EPS of $1.11; its Audit Committee declared a $0.31 fourth-quarter dividend payable December 18, 2026.
eBay Inc. announced a restructuring plan reducing its global workforce by approximately 9%, with GAAP pre-tax charges of $130 million to $150 million. The company expects results for the quarter ended September 30, 2026 above prior guidance.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Oct 28, 2026TL;DR. eBay delivered strong Q3 growth, with GMV up nearly 16% on an FX-neutral basis, revenue up 13%, non-GAAP EPS up nearly 12%, and $827 million returned to stockholders. Full-year 2026 guidance includes stronger-than-initial operating-income expectations, while lower GAAP earnings, operating-margin and take-rate pressure, softer international demand, a 9% workforce reduction, and moderating trading-card growth are negative developments.
- + Q3 GMV rose nearly 16% year over year on an FX-neutral basis to $23.2 billion, revenue rose 13% to $3.21 billion, and non-GAAP EPS rose nearly 12% to $1.51. new
- + Focus Categories, C2C and recommerce each grew GMV by more than 20%, while eBay Live and Vehicles grew well into the triple digits. new
- + Depop exceeded expectations, with U.S. GMV, monthly active users and sold items more than doubling year over year on a pro forma basis. new
- + eBay returned $827 million to stockholders in Q3 through $689 million of share repurchases and $138 million of cash dividends. new
- + Management plans for healthy consolidated growth in GMV, revenue, non-GAAP operating income and non-GAAP EPS in 2027. new
- + Full-year 2026 guidance includes operating-income growth well ahead of eBay's initial expectations. new
- − GAAP operating margin fell to 19.2% from 20.3%, and non-GAAP operating margin fell to 26.3% from 27.0%. new
- − The overall take rate declined 20 basis points year over year amid faster growth in eBay Live and C2C, category and ASP mix shifts, and the inclusion of Depop. new
- − International GMV grew only nearly 4% organically, while foreign exchange was a 60-basis-point headwind to spot growth. new
- − eBay plans to reduce its workforce by approximately 9%, with estimated Q4 restructuring expense of $130-$150 million. new
- − Management's 2027 plan assumes trading-card growth will moderate as eBay laps the extraordinary levels experienced in 2026. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
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Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Total advertising revenue | $607M | FY2026 Q3 | +15.6% |
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| FX-Neutral GMV non-GAAP | $22.23B | Three Months Ended June 30, 2026 filing | — |
| Take rate | 13.99% | Three Months Ended June 30, 2026 filing | — |
| Active Buyers | 136M | Three Months Ended June 30, 2026 | — |
| Active Buyers excluding Tise | 136M | Three Months Ended June 30, 2026 | — |
| Advertising revenue as % of GMV | 2.7% | Q2 2026 | — |
| Cash dividends paid | $138M | Q2 2026 | — |
| First-party advertising revenue | $570M | Q2 2026 | — |
| Free cash flow non-GAAP | $1.22B | Six Months Ended June 30 | — |
| Free cash flow from continuing operations non-GAAP | $326M | Q2 2026 | — |
| FX-Neutral GMV growth non-GAAP | 14% | Q2 2026 | — |
| Gross Merchandise Volume | $22.4B | Three Months Ended June 30, 2026 | -41.5% |
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| Non-GAAP operating margin non-GAAP | 28.9% | Six Months Ended June 30 | — |
| Share repurchases | $310M | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Internet Retail — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
EBAY
this stock
Ebay Inc
|
$53.08B | +38.8% | +11.6% | 26.3 | 3.1% |
|
AMZN
Amazon Com Inc
|
$2.88T | +15.5% | +12.4% | 21.6 | 0.9% |
|
BABA
Alibaba Group Holding Ltd
|
$234.79B | -35.6% | +8.1% | — | 1.5% |
|
PDD
PDD Holdings Inc.
|
$112.41B | -30.4% | +14.5% | — | 2.0% |
|
MELI
Mercadolibre Inc
|
$75.61B | -26.0% | +39.1% | 40.0 | 2.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 29, 2026
- This year
- 23
eBay Inc. reported net revenues increased 14% to $3.2 billion for the three months ended September 30, 2026, while operating margin declined to 19.2% from 20.3%. It completed the $1.4 billion cash acquisition of Depop on July 30, 2026.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| EBAY | -0.9% | +0.5% | +4.9% | -0.6% | +38.8% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -3.4% | +1.7% | +4.4% | -0.4% | +28.2% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.