eBay Inc. (EBAY) financials
NASDAQ · Consumer Cyclical · Specialty Retail · 12,300 employees · CEO Jamie J. Iannone
- Price
- $121.64 +0.37%
- Market cap
- $54.1B
- Enterprise value
- $60B
- Last report
- Q3 '26 filed 2026-10-29
- Next report
- 2027-02-17 EPS est. $1.47
Revenue (TTM)$12.4B+15.7% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)20.2%-0.5 pp vs a year agoOperating income $2.5B
Net income (TTM)$2.09B-4.4% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$2.41B+57.9% vs a year agoCapex $538M
Diluted EPS (TTM)$4.58-0.2% vs a year agoSum of the last 4 quarters
Net cash-$5.1B-35.8% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $54.1B EV $60B
- Revenue
- $12.4B Trailing 12 months
- Revenue growth
- +14% FY2026 consensus
- Profit margin
- 16.8% Net income / revenue, TTM
- P/E
- 26.0× Forward 19.4× (FY2026)
- P/S
- 4.4× Price / sales, TTM
- EV / EBITDA
- 18.8× TTM
- Free cash flow
- $2.41B Trailing 12 months
- Net income
- $2.09B Trailing 12 months
- Revenue estimate
- $12.7B FY2026 consensus
- Earnings
- 2027-02-17 Revenue est. $3.23B
- Dividend
- $1.22 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-10-28): revenue beat by 2.9%, EPS beat by 7.1%Revenue $3.21B vs $3.12B expected (+2.9%); EPS $1.51 vs $1.41 (+7.1%).
- Revenue growth steady: 13.7% year on yearQ3 '26 revenue $3.21B, against an average of 14.7% over the four quarters before.
- Operating margin 20.2% (TTM), -0.5 pp on a year agoOperating income grew 12.8% while revenue grew 15.7%.
- Capex 4.3% of revenue (a year ago 4.9%)$538M invested in the last 4 quarters (+2.5% on a year earlier). Free cash flow $2.41B = 115.6% of net income.
- Returned $2.76B to shareholders = 114.2% of free cash flowBuybacks $2.21B (a year earlier $2.68B), dividends $546M, stock-based pay $511M (TTM). More than the free cash flow: paid from cash or debt.
- Diluted share count down 3.0% in a year453M diluted shares in Q3 '26, 467M a year earlier.
- Net debt $5.1BCash + short-term investments $1.98B, debt incl. leases $7.08B; a year ago net debt $3.76B.
Last quarter: Q3 '26
Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q3 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $3.21B | $2.82B | +13.7% |
| Gross margin | 72.3% | 70.9% | +1.4 pp |
| Operating income | $616M | $576M | +6.9% |
| Operating margin | 19.2% | 20.4% | -1.2 pp |
| Net income | $497M | $632M | -21.4% |
| Diluted EPS | $1.10 | $1.35 | -18.5% |
| Operating cash flow | $875M | $896M | -2.3% |
| Capex | $126M | $131M | -3.8% |
| Free cash flow | $749M | $765M | -2.1% |
| R&D | $517M | $423M | +22.2% |
| Stock-based compensation | $173M | $147M | +17.7% |
Reported vs consensus
2026-10-28| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $3.21B | $3.12B | +2.9% |
| EPS (as estimated) | $1.51 | $1.41 | +7.1% |
From the report of 2026-10-28 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q3 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Marketplaces | $2.6B | +13.2% | 81.1% | $10.1B | – | |
| Advertising Revenues | $607M | +15.6% | 18.9% | $2.33B | – |
Revenue by region
share of total| Segment | Q3 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| United States | $1.83B | +26.0% | 57.1% | $6.91B | +24.9% | |
| Rest of World | $667M | +79.3% | 20.8% | $2.35B | +57.5% | |
| United Kingdom | $396M | -6.2% | 12.4% | $1.6B | +9.4% | |
| CHINA | $312M | -3.7% | 9.7% | $1.28B | +3.1% | |
| GERMANY | – | – | – | – | – |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $2.95B
- Capex
- -$538M
- Buybacks
- -$2.21B
- Dividends
- -$546M
- Acquisitions
- -$1.36B
- Net debt issued
- -$12M
- Stock-based compensation
- $511M
- Free cash flow
- $2.41B
- Returned to shareholders / FCF
- 114.2%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 26.0× | 11.7× 4 of 5 years | 3.2× – 19.6× |
| EV / EBITDA | 18.8× | 19.6× 4 of 5 years | 6.7× – 44.0× |
| EV / Sales | 4.8× | 3.7× | 2.9× – 4.9× |
| Price / FCF | 22.4× | 16.7× | 11.7× – 23.6× |
| Price / Book | 12.2× | 5.4× | 3.6× – 8.5× |
| FCF yield | 4.5% | 6.4% | 4.2% – 8.5% |
| Return on invested capital | 15.5% | 10.8% | 7.9% – 14.4% |
| Return on equity | 46.1% | 48.0% | -24.6% – 139.2% |
Analysts
Consensus target $132.06 (+8.6%)
range $106.00 – $153.00 · rating Buy
Strong buy1
Buy35
Hold34
Sell1
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $12.7B | +14.0% | $6.27 | +44.6% | 19.4× | 20 |
| FY2027 | $13.6B | +7.3% | $6.88 | +9.7% | 17.7× | 20 |
| FY2028 | $14.5B | +6.9% | $7.83 | +13.8% | 15.5× | 14 |
| FY2029 | $15.3B | +5.8% | $8.88 | +13.4% | 13.7× | 7 |
| FY2030 | $16.7B | +9.0% | $10.87 | +22.4% | 11.2× | 11 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 271 figures eBay Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $339M | $308M | +10.1% | $242M | $257M | -5.8% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $147M | $122M | +20.5% | $135M | $108M | +25.0% |
| Accounts Receivable, Allowance for Credit Loss | $9M2025-09-30 | $10M | -10.0% | $13M2024-12-31 | $23M | -43.5% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | $7M2025-09-30 | $15M | -53.3% | $29M2024-12-31 | $9M | +222.2% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $4M2025-09-30 | – | – | – | – | – |
| Accrued Advertising, Current | $307M | $258M | +19.0% | $226M | $222M | +1.8% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $3.77B2025-12-31 | $4.87B | -22.6% | $3.77B | $4.87B | -22.6% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $185M | $212M | -12.7% | $207M | $206M | +0.5% |
| Additional Paid in Capital | $19.1B | $18.6B | +2.5% | $18.8B | $18.3B | +2.7% |
| Amortization of Intangible Assets | $25M | $12M | +108.3% | $37M2024-12-31 | $35M | +5.7% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1M | 0 | – | 3M | 4M | -25.0% |
| AOCI Tax, Attributable to Parent | -$18M | -$22M | +18.2% | -$19M | -$8M | -137.5% |
| Asset Impairment Charges | – | – | – | $0 | $0 | – |
| Assets | $18B | $17.8B | +1.2% | $17.6B | $19.4B | -9.1% |
| Assets, Current | $4.79B | $5.39B | -11.3% | $5.09B | $7.57B | -32.8% |
| Capitalized Computer Software, Amortization | – | – | – | $114M | $114M | 0.0% |
| Cash and Cash Equivalents, at Carrying Value | $1.17B | $2.42B | -51.9% | $1.87B | $2.43B | -23.3% |
| Cash Provided by (Used in) Operating Activities, Discontinued Operations | $0 | -$38M | +100.0% | -$50M | $0 | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $3.7B2026-06-30 | $3.23B | +14.5% | $3.06B | $3.29B | -7.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $2.61B | $3.51B | -25.6% | $3.06B | $3.29B | -7.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$1.09B | $282M | -485.1% | -$231M | $793M | -129.1% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 3.58B | 3.58B | 0.0% | 3.58B | 3.58B | 0.0% |
| Common Stock, Shares, Outstanding | 440M | 454M | -3.1% | 449M | 471M | -4.7% |
| Common Stock, Value, Issued | $2M | $2M | 0.0% | $2M | $2M | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $479M | $645M | -25.7% | $2.03B | $2B | +1.8% |
| Contract with Customer, Liability, Current | $50M | $41M | +22.0% | $43M | $32M | +34.4% |
| Contract with Customer, Liability, Revenue Recognized | $1M2025-09-30 | $1M | 0.0% | $32M2024-12-31 | $33M | -3.0% |
| Cost of Revenue | $887M | $794M | +11.7% | $3.17B | $2.88B | +10.0% |
| Current Federal Tax Expense (Benefit) | – | – | – | $127M | $985M | -87.1% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $101M | $97M | +4.1% |
| Current Income Tax Expense (Benefit) | – | – | – | $267M | $1.17B | -77.2% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $39M | $89M | -56.2% |
| Debt and Lease Obligation | $6.73B | $6.75B | -0.3% | $6.75B | $7.43B | -9.1% |
| Debt Securities, Available-for-sale | $2.18B | $2.9B | -24.8% | $2.89B | $4.77B | -39.4% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $38M | $68M | -44.1% | $71M | $361M | -80.3% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $0 | $2M | -100.0% | $1M | $8M | -87.5% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $1.86B | $803M | +131.6% | $445M | $688M | -35.3% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $31M | $1M | +3,000.0% | $0 | $4M | -100.0% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $809M | $955M | -15.3% | $1.05B | $3.46B | -69.6% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $1.9B | – | – | $516M | $1.05B | -50.8% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $31M | – | – | $1M | $12M | -91.7% |
| Debt, Current | $1.6B | $1.75B | -8.5% | $750M | $1.67B | -55.2% |
| Decrease in Unrecognized Tax Benefits is Reasonably Possible | – | – | – | $170M2024-12-31 | – | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $89M | -$993M | +109.0% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$57M | $165M | -134.5% |
| Deferred Income Tax Assets, Net | $2.93B | $2.9B | +1.1% | $2.96B | $2.94B | +0.8% |
| Deferred Income Tax Expense (Benefit) | $32M | $69M | -53.6% | $44M | -$874M | +105.0% |
| Deferred Income Tax Liabilities, Net | $1.46B | $1.38B | +5.8% | $1.47B | $1.41B | +4.8% |
| Deferred Income Taxes and Other Tax Receivable, Current | $406M | $140M | +190.0% | $194M | $115M | +68.7% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $12M | -$46M | +126.1% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $2.74B2025-12-31 | $2.7B | +1.5% | $2.74B | $2.7B | +1.5% |
| Deferred Tax Assets, Gross | $3.93B2025-12-31 | $3.92B | +0.2% | $3.93B | $3.92B | +0.2% |
| Deferred Tax Assets, Investments | $1M2025-12-31 | $0 | – | $1M | $0 | – |
| Deferred Tax Assets, Net | $1.49B2025-12-31 | $1.53B | -2.9% | $1.49B | $1.53B | -2.9% |
| Deferred Tax Assets, Net of Valuation Allowance | $3.73B2025-12-31 | $3.76B | -0.7% | $3.73B | $3.76B | -0.7% |
| Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration | $35M2025-12-31 | $4M | +775.0% | $35M | $4M | +775.0% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $8M2025-12-31 | $10M | -20.0% | $8M | $10M | -20.0% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Returns and Allowances | $524M2025-12-31 | $554M | -5.4% | $524M | $554M | -5.4% |
| Deferred Tax Assets, Valuation Allowance | $196M2025-12-31 | $163M | +20.2% | $196M | $163M | +20.2% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-02