Quarterly ResultAug 6, 2026, 04:10 PM
eBay Q2 Net Revenue $3.13B, EPS $1.21; Acquires Depop
AI Summary
eBay Inc. reported strong financial results for the second quarter of 2026, with net revenues increasing to $3.13 billion and diluted EPS rising to $1.21. The company also announced the completion of its acquisition of Depop Limited for $1.4 billion in cash. Additionally, eBay early adopted a new accounting standard (ASU 2025-06) which retrospectively adjusted prior period financials, primarily affecting product development costs.
Key Highlights
- Acquired Depop Limited for $1.4 billion in cash on July 30, 2026.
- Q2 2026 net revenues increased to $3.13 billion from $2.73 billion year-over-year.
- Q2 2026 diluted EPS rose to $1.21 from $0.78 year-over-year.
- Net income for Q2 2026 was $550 million, up from $364 million year-over-year.
- Net cash provided by operating activities for the first six months of 2026 was $1.49 billion.
- Declared a quarterly dividend of $0.31 per share.
- Repurchased $311 million of common stock during Q2 2026.
- Early adopted ASU 2025-06, retrospectively impacting prior period financials.
Price Impact
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