| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 3.1K | 1.5% | 14.8% |
| Total Income | 3.1K | 1.5% | 14.8% |
| Expenditure | 2.5K | 0.8% | 9.4% |
| PBT | 665.00 | 7.6% | 39.4% |
| Net Profit | 550.00 | 7.4% | 49.5% |
| OPM | 21.57% | 1.79pp | 3.84pp |
| NPM | 17.55% | 0.97pp | 4.07pp |
| EPS | 1.24 | 8.8% | 55.0% |
eBay Reports Q2 2026 Results: Revenue Up 15%, GMV Up 15%
06 Aug 2026 · 6 Aug, 1:46 am
Summary
eBay Inc. announced strong second quarter 2026 results, with revenue growing 15% year-over-year to $3.1 billion and Gross Merchandise Volume (GMV) also increasing by 15% to $22.4 billion. Both GAAP and Non-GAAP earnings per diluted share saw significant year-over-year growth, reaching $1.21 and $1.60 respectively. The company also reported an improved GAAP operating margin of 21.6%. Management expressed optimism, citing meaningful, broad-based momentum driven by innovation and execution, and noted that the strong performance has led them to increase their full-year outlook for both top and bottom lines.
Key Highlights
- 1
eBay reported revenue of $3.1 billion for the second quarter of 2026, an increase of 15% on an as-reported basis and 14% on a foreign exchange-neutral basis.
- 2
Gross Merchandise Volume (GMV) reached $22.4 billion in Q2 2026, up 15% on an as-reported basis and 14% on an FX-Neutral basis.
- 3
GAAP earnings per diluted share from continuing operations were $1.21, a 56% increase compared to $0.78 in the prior year.
- 4
Non-GAAP earnings per diluted share from continuing operations were $1.60, up 17.6% from $1.36 in the second quarter of 2025.
- 5
GAAP operating margin increased to 21.6% in Q2 2026, up from 17.6% in the same period last year.
- 6
The company returned $448 million to stockholders in Q2 2026, comprising $310 million in share repurchases and $138 million in cash dividends.
- 7
eBay completed the acquisition of Depop Limited on July 30, 2026, strengthening its position in circular fashion.
Management Comments
Jamie Iannone
eBay's second quarter delivered meaningful, broad-based momentum driven by continued innovation and focused execution against our strategic roadmap. This quarter once again demonstrated our ability to focus on our strategic priorities while still delivering strong growth in operating income and EPS.
Peggy Alford
Our second quarter results and continued GMV growth reflect our leadership in the categories that matter most to our buyers and sellers while building an even stronger, more resilient eBay. Given the strong momentum we are seeing in our business, we are increasing our full-year top- and bottom-line outlook.
Informational and educational content only. Not investment advice.