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EBAY

eBay Inc.

EBAY

eBay Inc. • NASDAQ
$82.79 ▲ 0.72% (+0.59)
Market Cap $37.42 B
52w High $101.15
52w Low $58.71
Dividend Yield 1.16%
P/E 18.36
Volume 1.52M
Outstanding Shares 452.03M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.82B ▲ $1.423B ▼ $632M ▲ 22.411% ▲ $1.39 ▲ $741M ▲
Q2-2025 $2.73B ▲ $1.47B ▲ $368M ▼ 13.48% ▼ $0.8 ▼ $646M ▼
Q1-2025 $2.585B ▲ $1.246B ▼ $503M ▼ 19.458% ▼ $1.08 ▼ $774M ▲
Q4-2024 $2.579B ▲ $1.318B ▲ $679M ▲ 26.328% ▲ $1.42 ▲ $761M ▼
Q3-2024 $2.576B $1.254B $634M 24.612% $1.3 $952M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.378B ▼ $17.791B ▼ $13.072B ▼ $4.719B ▼
Q2-2025 $4.267B ▼ $17.961B ▼ $13.212B ▼ $4.749B ▼
Q1-2025 $5.29B ▼ $18.954B ▼ $14.004B ▼ $4.95B ▼
Q4-2024 $6.216B ▲ $19.365B ▼ $14.207B ▼ $5.158B ▼
Q3-2024 $5.178B $19.915B $14.495B $5.42B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $632M ▲ $671M ▲ $490M ▲ $-874M ▼ $282M ▲ $540M ▲
Q2-2025 $369M ▼ $-310M ▼ $67M ▼ $-716M ▲ $-925M ▼ $-444M ▼
Q1-2025 $505M ▼ $787M ▲ $1.312B ▲ $-1.248B ▼ $870M ▼ $644M ▲
Q4-2024 $680M ▲ $677M ▼ $1.262B ▲ $-992M ▲ $914M ▲ $560M ▼
Q3-2024 $636M $755M $49M $-1.009B $-183M $646M

Revenue by Products

Product Q3-2022Q1-2025Q2-2025Q3-2025
Advertising Revenues
Advertising Revenues
 $0 ▲$440.00M ▲$480.00M ▲$530.00M ▲
Marketplaces
Marketplaces
 $0 ▲$2.14Bn ▲$2.25Bn ▲$2.29Bn ▲
Marketing Services And Other Revenues
Marketing Services And Other Revenues
 $120.00M ▲$0 ▼$0 ▲$0 ▲
Payments
Payments
 $2.26Bn ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement eBay’s revenue over the last several years has been broadly stable, with only modest ups and downs rather than strong growth or steep decline. Profitability at the operating level has remained solid, but bottom-line earnings have been quite volatile due to one-off gains and write-downs, not just the core marketplace business. The pattern suggests a mature company with reasonably steady underlying economics, but with accounting swings that can make net income and earnings per share look choppy year to year.

Balance Sheet

Balance Sheet The balance sheet shows a business that relies meaningfully on debt but also maintains a healthy asset base and a growing cash cushion compared with earlier years. Shareholders’ equity has moved around, reflecting buybacks, gains and losses on investments, and other capital actions rather than simple, smooth accumulation of retained profits. Overall, eBay looks financially solid but more optimized for efficiency and capital returns than for building a fortress-like balance sheet.

Cash Flow

Cash Flow Cash generation is a clear strength: operating cash flow has been consistently strong and free cash flow has held up well over time, even as earnings have swung around. Investment spending on technology and infrastructure, as seen through capital expenditures, has been steady and relatively modest compared with the cash the business produces. This combination points to a cash-rich model with ample flexibility to fund innovation, debt service, and shareholder returns without stretching its finances.

Competitive Edge

Competitive Edge eBay occupies a distinct niche in e-commerce by focusing on used, unique, and hard-to-find items rather than trying to mirror big-box online retailers. Its large base of buyers and sellers, auction plus fixed-price formats, and deep roots in enthusiast categories like auto parts, collectibles, luxury goods, and sneakers give it a durable community and network effect. At the same time, it still faces intense competition for both buyers and sellers from global marketplaces and social commerce platforms, so maintaining relevance and trust is critical.

Innovation and R&D

Innovation and R&D The company is leaning heavily into artificial intelligence to simplify listing, improve search and recommendations, and automate routine seller tasks, which can make the platform stickier and easier to use. Newer offerings like authenticity checks, live shopping, the trading card vault, and a planned digital wallet show a push to deepen engagement in high-value niches rather than expand everywhere. While we don’t see exact R&D spending here, the product roadmap and “tech-led” strategy indicate that management views innovation in tools, trust, and mobile selling as central to eBay’s next phase.

Summary

Overall, eBay looks like a mature, cash-generative marketplace with relatively stable revenue, solid operating profitability, and a balance sheet that is comfortably funded but makes active use of debt and capital returns. Its differentiation comes from recommerce and enthusiast categories, backed by a long-established network of buyers and sellers and an increasing layer of AI-driven tools and trust features. The main opportunities lie in deepening that niche and improving the user experience; the main risks come from strong competition, shifting consumer behavior, and the need to keep executing well on its innovation plans without losing the core community feel that made eBay valuable in the first place.

NEWS

November 18, 2025 · 2:00 AM UTC

Nearly Nine in Ten Consumers Plan to Maintain or Increase Spending on Pre-loved Goods, Signaling Sustained Momentum for the Circular Economy

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October 30, 2025 · 9:00 AM UTC

Emma Chamberlain and eBay Auction 100 Iconic Designer Pieces from Her Collection, from Gucci to Miu Miu

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October 29, 2025 · 4:05 PM UTC

eBay Inc. Reports Third Quarter 2025 Results

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October 17, 2025 · 12:32 AM UTC

Ecom Wealth Automation Introduces ‘Buy-Later Profit Model' for Hands-Free eBay Store Ownership

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September 22, 2025 · 9:18 AM UTC

TERROR XVIII Mini Excavator Tops eBay U.S. Sales for Three Consecutive Years

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