eBay reported second-quarter 2026 results with net revenues of $3.13 billion, up 15% year‑over‑year, and GAAP net income from continuing operations of $552 million (GAAP diluted EPS $1.21). On a non-GAAP basis, net income from continuing operations was $727 million (non‑GAAP diluted EPS $1.60) and non‑GAAP operating margin was 28.5%. The company generated $549 million of operating cash flow and returned $448 million to stockholders in the quarter, including $310 million in share repurchases.

Financial Highlights

  • Revenue: Net revenues of $3,134 million for Q2 2026, up 15% as‑reported (14% FX‑neutral).
  • Gross profit: Gross profit of $2,302 million for Q2 2026 (as reported in condensed consolidated statement of income).
  • Operating income: GAAP income from operations of $676 million; GAAP operating margin 21.6%.
  • Net income and EPS: GAAP net income from continuing operations $552 million, GAAP diluted EPS $1.21; Non‑GAAP net income $727 million, non‑GAAP diluted EPS $1.60.
  • Cash flow & capital returns: $549 million of operating cash flow and $326 million of free cash flow from continuing operations; returned $448 million to stockholders (share repurchases $310 million; dividends $138 million).

Business Highlights

  • Acquisition: Closed acquisition of Depop on July 30, 2026, enhancing eBay’s C2C fashion and recommerce footprint (transaction cash paid $1.4 billion, inclusive of preliminary adjustments).
  • eBay Live & engagement: eBay Live posted record GMV growth (roughly eightfold year‑over‑year across seven markets) and delivered curated experiences tied to major cultural moments like the World Cup.
  • Authenticity and collectibles: Expanded Authenticity Guarantee coverage to 100+ fashion brands (U.S. & U.K.), integrated Enquirus for luxury watches, extended authentication and grading options for trading cards in U.K. and U.S., and Goldin achieved record premium collectibles sales.
  • Product & marketplace improvements: Rolled out AI‑powered listing tools and streamlined end‑to‑end C2C selling in Australia; expanded Magical Listing to U.K. and Germany; AI card‑scanning surpassed 80 million cumulative scans, enhancing listing and shopping workflows for collectors.
  • Motors & Vehicles enhancements: Launched Easy and Free Returns for Motors P&A in the U.K., expanded Guaranteed Fit to Canada with automatic fitment enrichment, and introduced new vehicle listing and transaction automation to reduce pickup times.

Original SEC Filing:

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