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eBay Inc.
NASDAQ: EBAY Consumer Discretionary Consumer 🔎 Screen
S&P 500
🏹 Trader: 🎯 Near 52W High View all →
$47.8B
Market Cap
20.1
P/E
1.57
PEG
25.0%
ROCE
40.8%
ROE
1.53
D/E
20.5%
OPM
-10.6%
% from 52W High
53
α RS
🔍 EBAY is showing a high-conviction setup because it matches 9 of 37 tracked screener presets, it's within 10.6% of its 52-week high, and it's hugging the 21 EMA. Net: Broad signal stack, not a recommendation. ? Conviction 52W High Technicals
Sources
Conviction 9/37 · 10.6% from 52W high · hugging 21 EMA
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🌏 Global Investor Returns
Currency-adjusted total returns for EBAY including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
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About

eBay Inc., together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally.

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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$3.13B
+14% YoY
Operating Income (Non-GAAP)
$893M
+16% YoY
Operating Margin (Non-GAAP)
28.5%
N/A
What Went Right
  • GMV and revenue both grew 14% to $22.4B and $3.13B, exceeding guidance.
  • Focused categories, C2C, and recommerce each grew >20%, now >70% of GMV.
  • eBay Live GMV grew ~8x YoY; U.S. GMV grew 24% and active buyers rose 6%.
What to Watch
  • Q3 guidance implies deceleration to 10-12% total GMV growth on lapping dynamics (Klarna, marketing efficiency, Pokémon/bullion).
  • Germany remains a challenging macro market with intentional investment shifts pressuring GMV/buyers near-term.
  • Depop is a ~2.5pp headwind to FY non-GAAP EPS; Q3 OI growth guided to just 1-5%.
Management Guidance
  • Q3: GMV $22.0B-$22.4B; revenue $3.07B-$3.12B; non-GAAP EPS $1.36-$1.42.
  • Q3 non-GAAP operating income growth: 1%-5%.
  • FY26: GMV growth 11.5-12.5%; revenue growth 11-12%; non-GAAP OI growth 10-12%; non-GAAP EPS growth 10-12%.
Investor Lens
The thesis is stronger after this call: eBay delivered a broad-based beat, raised full-year guidance, and closed Depop to expand C2C/recommerce TAM. While Q3 growth decelerates due to known lapping dynamics, the strategic priorities (focused categories, C2C, Live) show durability. Depop dilution is temporary, expected to become accretive to operating income by 2028. The key watch items are German macro and competitive intensity in C2C.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG eBay beat Q2: 14% revenue growth to $3.13B, FY raised.
Revenue
Revenue grew 14% to $3.13B, with GMV up 14% to $22.4B. U.S. GMV grew 24% while international GMV grew 4% organically.
Profitability
Non-GAAP operating income grew 16% to $893M, and non-GAAP EPS rose 17% to $1.60. GAAP EPS was $1.21.
Margins
Non-GAAP operating margin was 28.5%, with gross margin up 1pp to 74.1%. Margin expansion came from operating leverage despite incremental investments.
Balance Sheet
Ended quarter with $4.9B cash/investments, $6.7B debt, and $326M free cash flow. Returned $448M to shareholders and closed Depop for $1.4B cash on July 30.
Key Risks
Q3 growth deceleration from lapping Klarna/marketing efficiency/Pokémon/bullion; Germany macro challenges; Depop EPS dilution of ~2.5pp in FY.
Outlook
Q3 guided revenue $3.07-3.12B and EPS $1.36-1.42. FY26 guided GMV +11.5-12.5%, revenue +11-12%, non-GAAP OI +10-12%, EPS +10-12%.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-05
Q2 2026 delivered strong growth, with GMV and revenue up 14% year-over-year and non-GAAP EPS up 17%. Strategic priorities now drive over 70% of GMV, and the Depop acquisition expands C2C and fashion reach. Full-year guidance was raised, reflecting durable momentum.
Q1 2026 Q1 2026 2026-04-29
Q1 2026 delivered strong results, with GMV up 14% and revenue up 17% year-over-year, driven by broad-based growth across categories and geographies. Strategic priorities now comprise 70% of GMV, and AI-powered innovations and live commerce are fueling engagement and operational efficiency.
Q4 2025 Q4 2025 2026-02-18
Q4 2025 delivered strong results, with GMV up 8% and revenue up 13% year-over-year, driven by broad-based growth in Focus Categories, C2C, and recommerce. The company announced the $1.2B Depop acquisition, expanded AI and live commerce initiatives, and provided robust 2026 guidance.
Q3 2025 Q3 2025 2025-10-29
Q3 saw 8% GMV and revenue growth, with strong performance in focus categories and continued innovation in AI, live commerce, and shipping. Guidance anticipates sustained growth but notes headwinds from trade policy and lapping prior-year gains.
Q2 2025 Q2 2025 2025-07-30
Q2 2025 saw robust growth in GMV, revenue, and EPS, driven by focus categories and strategic initiatives in AI, live commerce, and payments. U.S. outperformed international markets, and guidance anticipates continued growth despite tariff risks.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
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Information Sources:
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