eBay earnings date and guidance
eBay's next results are expected on October 28, 2026. Watch whether marketplace growth holds up after separating Depop's contribution.
What has eBay guided for the year?
For the quarter ending September 2026, management has given ranges for revenue, gross merchandise volume, or GMV, and diluted non-GAAP EPS. GMV is the value of everything sold through the marketplace. Revenue is the smaller amount eBay earns from services such as seller fees and advertising.
Depop can increase growth while reducing profit growth because eBay is spending to improve and integrate it. Management attributes 1.5 percentage points of 2026 GMV growth and 1 percentage point of revenue growth to Depop. It expects the business to subtract 2 percentage points from non-GAAP operating-income growth and 2.5 percentage points from EPS growth.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Revenue | Quarter to Sep 2026 | 3,070 | 3,120 | Aug 5, 2026 |
| Revenue — FX-Neutral Y/Y Growth | Quarter to Sep 2026 | 8.0% | 10.0% | Aug 5, 2026 |
| Gross Merchandise Volume | Quarter to Sep 2026 | 22,000 | 22,400 | Aug 5, 2026 |
| Gross Merchandise Volume — FX-Neutral Y/Y Growth | Quarter to Sep 2026 | 10.0% | 12.0% | Aug 5, 2026 |
| Diluted Non-GAAP EPS | Quarter to Sep 2026 | 1.36 | 1.42 | Aug 5, 2026 |
| Non-GAAP Op. Income | Quarter to Sep 2026 | 770 | 800 | Aug 5, 2026 |
What this means. These numbers are the company's forecasts for a future period, not results it has already achieved.
Did eBay keep its past promises?
There is evidence that eBay met its financial targets in 2025: reported FX-neutral revenue and non-GAAP operating margin were above the targets shown in the proxy. Shareholders also approved the advisory say-on-pay vote at the June 2026 meeting. That vote shows majority support, but it is nonbinding and does not prevent shareholders from rejecting future pay plans.
What is eBay's recent revenue and profit trend?
Q2 2026 was a real rebound in reported results, but not a uniform one. Revenue, operating income, diluted earnings per share, and free cash flow all improved from the same quarter a year earlier. That is encouraging, although transaction losses and expense adjustments still make the headline numbers worth examining.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,134 | 3,089 | 2,965 | 2,820 | 2,730 | 2,585 | 2,579 | 2,576 |
| Gross margin | 73.5% | 74.0% | 72.3% | 71.8% | 72.5% | 73.0% | 72.2% | 71.8% |
| Operating income | 676 | 611 | 597 | 571 | 479 | 611 | 543 | 595 |
| Income from continuing operations | 552 | 512 | 522 | 593 | 365 | 501 | 680 | 636 |
| EPS, diluted | 1.21 | 1.12 | 1.14 | 1.27 | 0.78 | 1.05 | 1.40 | 1.29 |
| = Free cash flow | 326 | 898 | 478 | 803 | -441 | 644 | 560 | 646 |
What should you watch in eBay's next results?
eBay’s next scheduled Q3 earnings call is October 28, 2026. It should show whether revenue and EPS landed near expectations, whether marketplace growth is holding up, and how management describes Depop’s contribution and investment. The clearest measure will be growth in the existing marketplace after separating the acquired business’s contribution.