eBay Reports Q3 2026 Results: Revenue Reaches $3.2B and Declares $0.31 Dividend

Executive Summary

On October 28, 2026, eBay Inc. furnished a Current Report on Form 8-K under Item 2.02 (Results of Operations and Financial Condition) and Item 9.01 (Financial Statements and Exhibits), announcing its financial results for the third quarter ended September 30, 2026.

Key Financial Highlights

• Net Revenue: $3.206 billion, up 14% year-over-year on an as-reported basis and 13% on an FX-neutral basis (vs. $2.820 billion in Q3 2025).
• Gross Merchandise Volume (GMV): $23.2 billion, representing an increase of 15% as-reported and 16% FX-neutral.
• Operating Margins:
  • GAAP Operating Margin: 19.2% (vs. 20.3% in Q3 2025).
  • Non-GAAP Operating Margin: 26.3% (vs. 27.0% in Q3 2025).
• Diluted Earnings Per Share (EPS):
  • GAAP EPS: $1.11 (down 13% from $1.27 in Q3 2025).
  • Non-GAAP EPS: $1.51 (up 12% from $1.35 in Q3 2025).
• Net Income from Continuing Operations:
  • GAAP: $501 million.
  • Non-GAAP: $685 million.
• Cash Flow: Generated $875 million in operating cash flow and $749 million in free cash flow from continuing operations.

Capital Return and Dividends

• Stock Repurchases: Repurchased approximately 6 million shares of common stock for $689 million in Q3 2026. Remaining share repurchase authorization stood at ~$1.3 billion as of September 30, 2026.
• Cash Dividends: Paid $138 million in cash dividends during the quarter.
• New Dividend Declaration: The Audit Committee declared a Q4 2026 cash dividend of $0.31 per share, payable on December 18, 2026, to stockholders of record as of December 4, 2026.

Corporate Developments & Strategic Highlights

• Depop Acquisition: Completed on July 30, 2026, for $1.4 billion in cash from Etsy, Inc., expanding eBay's footprint in recommerce and circular fashion.
• Advertising Revenue: Total advertising revenue stood at $607 million, with first-party advertising reaching $575 million (up 16% YoY).

Financial Guidance

• Q4 2026 Outlook:
  • Revenue: $3.19 billion – $3.24 billion (7% – 9% FX-neutral growth).
  • GMV: $23.7 billion – $24.1 billion (12% – 14% FX-neutral growth).
  • GAAP Diluted EPS: $0.82 – $0.87.
  • Non-GAAP Diluted EPS: $1.48 – $1.53.
• Full Year 2026 Outlook:
  • Revenue: $12.62 billion – $12.67 billion (12% – 13% FX-neutral growth).
  • GMV: $91.5 billion – $91.9 billion (14% FX-neutral growth).
  • GAAP Diluted EPS: $4.26 – $4.31.
  • Non-GAAP Diluted EPS: $6.25 – $6.30.