EarningsQ2 2026 Earnings Report
DE:EBA Q2 2026 EPS Results
Actual EPS€1.42
Consensus EPS€1.34
Beat/MissBeat by +€0.09
One Year Ago EPS€1.22
DE:EBA Q2 2026 Revenue Results
Actual Revenue€2.79B
Expected Revenue€2.68B
Beat/MissBeat by +€107.51M
YoY Revenue Growth+14.37%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
DE:EBA Upcoming Earnings
eBay's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:EBA Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys a strongly positive operational and financial performance: top-line outperformance (GMV and revenue +14%), healthy margin and EPS expansion (+16% OI, +17% non-GAAP EPS), broad-based momentum across strategic priorities (focused categories, C2C, recommerce, Live, Vehicles) and clear product/AI-driven levers. Near-term challenges include international softness, lapping dynamics, and Depop-related dilution to margins in 2026, but management provided constructive guidance (raised full-year outlook) and a path to accretion by 2028. Overall, the highlights materially outweigh the lowlights.Company Guidance
Strong Top-Line Growth
Gross merchandise volume (GMV) grew 14% year-over-year to $22.4 billion and revenue grew 14% to $3.13 billion in Q2 2026, both exceeding consensus and the high end of guidance ranges.
Healthy Profitability and EPS Expansion
Non-GAAP operating income increased 16% year-over-year to $893 million and non-GAAP earnings per share rose 17% to $1.60 (GAAP EPS $1.21), demonstrating strong flow-through from GMV growth.
Focused Categories and Recommerce Momentum
Focused category GMV grew 26% in Q2 and exceeded 40% of total GMV for the first time; focused categories, C2C and recommerce together accounted for more than 70% of total GMV, with each growing over 20%.
U.S. Outperformance
U.S. GMV delivered particularly strong results, up 24% year-over-year, driven by focused categories, C2C, Live and Shipping, and stronger buyer metrics (U.S. active buyers +6%).
Rapid eBay Live and Vehicles Growth
eBay Live GMV grew roughly 8x year-over-year with strong seller and buyer engagement; Vehicles GMV scaled rapidly and eBay reduced average vehicle pickup time from over two weeks to about four days.
Advertising and Monetization Traction
Total advertising revenue was $596 million (GMV penetration ~2.7%) with 1P ad products up 24%; ad growth remains a material high-margin monetization lever with multi-quarter acceleration.
AI and Product Innovation Driving Supply
AI-powered initiatives (Magical Listing, card scanning with 80M+ scans, agentic search pilots) are boosting listing velocity, seller supply and discovery; Magical Listing fully ramped to new/reactivated listers in major markets and expanded in Australia.
Capital Allocation and Cash Generation
Free cash flow was $326 million in Q2; eBay returned nearly $450 million to shareholders in Q2 (including $310 million buybacks and $138 million dividends) and ended the period with $4.9 billion in cash and fixed income investments.
Strategic Acquisition of Depop
Completed acquisition of Depop for $1.4 billion to extend reach in C2C and pre-loved fashion, especially with younger consumers; management expects Depop to accelerate and be accretive to operating income by 2028.
Sustainability and Social Impact
Published 2025 impact report; maintained 100% renewable energy for operations; eBay for Charity raised $58 million in Q2 including notable auctions that raised millions for charities.
DE:EBA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed