EBAY INC EBAY

Industrials SIC 7389 - Services-Business Services, NEC NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services derived Nasdaq

Unless otherwise expressly stated or the context otherwise requires, when we refer to "we," "our," "us," "eBay" or the "Company" in this Annual Report on Form 10-K, we mean eBay Inc. and its consolidated subsidiaries.

Founded in 1995 in San Jose, California, eBay Inc. is a global commerce leader that connects people and builds communities to create economic opportunity for all. Our technology empowers millions of buyers and sellers in more than 190 markets around the world, providing everyone the opportunity to grow and thrive. Our Marketplace platforms, including our online marketplace located at www.ebay.com and its localized counterparts, our off-platform marketplaces and our suite of mobile apps, together, create one of the world's largest and most vibrant marketplaces for discovering great value and a unique selection. In 2025, eBay enabled nearly $80 billion of Gross Merchandise Volume ("GMV").

Last close 121.41 2026-10-23
Market cap $54.03B 2026-06-30 share count
52-week range 78.03 - 124.59

Valuation FY2025 figures against the last close

P/S4.9x
P/E28.0x
P/FCF37.7x
EV/EBITDA19.6x
Dividend yield1.0%
Diluted EPS4.34

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • United Kingdom
  • Rest of world
  • China
  • Germany
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 5.8B (52.2%) 52% United States United Kingdom, FY2025: 1.6B (14.1%) 14% United Kingdom Rest of world, FY2025: 1.5B (13.6%) 14% Rest of world China, FY2025: 1.3B (11.3%) 11% China Germany, FY2025: 978M (8.8%) 9% Germany FY2024 United States, FY2024: 5.2B (50.9%) 51% United Kingdom, FY2024: 1.5B (14.7%) 15% Rest of world, FY2024: 1.4B (13.6%) 14% China, FY2024: 1.2B (11.4%) 11% Germany, FY2024: 972M (9.5%) 9% FY2023 United States, FY2023: 5.1B (50.2%) 50% United Kingdom, FY2023: 1.6B (15.9%) 16% Rest of world, FY2023: 1.4B (14.1%) 14% China, FY2023: 1B (10.2%) 10% Germany, FY2023: 971M (9.6%) 10%
Region FY2025FY2024FY2023
United States $5.79B $5.24B $5.07B
United Kingdom $1.56B $1.51B $1.61B
Rest of world $1.51B $1.40B $1.43B
China $1.25B $1.17B $1.03B
Germany $978.0M $972.0M $971.0M

As the company reported it, from the “Segments - Schedule of Allocation of Net Revenues and Long-Lived Assets Based on Geography (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $11.10B$10.28B$10.11B$9.79B$10.42B$8.89B$7.43B$8.65B$9.93B$9.30B
Cost of revenue $3.17B$2.88B$2.83B$2.68B$2.65B$1.80B$1.58B$2.02B$2.22B$2.00B
Gross profit $7.93B$7.40B$7.28B$7.12B$7.77B$7.10B$5.84B$6.63B$7.71B$7.29B
R&D $1.64B$1.48B$1.54B$1.33B$1.32B$1.03B$930.0M$1.05B$1.22B$1.11B
SG&A $1.20B$914.0M$1.20B$963.0M$921.0M$985.0M$988.0M$979.0M$1.03B$899.0M
Total operating expenses $5.65B$5.08B$5.34B$4.76B$4.85B$4.46B$4.07B$4.88B$5.44B$4.97B
Operating income $2.28B$2.32B$1.94B$2.35B$2.92B$2.64B$1.77B$1.75B$2.26B$2.33B
Interest expense $246.0M$259.0M$263.0M$235.0M$269.0M$304.0M$311.0M$326.0M$292.0M$225.0M
Pre-tax income $2.31B$2.28B$3.71B-$1.60B$398.0M$3.35B$1.65B$2.25B$2.27B$3.65B
Income tax $311.0M$297.0M$932.0M$327.0M$146.0M$858.0M$219.0M$121.0M$3.29B$3.63B
Net income $2.03B$1.98B$2.77B-$1.27B$13.61B$5.67B$1.79B$2.53B-$1.02B$7.27B
EPS, basic 4.433.995.22-2.2720.877.982.102.58-0.956.41
EPS, diluted 4.343.945.19-2.2720.547.892.092.55-0.956.35
Shares, diluted (wtd. avg.) 468.0M501.0M533.0M558.0M663.0M718.0M856.0M991.0M1.06B1.14B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.87B$2.43B$1.99B$2.15B$1.38B$1.24B$659.0M$2.08B$2.14B$1.83B
Short-term investments ———$2.62B$5.94B$2.39B$1.85B$2.71B$3.74B$5.33B
Receivables $135.0M$108.0M$94.0M$90.0M$98.0M$362.0M$555.0M$712.0M$696.0M$592.0M
Total current assets $5.09B$7.57B$11.02B$9.29B$9.11B$7.19B$4.71B$7.13B$7.74B$8.88B
Property, plant and equipment $1.34B$1.26B$1.24B$1.24B$1.24B$1.29B$1.46B$1.60B$1.60B$1.52B
Goodwill $4.47B$4.27B$4.27B$4.26B$4.18B$4.29B$4.53B$5.16B$4.77B$4.50B
Other intangibles —$119.0M$114.0M$115.0M$8.0M$12.0M$39.0M$92.0M$69.0M$102.0M
Total assets $17.61B$19.36B$21.62B$20.85B$26.63B$19.31B$18.17B$22.82B$25.99B$23.85B
Accounts payable $242.0M$257.0M$267.0M$261.0M$262.0M$278.0M$229.0M$286.0M$330.0M$283.0M
Short-term debt $750.0M$1.23B$750.0M$1.15B$1.35B$0$1.00B$1.55B$750.0M$1.45B
Total current liabilities $4.64B$6.10B$4.52B$4.27B$4.62B$4.00B$4.07B$4.45B$3.56B$3.85B
Long-term debt ——$6.97B$7.72B$7.73B$7.74B$6.74B$7.68B$9.23B$7.51B
Total liabilities $12.99B$14.21B$15.22B$15.70B$16.85B$15.75B$15.30B$16.54B$17.94B$13.31B
Retained earnings $39.43B$37.95B$36.53B$34.31B$36.09B$22.96B$17.75B$16.46B$13.93B$14.96B
Total equity $4.62B$5.16B$6.40B$5.15B$9.78B$3.56B$2.87B$6.28B$8.05B$10.53B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.96B$2.41B$2.43B$2.25B$2.66B$2.42B$3.11B$2.66B$3.15B$2.83B
Depreciation and amortisation $421.0M$370.0M$441.0M$442.0M$485.0M$560.0M$572.0M$591.0M$612.0M$605.0M
Stock-based compensation $607.0M$588.0M$575.0M$494.0M$477.0M$417.0M$415.0M$465.0M$483.0M$416.0M
Capital expenditure $525.0M$458.0M$456.0M$449.0M$444.0M$463.0M$508.0M$623.0M$666.0M$626.0M
Investing cash flow $1.42B$2.21B$240.0M$2.46B$3.66B$3.79B$2.79B$2.89B-$1.29B-$2.02B
Financing cash flow -$3.66B-$3.81B-$2.45B-$3.79B-$6.53B-$5.69B-$7.09B-$5.40B-$1.78B-$744.0M
Dividends paid $531.0M$533.0M$528.0M$489.0M$466.0M$447.0M$473.0M$0$0—
Buybacks $2.50B$3.15B$1.40B$3.14B$7.05B$5.14B$4.97B$4.50B$2.75B$2.94B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001552781-26-000285.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B Revenue, FY2016: 9.3B Gross profit, FY2016: 7.3B Net income, FY2016: 7.3B Revenue, FY2017: 9.9B Gross profit, FY2017: 7.7B Net income, FY2017: -1B Revenue, FY2018: 8.7B Gross profit, FY2018: 6.6B Net income, FY2018: 2.5B Revenue, FY2019: 7.4B Gross profit, FY2019: 5.8B Net income, FY2019: 1.8B Revenue, FY2020: 8.9B Gross profit, FY2020: 7.1B Net income, FY2020: 5.7B Revenue, FY2021: 10.4B Gross profit, FY2021: 7.8B Net income, FY2021: 13.6B Revenue, FY2022: 9.8B Gross profit, FY2022: 7.1B Net income, FY2022: -1.3B Revenue, FY2023: 10.1B Gross profit, FY2023: 7.3B Net income, FY2023: 2.8B Revenue, FY2024: 10.3B Gross profit, FY2024: 7.4B Net income, FY2024: 2B Revenue, FY2025: 11.1B Gross profit, FY2025: 7.9B Net income, FY2025: 2B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $9.30B $9.93B $8.65B $7.43B $8.89B $10.42B $9.79B $10.11B $10.28B $11.10B
Gross profit $7.29B $7.71B $6.63B $5.84B $7.10B $7.77B $7.12B $7.28B $7.40B $7.93B
Net income $7.27B -$1.02B $2.53B $1.79B $5.67B $13.61B -$1.27B $2.77B $1.98B $2.03B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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