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eBay (EBAY) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · eBay (EBAY) Q3 2026 earnings results →
Q3 2026 Revenue up 14% year over year to $3.2B · 16¢ of every $1 of revenue kept as net profit · operating margin 19.2%
eBay made $3.2B in Q3 2026 (+14% Y/Y): Marketplace revenues $2.6B, Advertising revenues $607M. Operating margin 19.2%, net earnings $497M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $3.2B in Q3 2026, up 14% year over year and up 2% from the previous quarter. Marketplace revenues was the largest line at 81% of revenue. Marketplace revenues added $0.30B year over year (up 13%), 79% of the total change.
Gross margin was 72.3%, up 0.5 points from Q3 2025. Operating profit was $0.62B, a 19.2% margin (down 1.0 points year over year). Of the extra revenue versus Q3 2025, 12% reached operating profit, below the 20% margin then. Operating expenses grew 17% against revenue growth of 14%. The fastest-growing cost line was Sales & marketing (+23%). Net earnings were $0.50B, down 21% year over year. The effective tax rate was 17.3%.
Operating cash flow was $0.88B (up 2% year over year), 176% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.17B of share-based compensation. Working capital and other items added $0.09B. After purchases of property and equipment ($0.13B), free cash flow as the company reports it was $0.75B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $3.2B | +14% | 19.2% | $497M | $875M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $3.1B | +15% | 21.6% | $550M | $523M |
| Q1 2026 | 10-Q | Apr 29, 2026 | $3.1B | +20% | 19.8% | $512M | $969M |
| Q4 2025 | 10-K | Feb 19, 2026 | $3.0B | +15% | 20.8% | $540M | $583M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $2.8B | +10% | 20.2% | $628M | $961M |
| Q2 2025 | 10-Q | Jul 31, 2025 | $2.7B | +6% | 17.5% | $364M | −$340M |
| Q1 2025 | 10-Q | May 1, 2025 | $2.6B | +1% | 23.6% | $499M | $755M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
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About eBay
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 its own words, from its 10-K, filed Feb 19, 2026.
eBay against its Services-Business Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +14% against the peers' median +13%. Operating margin: 19.2% against the peers' median 15.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| EBAY eBay | Q3 2026 | $3.2B | +14% | 19.2% |
| ACN Accenture | Q4 FY26 | $18.7B | +6% | 15.3% |
| UBER Uber Technologies | Q3 2026 | $14.8B | +10% | 9.8% |
| V Visa | Q4 FY26 | $12.1B | +13% | 59.8% |
| MELI MercadoLibre | Q3 2026 | $10.8B | +45% | 6.3% |
| MA Mastercard | Q3 2026 | $9.8B | +14% | 59.8% |
| PYPL PayPal Holdings | Q3 2026 | $8.6B | +2% | 16.3% |
| FISV Fiserv | Q3 2026 | $5.2B | -1% | -105.7% |
| DASH DoorDash | Q3 2026 | $4.6B | +34% | 9.6% |
Source: eBay 10-Q on SEC EDGAR · CIK 1065088 · Services-Business Services, NEC
Guidance and outlook
13F: who owns EBAY and who is buying
More on EBAY
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- eBay guidance history: guided vs reported
- eBay gross margin by quarter
- eBay operating margin by quarter
- eBay net income by quarter
- eBay free cash flow by quarter
- eBay R&D spending by quarter
- eBay capital expenditures by quarter
- eBay Marketplace revenues revenue by quarter
- eBay Advertising revenues revenue by quarter