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eBay (EBAY) operating margin by quarter

eBay's operating margin was 19.2% in Q3 2026 (third quarter 2026), -2.4 pts from Q2 2026. Over the last 7 quarters it ranged from 17.5% (Q2 2025) to 23.6% (Q1 2025).

eBay operating margin by quartereBay operating margin by quarter23.6%Q1 202517.5%Q2 202520.2%Q3 202520.8%Q4 202519.8%Q1 202621.6%Q2 202619.2%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202619.2%-2.4 pts-1.0 pts
Q2 202621.6%+1.8 pts+4.0 pts
Q1 202619.8%-1.0 pts-3.9 pts
Q4 202520.8%+0.5 pts—
Q3 202520.2%+2.7 pts—
Q2 202517.5%-6.1 pts—
Q1 202523.6%——

Q3 2026 at a glance

eBay, Q3 2026: revenue $3.2B (+14% year over year), operating margin 19.2%, net earnings $497M, operating cash flow $875M. The chart follows the revenue to costs, profit and cash.

Questions

What is eBay's operating margin?

eBay's operating margin was 19.2% in Q3 2026 (third quarter 2026), -2.4 pts from Q2 2026.

How has eBay's operating margin changed?

Over the last 7 quarters it ranged from 17.5% (Q2 2025) to 23.6% (Q1 2025).

Q3 2026 results → · How eBay makes money →