Filing Flows › eBay (EBAY) › Q2 2026 › vs Q2 2025
eBay (EBAY) Q2 2026 vs Q2 2025 (year over year)
eBay's revenue rose $404M (+15%) from $2.7B in Q2 2025 to $3.1B in Q2 2026. The biggest changes: Marketplace revenues +$290M (+13%); Advertising revenues +$114M (+24%). Gross margin 73.5% against 72.5% (+0.9 pts).
eBay, Q2 2026: revenue $3.1B (+15% year over year), operating margin 21.6%, net earnings $550M, operating cash flow $523M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 73.5% | 72.5% | +0.9 pts |
| Operating margin | 21.6% | 17.5% | +4.0 pts |
| Net margin | 17.5% | 13.3% | +4.2 pts |
| Free cash flow margin | 9.6% | -15.0% | +24.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Marketplace revenues | $2.5B | $2.2B | $290M | +13% |
| Advertising revenues | $596M | $482M | $114M | +24% |
| Revenue | $3.1B | $2.7B | $404M | +15% |
| Gross profit | $2.3B | $2.0B | $322M | +16% |
| Cost of revenue | $832M | $750M | $82.0M | +11% |
| Operating profit | $676M | $479M | $197M | +41% |
| Operating expenses | $1.6B | $1.5B | $125M | +8% |
| Pre-tax earnings | $663M | $472M | $191M | +40% |
| Other expense, net | $13.0M | $7.0M | $6.0M | +86% |
| Research & development | $484M | $452M | $32.0M | +7% |
| Sales & marketing | $697M | $586M | $111M | +19% |
| General & admin | $306M | $371M | −$65.0M | -18% |
| Other operating costs | $139M | $92.0M | $47.0M | +51% |
| Net earnings | $550M | $364M | $186M | +51% |
| Income tax | $113M | $107M | $6.0M | +6% |
| Depreciation & amortization | $101M | $52.0M | $49.0M | +94% |
| Share-based compensation | $182M | $165M | $17.0M | +10% |
| Working capital & other | $310M | $921M | −$611M | -66% |
| Operating cash flow | $523M | −$340M | $863M | — |
| Free cash flow (OCF − capex) | $300M | −$409M | $709M | — |
| Capital expenditures | $223M | $69.0M | $154M | +223% |
Questions
How much did eBay's revenue grow year over year in Q2 2026?
eBay's revenue rose $404M (+15%) from $2.7B in Q2 2025 to $3.1B in Q2 2026.
What drove eBay's revenue change in Q2 2026?
Marketplace revenues +$290M (+13%); Advertising revenues +$114M (+24%).