Filing Flows › eBay (EBAY) › Q3 2026 › vs Q3 2025
eBay (EBAY) Q3 2026 vs Q3 2025 (year over year)
eBay's revenue rose $386M (+14%) from $2.8B in Q3 2025 to $3.2B in Q3 2026. The biggest changes: Marketplace revenues +$304M (+13%); Advertising revenues +$82.0M (+16%). Gross margin 72.3% against 71.8% (+0.5 pts).
eBay, Q3 2026: revenue $3.2B (+14% year over year), operating margin 19.2%, net earnings $497M, operating cash flow $875M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 72.3% | 71.8% | +0.5 pts |
| Operating margin | 19.2% | 20.2% | -1.0 pts |
| Net margin | 15.5% | 22.3% | -6.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Marketplace revenues | $2.6B | $2.3B | $304M | +13% |
| Advertising revenues | $607M | $525M | $82.0M | +16% |
| Revenue | $3.2B | $2.8B | $386M | +14% |
| Gross profit | $2.3B | $2.0B | $293M | +14% |
| Cost of revenue | $887M | $794M | $93.0M | +12% |
| Operating profit | $616M | $571M | $45.0M | +8% |
| Operating expenses | $1.7B | $1.5B | $248M | +17% |
| Pre-tax earnings | $601M | $603M | −$2.0M | -0.3% |
| Other expense, net | $15.0M | −$32.0M | $47.0M | — |
| Research & development | $517M | $455M | $62.0M | +14% |
| Sales & marketing | $747M | $606M | $141M | +23% |
| General & admin | $303M | $282M | $21.0M | +7% |
| Other operating costs | $136M | $112M | $24.0M | +21% |
| Net earnings | $497M | $628M | −$131M | -21% |
| Income tax | $104M | −$25.0M | $129M | — |
| Depreciation & amortization | $116M | $77.0M | $39.0M | +51% |
| Share-based compensation | $173M | $147M | $26.0M | +18% |
| Working capital & other | $89.0M | $10.0M | $79.0M | +790% |
| Operating cash flow | $875M | $862M | $13.0M | +2% |
Questions
How much did eBay's revenue grow year over year in Q3 2026?
eBay's revenue rose $386M (+14%) from $2.8B in Q3 2025 to $3.2B in Q3 2026.
What drove eBay's revenue change in Q3 2026?
Marketplace revenues +$304M (+13%); Advertising revenues +$82.0M (+16%).