eBay Earnings: Q3 Revenue and GMV Rise
eBay earnings showed Q3 revenue, GMV and EPS strength and flagged collectibles and eBay Live as drivers, sharpening Q4 guide and capital-return narrative.
KEY TAKEAWAYS
- Third-quarter revenue was $3.2 billion and GMV was $23.2 billion following the filing.
- Non-GAAP EPS was $1.51 and non-GAAP margin stood at 26.3%.
- Management cited collectibles growth and eBay Live multibillion-dollar run rate as category drivers.
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eBay earnings on Oct. 28, 2026 showed broad momentum across the marketplace, with management citing collectibles as the leading growth driver and highlighting traction in live commerce as a strategic priority.
Quarter Results and Guidance
eBay Inc. (EBAY) reported third-quarter revenue of $3.2 billion, up 14% year over year and 13% on a currency-neutral basis, for the period ended Sept. 30, 2026. Gross merchandise volume (GMV) rose 15% to $23.2 billion, or 16% FX-neutral.
GAAP net income from continuing operations was $501 million, or $1.11 per diluted share. On a non-GAAP basis, net income was $685 million, or $1.51 per diluted share. GAAP operating margin stood at 19.2%, while the non-GAAP margin was 26.3%, reflecting adjustments between reported and adjusted results.
The company returned $827 million to shareholders, including $689 million in share repurchases and $138 million in cash dividends. It set fourth-quarter revenue guidance between $3.19 billion and $3.24 billion, with non-GAAP earnings per share expected in the range of $1.48 to $1.53. The outlook assumes continued investment in strategic priorities where eBay sees competitive advantages.
Category Momentum and Operations
Management said focus-category GMV increased 24%, led by collectibles, eBay Motors, fashion, and refurbished goods. These categories grew 19 percentage points faster than the rest of the marketplace, driving overall top-line and volume gains.
eBay Live reached a multibillion-dollar annualized GMV run rate, showing traction across collectibles, fashion, handbags, watches, and home and garden.
The company expanded its Authenticity Guarantee to eligible collectible coins in the U.S. through a partnership with the Professional Coin Grading Service. It also lowered mandatory trading-card authentication price thresholds in the U.S. and U.K., part of an operational trust-and-safety expansion to support higher-value recommerce.
CEO Jamie Iannone said, “eBay’s strong third quarter results reflect continued momentum across our business priorities and customer segments as more consumers embrace recommerce.”
