$EBAY · EBAY INC
eBay reported Q3 2026 results with revenue of $3.206B (+14% YoY), GMV of $23.2B (+15% YoY), and Non-GAAP diluted EPS of $1.51. Active Buyers jumped 10% YoY to 147M. The company returned $827M to shareholders via buybacks ($689M) and dividends ($138M). Q4 guidance calls for $3.19B–$3.24B in revenue and Non-GAAP EPS of $1.48–$1.53.
- Revenue of $3.206B, up 14% YoY on an as-reported basis and 13% FX-neutral.
- Gross Merchandise Volume hit $23.2B, up 15% as-reported and 16% FX-neutral.
- Non-GAAP diluted EPS of $1.51, up 12% YoY from $1.35.
- Active Buyers surged to 147 million, up 10% YoY — the strongest growth in at least two years.
- Q4 guidance: Revenue $3.19B–$3.24B (7%–9% FX-neutral growth), Non-GAAP EPS $1.48–$1.53.
Extended-hours trading at $124.56, up 5.54% vs the regular-session close of $118.02. The strong GMV acceleration (15% vs 10% in Q3 2025) and Active Buyer surge to 147M are driving the after-hours rally on a $52.5B market cap name.
eBay's 10% Active Buyer surge and 15% GMV acceleration signal a genuine recommerce-driven growth inflection for a mature platform, defying the low-single-digit growth narrative that has defined the stock for years.
eBay's 15% GMV growth and 10% Active Buyer expansion significantly outpace broader e-commerce peers, driven by recommerce tailwinds and C2C platform investments. The Depop acquisition from Etsy for $1.4B consolidates its position in circular fashion.
GAAP net income from continuing operations fell 16% YoY to $501M, and GAAP operating margin contracted to 19.2% from 20.3%. The $1.4B Depop acquisition adds integration risk and contributed to long-term debt of $5.1B.