EBay’s third-quarter performance showed notable progress, fueled by the ongoing assimilation of Depop and expanded tools designed to boost seller participation. The platform’s net income from ongoing activities totaled $501 million, equivalent to $1.11 per diluted share, down from $593 million, or $1.27 per diluted share, in the same period last year.
When excluding extraordinary items, net income rose to $685 million, or $1.51 per diluted share, compared with $633 million, or $1.35 per diluted share, in the corresponding quarter of 2023. The company exceeded Wall Street expectations, surpassing Zacks Investment Research’s adjusted earnings per share estimate of $1.43 by 2.85%, while revenue also outpaced projections.
Total net revenue climbed to $3.21 billion, up from $2.82 billion in the prior-year quarter. Operating income reached $616 million, an increase from $571 million annually. Meanwhile, gross merchandise volume hit $23.2 billion, a 15% rise on a reported basis and a 16% gain on a currency-neutral year-over-year comparison.
For the full fiscal year, EBay projects revenue between $12.62 billion and $12.67 billion, alongside diluted adjusted earnings per share of $6.25 to $6.30. Key third-quarter developments included Depop’s integration, upgrades to homepage navigation and listing efficiency, and expanded live-streaming options for sellers.
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These enhancements enable sellers to distribute broadcasts across eBay Live and social media simultaneously, reinforcing buyer confidence through AI-driven moderation of conversations, audio, and video, as well as stricter content reviews.
October’s sixth annual Recommerce Report revealed that 47% of shoppers now buy secondhand items monthly, up from 35% in 2025.
Peggy Alford, eBay’s CFO, added, “Our third-quarter results demonstrate that eBay’s strategy is delivering strong GMV growth and meaningful earnings expansion. By investing with discipline in our highest strategic priorities and focusing on the areas where we have a clear competitive advantage, we are positioning eBay for durable, profitable growth and long-term shareholder value.”
