eBay (EBAY) Q1 2026 (USD): adj. EPS 1.66 (exp. 1.58), Revenue 3.1bln (exp. 3.04bln)

  • Active buyers +1% to 136mln
  • Advertising revenue USD 581mln, representing 2.6% of GMV; first-party advertising revenue +33% to USD 555mln
  • GMV +18% to USD 22.197bln
  • US GMV +27% to USD 11.503bln
  • International GMV +10% to USD 10.694bln
  • USD 2.3bln remains under its repurchase authorisation
  • Declared a Q2 cash dividend of 0.31/shr

GUIDANCE:

  • Q2 adj. EPS view 1.46-1.51 (exp. 1.50)
  • Q2 Rev. view 2.97-3.03bln (exp. 2.96bln)

COMMENTARY:

  • CEO said eBay accelerated GMV growth and performed ahead of expectations
  • CFO Peggy Alford cited operating leverage and disciplined capital allocation.
Context

eBay's Q1 results show an impressive beat on both adjusted EPS and revenue, indicating stronger-than-expected operational performance with significant growth in both US and international GMV. The guidance for Q2 also suggests a positive outlook, aligning closely with expectations, which might boost investor confidence and drive the stock higher amidst a solid backdrop of advertising revenue growth and ongoing capital return initiatives.

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