eBay (EBAY) | Financial Analysis & Statements
eBay Inc. Large-cap Consumer Cyclical
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
3.0B
Gross Profit
2.1B
71.37%
Operating Income
601.0M
20.27%
Net Income
528.0M
17.81%
EPS (Diluted)
$1.15
Balance Sheet Metrics
Total Assets
17.6B
Total Liabilities
13.0B
Shareholders Equity
4.6B
Debt to Equity
2.82
Cash Flow Metrics
Operating Cash Flow
829.0M
Free Cash Flow
466.0M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
eBay Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 11.1B | 10.3B | 10.1B | 9.8B | 10.4B |
| Cost of Goods Sold | 3.2B | 2.9B | 2.8B | 2.7B | 2.6B |
| Gross Profit | 7.9B | 7.4B | 7.3B | 7.1B | 7.8B |
| Gross Margin % | 71.5% | 72.0% | 72.0% | 72.6% | 74.6% |
| Operating Expenses | |||||
| Research & Development | 1.6B | 1.5B | 1.5B | 1.3B | 1.3B |
| Selling, General & Administrative | 3.6B | 3.2B | 3.4B | 3.1B | 3.1B |
| Other Operating Expenses | 396.0M | 353.0M | 360.0M | 332.0M | 422.0M |
| Total Operating Expenses | 5.6B | 5.1B | 5.3B | 4.8B | 4.8B |
| Operating Income | 2.3B | 2.3B | 1.9B | 2.4B | 2.9B |
| Operating Margin % | 20.5% | 22.5% | 19.2% | 24.0% | 28.1% |
| Non-Operating Items | |||||
| Interest Income | 265.0M | 272.0M | 204.0M | 73.0M | 19.0M |
| Interest Expense | 246.0M | 259.0M | 263.0M | 235.0M | 269.0M |
| Other Non-Operating Income | 11.0M | -53.0M | 1.8B | -3.8B | -2.3B |
| Pre-tax Income | 2.3B | 2.3B | 3.7B | -1.6B | 398.0M |
| Income Tax | 311.0M | 297.0M | 932.0M | -327.0M | 146.0M |
| Effective Tax Rate % | 13.5% | 13.0% | 25.1% | 0.0% | 36.7% |
| Net Income | 2.0B | 2.0B | 2.8B | -1.3B | 13.6B |
| Net Margin % | 18.3% | 19.2% | 27.4% | -13.0% | 130.6% |
| Key Metrics | |||||
| EBITDA | 2.9B | 2.9B | 2.5B | 2.9B | 3.4B |
| EPS (Basic) | $4.43 | $3.99 | $5.22 | $-2.27 | $20.87 |
| EPS (Diluted) | $4.34 | $3.94 | $5.19 | $-2.27 | $20.54 |
| Basic Shares Outstanding | 459000000 | 496000000 | 530000000 | 558000000 | 652000000 |
| Diluted Shares Outstanding | 459000000 | 496000000 | 530000000 | 558000000 | 652000000 |
Income Statement Trend
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eBay Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 1.9B | 2.4B | 2.0B | 2.2B | 1.4B |
| Short-term Investments | 1.1B | 3.5B | 7.0B | 5.3B | 5.9B |
| Accounts Receivable | 1.2B | 871.0M | 94.0M | 90.0M | 98.0M |
| Inventory | - | - | - | - | - |
| Other Current Assets | 245.0M | 200.0M | 256.0M | 276.0M | 248.0M |
| Total Current Assets | 5.1B | 7.6B | 11.0B | 9.3B | 9.1B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 428.0M | 427.0M | 493.0M | 513.0M | 289.0M |
| Goodwill | 8.9B | 8.5B | 8.5B | 8.5B | 8.4B |
| Intangible Assets | - | - | - | - | 8.0M |
| Long-term Investments | - | - | - | - | 444.0M |
| Other Non-Current Assets | 3.5B | 3.4B | 3.5B | 3.8B | 3.8B |
| Total Non-Current Assets | 12.5B | 11.8B | 10.6B | 11.6B | 17.5B |
| Total Assets | 17.6B | 19.4B | 21.6B | 20.8B | 26.6B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 242.0M | 257.0M | 267.0M | 261.0M | 262.0M |
| Short-term Debt | 869.0M | 1.8B | 868.0M | 1.3B | 1.5B |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | 4.6B | 6.1B | 4.5B | 4.3B | 4.6B |
| Non-Current Liabilities | |||||
| Long-term Debt | 6.3B | 6.1B | 7.4B | 8.1B | 7.9B |
| Deferred Tax Liabilities | 1.5B | 1.4B | 2.4B | 2.2B | 3.1B |
| Other Non-Current Liabilities | 575.0M | 632.0M | 936.0M | 1.0B | 1.2B |
| Total Non-Current Liabilities | 8.4B | 8.1B | 10.7B | 11.4B | 12.2B |
| Total Liabilities | 13.0B | 14.2B | 15.2B | 15.7B | 16.8B |
| Equity | |||||
| Common Stock | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M |
| Retained Earnings | 39.4B | 38.0B | 36.5B | 34.3B | 36.1B |
| Treasury Stock | 53.8B | 51.3B | 48.1B | 46.7B | 43.4B |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 4.6B | 5.2B | 6.4B | 5.2B | 9.8B |
| Key Metrics | |||||
| Total Debt | 7.2B | 7.9B | 8.2B | 9.4B | 9.4B |
| Working Capital | 449.0M | 1.5B | 6.5B | 5.0B | 4.5B |
Balance Sheet Composition
eBay Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 2.0B | 2.0B | 2.8B | -1.3B | 252.0M |
| Depreciation & Amortization | 407.0M | 324.0M | 403.0M | 442.0M | 502.0M |
| Stock-Based Compensation | 607.0M | 588.0M | 575.0M | 494.0M | 477.0M |
| Working Capital Changes | -109.0M | 96.0M | 170.0M | 13.0M | 611.0M |
| Operating Cash Flow | 3.3B | 2.1B | 4.2B | -1.1B | -12.2B |
| Investing Activities | |||||
| Capital Expenditures | -525.0M | -458.0M | -456.0M | -449.0M | -444.0M |
| Acquisitions | -208.0M | 4.3B | 106.0M | 887.0M | 2.4B |
| Investment Purchases | -6.7B | -13.9B | -13.9B | -18.5B | -22.3B |
| Investment Sales | 8.7B | 12.3B | 14.5B | 20.6B | 18.9B |
| Investing Cash Flow | 1.2B | 2.2B | 240.0M | 2.5B | -1.4B |
| Financing Activities | |||||
| Share Repurchases | -2.5B | -3.1B | -1.4B | -3.1B | -7.1B |
| Dividends Paid | -531.0M | -533.0M | -528.0M | -489.0M | -466.0M |
| Debt Issuance | 994.0M | 0 | 0 | 1.1B | 2.5B |
| Debt Repayment | -3.7B | -750.0M | -1.2B | -1.4B | -1.2B |
| Financing Cash Flow | -6.1B | -3.8B | -2.4B | -3.8B | -6.6B |
| Free Cash Flow | 1.4B | 2.0B | 2.0B | 1.8B | 2.2B |
| Net Change in Cash | -1.6B | 522.0M | 2.0B | -2.4B | -20.2B |
Cash Flow Trend
eBay Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
24.27
Forward P/E
15.53
Price to Book
10.06
Price to Sales
4.17
PEG Ratio
-1.33
Profitability Ratios
Profit Margin
18.30%
Operating Margin
16.22%
Return on Equity
40.85%
Return on Assets
7.80%
Financial Health
Current Ratio
1.10
Debt to Equity
155.62
Beta
1.33
Per Share Data
EPS (TTM)
$4.26
Book Value per Share
$10.28
Revenue per Share
$24.18
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| EBAY | 43.9B | 24.27 | 10.06 | 40.85% | 18.30% | 155.62 |
| Amazon.com | 2.7T | 34.85 | 6.52 | 22.29% | 10.83% | 43.44 |
| MercadoLibre | 91.7B | 47.17 | 13.93 | 35.99% | 6.91% | 169.24 |
| Doordash | 77.1B | 85.66 | 7.90 | 10.44% | 6.82% | 32.75 |
| Coupang | 37.5B | 186.45 | 8.09 | 4.86% | 0.60% | 100.26 |
| Chewy | 10.7B | 49.33 | 21.39 | 58.68% | 1.77% | 111.83 |
Financial data is updated regularly. All figures are in the company's reporting currency.






