eBay Inc. (EBAY) Income Statement
EBAY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsEBAY revenue and net income
Where EBAY's revenue goes
2025Each bar shows an amount and its share of revenue. EBAY kept 18.3% of revenue as net income.
EBAY profit margins
EBAY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.9% | +4.3% | +4.5% | +2.6% |
| Gross profit | +7.1% | +3.7% | +2.2% | +1.5% |
| Operating income | −1.8% | −1.0% | −2.9% | +0.4% |
| Net income | +2.8% | — | −18.6% | +1.6% |
| EPS (diluted) | +6.2% | +7.9% | +7.7% | +7.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EBAY quarterly EPS vs estimates
eBay beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 28, 2026 (estimate $1.11).
EBAY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.10B | $10.28B | $10.11B | $9.79B | $10.42B | $8.89B | $7.43B | $8.65B | $9.93B | $9.30B |
| Cost of revenue | $3.17B | $2.88B | $2.83B | $2.68B | $2.65B | $1.80B | $1.58B | $2.02B | $2.22B | $2.00B |
| Gross profit | $7.93B | $7.40B | $7.28B | $7.12B | $7.77B | $7.10B | $5.84B | $6.63B | $7.71B | $7.29B |
| Research & development | $1.64B | $1.48B | $1.54B | $1.33B | $1.32B | $1.03B | $930.0M | $1.05B | $1.22B | $1.11B |
| Sales, general & admin | $3.59B | $3.23B | $3.41B | $3.10B | $3.09B | $3.08B | $2.85B | $3.56B | $3.91B | $3.59B |
| Total operating expenses | $5.65B | $5.08B | $5.34B | $4.76B | $4.85B | $4.46B | $4.07B | $4.88B | $5.44B | $4.97B |
| Operating income | $2.28B | $2.32B | $1.94B | $2.35B | $2.92B | $2.64B | $1.77B | $1.75B | $2.26B | $2.33B |
| Interest income | $265.0M | $272.0M | $204.0M | $73.0M | $19.0M | $39.0M | $120.0M | $176.0M | $177.0M | $125.0M |
| Interest expense | $246.0M | $259.0M | $263.0M | $235.0M | $269.0M | $304.0M | $199.0M | $342.0M | $292.0M | $225.0M |
| Income before taxes | $2.31B | $2.28B | $3.71B | −$1.60B | $398.0M | $3.35B | $1.65B | $2.25B | $2.27B | $3.65B |
| Income taxes | $311.0M | $297.0M | $932.0M | −$327.0M | $146.0M | $858.0M | $219.0M | $121.0M | $3.29B | −$3.63B |
| Net income | $2.03B | $1.98B | $2.77B | −$1.27B | $13.61B | $5.67B | $1.79B | $2.53B | −$1.02B | $7.27B |
| EBITDA | $2.96B | $2.86B | $4.37B | −$924.0M | $1.17B | $4.23B | $2.56B | $3.23B | $3.24B | $4.56B |
| EPS (diluted) | $5.17 | $4.87 | $4.24 | $4.11 | $4.03 | $3.56 | $2.83 | $2.33 | $2.01 | $1.89 |
| Gross margin | 71.5% | 72.0% | 72.0% | 72.6% | 74.6% | 79.8% | 78.7% | 76.6% | 77.6% | 78.4% |
| Operating margin | 20.5% | 22.5% | 19.2% | 24.0% | 28.1% | 29.6% | 23.8% | 20.3% | 22.8% | 25.0% |
| Net margin | 18.3% | 19.2% | 27.4% | −13.0% | 130.6% | 63.7% | 24.0% | 29.2% | −10.2% | 78.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.13B | $3.09B | $2.96B | $2.82B | $2.73B | $2.58B | $2.58B | $2.58B | $2.57B | $2.56B | $2.55B | $2.50B |
| Cost of revenue | $832.0M | $802.0M | $849.0M | $821.0M | $776.0M | $723.0M | $718.0M | $727.0M | $735.0M | $700.0M | $705.0M | $705.0M |
| Gross profit | $2.30B | $2.29B | $2.12B | $2.00B | $1.95B | $1.86B | $1.86B | $1.85B | $1.84B | $1.86B | $1.85B | $1.79B |
| Research & development | $484.0M | $450.0M | $436.0M | $423.0M | $421.0M | $362.0M | $375.0M | $374.0M | $379.0M | $351.0M | $399.0M | $401.0M |
| Sales, general & admin | $1.00B | $1.08B | $950.0M | $888.0M | $957.0M | $797.0M | $850.0M | $786.0M | $818.0M | $779.0M | $938.0M | $850.0M |
| Total operating expenses | $1.63B | $1.68B | $1.51B | $1.42B | $1.47B | $1.25B | $1.32B | $1.25B | $1.29B | $1.23B | $1.34B | $1.34B |
| Operating income | $676.0M | $611.0M | $601.0M | $576.0M | $484.0M | $616.0M | $543.0M | $595.0M | $549.0M | $631.0M | $507.0M | $455.0M |
| Interest income | $58.0M | $58.0M | $59.0M | $65.0M | $64.0M | $77.0M | $76.0M | $72.0M | $63.0M | $61.0M | — | $58.0M |
| Interest expense | $65.0M | $61.0M | $61.0M | $62.0M | $62.0M | $61.0M | $65.0M | $63.0M | $65.0M | $66.0M | $65.0M | $65.0M |
| Income before taxes | $665.0M | $618.0M | $623.0M | $573.0M | $477.0M | $634.0M | $617.0M | $797.0M | $328.0M | $536.0M | $1.03B | $1.66B |
| Income taxes | $113.0M | $106.0M | $98.0M | −$24.0M | $108.0M | $129.0M | −$63.0M | $161.0M | $102.0M | $97.0M | $303.0M | $355.0M |
| Net income | $550.0M | $512.0M | $528.0M | $632.0M | $368.0M | $503.0M | $679.0M | $634.0M | $224.0M | $438.0M | $724.0M | $1.30B |
| EBITDA | $831.0M | $772.0M | $799.0M | $741.0M | $646.0M | $774.0M | $761.0M | $952.0M | $470.0M | $678.0M | $605.0M | $1.82B |
| EPS (diluted) | $1.25 | $1.66 | $1.06 | $1.36 | $1.37 | $1.38 | $1.25 | $1.19 | $1.18 | $1.25 | $1.07 | $1.03 |
| Gross margin | 73.5% | 74.0% | 71.4% | 70.9% | 71.6% | 72.0% | 72.2% | 71.8% | 71.4% | 72.6% | 72.4% | 71.8% |
| Operating margin | 21.6% | 19.8% | 20.3% | 20.4% | 17.7% | 23.8% | 21.1% | 23.1% | 21.3% | 24.7% | 19.9% | 18.2% |
| Net margin | 17.5% | 16.6% | 17.8% | 22.4% | 13.5% | 19.5% | 26.3% | 24.6% | 8.7% | 17.1% | 28.4% | 52.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EBAY's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EBAY financial results
In fiscal year 2025 (ended December 31, 2025), eBay reported revenue of $11.1 billion, up 7.9% from the year before. It had net income of $2.0 billion (up 2.8%), a net profit margin of 18.3%. Diluted earnings per share came to $5.17. Over five years revenue grew at an average rate of 4.5% a year.
See the EBAY stock overview for the latest quote and news, or the EBAY chart for price history and technical indicators.
EBAY income statement FAQ
What is eBay's annual revenue?
eBay reported total revenue of $11.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.9% from $10.3 billion the previous year.
Is eBay profitable?
Yes. eBay reported net income of $2.0 billion in fiscal 2025, a net profit margin of 18.3%; its operating margin was 20.5%.
What is eBay's gross margin?
eBay's gross margin was 71.5% in fiscal 2025: for every $100 of revenue, eBay kept $71 after the direct cost of its products and services.
How much does eBay spend on research and development?
eBay spent $1.6 billion on research and development in fiscal 2025, 14.8% of revenue.
How fast is eBay growing?
Revenue grew 4.5% a year on average over the last five fiscal years, from $8.9 billion to $11.1 billion.
What are eBay's earnings per share?
eBay earned $5.17 per diluted share in fiscal 2025, compared with $4.87 a year earlier.
When will eBay report its next earnings?
eBay is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 after the market closes.
When does eBay's fiscal year end?
eBay's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.