Q1 25 EPS
$1.38
BEAT +3.23%
Est. $1.34
Q1 25 Revenue
$2.59B
BEAT +1.50%
Est. $2.55B
vs S&P Since Q1 25
+27.9%
BEATING MARKET
EBAY +56.9% vs S&P +29.0%
Market Reaction
Did EBAY Beat Earnings? Q1 2025 Results
eBay opened 2025 on solid footing, posting a fourth consecutive quarter of positive gross merchandise volume growth as the e-commerce marketplace beat Wall Street expectations on both the top and bottom lines. Non-GAAP earnings per share came in at $… Read more eBay opened 2025 on solid footing, posting a fourth consecutive quarter of positive gross merchandise volume growth as the e-commerce marketplace beat Wall Street expectations on both the top and bottom lines. Non-GAAP earnings per share came in at $1.38, clearing the $1.34 consensus estimate by 3.23%, while revenue of $2.58 billion edged past the $2.55 billion forecast by 1.50%, rising 1.1% year-over-year. The clearest engine behind the results was advertising, where first-party ad products grew 13% to $418 million, reinforcing the platform's expanding monetization capabilities. Free cash flow also strengthened notably, reaching $644 million versus $472 million a year ago, enabling the company to return $759 million to shareholders through buybacks and dividends. Alongside the results, eBay announced a significant leadership reshuffle, including a CFO transition as Peggy Alford steps in to replace departing Steve Priest. Looking ahead, the company guided Q2 revenue of $2.59 billion to $2.66 billion and non-GAAP EPS of $1.24 to $1.31, with management citing tariff uncertainty as a factor behind a wider-than-typical guidance range.
Key Takeaways
- • Focus Categories and geo-specific investments driving momentum
- • Fourth consecutive quarter of positive GMV growth
- • First-party advertising revenue growth of 13% as-reported and 14% FX-Neutral
- • Active buyers grew 1% year-over-year to 134 million
- • U.S. GMV grew 1% year-over-year to $9.07 billion
EBAY YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
EBAY Revenue by Segment
With YoY comparisons, source: SEC Filings
“eBay's first quarter results were ahead of expectations, as we delivered our fourth consecutive quarter of positive GMV growth. Our Focus Categories and geo-specific investments are driving momentum in the business, and we continue to innovate – leveraging Al to make our marketplace more efficient and intuitive for customers.”
— Jamie Iannone, Q1 2025 Earnings Press Release
EBAY Earnings Trends
EBAY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
EBAY EPS Trend
Earnings per share: estimate vs actual
EBAY Revenue Trend
Quarterly revenue: estimate vs actual
EBAY Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | — | — | — | — |
| Q4 25 BEAT FY | $1.35 | $1.41 | +4.44% | $2.97B | +2.89% |
| FY Full Year | $5.46 | $5.52 | +1.04% | $11.10B | +0.76% |
| Q3 25 BEAT | $1.33 | $1.36 | +1.90% | $2.82B | +3.27% |
| Q2 25 BEAT | $1.30 | $1.37 | +5.63% | $2.73B | +3.38% |
| Q1 25 BEAT | $1.34 | $1.38 | +3.23% | $2.59B | +1.50% |