Shares of eBay Inc. (Nasdaq: EBAY) stayed red on Tuesday. The stock has gained 27% in the past 12 months. The ecommerce company is scheduled to report its earnings results for the fourth quarter of 2025 on Wednesday, February 18, after market close. Here’s a look at what to expect from the earnings report:
Revenue
eBay has guided for revenues of $2.83-2.89 billion for the fourth quarter of 2025, which represents an FX-neutral growth of 8-10% year-over-year. Analysts are projecting revenue of $2.87 billion, which indicates an 8% increase from the prior-year quarter. In the third quarter of 2025, revenues of $2.82 billion were up 9% on a reported basis and 8% on an FX-neutral basis YoY.
Earnings
eBay has guided for earnings per share, on an adjusted basis, to range between $1.31-1.36 for Q4 2025. Analysts are predicting EPS of $1.35, which implies a growth of 8% from the year-ago period. In Q3 2025, adjusted EPS increased 14% YoY to $1.36.
Points to note
eBay has guided for gross merchandise volume (GMV) to range between $20.5-20.9 billion in the fourth quarter of 2025, representing an FX-neutral growth of 4-6% YoY. In the third quarter of 2025, GMV increased 8% YoY on an FX-neutral basis to $20.1 billion.
EBAY is likely to have benefited from overall strength in the US market. Last quarter, US GMV increased 13%, driven by strength across all categories as well as increases in sold items and average selling price. The company is also expected to benefit from continued traction in focus categories, with particular strength in collectibles, motors, parts and accessories, and fashion. In Q3, focus category GMV was up 15%, with growth across all categories.
The ecommerce leader’s addition of authentication tools and features for collectibles and luxury and premium brands within fashion is expected to drive more transactions on its platform. Its partnerships and strategic acquisitions are also expected to help broaden its offerings on its marketplace.
In addition, the company’s efforts in providing better pricing transparency, shipping support for bulky items, faster payment options as well as its investments in AI to improve the shopping experience are all expected to yield benefits.