Revenue
Earnings
EBAY has guided for GAAP earnings per share of $0.87-0.94 and adjusted EPS of $1.24-1.31 for Q2 2025. Analysts are predicting EPS of $1.30. This compares to adjusted EPS of $1.18 reported in Q2 2024. In Q1 2025, adjusted EPS grew 10% YoY to $1.38.
Points to note
eBay has guided for gross merchandise volume (GMV) of $18.6-19.1 billion for the second quarter of 2025, which represents FX-neutral YoY growth of down 1% to up 2%. In Q1 2025, GMV was $18.8 billion, up 2% on an FX-neutral basis.
eBay can be expected to benefit from momentum in its focus categories, particularly collectibles, fashion, and luxury. Last quarter, GMV from focus categories grew 6%, led by collectibles, especially trading cards. The company can be expected to benefit from demand for refurbished and pre-owned goods especially in times when consumers continue to seek value.
eBay’s region-specific investments are also likely to have benefited the Q2 performance. The company’s initiatives in simplifying shipping as well as the addition of pick-up and drop-off capabilities in the UK are likely to have yielded benefits during the second quarter.