eBay Inc. (NASDAQ: EBAY) reported revenue of $2.96 billion for the fourth quarter of 2025, up 15% on a reported basis and up 13% on a foreign exchange (FX) neutral basis.
Net income was $528 million, or $1.15 per share, compared to $679 million, or $1.40 per share, last year. Adjusted EPS from continuing operations grew 13% to $1.41.
Gross Merchandise Volume (GMV) was $21.2 billion, up 10% on a reported basis and up 8% on an FX-neutral basis.
For the first quarter of 2026, eBay expects revenue of $3.00-3.05 billion, representing a growth of 13-15% YoY on an FX-neutral basis. GMV is expected to be $21.5-21.9 billion, representing a growth of 10-12% on an FX-neutral basis. GAAP EPS is expected to be $1.14-1.20 while adjusted EPS is expected to be $1.53-1.59.
eBay has also agreed to acquire Depop, Inc., a C2C fashion marketplace, from Etsy, Inc. for approx. $1.2 billion. The transaction is expected to close in the second quarter of 2026.