Gross merchandise volume (GMV) was $19.5 billion, up 6% on a reported basis and up 4% on an FX-neutral basis compared to last year.
GAAP net income increased 63% to $369 million and earnings per share grew 77% to $0.79 compared to last year. Adjusted EPS rose 16% year-over-year to $1.37.
For the third quarter of 2025, revenue is expected to range between $2.69-2.74 billion, which represents a 3-5% FX-neutral YoY growth. GMV is expected to be $19.2-19.6 billion, up 3-5% YoY on an FX-neutral basis. GAAP EPS is expected to be $0.97-1.02 and adjusted EPS is expected to be $1.29-1.34.
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Prior performance
