NASDAQ : EBAY
eBay Inc. — Financial statements
Consumer Discretionary · Internet Retail · United States
Last price 121.64 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 53.40B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
eBay Inc. (EBAY) reported revenue of 12.39B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 12.39B | 11.10B | 10.28B | 10.11B | 9.79B | 10.42B |
| Cost of Revenue | 3.45B | 3.17B | 2.88B | 2.83B | 2.68B | 2.65B |
| Gross Profit | 8.95B | 7.93B | 7.40B | 7.28B | 7.12B | 7.77B |
| Selling, General & Admin | 3.93B | 3.44B | 3.29B | 3.41B | 3.10B | 3.06B |
| Research & Development | 1.79B | 1.64B | 1.48B | 1.54B | 1.33B | 1.32B |
| Amortization of Goodwill & Intangibles | 31.00M | 24.00M | 20.00M | 21.00M | 4.00M | 9.00M |
| Other Operating Expenses | 516.00M | 396.00M | 353.00M | 360.00M | 332.00M | 422.00M |
| Operating Expenses | 6.27B | 5.50B | 5.14B | 5.34B | 4.76B | 4.81B |
| Operating Income | 2.67B | 2.43B | 2.26B | 1.94B | 2.35B | 2.96B |
| Interest Expense | -251.00M | -246.00M | -259.00M | -263.00M | -235.00M | -269.00M |
| Interest & Investment Income | 224.00M | 265.00M | 272.00M | 204.00M | 73.00M | 19.00M |
| Currency Exchange Gain (Loss) | 3.00M | 6.00M | 23.00M | -7.00M | -3.00M | 90.00M |
| EBT Excluding Unusual Items | 2.65B | 2.45B | 2.30B | 1.88B | 2.19B | 2.80B |
| Merger & Restructuring Charges | -35.00M | |||||
| Gain (Loss) on Sale of Investments | 31.00M | 5.00M | -76.00M | 1.83B | -3.79B | -2.37B |
| Legal Settlements | -61.00M | -61.00M | 56.00M | |||
| Other Unusual Items | -91.00M | -91.00M | ||||
| Pretax Income | 2.53B | 2.31B | 2.28B | 3.71B | -1.60B | 398.00M |
| Income Tax Expense | 424.00M | 311.00M | 297.00M | 932.00M | -327.00M | 146.00M |
| Earnings From Continuing Operations | 2.10B | 2.00B | 1.98B | 2.77B | -1.27B | 252.00M |
| Earnings From Discontinued Operations | -3.00M | 35.00M | -6.00M | -8.00M | 5.00M | 13.36B |
| Net Income | 2.10B | 2.03B | 1.98B | 2.77B | -1.27B | 13.61B |
| Net Income to Common | 2.10B | 2.03B | 1.98B | 2.77B | -1.27B | 13.61B |
| Shares Outstanding (Basic) | 447.00M | 459.00M | 496.00M | 530.00M | 558.00M | 652.00M |
| Shares Outstanding (Diluted) | 456.00M | 468.00M | 501.00M | 533.00M | 558.00M | 663.00M |
| EPS (Basic) | 4.70 | 4.42 | 3.98 | 5.22 | -2.27 | 20.87 |
| EPS (Diluted) | 4.60 | 4.33 | 3.94 | 5.19 | -2.27 | 20.52 |
| Free Cash Flow | 2.41B | 1.43B | 1.96B | 1.97B | 1.80B | 2.21B |
| Free Cash Flow Per Share | 5.29 | 3.06 | 3.90 | 3.70 | 3.23 | 3.34 |
| Dividend Per Share | 1.22 | 1.16 | 1.08 | 1.00 | 0.88 | 0.72 |
| Gross Margin | 72.17% | 71.45% | 71.99% | 71.98% | 72.64% | 74.57% |
| Operating Margin | 21.55% | 21.88% | 22.00% | 19.20% | 23.99% | 28.39% |
| Profit Margin | 16.94% | 18.30% | 19.21% | 27.36% | -12.96% | 130.59% |
| Free Cash Flow Margin | 19.46% | 12.92% | 19.02% | 19.48% | 18.43% | 21.24% |
| EBITDA | 3.18B | 2.84B | 2.59B | 2.34B | 2.79B | 3.46B |
| EBITDA Margin | 25.66% | 25.55% | 25.15% | 23.18% | 28.50% | 33.20% |
| D&A For EBITDA | 509.00M | 407.00M | 324.00M | 403.00M | 442.00M | 502.00M |
| EBIT | 2.67B | 2.43B | 2.26B | 1.94B | 2.35B | 2.96B |
| EBIT Margin | 21.55% | 21.88% | 22.00% | 19.20% | 23.99% | 28.39% |
| Effective Tax Rate | 16.79% | 13.48% | 13.04% | 25.14% | 36.68% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.17B | 1.87B | 2.43B | 1.99B | 2.15B | 1.38B |
| Short-Term Investments | 809.00M | 1.05B | 3.46B | 7.01B | 5.32B | 5.94B |
| Trading Asset Securities | 7.00M | |||||
| Cash & Short-Term Investments | 1.98B | 2.92B | 5.90B | 8.99B | 7.47B | 7.32B |
| Accounts Receivable | 1.77B | 1.42B | 1.07B | 1.11B | 853.00M | 779.00M |
| Other Receivables | 406.00M | 194.00M | 115.00M | 99.00M | 122.00M | 108.00M |
| Receivables | 2.18B | 1.61B | 1.19B | 1.21B | 975.00M | 887.00M |
| Prepaid Expenses | 143.00M | 126.00M | 136.00M | 116.00M | 120.00M | 114.00M |
| Restricted Cash | 179.00M | 170.00M | 88.00M | 23.00M | ||
| Other Current Assets | 312.00M | 262.00M | 261.00M | 679.00M | 724.00M | 787.00M |
| Total Current Assets | 4.79B | 5.09B | 7.57B | 11.02B | 9.29B | 9.11B |
| Property, Plant & Equipment | 1.76B | 1.77B | 1.69B | 1.74B | 1.75B | 1.52B |
| Long-Term Investments | 2.17B | 2.77B | 2.44B | 1.13B | 1.80B | 7.97B |
| Goodwill | 5.24B | 4.47B | 4.27B | 4.27B | 4.26B | 4.18B |
| Other Intangible Assets | 715.00M | 114.00M | 115.00M | 8.00M | ||
| Long-Term Deferred Tax Assets | 2.93B | 2.96B | 2.94B | 3.09B | 3.17B | 3.25B |
| Other Long-Term Assets | 404.00M | 565.00M | 464.00M | 269.00M | 466.00M | 583.00M |
| Total Assets | 18.01B | 17.61B | 19.36B | 21.62B | 20.85B | 26.63B |
| Accounts Payable | 339.00M | 242.00M | 257.00M | 267.00M | 261.00M | 262.00M |
| Accrued Expenses | 1.80B | 1.49B | 1.52B | 1.34B | 1.18B | 1.25B |
| Short-Term Debt | 749.00M | 448.00M | ||||
| Current Portion of Long-Term Debt | 850.00M | 750.00M | 1.23B | 750.00M | 1.15B | 1.35B |
| Current Portion of Leases | 117.00M | 119.00M | 118.00M | 118.00M | 131.00M | 150.00M |
| Current Income Taxes Payable | 22.00M | 108.00M | 966.00M | 253.00M | 226.00M | 371.00M |
| Current Unearned Revenue | 50.00M | 43.00M | 32.00M | 34.00M | 34.00M | 79.00M |
| Other Current Liabilities | 2.20B | 1.88B | 1.53B | 1.76B | 1.29B | 1.15B |
| Total Current Liabilities | 6.13B | 4.64B | 6.10B | 4.52B | 4.27B | 4.62B |
| Long-Term Debt | 5.15B | 6.00B | 5.75B | 6.97B | 7.72B | 7.73B |
| Long-Term Leases | 343.00M | 315.00M | 320.00M | 387.00M | 418.00M | 200.00M |
| Long-Term Deferred Tax Liabilities | 1.46B | 1.47B | 1.41B | 2.41B | 2.25B | 3.12B |
| Other Long-Term Liabilities | 518.00M | 573.00M | 632.00M | 936.00M | 1.04B | 1.18B |
| Total Liabilities | 13.59B | 12.99B | 14.21B | 15.22B | 15.70B | 16.85B |
| Common Stock | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M |
| Additional Paid-In Capital | 19.11B | 18.79B | 18.29B | 17.79B | 17.28B | 16.66B |
| Retained Earnings | 40.43B | 39.43B | 37.95B | 36.53B | 34.31B | 36.09B |
| Treasury Stock | -55.32B | -53.81B | -51.29B | -48.11B | -46.70B | -43.37B |
| Comprehensive Income & Other | 185.00M | 207.00M | 206.00M | 185.00M | 259.00M | 398.00M |
| Shareholders' Equity | 4.41B | 4.62B | 5.16B | 6.40B | 5.15B | 9.78B |
| Total Liabilities & Equity | 18.01B | 17.61B | 19.36B | 21.62B | 20.85B | 26.63B |
| Total Debt | 7.21B | 7.18B | 7.86B | 8.23B | 9.42B | 9.43B |
| Net Cash (Debt) | -5.23B | -4.26B | -1.97B | 764.00M | -1.95B | -2.11B |
| Net Cash Per Share | -11.48 | -9.11 | -3.92 | 1.43 | -3.49 | -3.18 |
| Filing Date Shares Outstanding | 439.00M | 448.00M | 466.00M | 518.00M | 536.88M | 587.53M |
| Total Common Shares Outstanding | 440.00M | 449.00M | 471.00M | 517.00M | 539.00M | 594.00M |
| Working Capital | -1.34B | 449.00M | 1.47B | 6.50B | 5.02B | 4.49B |
| Book Value Per Share | 10.03 | 10.28 | 10.95 | 12.37 | 9.56 | 16.46 |
| Tangible Book Value | -1.54B | 148.00M | 889.00M | 2.02B | 776.00M | 5.59B |
| Tangible Book Value Per Share | -3.51 | 0.33 | 1.89 | 3.90 | 1.44 | 9.41 |
| Land | 822.00M | 810.00M | 829.00M | 792.00M | 779.00M | |
| Machinery | 3.77B | 4.82B | 5.05B | 5.04B | 4.89B | |
| Construction In Progress | 76.00M | 76.00M | 153.00M | 141.00M | 77.00M | |
| Leasehold Improvements | 445.00M | 428.00M | 418.00M | 379.00M | 356.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.10B | 2.03B | 1.98B | 2.77B | -1.27B | 13.61B |
| Depreciation & Amortization | 509.00M | 407.00M | 324.00M | 403.00M | 442.00M | 502.00M |
| Loss (Gain) From Sale of Investments | -63.00M | -17.00M | 234.00M | -1.69B | 3.56B | 2.60B |
| Stock-Based Compensation | 670.00M | 607.00M | 588.00M | 575.00M | 494.00M | 477.00M |
| Other Operating Activities | 632.00M | 410.00M | -673.00M | 473.00M | -223.00M | -13.96B |
| Change in Accounts Payable | -4.00M | -4.00M | -8.00M | 15.00M | 6.00M | 9.00M |
| Change in Income Taxes | -985.00M | -985.00M | 514.00M | -52.00M | 40.00M | -15.00M |
| Change in Other Net Operating Assets | 230.00M | -440.00M | -540.00M | -57.00M | -423.00M | -128.00M |
| Operating Cash Flow | 3.05B | 1.96B | 2.41B | 2.43B | 2.25B | 2.66B |
| Capital Expenditures | -637.00M | -525.00M | -458.00M | -456.00M | -449.00M | -444.00M |
| Cash Acquisitions | -1.53B | -208.00M | -13.00M | -38.00M | -208.00M | |
| Divestitures | 2.33B | |||||
| Investment in Securities | 874.00M | 2.15B | 2.79B | 734.00M | 3.19B | -3.28B |
| Other Investing Activities | 41.00M | -108.00M | -69.00M | 5.06B | ||
| Investing Cash Flow | -1.25B | 1.42B | 2.21B | 240.00M | 2.46B | 3.66B |
| Short-Term Debt Issued | 1.99B | 441.00M | ||||
| Long-Term Debt Issued | 994.00M | 1.14B | 2.48B | |||
| Total Debt Issued | 2.65B | 2.99B | 441.00M | 1.14B | 2.48B | |
| Short-Term Debt Repaid | -2.44B | |||||
| Long-Term Debt Repaid | -1.23B | -750.00M | -1.15B | -1.35B | -1.16B | |
| Total Debt Repaid | -2.66B | -3.66B | -750.00M | -1.15B | -1.35B | -1.16B |
| Net Debt Issued (Repaid) | -12.00M | -672.00M | -309.00M | -1.15B | -212.00M | 1.32B |
| Issuance of Common Stock | 104.00M | 141.00M | 92.00M | 83.00M | 87.00M | 93.00M |
| Repurchase of Common Stock | -2.44B | -2.77B | -3.34B | -1.57B | -3.30B | -7.29B |
| Common Dividends Paid | -546.00M | -531.00M | -533.00M | -528.00M | -489.00M | -466.00M |
| Other Financing Activities | 205.00M | 174.00M | 281.00M | 717.00M | 125.00M | -190.00M |
| Financing Cash Flow | -2.69B | -3.66B | -3.81B | -2.45B | -3.79B | -6.53B |
| Foreign Exchange Rate Adjustments | -11.00M | 51.00M | -28.00M | 5.00M | -57.00M | 24.00M |
| Net Cash Flow | -901.00M | -231.00M | 793.00M | 221.00M | 866.00M | -188.00M |
| Free Cash Flow | 2.41B | 1.43B | 1.96B | 1.97B | 1.80B | 2.21B |
| Free Cash Flow Margin | 19.46% | 12.92% | 19.02% | 19.48% | 18.43% | 21.24% |
| Free Cash Flow Per Share | 5.29 | 3.06 | 3.90 | 3.70 | 3.23 | 3.34 |
| Levered Free Cash Flow | 1.70B | 817.38M | 2.71B | 2.03B | 1.65B | 3.40B |
| Unlevered Free Cash Flow | 1.86B | 971.12M | 2.88B | 2.19B | 1.80B | 3.57B |
| Cash Interest Paid | 253.00M | 256.00M | 264.00M | 275.00M | 244.00M | 253.00M |
| Cash Income Tax Paid | 613.00M | 1.41B | 722.00M | 746.00M | 540.00M | 929.00M |
| Change in Working Capital | -759.00M | -1.43B | -34.00M | -94.00M | -377.00M | -134.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 53.40B | 39.37B | 29.67B | 22.64B | 22.50B | 41.63B |
| Enterprise Value | 58.63B | 43.12B | 32.64B | 22.11B | 27.29B | 36.38B |
| Last Close Price | 121.64 | 86.31 | 60.46 | 41.76 | 38.79 | 61.06 |
| PE Ratio | 26.47 | 19.38 | 15.03 | 8.18 | 3.06 | |
| Forward PE | 18.35 | 15.24 | 12.04 | 9.91 | 10.06 | 15.25 |
| PS Ratio | 4.31 | 3.55 | 2.89 | 2.24 | 2.30 | 4.00 |
| PB Ratio | 12.13 | 8.53 | 5.75 | 3.54 | 4.37 | 4.26 |
| P/TBV Ratio | 266.01 | 33.38 | 11.23 | 29.00 | 7.44 | |
| P/FCF Ratio | 22.14 | 27.45 | 15.17 | 11.49 | 12.47 | 18.81 |
| P/OCF Ratio | 17.51 | 20.10 | 12.29 | 9.33 | 9.98 | 15.67 |
| PEG Ratio | 1.67 | 1.57 | 1.44 | 1.44 | 15.18 | 1.55 |
| EV/Sales Ratio | 4.73 | 3.88 | 3.17 | 2.19 | 2.79 | 3.49 |
| EV/EBITDA Ratio | 18.44 | 15.21 | 12.62 | 9.43 | 9.77 | 10.51 |
| EV/EBIT Ratio | 21.95 | 17.75 | 14.43 | 11.39 | 11.61 | 12.30 |
| EV/FCF Ratio | 24.31 | 30.07 | 16.69 | 11.22 | 15.12 | 16.44 |
| Debt / Equity Ratio | 1.63 | 1.56 | 1.52 | 1.29 | 1.83 | 0.96 |
| Debt / EBITDA Ratio | 2.16 | 2.40 | 2.88 | 3.33 | 3.22 | 2.59 |
| Debt / FCF Ratio | 2.99 | 5.01 | 4.02 | 4.18 | 5.22 | 4.26 |
| Net Debt / Equity Ratio | 1.19 | 0.92 | 0.38 | -0.12 | 0.38 | 0.22 |
| Net Debt / EBITDA Ratio | 1.65 | 1.50 | 0.76 | -0.33 | 0.70 | 0.61 |
| Net Debt / FCF Ratio | 2.17 | 2.97 | 1.00 | -0.39 | 1.08 | 0.95 |
| Asset Turnover | 0.69 | 0.60 | 0.50 | 0.48 | 0.41 | 0.45 |
| Quick Ratio | 0.68 | 0.98 | 1.16 | 2.26 | 1.98 | 1.78 |
| Current Ratio | 0.78 | 1.10 | 1.24 | 2.44 | 2.17 | 1.97 |
| Return on Equity (ROE) | 46.04% | 40.85% | 34.29% | 48.06% | -17.07% | 3.78% |
| Return on Assets (ROA) | 9.33% | 8.21% | 6.90% | 5.71% | 6.19% | 8.05% |
| Return on Invested Capital (ROIC) | 24.50% | 26.27% | 30.84% | 22.82% | 24.75% | 18.57% |
| Return on Capital Employed (ROCE) | 22.50% | 18.70% | 17.00% | 11.40% | 14.20% | 13.40% |
| Earnings Yield | 3.78% | 5.16% | 6.66% | 12.22% | -5.64% | 32.69% |
| FCF Yield | 4.52% | 3.64% | 6.59% | 8.70% | 8.02% | 5.32% |
| Dividend Yield | 1.02% | 1.32% | 1.71% | 2.28% | 2.11% | 1.03% |
| Payout Ratio | 26.98% | 26.15% | 26.99% | 19.08% | 3.42% | |
| Buyback Yield / Dilution | 3.80% | 6.59% | 6.00% | 4.48% | 15.84% | 7.66% |
| Total Shareholder Return | 4.82% | 7.91% | 7.72% | 6.76% | 17.95% | 8.69% |