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# eBay Revenue Climbs 14% To $3.2 Billion, But Standard Profit Per Share Slips To $1.11
- URL: https://www.bullished.co/ebay-revenue-climbs-14-to-3-2-billion-but-standard-profit-per-share-slips-to-1-11-0901d290/
- Published: 2026-10-28T20:31:01.000Z
- Updated: 2026-10-28T20:31:01.000Z
- Description: Adjusted earnings per share rose 12% to $1.51, while the Depop purchase and a tax swing weighed on profit under standard accounting.
- Author: Matteo Parrino
- Tags: Earnings, EBAY, Industry: Consumer Discretionary

[eBay](https://www.bullished.co/tag/ebay/)'s third-quarter [revenue rose 14% to $3.2 billion](https://www.sec.gov/Archives/edgar/data/0001065088/000106508826000209/exhibit991erebayq32026.htm?ref=bullished.co), and merchandise volume climbed 15%, the company said Wednesday in its earnings release. Profit per share under standard accounting fell to $1.11 from $1.27 a year earlier, even as adjusted earnings per share rose 12% to $1.51.

## Sales up, margins thinner

Revenue was $3,206 million, against $2,820 million a year earlier. Gross merchandise volume, the total value of items sold on eBay's platforms, reached [$23.2 billion](https://www.prnewswire.com/news-releases/ebay-inc-reports-third-quarter-2026-results-302922657.html?ref=bullished.co), up 16% excluding currency effects.

Profit from continuing operations fell 16% to $501 million. Adjusted net income rose 8% to $685 million. The company's income tax line swung from a $25 million benefit a year ago to a $104 million provision, and the standard effective tax rate was 17.1% against negative 4.3%.

Operating margin slipped to [19.2%](https://www.prnewswire.com/news-releases/ebay-inc-reports-third-quarter-2026-results-302922657.html?ref=bullished.co) from 20.3% on a standard basis, and to 26.3% from 27.0% on an adjusted basis. Operating cash flow was $875 million and free cash flow $749 million, down from $900 million and $803 million a year earlier.

## Depop lifts the buyer count

eBay, which runs an online marketplace where buyers and sellers trade new and pre-owned goods, completed its purchase of Depop from Etsy on July 30\. It paid $1.4 billion in cash, including a preliminary price adjustment still to be finalized.

Active buyers rose 10% to 147 million. Excluding Depop and Tise, growth was 1%. U.S. merchandise volume grew 27%, while international volume grew 4%.

CEO Jamie Iannone said more consumers are embracing recommerce. The company said eBay Live, its live shopping format, had another record quarter, generating volume at a multibillion-dollar annualized pace with growth well into triple digits. First-party advertising revenue rose 16% to $575 million.

## Guidance and cash returned

For the fourth quarter, eBay guided to revenue of $3.19 billion to $3.24 billion and adjusted earnings of $1.48 to $1.53 per share. For the full year it expects revenue of $12.62 billion to $12.67 billion and adjusted earnings of $6.25 to $6.30 per share, including Depop.

The company returned $827 million to stockholders in the quarter: $689 million of buybacks, or about 6 million shares, and $138 million of dividends. About $1.3 billion of repurchase authorization remained at September 30.

The board declared a fourth-quarter dividend of $0.31 per share, payable December 18 to holders of record on December 4.

eBay reported $3.3 billion in cash and non-equity investments at September 30, and short-term debt of $1,599 million, up from $750 million at the end of 2025.

Learn

- [Item 2.02: results of operations →](https://www.bullished.co/learn/8-k-items-explained/#item-202-results-of-operations)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — EBAY INC (EBAY)](https://www.sec.gov/Archives/edgar/data/0001065088/000106508826000209/ebay-20261028.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit exhibit991erebayq32026.htm — EBAY INC 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001065088/000106508826000209/exhibit991erebayq32026.htm?ref=bullished.co) — SEC EDGAR
- [eBay Inc. Reports Third Quarter 2026 Results](https://www.prnewswire.com/news-releases/ebay-inc-reports-third-quarter-2026-results-302922657.html?ref=bullished.co) — prnewswire.com

### More on eBay

- [eBay Plans To Cut 9% Of Its Workforce, Says Quarter Will Beat Its Own Guidance](https://www.bullished.co/ebay-plans-to-cut-9-of-its-workforce-says-quarter-will-beat-its-own-guidance-c39e4c05/)

[All eBay (EBAY) coverage →](https://www.bullished.co/tag/ebay/)