eBayEBAYRevenue: is the business selling more than it used to?
$11.1B+8% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $11.1B in 2025, compounding +4% a year since 2022 though the pace has cooled. The trailing twelve months are already running at $12.0B, ahead of the last full year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYNet income: how much of that revenue becomes profit?
$2.0B+3% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Net income was $2.0B in 2025, against $2.0B the year before. Trailing twelve-month profit stands at $2.2B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYHow fast is it growing, year by year?
+7.9%revenue growth, FY 2025
Off the axis: 2015 earnings +3650.0% · 2016 earnings +321.2% · 2020 earnings +217.3% - rebounds off a collapsed prior year.
→Revenue grew +8% in 2025 against a five-year average of +5%. Earnings grew more slowly (+3%), so costs are absorbing part of the growth. 2015's +3650% earnings rebound off a collapsed base and 2016's +321% earnings rebound off a collapsed base and 2020's +217% earnings rebound off a collapsed base sits off the axis.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYRevenue per share: is your slice growing as fast as the company?
$23.72revenue per share, FY 2025
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Revenue per share reached $23.72 in 2025, compounding +11% a year against +4% for EBAY as a whole. Buybacks added roughly 6.3 points to your per-share result. Free cash flow per share stands at $3.06.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYFree cash flow: what is left in real cash after everything?
$1.4B−27% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Free cash flow was $1.4B in 2025, compounding -7% a year since 2022. The trailing twelve months stand at $2.4B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYWhere does each dollar of revenue actually go?
→Of $11.1B in 2025 sales, $2.0B reaches net profit - 18 cents on the dollar. The largest single deduction is running the company ($5.7B).
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYHow much of every sales dollar ends up as free cash?
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→13 cents of every sales dollar became free cash in 2025, down 6 points since 2022 - its weakest conversion on record.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYWhat does staying competitive cost, per dollar of sales?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The biggest claim on each sales dollar is research and development, at 15% of revenue (stock compensation 5%, capital spending 5%).
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYWhen sales grow, do profits grow faster?
→Operating profit outgrew revenue in only 1 of the last 5 years. Costs are growing roughly in step with the business, so scale isn't yet paying for itself.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYMargins: of every $1 of sales, how much survives each cost layer?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Operating margin compressed 3 points to 21% since 2022. After everything, 18 cents of each sales dollar reaches net profit.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYWhat does it earn on the money it uses?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→ROE of 48% sits well above ROCE of 18%. A meaningful share of the shareholder return is manufactured with leverage rather than operations.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYWhat has the market paid for EBAY over time?
21.7xP/E today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→At 21.7x earnings, the market is paying +74% more than EBAY's own 9-year median of 12.5x. Expectations are elevated, so more has to go right to justify the price. Today's multiple is the highest in the charted history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYWhat cash return does the business throw off per dollar of market value?
5.3%FCF yield today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→Every dollar of market value currently buys 5.3% of annual free cash flow, less than its 11-year median of 7.4% - you are paying up for the same cash.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYCould it handle its debt if things went wrong?
◌ 2026 = the latest balance sheet (2026-06-30), not a fiscal year-end
→Debt of $6.7B sits against $2.3B of cash, or 1.4x shareholders' equity. Earnings cover the interest bill 10 times over, so the debt is comfortably serviced.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYIs the company's own capital growing?
→The company's own capital shrank from $6.4B in 2023 to $4.7B (-27%). Buybacks or losses are drawing the buffer down - the distinction matters.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYHow much goes back, and how much leaks out as stock comp?
→Shareholders received $2.5B in buybacks and $531M in dividends in 2025. Stock compensation issued $607M of new shares in the same year, offsetting 20% of that.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYHow fast is your ownership being diluted - or concentrated?
→The share count shrank 6.6% in 2025, averaging 5.7% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYIs the dividend cheque growing?
→The dividend per share reached $1.13 in 2025, compounding +13% a year since 2020.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYCan it afford the dividend?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The dividend consumed 26% of profit and 37% of free cash flow in 2025. That leaves room to keep paying through a weak year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYDoes EBAY earn more on its capital than that capital costs?
→EBAY earns 17.8% on the capital it employs, comfortably above the 10% most investors treat as the cost of capital. It was 14.2% in 2022, so the trend is up, and the pace is picking up. That is the highest in EBAY's filed history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYEBAY has issued or retired shares - did shareholders end up better off?
→EBAY has shrunk its share count -64% from 2011 to 2025, so each remaining share owns more of the business. Revenue per share is +167% over the same years.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
eBayEBAYAre the people running it buying or selling?
→Insiders sold $26M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 39 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30