AI English summary of an SEC filing — figures as filed
eBay EBAYeBay said revenue for Q1 2026 was $3.1 billion, up 19% on an as-reported basis and up 17% on an FX-Neutral basis. Gross Merchandise Volume (GMV) was $22.2 billion, up 18% on an as-reported basis and up 14% on an FX-Neutral basis.
Key points
AI summaryeBay said revenue for Q1 2026 was $3.1 billion, up 19% on an as-reported basis and up 17% on an FX-Neutral basis. Gross Merchandise Volume (GMV) was $22.2 billion, up 18% on an as-reported basis and up 14% on an FX-Neutral basis.
The company reported GAAP net income from continuing operations of $512 million, or $1.12 per diluted share, and Non-GAAP net income from continuing operations of $760 million, or $1.66 per diluted share, for Q1 2026. It said GAAP operating margin was 19.8%, compared to 23.6% in the prior year period, and Non-GAAP operating margin was 29.4%, compared to 29.6% in the prior year period.
eBay said it generated operating cash flow of $970 million and free cash flow of $898 million from continuing operations for Q1 2026. The company returned $639 million to stockholders in the quarter, consisting of $500 million in share repurchases and $139 million in cash dividends. As of March 31, the remaining repurchase authorization was approximately $2.3 billion.
eBay said it entered into a definitive agreement to acquire Depop, Inc. from Etsy for approximately $1.2 billion in cash, with the acquisition expected to close by the end of Q3 2026. The company provided guidance for Q2 of revenue of $2.97 to $3.03 billion and Gross Merchandise Volume (GMV) of $21.3 to $21.7 billion.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Q1 2026 Revenue $3.1 billion, GMV $22.2 billion
eBay said revenue for Q1 2026 was $3.1 billion, up 19% on an as-reported basis and up 17% on an FX-Neutral basis. Gross Merchandise Volume (GMV) was $22.2 billion, up 18% on an as-reported basis and up 14% on an FX-Neutral basis.
Source · Based on the filing body and exhibits
Continuing Operations GAAP and Non-GAAP Net Income and Operating Margins
The company reported GAAP net income from continuing operations of $512 million, or $1.12 per diluted share, and Non-GAAP net income from continuing operations of $760 million, or $1.66 per diluted share, for Q1 2026. It said GAAP operating margin was 19.8%, compared to 23.6% in the prior year period, and Non-GAAP operating margin was 29.4%, compared to 29.6% in the prior year period.
Source · Based on the filing body and exhibits
Cash Flow and Capital Returns
eBay said it generated operating cash flow of $970 million and free cash flow of $898 million from continuing operations for Q1 2026. The company returned $639 million to stockholders in the quarter, consisting of $500 million in share repurchases and $139 million in cash dividends. As of March 31, the remaining repurchase authorization was approximately $2.3 billion.
Source · Based on the filing body and exhibits
Depop Acquisition Agreement and Q2 Guidance
eBay said it entered into a definitive agreement to acquire Depop, Inc. from Etsy for approximately $1.2 billion in cash, with the acquisition expected to close by the end of Q3 2026. The company provided guidance for Q2 of revenue of $2.97 to $3.03 billion and Gross Merchandise Volume (GMV) of $21.3 to $21.7 billion.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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