eBay Inc.

EBAY Consumer Cyclical Internet Retail

eBay Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.1 billion, up 7.95% from fiscal 2024.

Revenue
+13.7%
EPS
−19.5%
Free cash flow
−2.09%
Total debt
−0.27%

Quarter to September 2026, against a year earlier

121.77 1.58 −1.28%
Market cap
$54.2B
P/E
26.4×
Fwd P/E
27.7×
Dividend yield
0.99%
F-score
5/9
Altman Z
6.07
Beneish M
−2.13
Dividend safety
82/100

eBay Inc. (EBAY) Operating margin

Alert me on Operating margin

eBay Inc.'s operating margin over the twelve months to 30 September 2026 was 20.3%, down 0.2 percentage points from fiscal 2025 (20.5%). Over the past ten years it has ranged from 19.2% (fiscal 2023) to 29.6% (fiscal 2020); the current reading is higher than 27% of that period. That is above the Internet Retail industry median of 0.08% and above the Consumer Cyclical sector median of 3.88%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 20.5% (2.03)
FY2024 22.5% 3.34
FY2023 19.2% (4.79)
FY2022 24.0% (4.06)
FY2021 28.1% (1.59)
FY2020 29.6% 5.81
FY2019 23.8% 3.58
FY2018 20.3% (2.56)
FY2017 22.8% (2.20)
FY2016 25.0% (0.56)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 19.2% (2.36)
Jun 2026 21.6% 1.79
Mar 2026 19.8% (1.00)
Dec 2025 20.8% 0.53
43 more quarters

Against its own ten years

Low 19.2% High 29.6%
Ten-year median 23.8%
Current reading's percentile 14

Operating margin against peers

Company Operating margin
PDD PDD Holdings Inc. Sponsored ADR compare 21.9%
EBAY eBay Inc. 20.3%
SE Sea Limited Sponsored ADR compare 8.24%
MELI MercadoLibre, Inc. compare 7.42%
DASH DoorDash, Inc. compare 5.25%
W Wayfair Inc. compare 2.14%
JD JD.com, Inc. compare 0.15%
CART Maplebear Inc. compare 0.00%
CPNG Coupang, Inc. compare −3.43%
Internet Retail industry median 0.08%
Consumer Cyclical sector median 3.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on EBAY