Presentation<\/strong>\n<\/p>\n\n All growth rates represent year-over-year comparisons, except as otherwise noted. All amounts in tables are presented in U.S. dollars, rounded to the nearest million, except as otherwise noted. As
\n a result, certain amounts may not sum or recalculate using the rounded dollar amounts provided. References to “revenue” refer to “net revenues” as reported in the company’s consolidated statement
\n of income.\n<\/p>\n
\n New Accounting Standard \u00a0<\/strong>\n<\/p>\n\n In September 2025, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2025-06, Intangibles\u2014Goodwill and Other\u2014Internal-Use Software (Subtopic 350-40): Accounting
\n for and Disclosure of Software Costs. eBay adopted the standard effective January 1, 2026 using the full retrospective method, which required the restatement of each prior reporting period
\n presented.\n<\/p>\n
\n Non-GAAP<\/strong>\u00a0Financial Measures<\/strong>\n<\/p>\n\n This press release includes the following financial measures defined as “non-GAAP financial measures” by the SEC: non-GAAP net income, non-GAAP earnings per diluted share, non-GAAP operating income
\n and margin, non-GAAP effective tax rate, free cash flow and FX-Neutral basis. These non-GAAP financial measures are presented on a continuing operations basis. These measures may be different from
\n non-GAAP financial measures used by other companies. The presentation of this financial information, which is not prepared under any comprehensive set of accounting rules or principles, is not
\n intended to be considered in isolation of, or as a substitute for, the financial information prepared and presented in accordance with generally accepted accounting principles (“GAAP”). For a
\n reconciliation of these non-GAAP financial measures, except for figures in this press release presented on an “FX-Neutral basis,” to the nearest comparable GAAP measures, see
\n “Non-GAAP\u00a0Measures of Financial Performance,” “Reconciliation of GAAP\u00a0Operating Income to Non-GAAP\u00a0Operating Income,” “Reconciliation of GAAP\u00a0Net Income to Non-GAAP\u00a0Net
\n Income and GAAP Effective Tax Rate to Non-GAAP\u00a0Effective Tax Rate” and “Reconciliation of Operating Cash Flow to Free Cash Flow” included in this press release. For figures in this press
\n release reported “on an FX-Neutral basis,” we calculate the year-over-year impact of foreign currency movements using prior period foreign currency rates, excluding hedging activity, applied to
\n current year transactional currency amounts.\n<\/p>\n
\n Forward-Looking Statements<\/strong>\n<\/p>\n\n This press release contains forward-looking statements relating to, among other things, the future performance of eBay Inc. and its consolidated subsidiaries that are based on the company’s current
\n expectations, forecasts and assumptions and involves risks and uncertainties. These statements include, but are not limited to, management’s vision for the future of eBay and our ability to
\n accomplish our vision, expected financial results for the second quarter and full year 2026 and expected drivers thereof, the future growth in our business, and our ability to drive sustainable
\n long-term growth and create lasting value for our stockholders, the impact of current and contemplated strategic initiatives and offerings, partnerships with and acquisitions of other companies,
\n and new and updated product features or programs, including the initiatives, offerings, partnerships, acquisitions, features and programs discussed in our business highlights, the effects of
\n foreign currency volatility and our ability to respond to such effects, operating efficiency and margins, and dividends and share repurchases.\n<\/p>\n
\n Actual results could differ materially from those expressed or implied and reported results should not be considered as an indication of future performance. Factors that could cause or contribute
\n to such differences include, but are not limited to: significant variation in our operating and financial results, including GMV and net revenues; our ability to compete in the markets in which we
\n participate; our ability to generate revenue from our advertising products, including our Promoted Listings; our ability to generate consumer engagement and spending; our ability to keep pace with
\n technological changes, including emerging AI technologies, and with changes in consumer demands and expectations; our ability to operate internationally and generate revenue from our international
\n operations and our exposure to costs and risks in connection therewith; the impact of changes in global trade policies on our revenue, profit and ability to support cross-border trade; our ability
\n to manage our buyer and seller trust protection programs; the risk of systems failures and business interruptions to our business; operation of and ongoing investment into our payments and
\n financial services offerings; risk of fraud<\/span> on our platforms; the impact of any cyberattacks or data security breaches; our ability to attract, retain and develop our senior
\n managers and other key employees; our and our customers’ dependence on third-party providers, some of which are our competitors; the impact of our current, contemplated and future acquisitions,
\n dispositions, joint ventures, strategic partnerships and strategic investments, including our expectations regarding the time to close, and our ability to close, and subsequently realize the
\n projected benefits from, the pending Depop acquisition; the impact of extensive and increasing regulation and oversight that affect our business; the risk of liability for the actions of our
\n customers, including products sold by sellers on our platforms; the impact of increasing levels of regulation in the areas of privacy, protection of user data and cybersecurity; the risks
\n associated with third party allegations relating to intellectual property rights; current and potential litigation and regulatory and government inquiries, investigations and litigation involving
\n us; the impact of evolving sales and other tax regimes in various jurisdictions; our ability to protect or enforce our intellectual property rights; risks and costs relating to stakeholder
\n expectations around environmental, social and governance matters; potential exposure to claims and liabilities as a result of the distribution of PayPal; the risk of exposure to greater than
\n anticipated tax liabilities; fluctuations in interest rates, and changes in regulatory guidance relating thereto; fluctuations in foreign currency exchange rates; our ability to generate sufficient
\n cash flow to service our indebtedness and to comply with financial covenants in our outstanding debt instruments; and the risk that our stock repurchases may not be effected or may not achieve the
\n desired objectives.\n<\/p>\n\n The forward-looking statements in this release do not include the potential impact of any acquisitions or divestitures that may be announced and\/or completed after the date hereof.\n<\/p>\n
\n More information about factors that could affect the company’s operating results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and
\n Results of Operations” in the company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, copies of which may be obtained by visiting the company’s Investor
\n Relations website at https:\/\/investors.ebayinc.com<\/a> or the SEC’s website at www.sec.gov<\/a>. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to the company on the date hereof.
\n The company assumes no obligation to update such statements.\n<\/p>\n\n
\n
\n\n\n| \n \n eBay Inc.\u00a0<\/strong><\/span>\n <\/p>\n<\/td>\n<\/tr>\n\n| \n \n Unaudited Condensed Consolidated Balance Sheet<\/strong><\/span>\n <\/p>\n<\/td>\n<\/tr>\n\n| \n <\/td>\n<\/tr>\n | \n| \n <\/td>\n | \n \n March 31,<\/strong>
2026<\/strong><\/span>\n <\/p>\n<\/td>\n\n <\/td>\n | \n \n December 31,<\/strong>
2025<\/strong><\/span>\n <\/p>\n<\/td>\n<\/tr>\n\n| \n <\/td>\n | \n \n (In<\/strong>\u00a0millions)<\/strong><\/span>\n <\/p>\n<\/td>\n<\/tr>\n\n| \n \n ASSETS<\/strong><\/span>\n <\/p>\n<\/td>\n| \n <\/td>\n | \n <\/td>\n | \n <\/td>\n<\/tr>\n | \n| \n \n Current assets:<\/span>\n <\/p>\n<\/td>\n | \n <\/td>\n | \n <\/td>\n | \n <\/td>\n<\/tr>\n | \n| \n \n Cash and cash equivalents<\/span>\n <\/p>\n<\/td>\n | \n \n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,894<\/span>\n <\/p>\n<\/td>\n | \n <\/td>\n | \n \n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,867<\/span>\n <\/p>\n<\/td>\n<\/tr>\n\n| \n \n Short-term investments<\/span>\n <\/p>\n<\/td>\n | \n \n 966<\/span>\n <\/p>\n<\/td>\n | \n <\/td>\n | \n \n 1,052<\/span>\n <\/p>\n<\/td>\n<\/tr>\n\n| \n \n Customer accounts and funds receivable<\/span>\n <\/p>\n<\/td>\n | \n \n 1,490<\/span>\n <\/p>\n<\/td>\n | \n <\/td>\n | \n \n 1,280<\/span>\n <\/p>\n<\/td>\n<\/tr>\n\n| \n \n Other current assets<\/span>\n <\/p>\n<\/td>\n | \n \n 909<\/span>\n <\/p>\n<\/td>\n | \n <\/td>\n | \n \n 887<\/span>\n <\/p>\n<\/td>\n<\/tr>\n\n| \n \n Total current assets<\/span>\n <\/p>\n<\/td>\n | \n \n 6,259<\/span>\n <\/p>\n<\/td>\n | \n <\/td>\n | \n \n 5,086<\/span>\n <\/p>\n<\/td>\n<\/tr>\n\n| \n \n Long-term investments<\/span>\n <\/p>\n<\/td>\n | \n \n 2,010<\/span>\n <\/p>\n<\/td>\n | \n <\/td>\n | \n \n 2,767<\/span>\n <\/p>\n<\/td>\n<\/tr>\n\n | | | | | | | | | | | |