E-commerce company eBay has reported a robust second quarter (Q2) of 2025, surpassing both consensus forecasts and the upper limits of its own financial projections across all major metrics.
In Q2, which ended on 30 June 2025, revenue was $2.7bn, a 6% rise on an as-reported basis and a 4% increase on a foreign exchange (FX)-neutral basis.
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It posted a gross merchandise volume (GMV) growth of 4% to $19.5bn.
The company’s generally accepted accounting principles (GAAP) net income from continuing operations stood at $369m, translating to $0.79 per diluted share, while non-GAAP net income from continuing operations reached $643m, or $1.37 per diluted share.
eBay CEO Jamie Iannone stated: “eBay delivered another strong quarter, with results exceeding expectations across the board.
“Our momentum reflects the strength of our strategic execution and the resilience of our marketplace. We remain focused on driving long-term growth and creating lasting value for our shareholders.”
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By GlobalDataeBay introduced several innovations and collaborations in Q2. eBay Live was launched in the UK and the US, offering livestream shopping and collector-focused experiences.
An AI shopping agent was announced to provide hyper-personalised product recommendations to a select group of US customers.
eBay also unveiled a generative AI video tool for US sellers, aimed at enhancing social media reach.
eBay’s authenticity guarantee programme surpassed one million inspected items in a quarter.
eBay chief financial officer Peggy Alford stated: “With a strong balance sheet, focused strategic priorities and a world-class team, we are well positioned to thrive in our next phase of growth. I’m committed to driving operational excellence and disciplined capital allocation to support our long-term ambitions and unlock meaningful value for our shareholders.”
eBay has provided guidance for Q3 2025, with revenue expected to be between $2.69bn and $2.74bn, 3% to 5% FX-neutral year-on-year growth and GMV between $19.2bn and $19.6bn.
Foreign exchange is expected to provide a boost of 1.2 percentage points to reported revenue growth based on prevailing rates.
Current exchange rates suggest that foreign exchange could contribute 1.7 percentage points to GMV growth.
The company’s guidance takes into account potential disruptions from new tariffs and the possible removal of de minimis exemptions in various trade routes.
