US e-commerce company eBay has reported revenue of $3.13bn for the second quarter (Q2) of 2026, an increase of 15% compared to last year on an as-reported basis.
On foreign exchange (FX)-neutral basis, revenue increased 14%.
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For the quarter ended 30 June 2026, gross merchandise volume (GMV) rose 15% to $22.39bn and was up 14% on an FX-neutral basis.
Net income from continuing operations was $552m, which was 51% higher than in the same quarter of last year.
Advertising generated $596m during the quarter, representing 2.7% of GMV.
Within that total, first-party advertising products contributed $570m, rising 25% as reported and 24% on an FX-neutral basis.
eBay CEO Jamie Iannone said: “eBay’s second quarter delivered meaningful, broad-based momentum driven by continued innovation and focused execution against our strategic roadmap.
“This quarter once again demonstrated our ability to focus on our strategic priorities while still delivering strong growth in operating income and EPS [earnings per share].”
For the first half of 2026, net revenues totalled $6.22bn, compared with $5.31bn a year earlier.
Operating income for the first half of the year was $1.28bn versus $1.090bn a year ago. Net income increased to $1.06bn from $863m a year ago.
The results came after eBay completed its acquisition of consumer-to-consumer fashion marketplace Depop on 30 July 2026. The transaction had been agreed with Etsy in February 2026.
For Q3, eBay forecast revenue of $3.07bn-$3.12bn, GMV of $22bn-$22.4bn and diluted EPS of $0.94-$0.99.
The guidance includes the expected contribution from Depop.
The quarter also followed GameStop’s unsolicited May offer to acquire eBay for around $55.5bn, or $125 per share, which eBay’s board rejected as “neither credible nor attractive”.
