![](https://www.retail-insight-network.com/wp-content/uploads/sites/18/2023/07/eBay-11.jpg)
E-commerce company eBay has reported a gross profit of $1.82bn in the second quarter (Q2) of fiscal year (FY) 2023, up from $1.75bn in the same period of FY22.
The company’s revenue for Q2 FY23 was $2.5bn, up 5% on an as-reported basis and up 6% on a foreign exchange (FX) neutral basis.
For the quarter ending 30 June 2023, eBay’s gross merchandise volume (GMV) was $18.2bn, down 2% on an as-reported basis against the prior year’s quarter.
The company’s net income from continuing operations, as calculated on generally accepted accounting principles (GAAP), was $172m against a net loss of $536m in Q2 FY22.
Its GAAP and non-GAAP earnings per diluted share (EPS) for Q2 FY23 were $0.32 and $1.03, respectively.
The company’s operating margin was 20.4%, as calculated on GAAP.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
![](/wp-content/themes/goodlife-wp-B2B/assets/images/company-profile-unit.png)
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataeBay chief executive officer Jamie Iannone said: “In Q2, we exceeded expectations on all key metrics while investing in sustainable growth. Three years ago, I set our ambition of becoming the best global marketplace to buy and sell through a tech-led reimagination.
“Now, we’re raising the bar for innovation and have evolved our vision – to reinvent the future of ecommerce for enthusiasts, only at eBay. This work is already producing compelling results and we are confident the sharper focus will deliver long-term returns to our shareholders.”
In the year to date, eBay’s revenue increased to $5.05bn from $4.90bn in the same period a year ago.
Its gross profit for this period expanded to $3.63bn from $3.55bn.
For the third quarter, the company expects a $2.46bn – $2.52bn in revenue and diluted GAAP EPS of $0.67 – $0.72.