eBay Q3 revenue rises 9% to $2.8 billion, but GAAP EPS slips to $1.28
eBay reported third-quarter 2025 results for the period ended September 30, 2025. Revenue rose 9% to $2.8 billion and gross merchandise volume rose 10% to $20.1 billion, while GAAP earnings per diluted share fell 1% to $1.28 and GAAP operating margin fell to 20.4% from 23.1%. Non-GAAP EPS rose 14% to $1.36, and the company gave fourth-quarter and full-year 2025 guidance.
Key points
- Revenue of $2.8 billion, up 9% as reported and up 8% on an FX-neutral basis; GMV of $20.1 billion, up 10%.
- GAAP EPS of $1.28 versus $1.29 a year earlier; non-GAAP EPS of $1.36 versus $1.19.
- GAAP operating margin of 20.4% versus 23.1% in the third quarter of 2024.
- Q4 2025 revenue guidance of $2.83 to $2.89 billion and full-year 2025 GAAP EPS guidance of $4.09 to $4.14; a $0.29 per share Q4 dividend is payable December 12, 2025.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.