This page shows Ebay Inc. (EBAY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Ebay Inc. has an operating margin of 20.5%, meaning the company retains $21 of operating profit per $100 of revenue. This strong profitability earns a score of 68/100, reflecting efficient cost management and pricing power. This is down from 22.5% the prior year.
Ebay Inc.'s revenue grew 7.9% year-over-year to $11.1B, a solid pace of expansion. This earns a growth score of 47/100.
Ebay Inc. carries a low D/E ratio of 1.30, meaning only $1.30 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 76/100, indicating a strong balance sheet with room for future borrowing.
Ebay Inc.'s current ratio of 1.10 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 17/100, which could limit financial flexibility.
Ebay Inc. has a free cash flow margin of 12.9%, earning a moderate score of 57/100. The company generates positive cash flow after capital investments, but with room for improvement.
Ebay Inc. earns a strong 44.0% return on equity (ROE), meaning it generates $44 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 38.3% the prior year.
Ebay Inc. scores 6.10, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Ebay Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Ebay Inc. generates $0.96 in operating cash flow ($2.0B OCF vs $2.0B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Ebay Inc. earns $9.3 in operating income for every $1 of interest expense ($2.3B vs $246.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Ebay Inc. generated $11.1B in revenue in fiscal year 2025. This represents an increase of 7.9% from the prior year.
Ebay Inc.'s EBITDA was $2.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 0.4% from the prior year.
Ebay Inc. reported $2.0B in net income in fiscal year 2025. This represents an increase of 2.8% from the prior year.
Ebay Inc. earned $4.26 per diluted share (EPS) in fiscal year 2025. This represents an increase of 7.8% from the prior year.
Cash & Balance Sheet
Ebay Inc. generated $1.4B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 26.7% from the prior year.
Ebay Inc. held $1.9B in cash against $6.0B in long-term debt as of fiscal year 2025.
Ebay Inc. had 448M shares outstanding in fiscal year 2025. This represents a decrease of 4.9% from the prior year.
Margins & Returns
Ebay Inc.'s gross margin was 71.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the prior year.
Ebay Inc.'s operating margin was 20.5% in fiscal year 2025, reflecting core business profitability. This is down 2.0 percentage points from the prior year.
Ebay Inc.'s net profit margin was 18.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.9 percentage points from the prior year.
Ebay Inc.'s ROE was 44.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.7 percentage points from the prior year.
Capital Allocation
Ebay Inc. invested $1.6B in research and development in fiscal year 2025. This represents an increase of 11.0% from the prior year.
Ebay Inc. spent $2.5B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 20.6% from the prior year.
Ebay Inc. invested $525.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 14.6% from the prior year.
EBAY Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0B+5.1% | $2.8B+3.3% | $2.7B+5.6% | $2.6B+0.2% | $2.6B+0.1% | $2.6B+0.2% | $2.6B+0.6% | $2.6B |
| Cost of Revenue | $849.0M+3.4% | $821.0M+5.8% | $776.0M+7.3% | $723.0M+0.7% | $718.0M-1.2% | $727.0M-1.1% | $735.0M+5.0% | $700.0M |
| Gross Profit | $2.1B+5.9% | $2.0B+2.3% | $2.0B+4.9% | $1.9B+0.1% | $1.9B+0.6% | $1.8B+0.7% | $1.8B-1.0% | $1.9B |
| R&D Expenses | $436.0M+3.1% | $423.0M+0.5% | $421.0M+16.3% | $362.0M-3.5% | $375.0M+0.3% | $374.0M-1.3% | $379.0M+8.0% | $351.0M |
| SG&A Expenses | $284.0M+0.7% | $282.0M-24.0% | $371.0M+42.1% | $261.0M+8.3% | $241.0M+24.2% | $194.0M-19.5% | $241.0M+1.3% | $238.0M |
| Operating Income | $601.0M+4.3% | $576.0M+19.0% | $484.0M-21.4% | $616.0M+13.4% | $543.0M-8.7% | $595.0M+8.4% | $549.0M-13.0% | $631.0M |
| Interest Expense | $61.0M-1.6% | $62.0M0.0% | $62.0M+1.6% | $61.0M-6.2% | $65.0M+3.2% | $63.0M-3.1% | $65.0M-1.5% | $66.0M |
| Income Tax | $98.0M+508.3% | -$24.0M-122.2% | $108.0M-16.3% | $129.0M+304.8% | -$63.0M-139.1% | $161.0M+57.8% | $102.0M+5.2% | $97.0M |
| Net Income | $528.0M-16.5% | $632.0M+71.7% | $368.0M-26.8% | $503.0M-25.9% | $679.0M+7.1% | $634.0M+183.0% | $224.0M-48.9% | $438.0M |
| EPS (Diluted) | N/A | $1.28+62.0% | $0.79-25.5% | $1.06 | N/A | $1.29+186.7% | $0.45-47.1% | $0.85 |
EBAY Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $17.6B-1.0% | $17.8B-0.9% | $18.0B-5.2% | $19.0B-2.1% | $19.4B-2.8% | $19.9B-2.3% | $20.4B-4.9% | $21.4B |
| Current Assets | $5.1B-5.7% | $5.4B-8.9% | $5.9B-13.9% | $6.9B-9.2% | $7.6B+7.2% | $7.1B-2.9% | $7.3B-30.1% | $10.4B |
| Cash & Equivalents | $1.9B-22.9% | $2.4B+17.1% | $2.1B-31.7% | $3.0B+24.6% | $2.4B+53.1% | $1.6B-19.1% | $2.0B-7.8% | $2.1B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $135.0M+10.7% | $122.0M+13.0% | $108.0M0.0% | $108.0M0.0% | $108.0M-8.5% | $118.0M+22.9% | $96.0M+7.9% | $89.0M |
| Goodwill | $4.5B+2.1% | $4.4B-0.2% | $4.4B+0.7% | $4.4B+2.1% | $4.3B-1.2% | $4.3B+0.8% | $4.3B+1.2% | $4.2B |
| Total Liabilities | $13.0B-0.6% | $13.1B-1.1% | $13.2B-5.7% | $14.0B-1.4% | $14.2B-2.0% | $14.5B-2.4% | $14.9B-1.9% | $15.1B |
| Current Liabilities | $4.6B-20.5% | $5.8B-1.8% | $5.9B+1.0% | $5.9B-3.6% | $6.1B+8.1% | $5.6B-2.8% | $5.8B+10.8% | $5.2B |
| Long-Term Debt | $6.0B+19.8% | $5.0B0.0% | $5.0B-13.0% | $5.8B0.0% | $5.8B-6.9% | $6.2B0.0% | $6.2B0.0% | $6.2B |
| Total Equity | $4.6B-2.2% | $4.7B-0.6% | $4.7B-4.1% | $5.0B-4.0% | $5.2B-4.8% | $5.4B-1.6% | $5.5B-12.2% | $6.3B |
| Retained Earnings | $39.4B+1.0% | $39.0B+1.3% | $38.5B+0.6% | $38.3B+1.0% | $38.0B+1.5% | $37.4B+1.3% | $36.9B+0.3% | $36.8B |
EBAY Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $583.0M-34.9% | $896.0M+391.9% | -$307.0M-139.0% | $787.0M+16.2% | $677.0M-10.3% | $755.0M+105.7% | $367.0M-40.3% | $615.0M |
| Capital Expenditures | $117.0M-10.7% | $131.0M-2.2% | $134.0M-6.3% | $143.0M+22.2% | $117.0M+7.3% | $109.0M+22.5% | $89.0M-37.8% | $143.0M |
| Free Cash Flow | $466.0M-39.1% | $765.0M+273.5% | -$441.0M-168.5% | $644.0M+15.0% | $560.0M-13.3% | $646.0M+132.4% | $278.0M-41.1% | $472.0M |
| Investing Cash Flow | -$224.0M-184.5% | $265.0M+295.5% | $67.0M-94.9% | $1.3B+4.0% | $1.3B+2475.5% | $49.0M-92.5% | $652.0M+160.8% | $250.0M |
| Financing Cash Flow | -$823.0M+5.8% | -$874.0M-22.1% | -$716.0M+42.6% | -$1.2B-25.8% | -$992.0M+1.7% | -$1.0B+9.8% | -$1.1B-63.1% | -$686.0M |
| Dividends Paid | $131.0M-0.8% | $132.0M-1.5% | $134.0M0.0% | $134.0M+4.7% | $128.0M-2.3% | $131.0M-3.0% | $135.0M-2.9% | $139.0M |
| Share Buybacks | $635.0M+1.4% | $626.0M+0.3% | $624.0M+1.5% | $615.0M-32.5% | $911.0M+20.7% | $755.0M-26.7% | $1.0B+127.4% | $453.0M |
EBAY Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.4%+0.5pp | 70.9%-0.7pp | 71.6%-0.5pp | 72.0%-0.1pp | 72.2%+0.4pp | 71.8%+0.4pp | 71.4%-1.2pp | 72.6% |
| Operating Margin | 20.3%-0.2pp | 20.4%+2.7pp | 17.7%-6.1pp | 23.8%+2.8pp | 21.1%-2.1pp | 23.1%+1.8pp | 21.3%-3.3pp | 24.7% |
| Net Margin | 17.8%-4.6pp | 22.4%+8.9pp | 13.5%-6.0pp | 19.5%-6.9pp | 26.3%+1.7pp | 24.6%+15.9pp | 8.7%-8.4pp | 17.1% |
| Return on Equity | 11.4%-1.9pp | 13.4%+5.6pp | 7.8%-2.4pp | 10.2%-3.0pp | 13.2%+1.5pp | 11.7%+7.6pp | 4.1%-2.9pp | 7.0% |
| Return on Assets | 3.0%-0.5pp | 3.5%+1.5pp | 2.1%-0.6pp | 2.6%-0.9pp | 3.5%+0.3pp | 3.2%+2.1pp | 1.1%-1.0pp | 2.1% |
| Current Ratio | 1.10+0.2 | 0.92-0.1 | 1.00-0.2 | 1.17-0.1 | 1.24-0.0 | 1.250.0 | 1.25-0.7 | 1.99 |
| Debt-to-Equity | 1.30+0.2 | 1.060.0 | 1.05-0.1 | 1.16+0.0 | 1.12-0.0 | 1.14+0.0 | 1.12+0.1 | 0.98 |
| FCF Margin | 15.7%-11.4pp | 27.1%+43.3pp | -16.2%-41.1pp | 24.9%+3.2pp | 21.7%-3.4pp | 25.1%+14.3pp | 10.8%-7.7pp | 18.5% |
Similar Companies
Frequently Asked Questions
What is Ebay Inc.'s annual revenue?
Ebay Inc. (EBAY) reported $11.1B in total revenue for fiscal year 2025. This represents a 7.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ebay Inc.'s revenue growing?
Ebay Inc. (EBAY) revenue grew by 7.9% year-over-year, from $10.3B to $11.1B in fiscal year 2025.
Is Ebay Inc. profitable?
Yes, Ebay Inc. (EBAY) reported a net income of $2.0B in fiscal year 2025, with a net profit margin of 18.3%.
What is Ebay Inc.'s EBITDA?
Ebay Inc. (EBAY) had EBITDA of $2.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Ebay Inc. have?
As of fiscal year 2025, Ebay Inc. (EBAY) had $1.9B in cash and equivalents against $6.0B in long-term debt.
What is Ebay Inc.'s gross margin?
Ebay Inc. (EBAY) had a gross margin of 71.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ebay Inc.'s operating margin?
Ebay Inc. (EBAY) had an operating margin of 20.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Ebay Inc.'s net profit margin?
Ebay Inc. (EBAY) had a net profit margin of 18.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Ebay Inc.'s return on equity (ROE)?
Ebay Inc. (EBAY) has a return on equity of 44.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ebay Inc.'s free cash flow?
Ebay Inc. (EBAY) generated $1.4B in free cash flow during fiscal year 2025. This represents a -26.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ebay Inc.'s operating cash flow?
Ebay Inc. (EBAY) generated $2.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ebay Inc.'s total assets?
Ebay Inc. (EBAY) had $17.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Ebay Inc.'s capital expenditures?
Ebay Inc. (EBAY) invested $525.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Ebay Inc. spend on research and development?
Ebay Inc. (EBAY) invested $1.6B in research and development during fiscal year 2025.
What is Ebay Inc.'s current ratio?
Ebay Inc. (EBAY) had a current ratio of 1.10 as of fiscal year 2025, which is considered adequate.
What is Ebay Inc.'s debt-to-equity ratio?
Ebay Inc. (EBAY) had a debt-to-equity ratio of 1.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ebay Inc.'s return on assets (ROA)?
Ebay Inc. (EBAY) had a return on assets of 11.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ebay Inc.'s Altman Z-Score?
Ebay Inc. (EBAY) has an Altman Z-Score of 6.10, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Ebay Inc.'s Piotroski F-Score?
Ebay Inc. (EBAY) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ebay Inc.'s earnings high quality?
Ebay Inc. (EBAY) has an earnings quality ratio of 0.96x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Ebay Inc. cover its interest payments?
Ebay Inc. (EBAY) has an interest coverage ratio of 9.3x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Ebay Inc.?
Ebay Inc. (EBAY) scores 61 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.