eBay Inc. posted a strong first-quarter performance for 2026, with revenue rising 19% year-on-year to $3.1 billion, supported by solid marketplace demand and growth in strategic segments.
Gross merchandise volume (GMV) increased 18% to $22.2 billion, reflecting continued momentum across key focus areas including consumer-to-consumer (C2C) and recommerce. On a foreign exchange-neutral basis, revenue grew 17% while GMV rose 14%.
Profitability remained robust, with GAAP net income reaching $512 million, translating to earnings per share (EPS) of $1.12. Non-GAAP net income stood at $760 million, with EPS at $1.66. Operating margins were reported at 19.8% (GAAP) and 29.4% (non-GAAP).
During the quarter, eBay strengthened its resale strategy by announcing plans to acquire Depop from Etsy, aiming to expand its presence in the fast-growing second-hand fashion market. The company also scaled its live commerce platform, eBay Live, to new international markets and partnered with Meta to enhance social commerce integration.
Sustainability remained a key focus, with eBay unveiling its Climate Transition Plan targeting net-zero emissions by 2045, alongside continued growth of its charity initiatives.
Looking ahead, the company expects second-quarter revenue between $2.97 billion and $3.03 billion, with GMV projected at $21.3–$21.7 billion, reflecting anticipated FX-neutral growth of 8–10%.
