dailyloe.com – eBay Inc. reported its financial results for the first quarter of 2026 on April 29, 2026. The company achieved a revenue of $3.1 billion, reflecting a 19% increase on an as-reported basis and a 17% increase on an FX-Neutral basis. Gross Merchandise Volume (GMV) reached $22.2 billion, marking an 18% rise on an as-reported basis and a 14% rise on an FX-Neutral basis.
GAAP and Non-GAAP earnings per diluted share were $1.12 and $1.66, respectively, based on continuing operations. eBay’s GAAP operating margin stood at 19.8%, while the Non-GAAP operating margin was 29.4%. The company returned $639 million to stockholders during the quarter, which included $500 million in share repurchases and $139 million in cash dividends.
Jamie Iannone, eBay’s Chief Executive Officer, stated, “eBay’s first quarter results marked a strong start to the year. We accelerated GMV growth and delivered performance ahead of expectations.” Iannone highlighted the impact of their Focus Categories, C2C, and recommerce strategic priorities on their growth.
Peggy Alford, eBay’s Chief Financial Officer, remarked, “Our strong first quarter results, characterized by robust GMV and revenue growth, along with healthy earnings, reflect the powerful operating leverage inherent in our business.” Alford emphasized the company’s commitment to disciplined execution of strategic priorities to drive long-term value.
In the first quarter of 2026, eBay announced a definitive agreement to acquire Depop, a leading consumer-to-consumer fashion marketplace from Etsy. This acquisition aims to enhance eBay’s reach among younger, fashion-forward consumers and expand its presence in the resale market.
Additionally, eBay expanded its interactive live-stream shopping experience, eBay Live, to France, Italy, and Canada. This expansion aims to grow seller reach and deepen buyer engagement.
eBay also launched “The 30/30 Collection” on eBay Live, a Pokémon Day auction featuring 30 years of iconic cards and memorabilia from top sellers. This initiative is expected to boost engagement in one of the marketplace’s most popular Focus Categories.
Goldin, an eBay company, achieved an all-time quarterly GMV record in the first quarter, aided by a record-breaking sale of a PSA 10 Pikachu Illustrator for $16.5 million.
