Overview
EBAY INC
Latest 10-K: FY2025, filed Feb 19, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $11.10B
- 7.9%YoYup from FY2024
- TotalRevenue
- Gross profit
- $7.93B
- 7.1%YoYup from FY2024
- GrossProfit
- Operating income
- $2.28B
- 1.8%YoYdown from FY2024
- OperatingIncome
- Net income
- $2.03B
- 2.8%YoYup from FY2024
- NetIncome
- Diluted EPS
- $4.34
- 10.2%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 468.0M
- 6.6%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- EBAY INC reported revenue of $11.10B for fiscal 2025, up 7.9% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 2 of the last 5 fiscal years.
Profitability
- Operating margin was 20.5% and net margin was 18.3%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $4.34, up 10.2% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $11.10B7.9%up Benchmark median 6.4% | $10.28B1.7%up Benchmark median 4.5% | $10.11B3.2%up Benchmark median 4.8% | $9.79B6.0%down Benchmark median 10.3% | $10.42B17.2%up Benchmark median 13.8% | 1.6% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $7.93B7.1%up Benchmark median 6.8% | $7.40B1.7%up Benchmark median 5.5% | $7.28B2.3%up Benchmark median 5.2% | $7.12B8.4%down Benchmark median 8.3% | $7.77B9.5%up Benchmark median 15.7% | 0.5% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $2.28B1.8%down Benchmark median 7.3% | $2.32B19.4%up Benchmark median 7.4% | $1.94B17.4%down Benchmark median 4.9% | $2.35B19.6%down Benchmark median 7.5% | $2.92B10.9%up Benchmark median 23.5% | -6.1% Benchmark median 7.2% |
| Net Income | $2.03B2.8%up Benchmark median 4.8% | $1.98B28.6%down Benchmark median 5.7% | $2.77Bn/m Benchmark median 1.9% | negative: -$1.27B109.3%down Benchmark median 1.3% | $13.61B140.1%up Benchmark median 33.9% | -37.8% Benchmark median 4.1% |
| EPS (Diluted) | $4.3410.2%up Benchmark median 6.2% | $3.9424.1%down Benchmark median 7.9% | $5.19n/m Benchmark median 1.9% | negative: -$2.27111.1%down Benchmark median 1.5% | $20.54160.3%up Benchmark median 34.8% | -32.2% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $17.61B9.1%down Benchmark median 5.6% | $19.36B10.4%down Benchmark median 3.4% | $21.62B3.7%up Benchmark median 4.1% | $20.85B21.7%down Benchmark median 2.2% | $26.63B37.9%up Benchmark median 6.7% | -9.8% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $12.99B8.5%down Benchmark median 6.4% | $14.21B6.7%down Benchmark median 1.9% | $15.22B3.0%down Benchmark median 2.9% | $15.70B6.8%down Benchmark median 2.0% | $16.85B7.0%up Benchmark median 5.2% | -6.3% Benchmark median 4.4% |
| Stockholders' Equity | $4.62B10.5%down Benchmark median 6.8% | $5.16B19.4%down Benchmark median 5.4% | $6.40B24.1%up Benchmark median 7.3% | $5.15B47.3%down Benchmark median 2.5% | $9.78B174.6%up Benchmark median 9.0% | -17.1% Benchmark median 6.1% |
| Cash & Equivalents | $1.87B23.3%down Benchmark median 5.2% | $2.43B22.6%up Benchmark median 1.9% | $1.99B7.8%down Benchmark median 6.7% | $2.15B56.2%up Benchmark median -8.6% | $1.38B25.2%up Benchmark median -2.9% | 7.9% Benchmark median 2.0% |
| Total Debt | $6.75B9.1%down Benchmark median 2.1% | $7.42B3.9%down Benchmark median 0.2% | $7.72B12.9%down Benchmark median 0.3% | $8.87B2.3%down Benchmark median 0.1% | $9.08B17.2%up Benchmark median -0.1% | -7.2% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.96B18.8%down Benchmark median 6.3% | $2.41B0.5%down Benchmark median 4.8% | $2.43B7.6%up Benchmark median 9.9% | $2.25B15.2%down Benchmark median -0.7% | $2.66B9.8%up Benchmark median 10.7% | -7.3% Benchmark median 7.0% |
| Capital Expenditures | $525.00M14.6%up Benchmark median 5.4% | $458.00M0.4%up Benchmark median 2.8% | $456.00M1.6%up Benchmark median 11.3% | $449.00M1.1%up Benchmark median 14.0% | $444.00M4.1%down Benchmark median 8.1% | 4.3% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $1.43B26.7%down Benchmark median 7.3% | $1.96B0.7%down Benchmark median 6.1% | $1.97B9.1%up Benchmark median 8.8% | $1.80B18.4%down Benchmark median -11.3% | $2.21B13.1%up Benchmark median 10.2% | -10.3% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
5.0%
Wall Street
on net earnings
FY2024 6.4%
3.5%
Value investor
on free cash flow
FY2024 6.3%
Gap −1.5 pts: Value-investor figure 1.5 points lower
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 20.1×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
5.9%
Wall Street
on EBITDA
FY2024 7.5%
5.0%
Value investor
on EBIT
FY2024 6.4%
Gap −0.9 pts: Value-investor figure 0.9 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 16.9×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
11.3%
Wall Street
on book equity
FY2024 16.6%
0.4%
Value investor
on tangible book
FY2024 2.9%
Gap −10.9 pts: Value-investor figure 10.9 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 8.8×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
41.6%
Wall Street
ROE: net income ÷ equity
FY2024 34.2%
16.7%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 16.7%
Gap −24.9 pts: Value-investor figure 24.9 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
24.3%
Wall Street
EBITDA margin
FY2024 26.1%
12.9%
Value investor
Free-cash-flow margin
FY2024 19.0%
Gap −11.4 pts: Value-investor figure 11.4 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.10×
Wall Street
Current ratio
FY2024 1.24×
1.10×
Value investor
Quick ratio, inventory excluded
FY2024 1.24×
Gap Same: Both views read the same
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.40×
Wall Street
EBITDA ÷ total debt
FY2024 0.36×
0.21×
Value investor
FCF ÷ total debt
FY2024 0.26×
Gap −0.19×: Value-investor figure 0.19 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 1.81×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
11.0×
Wall Street
EBITDA ÷ interest
FY2024 10.4×
9.3×
Value investor
EBIT ÷ interest
FY2024 8.9×
Gap −1.7×: Value-investor figure 1.7 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on EBAY yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on EBAY and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/EBAY
Valuein. (2026, October 31). EBAY INC (EBAY) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/EBAY
@misc{valuein_ebay_2026,
author = {{Valuein}},
title = {EBAY INC (EBAY) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/EBAY}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Feb 19, 2026 · accession 0001065088-26-000027
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point-in-time · survivorship-free · every number traceable to its SEC filing
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