EBAY · eBay Inc.

eBay Inc. delivered robust Q1 2026 results, with revenue surging 19% to $3.1 billion and GMV climbing 18% to $22.2 billion on an as-reported basis, reflecting accelerated growth in Focus Categories, C2C, and recommerce priorities as highlighted by CEO Jamie Iannone. Advertising revenue reached $581 million, or 2.6% of GMV, with first-party products up 33%, underscoring monetization strength. Non-GAAP EPS rose 21% to $1.66, supported by a 29.4% operating margin, though GAAP margin dipped to 19.8% from 23.6% due to unspecified factors. CFO Peggy Alford emphasized operating leverage and capital discipline, enabling $639 million in returns: $500 million in repurchases (6 million shares) and $139 million in dividends, with $2.3 billion authorization remaining and $5.1 billion in cash. Business highlights included a definitive agreement for Depop acquisition to target younger fashion consumers, expansions in eBay Live and AI features, and record Goldin GMV from a $16.5 million card sale. Q2 guidance projects 8-10% FX-neutral growth in revenue and GMV, with Non-GAAP EPS of $1.46-1.51, signaling sustained momentum. A Q2 dividend of $0.31 per share was declared, payable June 12, 2026.