# eBay Inc. (EBAY)

> Source: Nexqual · https://nexqual.com/EBAY · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, eBay Inc. (EBAY), nexqual.com/EBAY" · informational, not investment advice.

**Price:** USD 122.04 (-0.70% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 122.04 · day 120.37–123.03 · 52w 78.03–124.59 · market cap null · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $12.0B, net income $2.22B (18.5% margin), free cash flow $2.43B (SEC filings).
- 2 of 80 tracked superinvestors hold EBAY (13F, Q2 2026): 0 new, 0 added, 2 reduced, 0 unchanged.
- Analysts: Hold (mean 2.59 on a 1–5 scale) (32 analysts), mean target USD 116.92 (range 71–145).
- Total return with dividends: 1Y +29.4% vs S&P 500 +14.9%; 5Y +65.3% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 1.41, revenue estimate $3.11B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $10.4B | $9.79B | $10.1B | $10.3B | $11.1B | $12.0B |
| Gross profit | $7.77B | $7.12B | $7.28B | $7.40B | $7.93B | — |
| Operating income | $2.92B | $2.35B | $1.94B | $2.32B | $2.28B | $2.46B |
| Net income | $13.6B | -$1.27B | $2.77B | $1.98B | $2.03B | $2.22B |
| EPS (diluted) | $20.54 | -$2.27 | $5.19 | $3.94 | $4.34 | — |
| Free cash flow | $2.21B | $1.80B | $1.97B | $1.96B | $1.43B | $2.43B |
| Gross margin | 74.6% | 72.6% | 72.0% | 72.0% | 71.5% | — |
| Operating margin | 28.1% | 24.0% | 19.2% | 22.5% | 20.5% | 20.5% |
| Net margin | 130.6% | -13.0% | 27.4% | 19.2% | 18.3% | 18.5% |
| Revenue growth | +17.2% | -6.0% | +3.2% | +1.7% | +7.9% | — |
| Cash + short-term investments | $7.32B | $4.78B | — | — | — | — |
| Total debt | $9.08B | $8.87B | $7.72B | $6.98B | $6.75B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)

P/E at fiscal year-ends: Dec 2025 20.1x, Dec 2024 15.7x, Dec 2023 8.4x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold EBAY. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lindsell Train |  | 4.74% | $125M | Reduced -42.1% |
| Yacktman Asset Management |  | 1.74% | $141M | Reduced -17.4% |

## Analysts
Consensus Hold (mean 2.59 on a 1–5 scale), 32 analysts; mean target USD 116.92 (low 71, high 145).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Morgan Stanley | Target raised | Overweight | $127 → $132 |
| 2026-10-12 | Wells Fargo | Target lowered | Underweight | $92 → $91 |
| 2026-09-14 | StoneX | Target raised | Buy | $134 → $136 |
| 2026-08-20 | Wedbush | Target raised | Outperform | $135 → $137 |
| 2026-08-20 | Rosenblatt | Initiated | Buy | $120 |
| 2026-08-13 | Citigroup | Target raised | Buy | $127 → $130 |
| 2026-08-11 | UBS | Target raised | Neutral | $107 → $120 |
| 2026-08-07 | Argus Research | Upgrade | Hold → Buy | $133 |
| 2026-08-06 | Piper Sandler | Target raised | Overweight | $115 → $133 |
| 2026-08-06 | Truist Securities | Target raised | Hold | $105 → $115 |
| 2026-08-06 | Wedbush | Reiterated | Outperform | $135 |
| 2026-08-06 | Benchmark | Target raised | Buy | $115 → $134 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +29.4% | +65.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +29.5% | +10.6% |
| Volatility (annualized) | 36.6% | 30.7% |
| Max drawdown | -20.0% (Oct 2025→Feb 2026) | -53.6% (Oct 2021→Sep 2022) |

## Peers (Internet Retail)
SE (Sea Limited) USD 75.69 -2.89% · DASH (DoorDash, Inc.) USD 185.94 +0.81% · JD (JD.com, Inc.) USD 25.68 -0.43% · MELI (MercadoLibre, Inc.) USD 1,824.95 -1.61% · PDD (PDD Holdings Inc.) USD 79.17 +0.57% · CPNG (Coupang, Inc.) USD 13.99 +0.87%

## More
Full page: https://nexqual.com/EBAY · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.41 | $1.45 | -2.8% | $3.11B | 26 |
| Next quarter (ends 2026-12-31) | $1.47 | $1.52 | -3.1% | $3.20B | 24 |
| Current fiscal year (ends 2026-12-31) | $6.14 | $6.12 | +0.3% | $12.53B | 29 |
| Next fiscal year (ends 2027-12-31) | $6.72 | $6.74 | -0.2% | $13.37B | 30 |