eBay Posts Double Beat in Q2: What Investors Should Know

eBay Inc (NASDAQ:EBAY) reported second-quarter financial results Wednesday after market close.

Here are the key highlights.

• eBay stock is trading at elevated levels. What’s ahead for EBAY stock?

eBay Q2 Earnings

eBay reported second-quarter revenue of $3.1 3 billion, up 15% year-over-year. The revenue total beat a Street consensus estimate of $3.02 billion, according to data from Benzinga Pro.

Gross merchandise volume was $22.4 billion in the quarter, up 15% year-over-year.

The company reported second-quarter adjusted earnings per share of $1.60, beating a Street estimate of $1.51.

"eBay’s second quarter delivered meaningful, broad-based momentum driven by continued innovation and focused execution against our strategic roadmap," eBay CEO Jamie Iannone said.

Iannone said the quarter showed an ability to deliver strong growth and focus on strategic priorities.

The quarter saw eBay Live post another record, with GMV up by 8x year-over-year in the seven markets the segment operates in.

An AI-powered card scanning feature surpassed 80 million cumulative scans in the quarter, with the company highlighting more efforts made in the trading card category, which is growing.

What’s Next for eBay

eBay CFO Peggy Alford said the second quarter showed gross merchandise volume growth and leadership in categories that matter.

“Given the strong momentum we are seeing in our business, we are increasing our full-year top- and bottom-line outlook," Alford said.

The company is guiding for third-quarter earnings per share in a range of $1.36 to $1.42 versus a Street estimate of $1.42.

Guidance for third-quarter sales is $3.07 billion to $3.12 billion, versus a Street estimate of $2.97 billion. The sales guidance represents year-over-year growth of 8% to 10%, lower than the 15% in the second quarter.

The guidance includes the impact of the acquisition of Depop, a fashion marketplace the company announced it was acquiring in February. The acquisition closed on July 30, 2026.

eBay Stock Price Action

eBay stock is up 0.81% to $112.05 in after-hours trading Wednesday versus a 52-week trading range of $78.03 to $119.31. The decline could be due to lower growth expected in the third quarter.

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