eBay Inc.EBAY
NasdaqGS•Consumer Cyclical•Internet Retail
eBay Inc., together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. Its marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps. The company's platforms enable users to list, sell, buy, and pay various products. The company was founded in 1995 and is headquartered in San Jose, California.
eBay Inc. (EBAY) reported trailing twelve months revenue of $11.60B as of March 2026, a 12.5% increase year-over-year. Quarterly revenue reached $3.09B, reflecting continued top-line momentum.
eBay Inc. generated $2.04B in TTM net income, with quarterly EBITDA of $704.00M. The operating margin contracted from 23.8% to 19.8%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (19.8%) and net margin (16.6%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 19.5% a year ago, reflecting increased costs or interest expense.
EBAY trades at a P/E of 19.3x (in line with broad market averages) and a P/S of 3.4x. The price-to-book ratio of 8.9x indicates a significant premium over book value.
The company generated $898.00M in free cash flow over the trailing twelve months, a 39.4% increase year-over-year, indicating cash generation ability. The balance sheet shows $17.89B in total assets with $5.99B in long-term debt against $4.41B in stockholders equity for a debt-to-equity ratio of 1.4. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~20.9% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 43.5% suggests a durable competitive advantage and efficient capital allocation.
7 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~13.9% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 12.5% — watch for continued compression, which may signal competitive or cost pressure.
FCF covers net income by 0.9x on average — earnings are well-supported by cash generation.
D/E ratio is 1.4 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 10.9% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation