eBay Q4 revenue $3.0B (+15% YoY), EPS $1.14; acquires Depop for $1.2B

EBAY INC

2025-FY EPS reported $4.34 vs consensus $1.37 ▲ beat (+217.9%)

Q4 revenue $2,965M (+15% as-reported), GMV $21.2B (+10%); GAAP net income $525M ($1.14 EPS), non-GAAP $648M ($1.41 EPS).
Full year 2025 revenue $11.1B (+8%), GMV $79.6B (+7%); GAAP EPS $4.26, non-GAAP EPS $5.52.
Board declared Q1 dividend $0.31/share (+7% vs prior), payable March 20 to holders of record March 6; also authorized additional $2.0B buyback.
Entered definitive agreement to acquire Depop from Etsy for ~$1.2B cash; expected close Q2 2026, subject to regulatory approvals.
Q1 2026 guidance: revenue $3.00-$3.05B, non-GAAP EPS $1.53-$1.59; FX-neutral revenue growth 13%-15%.

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