eBay Inc. · EBAY · FY2026 Q3 · Calendar Q4 2026

eBay sustains double-digit GMV growth while maintaining guidance

eBay's Q3 results support a constructive growth case: GMV and revenue remained strong, growth broadened across core and emerging verticals, and AI tools showed measurable operating benefits. The main test is whether Live and Depop can scale without lower take rates, investment, and competition eroding profitability.

Reported After market closeNASDAQConsumer Cyclical $52.52B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $1.51 Consensus $1.41
EPS surprise +7.1% Reported versus consensus
Reported revenue $3.21B Consensus $3.12B
Revenue surprise +2.9% Reported versus consensus

Market reaction

close-to-close (session unavailable)
Stock move +0.2% Event window
SPY move +0.3% Same window
Abnormal move -0.2% Stock minus SPY
Volume 1.8× Versus trailing sessions
Subsequent drift 0.0% Up to 20 sessions
EBAYSPY benchmark

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Transcript intelligence

What changed

Compared with the prior quarter, eBay moved from raised guidance to maintained guidance while reporting continued double-digit GMV growth. Live expanded to multi-streaming, AI card scanning surpassed 130 million scans, and the company highlighted Depop and Tise integration alongside broader Authenticity Guarantee and shipping plans.

Guidance delta

Management maintained guidance and reaffirmed Q4 organic GMV growth of 8–10% and non-GAAP operating-income growth of 6–10%.

Key takeaways

  • Q3 GMV grew 13% to $23B and revenue grew 11% to $3.2B, exceeding expectations.
  • Collectibles, Motors, Fashion, eBay Live, and Depop supported broad-based growth.
  • AI tools including Magical Listing, moderation, and pricing generated productivity and conversion gains.
  • Management returned $830M to shareholders and retained a $2B FY share-repurchase target.

Management priorities

  • Scale eBay Live through more markets, multi-streaming, and AI moderation.
  • Expand Authenticity Guarantee across European countries and additional categories.
  • Extend eBay Shipping in the UK, Germany, and other regions.
  • Deepen AI listing, discovery, pricing, and seller-productivity tools.
  • Integrate Depop listings into eBay search and pursue cross-platform synergies.

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Earnings History

Estimate Beat Miss Match
EBAY EPS earnings history estimate and actual scatter chart 10 reported fiscal quarters and 2 future estimate-only quarters. Q2 '24 estimate $1.13 Q2 '24 actual $1.18, beat Q3 '24 estimate $1.18 Q3 '24 actual $1.19, match Q2 '25 estimate $1.30 Q2 '25 actual $1.37, beat Q3 '25 estimate $1.33 Q3 '25 actual $1.36, beat Q4 '25 estimate $1.35 Q4 '25 actual $1.41, beat Q1 '26 estimate $1.58 Q1 '26 actual $1.66, beat Q2 '26 estimate $1.50 Q2 '26 actual $1.60, beat Q3 '26 estimate $1.41 Q3 '26 actual $1.51, beat Q4 '26 estimate $1.51 Q1 '27 estimate $1.70
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Analyst Consensus ?

ConsensusHold67 ratings
Bullish3247.8%
Neutral3349.2%
Bearish23.0%

Analyst 52W Price Targets

$120.3Current
$36Low
$92Average
$145High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 29, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
UBS Neutral NeutralMaintainOct 27, 2026
Wells Fargo Underweight UnderweightMaintainOct 12, 2026
Morgan Stanley Overweight OverweightMaintainOct 12, 2026
StoneX Buy BuyMaintainSep 14, 2026
Wedbush Outperform OutperformMaintainAug 20, 2026
Show 62 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $120.3. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
UBSAnalyst unavailable$131$118.62 +8.9%Oct 27, 2026
Morgan StanleyNathan Feather$132$112.19 +9.7%Oct 12, 2026
Wells FargoKen Gawrelski$91$112.19 -24.4%Oct 12, 2026
WedbushYgal Arounian$137$104.51 +13.9%Aug 20, 2026
UBSStephen Ju$120$106.51 -0.2%Aug 11, 2026
See 117 more

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Company context

Snapshot as of publication

eBay Inc. manages an extensive global e-commerce ecosystem designed to facilitate transactions between buyers and sellers. This framework primarily encompasses its flagship website, ebay.com, alongside its suite of dedicated mobile applications. Through these digital platforms, users are empowered to list, discover, purchase, and pay for a vast array of goods. These transactions occur across a multitude of channels—online, mobile, and even certain traditional avenues—involving a diverse array of participants. This includes individual sellers, small businesses, and larger entities such as retailers, distributors, liquidators, import/export firms, and auctioneers, often integrating with various commerce platforms, search engines, and shopping networks. The company was established in 1995 and its corporate headquarters are situated in San Jose, California.

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-10-29T04:06:10.141556+00:00
  2. FN2 earnings calendar · 2026-10-29T01:23:20.584741+00:00
  3. Polygon adjusted daily market bars · 2026-10-29T13:40:43.160295+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-29T13:40:43.157636+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-29. For educational purposes only; not investment advice.