Marketplace Momentum Surpasses Wall Street Expectations
eBay Inc. reported quarterly revenue of
$2.7 billion for the second quarter of 2025, exceeding analyst estimates and marking a 6% year-over-year increase. Gross Merchandise Volume (GMV) hit
$19.5 billion, reflecting consistent consumer engagement and ongoing demand for refurbished goods[1][2][4].
Key Financial Highlights
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Revenue: $2.7 billion, up 6% compared to Q2 2024[1][2].
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GMV: $19.5 billion, up 6% on an as-reported basis[1].
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Net Income: $368 million, up from $357 million a year earlier[4].
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GAAP EPS: $0.79 per diluted share; Non-GAAP EPS: $1.37 per diluted share[1].
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Operating Margins: 17.7% GAAP and 28.4% Non-GAAP[1].
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Returned $759 million to shareholders, including $625 million in share repurchases and $134 million in dividends[1].
Steady Demand for Refurbished Products
The company's solid performance was driven in part by robust demand for
refurbished items, as inflation-conscious consumers continued to seek value. eBay’s strategic focus on verified refurbished products, alongside a broad marketplace selection, has positioned the platform favorably amid shifting consumer preferences[1].
Outlook for Q3 2025
eBay projects Q3 2025 revenue between
$2.69 billion and $2.74 billion, which translates to an expected 3–5% FX-neutral growth from the prior year[3][5]. This guidance reflects optimism about sustained marketplace activity and the continued appeal of pre-owned goods[3][5].
Leadership Commentary
Jamie Iannone, eBay's Chief Executive Officer, stated, “Our momentum reflects the strength of our strategic execution and the resilience of our marketplace. We remain focused on driving long-term growth and creating lasting value for our shareholders”[1].
Summary
As eBay outpaces expectations with its focus on value-driven segments like refurbished goods, the company reaffirms its resilience and relevance in a competitive e-commerce landscape. Investors and consumers alike are watching closely as eBay leverages evolving buying trends and marketplace innovation for future growth.
The company's solid performance was driven in part by robust demand for
refurbished items, as inflation-conscious consumers continued to seek value. eBay’s strategic focus on verified refurbished products, alongside a broad marketplace selection, has positioned the platform favorably amid shifting consumer preferences[1].
The company's solid performance was driven in part by robust demand for
refurbished items, as inflation-conscious consumers continued to seek value. eBay’s strategic focus on verified refurbished products, alongside a broad marketplace selection, has positioned the platform favorably amid shifting consumer preferences[1].
