eBay EBAY is scheduled to report its third-quarter 2026 results on Oct. 28, after market close.
For the third quarter, eBay expects total revenues between $3.07 billion and $3.12 billion. On an FX-neutral basis, year-over-year revenue growth is anticipated to be 8-10%. The Zacks Consensus Estimate for third-quarter 2026 revenues is pegged at $3.11 billion, suggesting 10.29% year-over-year growth.
eBay’s third-quarter 2026 non-GAAP earnings per share (EPS) are expected to be between $1.36 and $1.42. The consensus mark for earnings is pegged at $1.43 per share, up a penny over the past 30 and 60 days. The estimate implies 5.15% growth from earnings of $1.36 per share reported in the year-ago quarter.
eBay’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average positive surprise of 4.24%.
eBay Inc. Price and EPS Surprise
eBay Inc. price-eps-surprise | eBay Inc. Quote
Let us see how things have shaped up for the upcoming announcement.
Factors Likely to Shape EBAY’s Q3 Results
eBay’s third-quarter 2026 results are expected to have benefited from strong momentum across its focused categories, including collectibles, Motors, fashion and refurbished goods. In the second quarter, focused-category gross merchandise volume (GMV) surged 26% year over year, accounting for more than 40% of total GMV. Sustained demand for trading cards, luxury fashion and automotive parts, coupled with expanded Authenticity Guarantee coverage and improved vehicle-fitment services, has strengthened buyer confidence. These initiatives are likely to have supported transaction volumes and revenue growth in the quarter under review.
eBay’s expanding consumer-to-consumer (C2C) and recommerce businesses, supported by the acquisition of Depop on July 30, are expected to have boosted third-quarter 2026 performance. Depop strengthens eBay’s presence in pre-loved fashion while expanding its reach among Gen Z and Millennial consumers. Core C2C GMV grew more than 20% in the second quarter, aided by AI-powered Magical Listing tools and improving seller engagement. Management expects Depop to contribute approximately 2.5 percentage points to consolidated FX-neutral GMV growth and 1.5 percentage points to revenue growth in the to-be-reported quarter.
eBay’s growing advertising business, complemented by expanding shipping and financial services capabilities, is expected to have strengthened third-quarter 2026 revenues. In the second quarter, first-party advertising revenues increased 24% year over year on an FX-neutral basis to $570 million, supported by stronger seller adoption and improved advertising relevance. Shipping revenues also recorded double-digit growth, reflecting increasing adoption of managed delivery solutions. Continued investments in Promoted Listings, cost-effective shipping and digital payment solutions are likely to have supported marketplace monetization and positively contributed to eBay’s take rate in the quarter under review.
However, eBay’s acquisition of Depop and increased investments in strategic growth initiatives are expected to have pressured third-quarter 2026 profitability. The company anticipates Depop to create a 3-4 percentage-point headwind to consolidated non-GAAP operating income growth and mid-single-digit dilution to non-GAAP earnings growth. Additionally, reduced interest income following the $1.4 billion cash acquisition is likely to have weighed on earnings. Management projects a non-GAAP operating margin of 25.1-25.6%, compared with 28.5% in the second quarter. These factors are expected to have constrained margin expansion and earnings growth in the to-be-reported quarter.
eBay’s third-quarter 2026 results are expected to have faced pressure from tougher year-over-year comparisons and slowing organic growth. The company indicated that the normalization of growth rates, which began in July, would affect third-quarter performance. Organic foreign exchange-neutral gross merchandise volume (GMV) growth is projected at 7-9%, compared with 14% in the second quarter. Moreover, persistent macroeconomic weakness in international markets and the strategic transition in Germany may have constrained marketplace activity. These factors are likely to have moderated eBay’s GMV and revenue growth in the quarter under review.
What Our Model Says About EBAY Stock
Our proven model predicts an earnings beat for eBay this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is exactly the case here.
eBay currently has an Earnings ESP of +0.20% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are some other companies worth considering, as our model shows that these too have the right combination of elements to beat earnings in their upcoming releases:
FIGS, Inc. FIGS currently has an Earnings ESP of +5.00% and carries a Zacks Rank #2. FIGS’ shares have surged 77.8% year to date. FIGS is set to report its third-quarter 2026 results on Nov. 5. You can see the complete list of today’s Zacks #1 Rank stocks here.
Sweetgreen SG presently has an Earnings ESP of +4.26% and a Zacks Rank #2. SG’s shares have gained 45.2% year to date. SG is set to report its third-quarter 2026 results on Nov. 5.
Murphy USA Inc. MUSA has an Earnings ESP of +1.97% and a Zacks Rank #3 at present. MUSA’s shares have risen 32.4% year to date. MUSA is set to report its third-quarter 2026 results on Oct. 28.
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eBay Inc. (EBAY): Free Stock Analysis Report
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Sweetgreen, Inc. (SG): Free Stock Analysis Report
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