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eBay (EBAY) Financials

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Annual Income Statements for eBay

Annual Income Statements for eBay

This table shows eBay's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
46 1,725 7,266 -1,017 2,530 1,786 5,667 13,608 -1,269 2,767 1,975
Consolidated Net Income / (Loss)
46 1,725 7,266 -1,017 2,530 1,786 5,667 13,608 -1,269 2,767 1,975
Net Income / (Loss) Continuing Operations
-865 1,947 7,285 -1,013 2,128 1,433 2,487 252 -1,274 2,775 1,981
Total Pre-Tax Income
2,515 2,406 3,651 2,275 2,249 1,652 3,345 398 -1,601 3,707 2,278
Total Operating Income
2,476 2,197 2,325 2,264 1,752 1,770 2,636 2,923 2,350 1,941 2,318
Total Gross Profit
7,127 6,821 7,294 7,434 6,627 5,844 7,097 7,770 7,115 7,279 7,403
Total Revenue
8,790 8,592 9,298 9,927 8,650 7,429 8,894 10,420 9,795 10,112 10,283
Operating Revenue
8,790 8,592 9,298 9,927 8,650 7,429 8,894 10,420 9,795 10,112 10,283
Total Cost of Revenue
1,663 1,771 2,004 2,493 2,023 1,585 1,797 2,650 2,680 2,833 2,880
Operating Cost of Revenue
1,663 1,771 2,004 2,221 2,023 1,585 1,797 2,650 2,680 2,833 2,880
Total Operating Expenses
4,651 4,624 4,969 5,170 4,875 4,074 4,461 4,847 4,765 5,338 5,085
Selling, General & Admin Expense
889 1,122 899 1,030 979 988 985 921 963 1,196 914
Marketing Expense
2,442 2,267 2,691 2,878 2,576 1,866 2,091 2,170 2,136 2,217 2,319
Research & Development Expense
983 923 1,114 1,224 1,051 930 1,028 1,325 1,330 1,544 1,479
Amortization Expense
75 41 34 - 22 28 27 9.00 4.00 21 20
Other Operating Expenses / (Income)
262 271 231 38 247 262 330 422 332 360 353
Total Other Income / (Expense), net
39 209 1,326 11 497 -118 709 -2,525 -3,951 1,766 -40
Interest Expense
-39 -209 -1,326 -11 -497 251 298 160 165 66 -36
Other Income / (Expense), net
- - - - - - - - -3,786 - -76
Income Tax Expense
3,380 459 -3,634 3,288 121 219 858 146 -327 932 297
Net Income / (Loss) Discontinued Operations
911 -222 -19 -4.00 402 353 3,180 13,356 5.00 -8.00 -6.00
Basic Earnings per Share
$0.04 $1.43 $6.41 ($0.95) $2.58 $2.10 $7.98 $20.87 ($2.27) $5.22 $3.99
Weighted Average Basic Shares Outstanding
1.25B 1.21B 1.13B 1.06B 980M 849M 710M 652M 558M 530M 496M
Diluted Earnings per Share
$0.04 $1.42 $6.35 ($0.95) $2.55 $2.09 $7.89 $20.54 ($2.27) $5.19 $3.94
Weighted Average Diluted Shares Outstanding
1.25B 1.22B 1.14B 1.06B 991M 856M 718M 663M 558M 533M 501M
Weighted Average Basic & Diluted Shares Outstanding
1.15B 1.21B 1.13B 1.07B 980.60M 796.08M 680.45M 587.53M 536.88M 518M 466M

Quarterly Income Statements for eBay

This table shows eBay's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders
672 567 171 1,305 724 438 224 634 679 503 368
Consolidated Net Income / (Loss)
672 567 171 1,305 724 438 224 634 679 503 368
Net Income / (Loss) Continuing Operations
671 569 172 1,306 728 439 226 636 680 505 369
Total Pre-Tax Income
829 730 285 1,661 1,031 536 328 797 617 634 477
Total Operating Income
565 558 518 455 410 631 549 595 543 616 484
Total Gross Profit
1,829 1,810 1,822 1,795 1,852 1,856 1,837 1,849 1,861 1,862 1,954
Total Revenue
2,510 2,510 2,540 2,500 2,562 2,556 2,572 2,576 2,579 2,585 2,730
Operating Revenue
2,510 2,510 2,540 2,500 2,562 2,556 2,572 2,576 2,579 2,585 2,730
Total Cost of Revenue
681 700 718 705 710 700 735 727 718 723 776
Operating Cost of Revenue
681 700 718 705 710 700 735 727 718 723 776
Total Operating Expenses
1,264 1,252 1,304 1,340 1,442 1,225 1,288 1,254 1,318 1,246 1,470
Selling, General & Admin Expense
288 297 251 283 365 238 241 194 241 261 371
Marketing Expense
554 511 566 567 573 541 577 592 609 536 586
Research & Development Expense
340 352 392 401 399 351 379 374 375 362 421
Amortization Expense
1.00 8.00 5.00 4.00 4.00 4.00 5.00 5.00 6.00 6.00 6.00
Other Operating Expenses / (Income)
81 84 90 85 101 91 86 89 87 81 86
Total Other Income / (Expense), net
264 172 -233 1,206 621 -95 -221 202 74 18 -7.00
Interest Expense
55 26 19 6.00 15 -2.00 -1.00 -3.00 -30 -20 3.00
Other Income / (Expense), net
- 198 -214 - - -97 -222 - - -2.00 -4.00
Income Tax Expense
158 161 113 355 303 97 102 161 -63 129 108
Net Income / (Loss) Discontinued Operations
1.00 -2.00 -1.00 -1.00 -4.00 -1.00 -2.00 -2.00 -1.00 -2.00 -1.00
Basic Earnings per Share
$1.09 $1.06 $0.32 $2.47 $1.37 $0.85 $0.45 $1.31 $1.38 $1.08 $0.80
Weighted Average Basic Shares Outstanding
558M 537M 534M 529M 530M 516M 503M 487M 496M 467M 461M
Diluted Earnings per Share
$1.09 $1.05 $0.32 $2.46 $1.36 $0.85 $0.45 $1.29 $1.35 $1.06 $0.79
Weighted Average Diluted Shares Outstanding
558M 541M 537M 532M 533M 519M 507M 494M 501M 475M 470M
Weighted Average Basic & Diluted Shares Outstanding
536.88M 534.50M 532.16M 519M 518M 506M 489M 479M 466M 461M 457M

Annual Cash Flow Statements for eBay

This table details how cash moves in and out of eBay's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
1,834 -4,496 -25 305 154 -1,223 598 -188 866 221 793
Net Cash From Operating Activities
5,677 4,033 2,826 3,146 2,658 3,114 2,419 2,657 2,254 2,426 2,414
Net Cash From Continuing Operating Activities
3,228 2,877 2,827 3,146 2,210 2,416 3,004 3,093 2,627 2,431 2,414
Net Income / (Loss) Continuing Operations
-865 1,947 7,285 -1,013 2,128 1,433 2,487 252 -1,274 2,775 1,981
Consolidated Net Income / (Loss)
46 1,725 7,266 -1,017 2,530 1,786 5,667 13,608 -1,269 2,767 1,975
Net Income / (Loss) Discontinued Operations
911 -222 -19 -4.00 402 353 3,180 13,356 5.00 -8.00 -6.00
Depreciation Expense
682 687 682 676 635 600 583 502 442 403 324
Non-Cash Adjustments To Reconcile Net Income
519 381 -604 637 54 596 -260 3,153 4,616 -908 1,017
Changes in Operating Assets and Liabilities, net
2,892 -138 -4,536 2,846 -607 -213 194 -814 -1,157 161 -908
Net Cash From Discontinued Operating Activities
2,449 1,156 -1.00 0.00 448 698 -585 -436 -373 -5.00 0.00
Net Cash From Investing Activities
-2,673 -3,611 -2,017 -1,295 2,894 2,787 3,794 3,663 2,461 240 2,213
Net Cash From Continuing Investing Activities
-1,325 -673 -2,017 -1,295 2,922 2,900 -179 -1,417 2,459 240 2,213
Purchase of Property, Plant & Equipment
-622 -668 -626 -666 -623 -508 -463 -444 -449 -456 -458
Acquisitions
-55 -24 -212 -50 -302 -160 0.00 0.00 -208 0.00 0.00
Purchase of Investments
-8,752 -6,744 -11,212 -15,099 -28,115 -46,966 -32,887 -22,161 -18,534 -13,874 -13,855
Sale and/or Maturity of Investments
8,115 6,781 10,063 14,520 30,901 50,548 33,129 18,855 20,626 14,502 12,306
Other Investing Activities, net
-11 -18 -30 - 32 -14 42 8.00 1,024 68 4,220
Net Cash From Discontinued Investing Activities
-1,348 -2,938 - - -28 -113 3,973 5,080 2.00 0.00 0.00
Net Cash From Financing Activities
-1,022 -4,554 -744 -1,784 -5,398 -7,091 -5,692 -6,532 -3,792 -2,450 -3,806
Net Cash From Continuing Financing Activities
-1,047 -2,960 -744 -1,784 -5,398 -7,087 -5,680 -6,557 -3,792 -2,450 -3,806
Repayment of Debt
6.00 -787 2.00 -1,452 -780 -1,545 -1,776 -1,163 -1,355 -1,150 -774
Repurchase of Common Equity
-4,658 -2,149 -2,943 -2,746 -4,502 -4,973 -5,137 -7,055 -3,143 -1,401 -3,149
Payment of Dividends
- - - 0.00 0.00 -473 -447 -466 -489 -528 -533
Issuance of Debt
3,482 0.00 2,216 2,513 0.00 0.00 1,765 2,478 1,143 0.00 441
Issuance of Common Equity
300 221 102 120 109 106 90 93 87 83 92
Other Financing Activities, net
-177 -245 -121 -219 -225 -202 -175 -444 -35 546 117
Other Net Changes in Cash
- - -90 238 - -33 77 24 -57 5.00 -28
Cash Interest Paid
99 175 220 285 314 304 271 253 244 275 264
Cash Income Taxes Paid
343 256 492 308 556 249 493 929 540 746 722

Quarterly Cash Flow Statements for eBay

This table details how cash moves in and out of eBay's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents
166 159 243 335 -516 168 -106 -183 914 870 -925
Net Cash From Operating Activities
684 841 601 862 122 615 367 755 677 787 -307
Net Cash From Continuing Operating Activities
686 841 605 862 123 615 367 755 677 787 -307
Net Income / (Loss) Continuing Operations
671 569 172 1,306 728 439 226 636 680 505 369
Consolidated Net Income / (Loss)
672 567 171 1,305 724 438 224 634 679 503 368
Net Income / (Loss) Discontinued Operations
1.00 -2.00 -1.00 -1.00 -4.00 -1.00 -2.00 -2.00 -1.00 -2.00 -1.00
Depreciation Expense
107 107 101 97 98 76 77 92 79 79 107
Non-Cash Adjustments To Reconcile Net Income
-108 10 457 -985 -390 333 463 36 185 219 246
Changes in Operating Assets and Liabilities, net
16 155 -125 444 -313 -233 -399 -9.00 -267 -16 -1,029
Net Cash From Investing Activities
-1,294 701 -277 96 -280 250 652 49 1,262 1,312 67
Net Cash From Continuing Investing Activities
-1,294 701 -277 96 -280 250 652 49 1,262 1,312 67
Purchase of Property, Plant & Equipment
-153 -132 -113 -85 -126 -143 -89 -109 -117 -143 -134
Acquisitions
- - - - - 2.00 - - - -89 -3.00
Purchase of Investments
-3,311 -3,543 -4,144 -2,920 -3,267 -3,312 -4,601 -3,559 -2,383 -3,043 -1,964
Sale and/or Maturity of Investments
2,379 4,404 3,978 3,117 3,003 3,703 2,996 3,722 1,885 4,587 2,168
Net Cash From Financing Activities
744 -1,388 -70 -613 -379 -686 -1,119 -1,009 -992 -1,248 -716
Net Cash From Continuing Financing Activities
744 -1,388 -70 -613 -379 -686 -1,119 -1,009 -992 -1,248 -716
Repayment of Debt
- -1,150 - - - -15 1.00 -750 -10 -1,241 -403
Repurchase of Common Equity
-315 -242 -250 -626 -283 -453 -1,030 -755 -911 -615 -624
Payment of Dividends
-119 -134 -133 -132 -129 -139 -135 -131 -128 -134 -134
Issuance of Debt
- - - - - 0.00 - - - 568 375
Other Financing Activities, net
3.00 138 265 145 -2.00 -79 -10 183 23 174 -23
Cash Interest Paid
50 60 83 49 83 48 83 48 85 45 87
Cash Income Taxes Paid
84 29 55 13 649 30 408 202 82 26 1,094

Annual Balance Sheets for eBay

This table presents eBay's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets
45,132 17,755 23,847 25,986 22,819 18,174 19,310 26,626 20,850 21,620 19,365
Total Current Assets
26,531 7,904 8,875 7,744 7,126 4,706 7,190 9,111 9,290 11,016 7,567
Cash & Equivalents
4,105 1,832 1,816 2,120 2,202 901 1,101 1,379 2,154 1,985 2,433
Short-Term Investments
3,730 4,299 5,333 3,743 2,713 1,850 2,392 5,944 5,317 7,007 3,457
Accounts Receivable
600 619 592 696 712 555 652 681 763 1,013 962
Other Current Assets
1,048 1,154 1,134 1,185 1,499 1,064 - - 1,056 1,011 715
Plant, Property, & Equipment, net
1,486 1,554 1,516 1,597 1,597 1,460 1,292 1,236 1,238 1,243 1,263
Total Noncurrent Assets
17,115 8,297 13,456 16,645 14,096 12,008 10,828 16,279 10,322 9,361 10,535
Long-Term Investments
5,736 3,391 3,969 6,331 3,778 1,275 833 7,966 1,797 1,129 2,439
Goodwill
4,671 4,451 4,501 4,773 5,160 4,533 4,285 4,178 4,262 4,267 4,269
Noncurrent Deferred & Refundable Income Taxes
- 0.00 4,608 5,199 4,792 3,980 3,537 3,255 3,169 3,089 2,936
Other Noncurrent Operating Assets
207 365 276 273 274 997 1,612 880 1,094 876 891
Total Liabilities & Shareholders' Equity
45,132 17,755 23,847 25,986 22,819 18,174 19,310 26,626 20,850 21,620 19,365
Total Liabilities
25,226 11,179 13,308 17,937 16,538 15,304 15,749 16,848 15,697 15,224 14,207
Total Current Liabilities
17,531 2,263 3,847 3,559 4,454 4,066 4,002 4,622 4,271 4,520 6,098
Short-Term Debt
850 0.00 1,451 781 1,546 1,020 6.00 1,355 1,150 750 1,673
Accounts Payable
107 349 283 330 286 229 657 969 261 267 1,275
Current Deferred & Payable Income Tax Liabilities
125 72 110 177 117 169 167 371 226 253 966
Other Current Liabilities
3,830 1,736 1,893 2,134 2,505 2,097 1,767 1,927 2,634 3,250 2,184
Total Noncurrent Liabilities
7,695 8,916 9,461 14,378 12,084 11,238 11,747 12,226 11,426 10,704 8,109
Long-Term Debt
6,777 6,749 7,509 9,234 7,685 6,738 7,740 7,727 7,721 6,973 5,752
Noncurrent Deferred & Payable Income Tax Liabilities
522 2,092 1,453 3,424 2,925 2,355 2,368 3,116 2,245 2,408 1,405
Other Noncurrent Operating Liabilities
79 75 499 1,720 1,474 1,814 1,576 1,383 1,460 1,323 952
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
19,906 6,576 10,539 8,049 6,281 2,870 3,561 9,778 5,153 6,396 5,158
Total Preferred & Common Equity
19,906 6,576 10,539 8,049 6,281 2,870 3,561 9,778 5,153 6,396 5,158
Total Common Equity
19,906 6,576 10,539 8,049 6,281 2,870 3,561 9,778 5,153 6,396 5,158
Common Stock
13,889 14,540 14,909 15,295 15,718 16,128 16,499 16,661 17,281 17,794 18,291
Retained Earnings
18,900 7,713 14,959 13,929 16,459 17,754 22,961 36,090 34,315 36,531 37,951
Treasury Stock
-14,054 -16,203 -19,205 -21,892 -26,394 -31,396 -36,515 -43,371 -46,702 -48,114 -51,290
Accumulated Other Comprehensive Income / (Loss)
1,171 526 -124 717 498 384 616 398 259 185 206

Quarterly Balance Sheets for eBay

This table presents eBay's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Total Assets
20,850 20,004 19,956 21,184 21,620 21,418 20,378 19,915 19,365 18,954 17,961
Total Current Assets
9,290 8,598 8,717 10,314 11,016 10,406 7,269 7,061 7,567 6,872 5,919
Cash & Equivalents
2,154 2,082 2,268 2,550 1,985 2,130 1,963 1,589 2,433 3,031 2,070
Short-Term Investments
5,317 4,788 4,864 6,167 7,007 5,983 3,203 3,302 3,457 1,760 1,680
Accounts Receivable
763 779 789 908 1,013 1,108 1,071 984 962 1,287 1,371
Other Current Assets
1,056 949 796 689 1,011 1,185 1,032 1,186 715 794 798
Plant, Property, & Equipment, net
1,238 1,235 1,227 1,201 1,243 1,281 1,285 1,273 1,263 1,293 1,333
Total Noncurrent Assets
10,322 10,171 10,012 9,669 9,361 9,731 11,824 11,581 10,535 10,789 10,709
Long-Term Investments
1,797 1,657 1,499 1,352 1,129 1,546 3,632 1,534 2,439 2,586 2,520
Goodwill
4,262 4,287 4,244 4,238 4,267 4,235 4,285 4,321 4,269 4,357 4,386
Noncurrent Deferred & Refundable Income Taxes
3,169 3,111 3,143 3,086 3,089 3,052 3,011 2,984 2,936 2,920 2,900
Other Noncurrent Operating Assets
1,094 1,116 1,126 993 876 898 896 2,742 891 926 903
Total Liabilities & Shareholders' Equity
20,850 20,004 19,956 21,184 21,620 21,418 20,378 19,915 19,365 18,954 17,961
Total Liabilities
15,697 14,617 14,688 15,285 15,224 15,145 14,853 14,495 14,207 14,004 13,212
Total Current Liabilities
4,271 3,206 3,555 4,782 4,520 5,233 5,799 5,639 6,098 5,880 5,940
Short-Term Debt
1,150 0.00 0.00 750 750 1,551 1,551 1,243 1,673 994 1,746
Accounts Payable
261 1,072 1,127 1,289 267 1,445 1,432 1,331 1,275 292 1,781
Current Deferred & Payable Income Tax Liabilities
226 305 638 776 253 308 812 790 966 1,024 125
Other Current Liabilities
2,634 1,829 1,790 1,967 3,250 1,929 2,004 2,275 2,184 3,570 2,288
Total Noncurrent Liabilities
11,426 11,411 11,133 10,503 10,704 9,912 9,054 8,856 8,109 8,124 7,272
Long-Term Debt
7,721 7,721 7,721 6,973 6,973 6,174 6,174 6,175 5,752 5,751 5,002
Noncurrent Deferred & Payable Income Tax Liabilities
2,245 2,226 2,137 2,264 2,408 2,417 1,814 1,777 1,405 1,413 1,296
Other Noncurrent Operating Liabilities
1,460 1,464 1,275 1,266 1,323 1,321 1,066 904 952 960 974
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
5,153 5,387 5,268 5,899 6,396 6,273 5,525 5,420 5,158 4,950 4,749
Total Preferred & Common Equity
5,153 5,387 5,268 5,899 6,396 6,273 5,525 5,420 5,158 4,950 4,749
Total Common Equity
5,153 5,387 5,268 5,899 6,396 6,273 5,525 5,420 5,158 4,950 4,749
Common Stock
17,281 17,366 17,531 17,641 17,794 17,893 18,060 18,163 18,291 18,364 18,560
Retained Earnings
34,315 34,744 34,775 35,941 36,531 36,826 36,926 37,407 37,951 38,314 38,542
Treasury Stock
-46,702 -46,954 -47,205 -47,862 -48,114 -48,617 -49,626 -50,382 -51,290 -51,920 -52,548
Accumulated Other Comprehensive Income / (Loss)
259 231 167 179 185 171 165 232 206 192 195

Annual Metrics And Ratios for eBay

This table displays calculated financial ratios and metrics derived from eBay's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - - - - - - - - - -
Revenue Growth
6.46% -2.25% 8.22% 6.76% -12.86% -14.12% 19.72% 17.16% -6.00% 3.24% 1.69%
EBITDA Growth
1.41% -8.68% 4.26% -2.23% -18.81% -0.71% 35.82% 6.40% -129.02% 335.81% 9.47%
EBIT Growth
0.90% -11.27% 5.83% -2.62% -22.61% 1.03% 48.93% 10.89% -149.13% 235.17% 15.51%
NOPAT Growth
-143.16% 308.77% 160.94% -121.73% 264.44% -7.38% 27.65% -5.57% -11.12% -11.67% 38.73%
Net Income Growth
-98.39% 3,650.00% 321.22% -114.00% 348.77% -29.41% 217.30% 140.13% -109.33% 318.05% -28.62%
EPS Growth
-98.39% 3,450.00% 347.18% -114.96% 368.42% -18.04% 277.51% 160.33% -111.05% 328.63% -24.08%
Operating Cash Flow Growth
13.65% -28.96% -29.93% 11.32% -15.51% 17.16% -22.32% 9.84% -15.17% 7.63% -0.49%
Free Cash Flow Firm Growth
744.29% -85.87% -95.46% 2,356.75% -52.84% 255.47% -10.38% 69.04% -87.95% 380.65% -20.41%
Invested Capital Growth
-75.50% 12.71% 120.38% -29.96% 16.17% -14.43% -5.11% -35.51% 33.18% -15.94% 6.40%
Revenue Q/Q Growth
21.16% 89.04% 4.40% -0.07% -18.21% -3.52% 22.95% 4.44% -1.04% 0.52% 0.17%
EBITDA Q/Q Growth
22.50% 22.05% -0.63% -29.92% 46.98% 0.64% 15.79% 1.00% -133.92% -6.54% 1.50%
EBIT Q/Q Growth
1.77% 30.54% -1.02% -35.59% 88.79% 0.00% 19.71% 1.49% -158.07% -7.40% 2.61%
NOPAT Q/Q Growth
16.11% 22.54% 143.90% -116.26% 226.01% -13.96% 9.02% -11.14% -4.97% -10.61% 22.40%
Net Income Q/Q Growth
136.22% -24.04% 302.10% -111.56% 220.08% -10.25% 6.50% 8.51% -4,632.14% 1.92% -2.23%
EPS Q/Q Growth
136.22% -24.47% 296.88% -111.47% 504.76% -4.13% 9.74% 11.69% -1,361.11% 5.49% -0.25%
Operating Cash Flow Q/Q Growth
-1.25% -12.97% -12.94% 163.48% -33.50% -11.93% -2.14% -14.89% 20.99% -18.81% 29.85%
Free Cash Flow Firm Q/Q Growth
1,201.12% -81.26% -98.21% 32.48% 15.91% 8.81% -11.69% -2.68% 130.81% -57.39% 245.06%
Invested Capital Q/Q Growth
-69.71% -29.50% 115.78% -34.41% -2.89% -10.11% -3.40% -8.27% -33.17% 12.52% -33.67%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
81.08% 79.39% 78.45% 74.89% 76.61% 78.66% 79.80% 74.57% 72.64% 71.98% 71.99%
EBITDA Margin
35.93% 33.57% 32.34% 29.62% 27.60% 31.90% 36.19% 32.87% -10.15% 23.18% 24.95%
Operating Margin
28.17% 25.57% 25.01% 22.81% 20.25% 23.83% 29.64% 28.05% 23.99% 19.20% 22.54%
EBIT Margin
28.17% 25.57% 25.01% 22.81% 20.25% 23.83% 29.64% 28.05% -14.66% 19.20% 21.80%
Profit (Net Income) Margin
0.52% 20.08% 78.15% -10.24% 29.25% 24.04% 63.72% 130.60% -12.96% 27.36% 19.21%
Tax Burden Percent
1.83% 71.70% 199.01% -44.70% 112.49% 108.11% 169.42% 3,419.10% 79.26% 74.64% 86.70%
Interest Burden Percent
101.58% 109.51% 157.03% 100.49% 128.37% 93.33% 126.90% 13.62% 111.49% 190.98% 101.61%
Effective Tax Rate
134.39% 19.08% -99.53% 144.53% 5.38% 13.26% 25.65% 36.68% 0.00% 25.14% 13.04%
Return on Invested Capital (ROIC)
-9.93% 49.54% 76.15% -14.15% 26.13% 24.27% 34.47% 40.64% 39.51% 33.20% 48.86%
ROIC Less NNEP Spread (ROIC-NNEP)
-16.73% 50.09% -30.39% -13.74% -80.18% 38.58% 184.52% -515.13% 127.76% -60.83% 51.33%
Return on Net Nonoperating Assets (RNNOA)
10.14% -36.52% 8.76% 3.21% 9.18% 14.77% 141.77% 163.39% -56.51% 14.72% -14.67%
Return on Equity (ROE)
0.21% 13.03% 84.91% -10.94% 35.31% 39.03% 176.24% 204.03% -17.00% 47.92% 34.19%
Cash Return on Invested Capital (CROIC)
111.36% 37.59% 1.00% 21.09% 11.17% 39.82% 39.71% 83.81% 11.05% 50.51% 42.65%
Operating Return on Assets (OROA)
5.72% 6.99% 11.18% 9.09% 7.18% 8.64% 14.06% 12.73% -6.05% 9.14% 10.94%
Return on Assets (ROA)
0.11% 5.49% 34.93% -4.08% 10.37% 8.71% 30.24% 59.25% -5.35% 13.03% 9.64%
Return on Common Equity (ROCE)
0.21% 13.03% 84.91% -10.94% 35.31% 39.03% 176.24% 204.03% -17.00% 47.92% 34.19%
Return on Equity Simple (ROE_SIMPLE)
0.23% 26.23% 68.94% -12.64% 40.28% 62.23% 159.14% 139.17% -24.63% 43.26% 38.29%
Net Operating Profit after Tax (NOPAT)
-852 1,778 4,639 -1,008 1,658 1,535 1,960 1,851 1,645 1,453 2,016
NOPAT Margin
-9.69% 20.69% 49.89% -10.16% 19.16% 20.67% 22.04% 17.76% 16.79% 14.37% 19.60%
Net Nonoperating Expense Percent (NNEP)
6.80% -0.55% 106.54% -0.41% 106.31% -14.31% -150.06% 555.77% -88.25% 94.03% -2.47%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - - 11.73% 10.29% 16.02%
Cost of Revenue to Revenue
18.92% 20.61% 21.55% 25.11% 23.39% 21.34% 20.20% 25.43% 27.36% 28.02% 28.01%
SG&A Expenses to Revenue
10.11% 13.06% 9.67% 10.38% 11.32% 13.30% 11.07% 8.84% 9.83% 11.83% 8.89%
R&D to Revenue
11.18% 10.74% 11.98% 12.33% 12.15% 12.52% 11.56% 12.72% 13.58% 15.27% 14.38%
Operating Expenses to Revenue
52.91% 53.82% 53.44% 52.08% 56.36% 54.84% 50.16% 46.52% 48.65% 52.79% 49.45%
Earnings before Interest and Taxes (EBIT)
2,476 2,197 2,325 2,264 1,752 1,770 2,636 2,923 -1,436 1,941 2,242
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
3,158 2,884 3,007 2,940 2,387 2,370 3,219 3,425 -994 2,344 2,566
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
3.19 4.57 2.87 4.46 3.92 9.47 9.13 4.04 4.19 3.47 5.75
Price to Tangible Book Value (P/TBV)
4.21 14.78 5.10 11.21 23.94 0.00 0.00 7.06 24.21 10.43 33.38
Price to Revenue (P/Rev)
7.23 3.50 3.25 3.62 2.85 3.66 3.66 3.79 2.20 2.20 2.89
Price to Earnings (P/E)
1,381.67 17.44 4.16 0.00 9.74 15.22 5.74 2.90 0.00 8.03 15.02
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 1.68% 1.36% 1.14% 2.21% 2.34% 1.74%
Earnings Yield
0.07% 5.74% 24.01% 0.00% 10.27% 6.57% 17.43% 34.44% 0.00% 12.46% 6.66%
Enterprise Value to Invested Capital (EV/IC)
17.08 7.18 3.35 5.75 3.69 5.30 6.49 9.33 4.45 4.95 6.76
Enterprise Value to Revenue (EV/Rev)
6.55 3.18 3.02 3.40 2.91 4.16 4.04 3.20 2.16 1.96 2.80
Enterprise Value to EBITDA (EV/EBITDA)
18.24 9.47 9.34 11.48 10.55 13.04 11.16 9.72 0.00 8.45 11.21
Enterprise Value to EBIT (EV/EBIT)
23.27 12.43 12.09 14.91 14.37 17.47 13.63 11.39 0.00 10.21 12.83
Enterprise Value to NOPAT (EV/NOPAT)
0.00 15.36 6.06 0.00 15.19 20.14 18.34 17.99 12.87 13.63 14.27
Enterprise Value to Operating Cash Flow (EV/OCF)
10.15 6.77 9.94 10.73 9.47 9.93 14.85 12.53 9.39 8.17 11.92
Enterprise Value to Free Cash Flow (EV/FCFF)
6.03 20.24 459.32 22.46 35.52 12.27 15.92 8.73 46.03 8.96 16.35
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.38 1.03 0.85 1.24 1.47 2.70 2.18 0.93 1.72 1.21 1.44
Long-Term Debt to Equity
0.34 1.03 0.71 1.15 1.22 2.35 2.17 0.79 1.50 1.09 1.12
Financial Leverage
-0.61 -0.73 -0.29 -0.23 -0.11 0.38 0.77 -0.32 -0.44 -0.24 -0.29
Leverage Ratio
1.99 2.37 2.43 2.68 3.41 4.48 5.83 3.44 3.18 3.68 3.55
Compound Leverage Factor
2.02 2.60 3.82 2.69 4.37 4.18 7.40 0.47 3.55 7.02 3.60
Debt to Total Capital
27.70% 50.65% 45.95% 55.44% 59.51% 73.00% 68.51% 48.15% 63.26% 54.70% 59.01%
Short-Term Debt to Total Capital
3.09% 0.00% 7.44% 4.32% 9.97% 9.60% 0.05% 7.18% 8.20% 5.31% 13.30%
Long-Term Debt to Total Capital
24.61% 50.65% 38.51% 51.12% 49.54% 63.40% 68.45% 40.97% 55.06% 49.39% 45.71%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
72.30% 49.35% 54.05% 44.56% 40.49% 27.00% 31.49% 51.85% 36.74% 45.30% 40.99%
Debt to EBITDA
2.42 2.34 2.98 3.41 3.87 3.27 2.41 2.65 -8.92 3.29 2.89
Net Debt to EBITDA
-1.88 -0.96 -0.72 -0.74 0.23 1.57 1.06 -1.81 0.40 -1.02 -0.35
Long-Term Debt to EBITDA
2.15 2.34 2.50 3.14 3.22 2.84 2.40 2.26 -7.77 2.97 2.24
Debt to NOPAT
-8.96 3.80 1.93 -9.93 5.57 5.05 3.95 4.91 5.39 5.32 3.68
Net Debt to NOPAT
6.98 -1.56 -0.47 2.16 0.32 2.43 1.75 -3.35 -0.24 -1.65 -0.45
Long-Term Debt to NOPAT
-7.96 3.80 1.62 -9.16 4.64 4.39 3.95 4.18 4.69 4.80 2.85
Altman Z-Score
2.71 3.50 3.21 2.82 2.68 3.21 4.01 4.26 3.66 4.37 5.00
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.51 3.49 2.31 2.18 1.60 1.16 1.80 1.97 2.18 2.44 1.24
Quick Ratio
0.48 2.98 2.01 1.84 1.26 0.81 1.04 1.73 1.93 2.21 1.12
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
9,548 1,349 61 1,503 709 2,519 2,258 3,817 460 2,211 1,760
Operating Cash Flow to CapEx
912.70% 603.74% 451.44% 472.37% 426.65% 612.99% 522.46% 598.42% 502.00% 532.02% 527.07%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 10.04 7.58 23.85 2.79 33.50 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 12.41 8.12 16.61 13.66 36.76 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 10.38 6.56 13.83 10.94 29.85 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.20 0.27 0.45 0.40 0.35 0.36 0.47 0.45 0.41 0.48 0.50
Accounts Receivable Turnover
1.63 14.10 15.36 15.41 12.29 11.73 14.74 15.63 13.57 11.39 10.41
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
4.14 5.65 6.06 6.38 5.42 4.86 6.46 8.24 7.92 8.15 8.21
Accounts Payable Turnover
8.00 7.77 6.34 8.13 6.57 6.16 4.06 3.26 4.36 10.73 3.74
Days Sales Outstanding (DSO)
223.38 25.89 23.77 23.68 29.71 31.13 24.77 23.35 26.90 32.05 35.05
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
45.65 46.99 57.55 44.87 55.57 59.30 89.98 111.98 83.76 34.01 97.71
Cash Conversion Cycle (CCC)
177.73 -21.10 -33.79 -21.20 -25.86 -28.17 -65.21 -88.63 -56.85 -1.96 -62.66
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
3,374 3,803 8,381 5,870 6,819 5,835 5,537 3,571 4,756 3,998 4,254
Invested Capital Turnover
1.03 2.39 1.53 1.39 1.36 1.17 1.56 2.29 2.35 2.31 2.49
Increase / (Decrease) in Invested Capital
-10,400 429 4,578 -2,511 949 -984 -298 -1,966 1,185 -758 256
Enterprise Value (EV)
57,613 27,304 28,098 33,757 25,175 30,915 35,934 33,303 21,173 19,810 28,770
Market Capitalization
63,557 30,077 30,256 35,936 24,637 27,183 32,514 39,510 21,570 22,208 29,674
Book Value per Share
$16.02 $5.48 $9.43 $7.71 $6.52 $3.53 $5.17 $15.62 $9.50 $12.32 $10.77
Tangible Book Value per Share
$12.16 $1.69 $5.31 $3.07 $1.07 ($2.09) ($1.07) $8.95 $1.64 $4.10 $1.86
Total Capital
27,533 13,325 19,499 18,064 15,512 10,628 11,307 18,860 14,024 14,119 12,583
Total Debt
7,627 6,749 8,960 10,015 9,231 7,758 7,746 9,082 8,871 7,723 7,425
Total Long-Term Debt
6,777 6,749 7,509 9,234 7,685 6,738 7,740 7,727 7,721 6,973 5,752
Net Debt
-5,944 -2,773 -2,158 -2,179 538 3,732 3,420 -6,207 -397 -2,398 -904
Capital Expenditures (CapEx)
622 668 626 666 623 508 463 444 449 456 458
Debt-free, Cash-free Net Working Capital (DFCFNWC)
2,015 -490 -670 -897 -697 -1,091 -299 -1,479 -1,302 -1,746 -2,748
Debt-free Net Working Capital (DFNWC)
9,850 5,641 6,479 4,966 4,218 1,660 3,194 5,844 6,169 7,246 3,142
Net Working Capital (NWC)
9,000 5,641 5,028 4,185 2,672 640 3,188 4,489 5,019 6,496 1,469
Net Nonoperating Expense (NNE)
-898 53 -2,627 8.90 -872 -251 -3,707 -11,757 2,914 -1,314 41
Net Nonoperating Obligations (NNO)
-16,532 -2,773 -2,158 -2,179 538 2,965 1,976 -6,207 -397 -2,398 -904
Total Depreciation and Amortization (D&A)
682 687 682 676 635 600 583 502 442 403 324
Debt-free, Cash-free Net Working Capital to Revenue
22.92% -5.70% -7.21% -9.04% -8.06% -14.69% -3.36% -14.19% -13.29% -17.27% -26.72%
Debt-free Net Working Capital to Revenue
112.06% 65.65% 69.68% 50.03% 48.76% 22.34% 35.91% 56.08% 62.98% 71.66% 30.56%
Net Working Capital to Revenue
102.39% 65.65% 54.08% 42.16% 30.89% 8.61% 35.84% 43.08% 51.24% 64.24% 14.29%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.01 $1.43 $6.41 ($0.95) $2.58 $2.10 $7.98 $20.87 ($2.27) $5.22 $3.99
Adjusted Weighted Average Basic Shares Outstanding
3.34B 1.21B 1.13B 1.06B 980M 849M 710M 652M 558M 530M 496M
Adjusted Diluted Earnings per Share
$0.01 $1.42 $6.35 ($0.95) $2.55 $2.09 $7.89 $20.54 ($2.27) $5.19 $3.94
Adjusted Weighted Average Diluted Shares Outstanding
3.37B 1.22B 1.14B 1.06B 991M 856M 718M 663M 558M 533M 501M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
3.23B 1.18B 1.09B 1.01B 914.88M 796.08M 680.45M 587.53M 536.88M 518M 466M
Normalized Net Operating Profit after Tax (NOPAT)
1,733 1,778 1,628 1,585 1,658 1,535 1,960 1,851 1,645 1,453 2,016
Normalized NOPAT Margin
19.72% 20.69% 17.50% 15.96% 19.16% 20.67% 22.04% 17.76% 16.79% 14.37% 19.60%
Pre Tax Income Margin
28.61% 28.00% 39.27% 22.92% 26.00% 22.24% 37.61% 3.82% -16.35% 36.66% 22.15%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 7.05 8.85 18.27 -8.70 29.41 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 6.12 6.58 11.57 9.97 22.02 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 5.03 7.29 15.49 -11.42 22.50 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 4.09 5.02 8.79 7.25 15.11 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 26.48% 7.89% 3.42% -38.53% 19.08% 26.99%
Augmented Payout Ratio
10,126.09% 124.58% 40.50% -270.01% 177.94% 304.93% 98.54% 55.27% -286.21% 69.71% 186.43%

Quarterly Metrics And Ratios for eBay

This table displays calculated financial ratios and metrics derived from eBay's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-3.94% 1.09% 4.87% 5.04% 2.07% 1.83% 1.26% 3.04% 0.66% 1.13% 6.14%
EBITDA Growth
-17.04% 6.54% 169.47% 598.73% -24.40% -29.32% -0.25% 24.46% 22.44% -1.98% 45.30%
EBIT Growth
-17.88% 9.25% 143.68% 1,920.00% -27.43% -29.37% 7.57% 30.77% 32.44% -2.69% 46.79%
NOPAT Growth
-5.04% -10.21% -14.93% -10.02% -36.69% 18.82% 21.00% 32.72% 106.71% -5.06% -1.02%
Net Income Growth
-65.87% 142.28% 132.20% 1,991.30% 7.74% -22.75% 30.99% -51.42% -6.22% 14.84% 64.29%
EPS Growth
-69.21% 146.05% 133.68% 1,992.31% 24.77% -19.05% 40.63% -47.56% -0.74% 24.71% 75.56%
Operating Cash Flow Growth
133.45% 37.19% 163.60% 18.24% -82.16% -26.87% -38.94% -12.41% 454.92% 27.97% -183.65%
Free Cash Flow Firm Growth
-129.73% 337.30% 182.75% 238.75% 243.95% -78.06% -92.00% -160.82% -67.31% -32.57% -240.91%
Invested Capital Growth
33.18% -39.76% -42.66% -50.08% -15.94% -5.28% 2.16% 80.50% 6.40% -0.48% 17.41%
Revenue Q/Q Growth
5.46% 0.00% 1.20% -1.57% 2.48% -0.23% 0.63% 0.16% 0.12% 0.23% 5.61%
EBITDA Q/Q Growth
750.63% 28.42% -53.07% 36.30% -7.97% 20.08% -33.77% 70.05% -9.46% 11.41% -15.30%
EBIT Q/Q Growth
2,360.00% 33.81% -59.79% 49.67% -9.89% 30.24% -38.76% 81.96% -8.74% 13.08% -21.82%
NOPAT Q/Q Growth
15.02% -4.89% -28.12% 14.44% -19.08% 78.51% -26.81% 25.52% 26.04% -18.01% -23.69%
Net Income Q/Q Growth
1,073.91% -15.63% -69.84% 663.16% -44.52% -39.50% -48.86% 183.04% 7.10% -25.92% -26.84%
EPS Q/Q Growth
938.46% -3.67% -69.52% 668.75% -44.72% -37.50% -47.06% 186.67% 4.65% -21.48% -25.47%
Operating Cash Flow Q/Q Growth
-6.17% 22.95% -28.54% 43.43% -85.85% 404.10% -40.33% 105.72% -10.33% 16.25% -139.01%
Free Cash Flow Firm Q/Q Growth
74.25% 575.33% 2.77% 10.33% -73.29% -27.56% -62.54% -939.05% 114.36% 49.41% -178.29%
Invested Capital Q/Q Growth
-33.17% -3.68% -4.87% -18.47% 12.52% 8.53% 2.60% 44.05% -33.67% 1.50% 21.05%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
72.87% 72.11% 71.73% 71.80% 72.29% 72.61% 71.42% 71.78% 72.16% 72.03% 71.58%
EBITDA Margin
26.77% 34.38% 15.94% 22.08% 19.83% 23.87% 15.71% 26.67% 24.12% 26.81% 21.50%
Operating Margin
22.51% 22.23% 20.39% 18.20% 16.00% 24.69% 21.35% 23.10% 21.05% 23.83% 17.73%
EBIT Margin
22.51% 30.12% 11.97% 18.20% 16.00% 20.89% 12.71% 23.10% 21.05% 23.75% 17.58%
Profit (Net Income) Margin
26.77% 22.59% 6.73% 52.20% 28.26% 17.14% 8.71% 24.61% 26.33% 19.46% 13.48%
Tax Burden Percent
81.06% 77.67% 60.00% 78.57% 70.22% 81.72% 68.29% 79.55% 110.05% 79.34% 77.15%
Interest Burden Percent
146.73% 96.56% 93.75% 365.05% 251.46% 100.37% 100.31% 133.95% 113.63% 103.26% 99.38%
Effective Tax Rate
19.06% 22.05% 39.65% 21.37% 29.39% 18.10% 31.10% 20.20% -10.21% 20.35% 22.64%
Return on Invested Capital (ROIC)
42.86% 27.93% 20.46% 26.98% 26.11% 46.05% 34.02% 37.97% 57.83% 45.22% 29.67%
ROIC Less NNEP Spread (ROIC-NNEP)
36.36% -75.65% 0.89% -2,283.37% -4.99% 51.80% 49.58% 14.44% 52.95% 44.26% 31.83%
Return on Net Nonoperating Assets (RNNOA)
-16.08% 1.55% 0.12% 17.41% 1.21% -12.17% -9.11% -1.73% -15.13% -10.12% -1.84%
Return on Equity (ROE)
26.78% 29.48% 20.58% 44.40% 27.31% 33.88% 24.91% 36.25% 42.70% 35.10% 27.83%
Cash Return on Invested Capital (CROIC)
11.05% 79.27% 81.92% 97.27% 50.51% 39.43% 33.10% -24.35% 42.65% 46.32% 24.10%
Operating Return on Assets (OROA)
9.29% 13.76% 6.01% 9.09% 7.62% 10.25% 6.42% 11.54% 10.57% 12.13% 9.60%
Return on Assets (ROA)
11.05% 10.32% 3.38% 26.07% 13.46% 8.40% 4.40% 12.30% 13.21% 9.94% 7.36%
Return on Common Equity (ROCE)
26.78% 29.48% 20.58% 44.40% 27.31% 33.88% 24.91% 36.25% 42.70% 35.10% 27.83%
Return on Equity Simple (ROE_SIMPLE)
0.00% 11.86% 25.46% 46.02% 0.00% 42.05% 48.71% 37.27% 0.00% 41.21% 0.00%
Net Operating Profit after Tax (NOPAT)
457 435 313 358 290 517 378 475 598 491 374
NOPAT Margin
18.22% 17.33% 12.31% 14.31% 11.30% 20.22% 14.71% 18.43% 23.20% 18.98% 13.71%
Net Nonoperating Expense Percent (NNEP)
6.50% 103.58% 19.57% 2,310.36% 31.09% -5.75% -15.56% 23.53% 4.88% 0.96% -2.16%
Return On Investment Capital (ROIC_SIMPLE)
3.26% - - - 2.05% - - - 4.76% 4.20% 3.26%
Cost of Revenue to Revenue
27.13% 27.89% 28.27% 28.20% 27.71% 27.39% 28.58% 28.22% 27.84% 27.97% 28.42%
SG&A Expenses to Revenue
11.47% 11.83% 9.88% 11.32% 14.25% 9.31% 9.37% 7.53% 9.34% 10.10% 13.59%
R&D to Revenue
13.55% 14.02% 15.43% 16.04% 15.57% 13.73% 14.74% 14.52% 14.54% 14.00% 15.42%
Operating Expenses to Revenue
50.36% 49.88% 51.34% 53.60% 56.28% 47.93% 50.08% 48.68% 51.11% 48.20% 53.85%
Earnings before Interest and Taxes (EBIT)
565 756 304 455 410 534 327 595 543 614 480
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
672 863 405 552 508 610 404 687 622 693 587
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
4.19 4.30 4.43 3.89 3.47 4.34 4.92 5.87 5.75 6.38 7.23
Price to Tangible Book Value (P/TBV)
24.21 21.06 22.82 13.83 10.43 13.35 21.92 28.97 33.38 53.22 94.56
Price to Revenue (P/Rev)
2.20 2.36 2.35 2.28 2.20 2.68 2.67 3.10 2.89 3.06 3.28
Price to Earnings (P/E)
0.00 36.25 17.42 8.46 8.03 10.31 10.10 15.76 15.02 15.47 15.72
Dividend Yield
2.21% 2.11% 2.15% 2.25% 2.34% 1.94% 1.94% 1.63% 1.74% 1.62% 1.50%
Earnings Yield
0.00% 2.76% 5.74% 11.82% 12.46% 9.70% 9.90% 6.34% 6.66% 6.46% 6.36%
Enterprise Value to Invested Capital (EV/IC)
4.45 4.88 5.15 5.80 4.95 5.82 5.86 5.12 6.76 7.16 6.66
Enterprise Value to Revenue (EV/Rev)
2.16 2.28 2.26 2.05 1.96 2.49 2.56 3.20 2.80 3.00 3.32
Enterprise Value to EBITDA (EV/EBITDA)
0.00 8.45 8.54 8.22 8.45 10.59 10.91 12.99 11.21 11.76 12.29
Enterprise Value to EBIT (EV/EBIT)
0.00 10.09 10.16 9.84 10.21 12.55 12.77 15.03 12.83 13.43 14.06
Enterprise Value to NOPAT (EV/NOPAT)
12.87 12.38 13.56 12.69 13.63 16.66 16.82 19.94 14.27 15.59 17.93
Enterprise Value to Operating Cash Flow (EV/OCF)
9.39 9.01 7.86 6.90 8.17 11.49 13.28 17.66 11.92 11.96 18.20
Enterprise Value to Free Cash Flow (EV/FCFF)
46.03 4.63 4.58 3.97 8.96 14.37 17.91 0.00 16.35 15.43 29.85
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.72 1.43 1.47 1.31 1.21 1.23 1.40 1.37 1.44 1.36 1.42
Long-Term Debt to Equity
1.50 1.43 1.47 1.18 1.09 0.98 1.12 1.14 1.12 1.16 1.05
Financial Leverage
-0.44 -0.02 0.14 -0.01 -0.24 -0.24 -0.18 -0.12 -0.29 -0.23 -0.06
Leverage Ratio
3.18 3.46 3.77 3.75 3.68 3.55 3.74 3.63 3.55 3.60 3.73
Compound Leverage Factor
4.67 3.34 3.53 13.68 9.25 3.57 3.75 4.86 4.03 3.71 3.71
Debt to Total Capital
63.26% 58.90% 59.44% 56.70% 54.70% 55.19% 58.30% 57.78% 59.01% 57.67% 58.69%
Short-Term Debt to Total Capital
8.20% 0.00% 0.00% 5.51% 5.31% 11.08% 11.71% 9.68% 13.30% 8.50% 15.19%
Long-Term Debt to Total Capital
55.06% 58.90% 59.44% 51.19% 49.39% 44.11% 46.60% 48.10% 45.71% 49.17% 43.51%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
36.74% 41.10% 40.56% 43.30% 45.30% 44.81% 41.70% 42.22% 40.99% 42.33% 41.31%
Debt to EBITDA
-8.92 2.92 2.94 3.08 3.29 3.24 3.23 2.93 2.89 2.56 2.38
Net Debt to EBITDA
0.40 -0.30 -0.35 -0.94 -1.02 -0.81 -0.45 0.39 -0.35 -0.24 0.17
Long-Term Debt to EBITDA
-7.77 2.92 2.94 2.78 2.97 2.59 2.58 2.44 2.24 2.19 1.77
Debt to NOPAT
5.39 4.28 4.66 4.75 5.32 5.09 4.98 4.50 3.68 3.40 3.48
Net Debt to NOPAT
-0.24 -0.45 -0.55 -1.44 -1.65 -1.28 -0.69 0.60 -0.45 -0.32 0.25
Long-Term Debt to NOPAT
4.69 4.28 4.66 4.29 4.80 4.07 3.98 3.75 2.85 2.90 2.58
Altman Z-Score
3.98 4.32 4.25 4.14 4.13 4.33 4.27 4.65 4.71 4.90 5.23
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
2.18 2.68 2.45 2.16 2.44 1.99 1.25 1.25 1.24 1.17 1.00
Quick Ratio
1.93 2.39 2.23 2.01 2.21 1.76 1.08 1.04 1.12 1.03 0.86
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-728 3,459 3,555 3,922 1,048 759 284 -2,385 342 512 -401
Operating Cash Flow to CapEx
447.06% 637.12% 531.86% 1,014.12% 96.83% 430.07% 412.36% 692.66% 578.63% 550.35% -229.10%
Free Cash Flow to Firm to Interest Expense
-13.23 133.04 187.09 653.63 69.83 0.00 0.00 0.00 0.00 0.00 -133.53
Operating Cash Flow to Interest Expense
12.44 32.35 31.63 143.67 8.13 0.00 0.00 0.00 0.00 0.00 -102.33
Operating Cash Flow Less CapEx to Interest Expense
9.65 27.27 25.68 129.50 -0.27 0.00 0.00 0.00 0.00 0.00 -147.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.41 0.46 0.50 0.50 0.48 0.49 0.51 0.50 0.50 0.51 0.55
Accounts Receivable Turnover
13.57 13.98 14.26 13.06 11.39 10.77 10.96 10.85 10.41 8.61 8.57
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
7.92 8.09 8.28 8.40 8.15 8.07 8.11 8.30 8.21 8.01 8.00
Accounts Payable Turnover
4.36 2.73 2.77 2.59 10.73 2.25 2.23 2.19 3.74 1.88 1.83
Days Sales Outstanding (DSO)
26.90 26.11 25.59 27.96 32.05 33.90 33.31 33.63 35.05 42.39 42.57
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
83.76 133.53 131.59 140.72 34.01 162.14 163.87 166.49 97.71 194.26 199.18
Cash Conversion Cycle (CCC)
-56.85 -107.43 -106.00 -112.76 -1.96 -128.24 -130.55 -132.85 -62.66 -151.87 -156.61
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
4,756 4,581 4,358 3,553 3,998 4,339 4,452 6,413 4,254 4,318 5,227
Invested Capital Turnover
2.35 1.61 1.66 1.89 2.31 2.28 2.31 2.06 2.49 2.38 2.16
Increase / (Decrease) in Invested Capital
1,185 -3,024 -3,242 -3,564 -758 -242 94 2,860 256 -21 775
Enterprise Value (EV)
21,173 22,359 22,453 20,625 19,810 25,268 26,109 32,832 28,770 30,930 34,804
Market Capitalization
21,570 23,165 23,363 22,971 22,208 27,202 27,182 31,839 29,674 31,562 34,326
Book Value per Share
$9.50 $10.03 $9.87 $11.09 $12.32 $12.11 $10.98 $11.08 $10.77 $10.62 $10.30
Tangible Book Value per Share
$1.64 $2.05 $1.92 $3.12 $4.10 $3.93 $2.47 $2.25 $1.86 $1.27 $0.79
Total Capital
14,024 13,108 12,989 13,622 14,119 13,998 13,250 12,838 12,583 11,695 11,497
Total Debt
8,871 7,721 7,721 7,723 7,723 7,725 7,725 7,418 7,425 6,745 6,748
Total Long-Term Debt
7,721 7,721 7,721 6,973 6,973 6,174 6,174 6,175 5,752 5,751 5,002
Net Debt
-397 -806 -910 -2,346 -2,398 -1,934 -1,073 993 -904 -632 478
Capital Expenditures (CapEx)
153 132 113 85 126 143 89 109 117 143 134
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-1,302 -1,478 -1,970 -2,435 -1,746 -1,389 -2,145 -2,226 -2,748 -2,805 -2,025
Debt-free Net Working Capital (DFNWC)
6,169 5,392 5,162 6,282 7,246 6,724 3,021 2,665 3,142 1,986 1,725
Net Working Capital (NWC)
5,019 5,392 5,162 5,532 6,496 5,173 1,470 1,422 1,469 992 -21
Net Nonoperating Expense (NNE)
-215 -132 142 -947 -434 79 154 -159 -81 -12 6.42
Net Nonoperating Obligations (NNO)
-397 -806 -910 -2,346 -2,398 -1,934 -1,073 993 -904 -632 478
Total Depreciation and Amortization (D&A)
107 107 101 97 98 76 77 92 79 79 107
Debt-free, Cash-free Net Working Capital to Revenue
-13.29% -15.05% -19.82% -24.20% -17.27% -13.67% -21.05% -21.68% -26.72% -27.20% -19.34%
Debt-free Net Working Capital to Revenue
62.98% 54.90% 51.93% 62.45% 71.66% 66.19% 29.65% 25.96% 30.56% 19.26% 16.48%
Net Working Capital to Revenue
51.24% 54.90% 51.93% 54.99% 64.24% 50.93% 14.43% 13.85% 14.29% 9.62% -0.20%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.09 $1.06 $0.32 $2.47 $1.37 $0.85 $0.45 $1.31 $1.38 $1.08 $0.80
Adjusted Weighted Average Basic Shares Outstanding
558M 537M 534M 529M 530M 516M 503M 487M 496M 467M 461M
Adjusted Diluted Earnings per Share
$1.09 $1.05 $0.32 $2.46 $1.36 $0.85 $0.45 $1.29 $1.35 $1.06 $0.79
Adjusted Weighted Average Diluted Shares Outstanding
558M 541M 537M 532M 533M 519M 507M 494M 501M 475M 470M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
536.88M 534.50M 532.16M 519M 518M 506M 489M 479M 466M 461M 457M
Normalized Net Operating Profit after Tax (NOPAT)
457 435 313 358 290 517 378 475 380 491 374
Normalized NOPAT Margin
18.22% 17.33% 12.31% 14.31% 11.30% 20.22% 14.71% 18.43% 14.74% 18.98% 13.71%
Pre Tax Income Margin
33.03% 29.08% 11.22% 66.44% 40.24% 20.97% 12.75% 30.94% 23.92% 24.53% 17.47%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
10.27 29.08 16.00 75.83 27.33 0.00 0.00 0.00 0.00 0.00 160.00
NOPAT to Interest Expense
8.31 16.73 16.45 59.63 19.30 0.00 0.00 0.00 0.00 0.00 124.81
EBIT Less CapEx to Interest Expense
7.49 24.00 10.05 61.67 18.93 0.00 0.00 0.00 0.00 0.00 115.33
NOPAT Less CapEx to Interest Expense
5.53 11.65 10.51 45.46 10.90 0.00 0.00 0.00 0.00 0.00 80.14
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
-38.53% 77.31% 37.73% 19.08% 19.08% 20.20% 19.88% 26.44% 26.99% 25.88% 24.13%
Augmented Payout Ratio
-286.21% 439.75% 119.24% 71.86% 69.71% 81.31% 108.77% 151.24% 186.43% 188.19% 157.14%

Financials Breakdown Chart

Key Financial Trends

eBay Inc. (NASDAQ: EBAY) demonstrates several notable trends over the past four years based on its quarterly financial statements, including cash flow, income, and balance sheet data. The analysis focuses on revenue growth, profitability, cash flow management, and balance sheet strength.

Positive Trends:

  • Consistent Revenue Growth: Operating revenue increased from approximately $2.51 billion in Q4 2022 to $2.73 billion in Q2 2025, showing steady top-line growth over the period.
  • Solid Gross Profit Margins: Gross profit remained robust, rising from about $1.83 billion in Q2 2023 to $1.95 billion in Q2 2025, reflecting effective cost controls relative to revenue growth.
  • Improved Net Income: Consolidated net income grew from a loss in Q3 2022 (-$69 million) to a positive $368 million by Q2 2025 indicating a recovery and stronger earnings generation.
  • Operating Cash Flow Positivity in Early Quarters: Multiple quarters, especially in 2023 and Q1 2025, show positive net cash from continuing operating activities reaching up to $841 million, supporting operational strength.
  • Stable Earnings Per Share Growth: Diluted EPS increased from a negative $0.13 in Q3 2022 to $0.79 in Q2 2025, highlighting improving profitability on a per-share basis despite share count fluctuations.
  • Reduction in Total Liabilities: From $15.7 billion in Q1 2023 to roughly $13.2 billion in Q2 2025, indicating progress in deleveraging or managing debts.
  • Strong Equity Position: Total common equity remained stable, around $4.7 to $6.3 billion across the years, maintaining a buffer for the company's financial health.
  • Consistent Dividend Payments: Dividends paid remain steady around $130-140 million each quarter, suggesting commitment to shareholder returns.

Neutral Trends:

  • Capital Expenditures and Acquisitions: eBay continues to invest moderately in property, plant, and equipment ($80-150 million per quarter) and occasional acquisitions, showing reinvestment in the business.
  • Significant Fluctuations in Investments: Purchases and sales/maturities of investments demonstrate active portfolio management, with large swings but overall a balanced approach.
  • Treasury Stock Consistently High: Treasury stock is substantial (around -$47 to -$52 billion), reflecting ongoing share repurchases which impact equity and per-share metrics.
  • Long-Term Debt Relatively Steady: Long-term debt levels oscillate between $5.0 billion and $7.7 billion, requiring monitoring but remain within manageable levels compared to assets.
  • Shares Outstanding Fluctuations: Weighted average shares outstanding changed moderately, impacting per-share metrics but reflecting common equity activity.

Negative Trends:

  • Declining Operating Cash Flow in Latest Quarter: In Q2 2025, net cash from continuing operating activities shows a cash outflow of $307 million, a sharp reversal from previous quarters indicating potential operational challenges or working capital issues.
  • Significant Cash Outflow in Financing Activities: Negative cash flow close to $700 million in Q2 2025 mainly due to debt repayments and stock repurchases, which may pressure liquidity if sustained.
  • Operating Expenses Growing: Marketing and R&D expenses have generally increased, with marketing expense near $586 million in Q2 2025, which might pressure margins if not matched by revenue growth.
  • High Cash Income Taxes: Cash income taxes paid have spiked to $1.09 billion in Q2 2025, much higher than operating income growth, impacting free cash flow.
  • Negative Other Income / (Expense) Components: Recent quarters report a net negative impact in other income/expenses, influencing pre-tax profits and indicating potential volatility.

Summary: Over the last four years, eBay has exhibited solid revenue growth, improving profitability, and maintained a strong equity base while investing consistently in the business. However, latest cash flow figures suggest some operational and financing related cash outflows that warrant close attention. The company’s ability to sustain revenue growth and manage expenses will be key to maintaining positive operating cash flows and supporting shareholder returns.

09/19/25 12:24 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About eBay's Financials

When does eBay's financial year end?

According to the most recent income statement we have on file, eBay's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has eBay's net income changed over the last 10 years?

eBay's net income appears to be on an upward trend, with a most recent value of $1.98 billion in 2024, rising from $46 million in 2014. The previous period was $2.77 billion in 2023. View eBay's forecast to see where analysts expect eBay to go next.

What is eBay's operating income?
eBay's total operating income in 2024 was $2.32 billion, based on the following breakdown:
  • Total Gross Profit: $7.40 billion
  • Total Operating Expenses: $5.09 billion
How has eBay's revenue changed over the last 10 years?

Over the last 10 years, eBay's total revenue changed from $8.79 billion in 2014 to $10.28 billion in 2024, a change of 17.0%.

How much debt does eBay have?

eBay's total liabilities were at $14.21 billion at the end of 2024, a 6.7% decrease from 2023, and a 43.7% decrease since 2014.

How much cash does eBay have?

In the past 10 years, eBay's cash and equivalents has ranged from $901 million in 2019 to $4.11 billion in 2014, and is currently $2.43 billion as of their latest financial filing in 2024.

How has eBay's book value per share changed over the last 10 years?

Over the last 10 years, eBay's book value per share changed from 16.02 in 2014 to 10.77 in 2024, a change of -32.8%.



This page (NASDAQ:EBAY) was last updated on 9/19/2025 by MarketBeat.com Staff
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