eBay Inc. Q3 2026 Earnings Recap

eBay shares rose 2.7% after the earnings report, a roughly flat reaction. Q3 GMV and revenue grew, while management also highlighted growth in strategic categories and ongoing investment.

Key Takeaways

• GMV rose 13% to more than $23 billion; revenue increased 11% to $3.2 billion.
• Non-GAAP operating income grew 11%, and non-GAAP EPS increased nearly 12%.
• Focus-category GMV grew 24%; focus categories, C2C and recommerce grew approximately 20% in aggregate and represented 72% of GMV, excluding Depop.
• Depop accelerated materially and contributed to total FX-neutral GMV growth of nearly 16%.
• Growth in focus categories was led by collectibles, eBay Motors, fashion and refurbished goods; luxury fashion delivered another quarter of healthy double-digit GMV growth.