US' eBay Q3 2025 revenue up 9% to $2.8 bn on strong marketplace growth

GAAP net income from continuing operations stood at $597 million, or $1.28 per diluted share, while non-GAAP net income reached $636 million, or $1.36 per diluted share. GAAP and non-GAAP operating margins were 20.4 per cent and 27.1 per cent, respectively. The company generated $934 million in operating cash flow and $803 million in free cash flow, returning $757 million to shareholders through $625 million in share repurchases and $132 million in dividends.

eBay marked its 30^th anniversary with the launch of the immersive ‘95 Shop experience and global celebrations showcasing its role in powering entrepreneurship and the circular economy. At eBay OPEN25 events across the US, UK, and Germany, the company unveiled AI-powered messaging, enhanced seller protections, and embedded offer-making features to simplify the selling process, eBay said in a press release.

In the UK, eBay expanded its Authenticity Guarantee to cover 70 luxury brands across apparel, footwear, and accessories—making it the first market to offer full ‘head-to-toe’ luxury authentication. It also partnered with Marks & Spencer to launch the retailer’s first resale service on eBay, allowing customers to trade pre-loved M&S items both online and in-store.

The Endless Runway initiative continued its success with pre-loved fashion showcases in New York, London, Milan, and Paris, streamed live via eBay Live and social media. eBay also completed the acquisition of Tise, a C2C social marketplace, to strengthen its connection with Gen Z and Millennial users.

Advertising revenue reached $525 million, representing 2.6 per cent of GMV, with first-party ad products delivering $496 million—up 25 per cent YoY. eBay’s cash and investments totalled $5.3 billion as of September 30, 2025.

For Q4 2025, eBay expects revenue between $2.83–2.89 billion and non-GAAP earnings per share (EPS) of $1.31–1.36. For the full year, revenue is projected at $10.97–11.03 billion, with non-GAAP EPS of $5.42– 5.47. GMV is forecast between $78.9–79.3 billion for FY25.

Additionally, the board declared a Q4 cash dividend of $0.29 per share, payable on December 12, 2025, to shareholders of record as of November 28, 2025, added the release.

“Q3 was another strong quarter for eBay, reflecting continued momentum across our marketplace and disciplined execution of our strategy,” said Jamie Iannone, CEO of eBay. “We are transforming the eBay experience through AI built on 30 years of unique insights while enhancing trusted programmes in shipping, live commerce, and circular fashion.”

“Our robust Q3 performance reflects strong operational discipline as we continue on the path of sustainable growth,” said Peggy Alford, chief financial officer (CFO) at eBay. “Looking ahead, our focus is building on this momentum, leveraging our strong financial position and talented team to accelerate our strategic initiatives, and continue creating long-term value for shareholders.”

ALCHEMPro News Desk (SG)