Earnings call analysis

eBay (EBAY) Q3 2026 Earnings Call: Guidance and Outlook

Management provided guidance for the fourth quarter of 2026, forecasting continued growth across GMV, revenue, and earnings. They also noted that while they are still budgeting for 2027, they expect broad-based growth across strategic initiatives.

About eBay. eBay Inc. manages an extensive global e-commerce ecosystem designed to facilitate transactions between buyers and sellers. com, alongside its suite of dedicated mobile applications. Through these digital platforms, users are empowered to list, discover, purchase, and pay for a vast array of goods.

Call date

Oct 28, 2026

Sentiment score

+35 Balanced

Management tone, -100 to +100

Sentiment change

-10

vs Q2 2026 call

Sector

Consumer Discretionary, Broadline Retail

Next report

Feb 17, 2027

View calendar

Quarterly guidance

GMV: $23.7 billion to $24.1 billion
Revenue: $3.19 billion to $3.24 billion
Non-GAAP Operating Income: 6% to 10% year-over-year growth
Non-GAAP EPS: $1.48 to $1.53

Annual guidance

Stock Repurchases: Roughly $2 billion

Outlook

Strategic Priorities: Continued focus on collectibles, eBay Live, C2C, and Depop to expand the addressable market.
Macro Environment: International markets face a challenging macro backdrop, though strategic initiatives are yielding attractive returns.
Trading Cards: Growth is expected to moderate in 2027 as the company laps the extraordinary levels experienced in 2026.
Cost Discipline: The company remains disciplined on costs and is streamlining operations to create capacity for investment.
Capital Allocation: The long-term framework remains unchanged, targeting 90% to 100% of normalized free cash flow for repurchases and dividends.

Sources and method

Dombey's summary of the eBay Q3 2026 earnings call held Oct 28, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.

Updated Nov 9, 2026. All earnings call analyses

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Research published before the catalyst, kept on the record after it.

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