eBay Inc. (EBAY) FY2025 10-K Annual Report
eBay Inc. (EBAY) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
eBay Inc. FY2025 10-K Analysis
Business Overview
- • Core business: Global third-party online marketplace connecting 135 million buyers and sellers across 190+ markets
- • New offerings: AI-powered listing tools using Generative AI, Secure Purchase for end-to-end digital vehicle transactions, live commerce experiences via eBay Live
Management Discussion & Analysis
- • Revenue $11.1B, up 8% YoY from $10.3B in 2024 driven by higher GMV, advertising growth, and U.K. shipping ramp
- • Operating margin 20.5% vs 22.5% in 2024, decline due to legal, restructuring expenses and higher shipping costs
Risk Factors
- • Regulatory risk: impact of U.S. tariffs and elimination of de minimis trade exemption causing increased canceled orders and return rates in 2025
- • Macroeconomic threat: continued challenging international macroeconomic conditions through 2025 partially offsetting GMV growth outside U.S.
eBay Inc. FY2025 Key Financial MetricsXBRL
Revenue
$11.1B
▲ +7.9% YoY
Net Income
$2.0B
▲ +2.8% YoY
Gross Margin
71.5%
▼ -54bp YoY
Operating Margin
20.5%
▼ -203bp YoY
Net Margin
18.3%
▼ -91bp YoY
ROE
44.0%
▲ +572bp YoY
Total Assets
$17.6B
▼ -9.1% YoY
EPS (Diluted)
$4.34
▲ +10.2% YoY
Operating Cash Flow
$2.0B
▼ -18.8% YoY
Source: XBRL data from eBay Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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