EBAY eBay Inc.

FY2025 10-K
Filed: Feb 19, 2026
Information Technology
Services-Business Services, NECSEC EDGAR

eBay Inc. (EBAY) filed its fiscal year 2025 10-K annual report with the SEC on Feb 19, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

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
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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
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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.
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Financial Summary
XBRL

Revenue

$11.1B

Net Income

$2.0B

Gross Margin

71.5%

Operating Margin

20.5%

Net Margin

18.3%

ROE

44.0%

Total Assets

$17.6B

EPS (Diluted)

$4.34

Operating Cash Flow

$2.0B

Source: XBRL data from eBay Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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