eBay Inc. reported a strong second quarter in 2025, with net revenues of $2.73 billion, a 6% increase year-over-year. GAAP diluted EPS was $0.79, and non-GAAP diluted EPS reached $1.37. The company saw growth in both U.S. and International Gross Merchandise Volume, contributing to overall positive performance.
Net revenues for Q2 2025 increased by 6% year-over-year to $2.73 billion, surpassing expectations.
GAAP diluted earnings per share (EPS) for the quarter was $0.79, a significant increase from $0.45 in the prior year.
Non-GAAP diluted EPS for Q2 2025 was $1.37, up 16% compared to $1.18 in Q2 2024.
Total Gross Merchandise Volume (GMV) grew by 6% year-over-year to $19.514 billion, with both U.S. and International segments contributing to the growth.
For the third quarter of 2025, eBay expects net revenues to be between $2.69 billion and $2.74 billion, with diluted GAAP EPS ranging from $0.97 to $1.02 and diluted non-GAAP EPS from $1.29 to $1.34. Gross Merchandise Volume is projected to be between $19.2 billion and $19.6 billion.
Visualization of income flow from segment revenue to net income