Shares of eBay Inc. (NASDAQ: EBAY) have been up over 1% on Monday. The inventory has gained 32% year-to-date. The corporate delivered a powerful efficiency within the third quarter of 2025 with high and backside line progress together with continued momentum in its focus classes, however it anticipates some elements to decelerate its progress within the subsequent quarter.
Income and earnings progress
eBay recorded progress in its income and earnings within the third quarter of 2025 in comparison with the identical interval a 12 months in the past. Income grew 9% on a reported foundation and eight% on an FX-neutral foundation to $2.82 billion. Earnings, on an adjusted foundation, grew 14% to $1.36 per share.
Focus class momentum
In Q3, eBay’s gross merchandise quantity (GMV) elevated 10% on a reported foundation and eight% on an FX-neutral foundation versus the earlier 12 months. This progress was pushed by continued momentum in its focus classes and general power within the US market. US GMV grew 13%, pushed by broad-based power throughout classes, and will increase in bought objects and common promoting value.
Focus class GMV grew 15% within the quarter, with year-over-year progress in all classes. Collectibles continued to gasoline this enlargement, led by positive aspects in collectible card video games and sports activities buying and selling playing cards. The addition of options like My Assortment, AI-powered itemizing instruments, and authentication and grading instruments have helped drive the momentum in buying and selling playing cards, and the corporate anticipates continued progress on this phase.
Motors, Components and Equipment, or P&A, was the second largest contributor to GMV progress within the third quarter. One other significant contributor was vogue, led by the posh, streetwear, and pre-loved attire focus classes. eBay has partnered with UK retail model Marks and Spencer for the resale and recycling of used clothes. This alliance is anticipated to assist develop the gathering of pre-loved clothes on eBay’s platform.
As well as, eBay prolonged its authenticity program within the UK to cowl 70 luxurious and premium manufacturers in attire, footwear, and equipment, including to its current choices in sneakers, watches, purses, and tremendous jewellery. These efforts are anticipated to assist unlock extra high-value transactions throughout premium manufacturers.
Outlook
For the fourth quarter of 2025, eBay expects income to vary between $2.83-2.89 billion, representing an FX-neutral YoY progress of 8-10%. Adjusted earnings per share is anticipated to vary between $1.31-1.36, representing YoY progress of 5-9%.
GMV is anticipated to be $20.5-20.9 billion, representing FX-neutral YoY progress of 4-6%. GMV progress is anticipated to be fueled by momentum in focus classes.
The corporate anticipates a slight deceleration in GMV progress in This autumn because it laps distinctive GMV progress in buying and selling playing cards, double-digit enchancment in UK C2C quantity progress and powerful vacation season demand within the prior-year interval. There may even be a full quarter’s affect from the removing of worldwide de minimis exemption versus a single month’s affect in Q3.
