• eBay's revenue of approximately $2.97 billion exceeded forecasts, showcasing strong market demand.
• The company's Gross Merchandise Volume (GMV) reached $21.2 billion, indicating a 10% increase on an as-reported basis.
• eBay announced a cash dividend of $0.31 per share for the first quarter, reflecting a 7% increase from the previous quarter.

eBay Inc. (NASDAQ:EBAY) is a global e-commerce leader, facilitating consumer-to-consumer and business-to-consumer sales through its platform. The company competes with other online marketplaces like Amazon and Alibaba. On February 18, 2026, eBay reported earnings per share (EPS) of $1.15, which was below the expected $1.35. However, the company's revenue of approximately $2.97 billion exceeded the forecasted $2.87 billion.

The Gross Merchandise Volume (GMV) reached $21.2 billion, reflecting a 10% increase on an as-reported basis and an 8% increase on an FX-Neutral basis. Despite the lower-than-expected EPS, eBay's revenue growth indicates strong market demand and effective business strategies.

eBay's financial metrics provide insights into its market valuation and financial health. The company's price-to-earnings (P/E) ratio is approximately 18.25, indicating how the market values its earnings. The price-to-sales ratio stands at about 3.35, reflecting the market's valuation of its revenue. Additionally, eBay's enterprise value to sales ratio is around 3.81, and its enterprise value to operating cash flow ratio is approximately 21.48, offering perspectives on its valuation relative to sales and cash flow.

The company returned $756 million to its stockholders in the fourth quarter, including $625 million in share repurchases and $131 million in cash dividends. In February 2026, eBay's Board of Directors declared a cash dividend of $0.31 per share for the first quarter, a 7% increase from the previous quarterly dividend. The board also authorized an additional $2 billion under the stock repurchase program, demonstrating eBay's commitment to returning value to shareholders.

eBay's CEO, Jamie Iannone, highlighted 2025 as a milestone year, emphasizing the company's strategic strength and execution. CFO Peggy Alford noted the strong conclusion to 2025, citing accelerating growth and strategic progress. eBay's debt-to-equity ratio is approximately 1.53, indicating its financial leverage, while a current ratio of about 1.10 suggests its ability to cover short-term liabilities with short-term assets. These metrics position eBay for long-term success.