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eBay EBAY Gross margin

Gross margin at other companies

Walmart
 logo
Walmart WMT
25%+0.1pp
Amazon logo
AmazonAMZN
50.6%+1.4pp
Shopify logo
ShopifySHOP
48%-2.0pp
Mercado Libre logo
Mercado LibreMELI
43.9%-2.3pp
DoorDash logo
DoorDashDASH
50.9%+1.7pp
Reddit logo
RedditRDDT
91.4%+0.6pp

Other financials

Income statement

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Revenue$3.1B+19.5%
Gross profit$2.3B+21.1%
Operating income$611.0M0.0%
Net income$512.0M+2.6%
EPS (diluted)$1.12+6.7%

Balance sheet

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Cash & equivalents$4.2B+1.9%
Total debt$8.0B+4.6%
Total equity$4.4B-8.6%
Total assets$17.9B-5.6%

Cash flow

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Operating cash flow$969.0M+28.3%
CapEx$72.0M-35.1%
Free cash flow$897.0M+39.3%

Valuation

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Market cap$47.9B+29.2%
Enterprise value$51.62B+27.1%
P/E23.5×+5.3×
P/S4.1×+0.5×

Profitability

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Operating margin19.6%-2.7pp
Net margin17.6%-2.2pp

Returns & leverage

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Return on equity44.2%+7.5pp
Debt / equity1.8×+0.2×
Current ratio1.2×+0.1×

Where this comes from

Calculated from eBay’s reported figures.

Based on trailing twelve months.

The official record: eBay’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is eBay's gross margin?
eBay (EBAY) reported gross margin of 72% in Q1 2026.
How has eBay's gross margin changed year-over-year?
eBay's gross margin decreased by 0.1% year-over-year, from 72.1% to 72%.
What is the long-term trend for eBay's gross margin?
Over 4 years (2021 to 2025), eBay's gross margin has grown at a -1.5% compound annual growth rate (CAGR), from 306.2% to 287.8%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.