eBay (EBAY) reported R&D of $450M in Q1 2026.

How has eBay's R&D changed year-over-year?

eBay's R&D increased by 14.5% year-over-year, from $393M to $450M.

What is the long-term trend for eBay's R&D?

Over 4 years (2021 to 2025), eBay's R&D has grown at a 6.0% compound annual growth rate (CAGR), from $1.33B to $1.67B.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

eBay EBAY R&D

R&D at other companies

EtsyETSY

$99.05M-1.7%

ShopifySHOP

$437M+15.9%

1stdibs.com, Inc.DIBS

$6.18M+10.2%

CarGurus, Inc.CARG

$37.67M+7.5%

Nextdoor Holdings, Inc.NXDR

$32.02M-4.4%

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$49.62B+50.2%

Enterprise value$53.34B+40.1%

P/E24.3×+9.2×

P/S4.3×+1.1×

Profitability

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Gross margin72%-0.1pp

Operating margin19.6%-2.7pp

Net margin17.6%-2.2pp

FCF margin20.6%+3.5pp

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

Reported directly by eBay in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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 R&D?: eBay (EBAY) reported R&D of $450M in Q1 2026.
How has eBay's R&D changed year-over-year?: eBay's R&D increased by 14.5% year-over-year, from $393M to $450M.
What is the long-term trend for eBay's R&D?: Over 4 years (2021 to 2025), eBay's R&D has grown at a 6.0% compound annual growth rate (CAGR), from $1.33B to $1.67B.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.