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Screener / SEC EDGAR /CIK 0001065088 /10-K filed Feb 19, 2026, compared with Feb 27, 2025 /Numbers from the XBRL of the 10-Ks
Consumer discretionary peers:
EBAYULTACMGDRIHLTLVS
Nasdaq Consumer discretionary · Business Services

eBay Inc. EBAY

EBAY quote by TradingView

Founded in 1995 in San Jose, California, eBay Inc. is a global commerce leader that connects people and builds communities to create economic opportunity for all. 10-K, Item 1

Employees
12,300
Headquarters
San Jose, CA
CEO
Jamie Iannone
Next results
around Feb 17, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $11.1B through the costs to a net profit of $2.0B · income statement of the 10-K

21% operating margin
Revenue to Gross profit: $7.9BRevenue to Cost of revenue: $3.2BGross profit to Operating profit: $2.3BGross profit to Operating expenses: $5.7BOperating profit to Net profit: $2.0BOperating profit to Tax & other: $246.0MOperating expenses to R&D: $1.6BOperating expenses to Sales, admin & other: $4.0B Revenue: $11.1B REVENUE $11.1B +8% Y/Y Gross profit: $7.9B · 71% margin GROSS PROFIT $7.9B 71% margin · +7% Y/Y Cost of revenue: $3.2B · 29% of revenue COST OF REVENUE $3.2B 29% of revenue Operating profit: $2.3B · 21% margin OPERATING PROFIT $2.3B 21% margin · −2% Y/Y Operating expenses: $5.7B · 51% of revenue OPERATING EXPENSES $5.7B 51% of revenue Net profit: $2.0B · 18% margin NET PROFIT $2.0B 18% margin · +3% Y/Y Tax & other: $246.0M · 2% of revenue TAX & OTHER $246.0M 2% of revenue R&D: $1.6B · 15% of revenue R&D $1.6B 15% of revenue Sales, admin & other: $4.0B · 36% of revenue SALES, ADMIN & OTHER $4.0B 36% of revenue
Gross profit $7.9B 71% margin · +7% Y/Y
Operating profit $2.3B 21% margin · −2% Y/Y
Net profit $2.0B 18% margin · +3% Y/Y
The full income statement, year by year

EBAY among Consumer discretionary peers

Six ratios from the latest 10-K. Each corner is the share of 46 peers the company is above, not a score.

Compare
Revenue growth: 7.9%, above 67% of 46 peers (their median 5.2%) REVENUE GROWTH 7.9% · above 67% Gross margin: 72.2%, above 93% of 30 peers (their median 40.7%) GROSS MARGIN 72.2% · above 93% Operating margin: 20.3%, above 72% of 39 peers (their median 15.8%) OPERATING MARGIN 20.3% · above 72% Net margin: 16.9%, above 83% of 46 peers (their median 10.8%) NET MARGIN 16.9% · above 83% FCF margin: 19.5%, above 89% of 44 peers (their median 9.2%) FCF MARGIN 19.5% · above 89% Return on capital: 17.7%, above 42% of 24 peers (their median 22.8%) RETURN ON CAPITAL 17.7% · above 42%
EBAY Peer median Below the median

What changed

69 new risk paragraphs and 3 accounting facts worth reading about. 10-K filed Feb 19, 2026 against Feb 27, 2025.

Risk factors
69 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +25.0% vs revenue +7.9% (+17.1 pts)
10-K · XBRL
Cash from operations lower than net income
Cash from operations $2.0B vs net income $2.0B (FY ending Dec 31, 2025)
10-K · XBRL
Critical audit matters changed
New this year: Accounting for Income Taxes (“As described in Notes 1 and 14 to the consolidated financial statements, the Company recorded an income tax provision of $311 million for the year ended December 31, 2025, and has deferred tax assets of $3,929 million, deferred tax liabilities of $2,246 million and unrecognized tax benefits of $521 ”). No longer listed: Income Taxes - Unrecognized Tax Benefits and Taxes on Foreign Earnings
10-K · XBRL
Accounting checks
7 other checks clear, 3 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

3facts worth reading about the other 7 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +25.0% vs revenue +7.9% (+17.1 pts)
  • Cash from operations lower than net income
    Cash from operations $2.0B vs net income $2.0B (FY ending Dec 31, 2025)
  • Critical audit matters changed
    New this year: Accounting for Income Taxes (“As described in Notes 1 and 14 to the consolidated financial statements, the Company recorded an income tax provision of $311 million for the year ended December 31, 2025, and has deferred tax assets of $3,929 million, deferred tax liabilities of $2,246 million and unrecognized tax benefits of $521 ”). No longer listed: Income Taxes - Unrecognized Tax Benefits and Taxes on Foreign Earnings
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
6 more checks with nothing to note
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

69 paragraphs in Risk Factors that were not in the 10-K filed Feb 27, 2025. Quoted as filed.

All 69 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    We experience significant variation in our operating and financial results, including GMV and net revenues. All of our GMV, and substantially all of our net revenues each quarter come from transactions involving sales during that quarter. As a result, it is inherently difficult to accurately forecast our GMV, the amount and sources of…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    The businesses and markets in which we operate are intensely competitive. We compete with a wide and growing variety of online and offline businesses that provide similar goods and services across numerous industries and geographies in which we operate, including traditional retail, e-commerce, live commerce, advertising, search…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    If our advertising products, including our Promoted Listings, are not competitive, we will lose advertising revenues and our business will be harmed.
  4. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    Our business depends on consumer engagement and spending, which makes our results of operations particularly sensitive to shifts in, and events that impact, consumer confidence, platform engagement and buying trends. Our business model is dependent upon consumer engagement and spending, which is difficult to predict and which can vary…

New risk paragraphs, against peers

Latest 10-K of each, Consumer discretionary companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$9.8B$10.1B$10.3B$11.1B
Net income−$1.3B$2.8B$2.0B$2.0B
Operating cash flow$2.3B$2.4B$2.4B$2.0B
Free cash flow$1.8B$2.0B$2.0B$1.4B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$11.1B ▲ 7.9% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

eBay Inc., San Jose, CA · from the 10-K filed Feb 19, 2026

Founded in 1995 in San Jose, California, eBay Inc. is a global commerce leader that connects people and builds communities to create economic opportunity for all. Our technology empowers millions of buyers and sellers in more than 190 markets around the world, providing everyone the opportunity to grow and thrive. Our Marketplace platforms, including our online marketplace located at www.ebay.com and its localized counterparts, our off-platform marketplaces and our suite of mobile apps, together, create one of the world's largest and most vibrant marketplaces for discovering great value and a unique selection. In 2025, eBay enabled nearly $80 billion of Gross Merchandise Volume (“GMV”).

Headquarters
San Jose, CA
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
December 31
Last results
Oct 28, 2026
Incorporated in
DE

Employees, at the top of the page: "As of December 31, 2025, we employed approximately 12,300 people globally, of which, approximately 7,200 were located in the United States" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 19, 2026 (open at SEC), compared with the 10-K filed Feb 27, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/EBAY/export.csv") into a cell.