eBay's first quarter 2026 results beat expectations, driven by 18% GMV growth

eBay reported first quarter 2026 revenue of $3.1 billion, up 19% year-over-year, and Non-GAAP EPS of $1.66, up 21%. These results exceeded analyst expectations, driven by accelerating growth in Gross Merchandise Volume (GMV).

Key Highlights

• Gross Merchandise Volume (GMV) increased 18% to $22.2 billion, surpassing the analyst consensus of $21.7 billion.
• Revenue of $3.1 billion represented 19% year-over-year growth and beat the $3.02 billion estimate.
• First-party advertising revenue, a key high-margin business, grew 33% year-over-year to $555 million.