eBay Inc. (Nasdaq: EBAY), a notable leader in global commerce, released its financial outcomes for the third quarter of 2025, concluding on September 30. The company reported revenues of $2.8 billion, reflecting a 9% increase on an as-reported basis and an 8% rise when adjusted for currency fluctuations.
"Q3 was another strong quarter for eBay, reflecting continued momentum across our marketplace and disciplined execution of our strategy," said Jamie Iannone, the Chief Executive Officer of eBay. He highlighted the impact of artificial intelligence in enhancing the eBay experience, emphasizing that the innovations aim to deepen user engagement and drive the company's success into the future.
In addition to the revenue figures, eBay's Gross Merchandise Volume (GMV) totaled $20.1 billion, achieving a 10% increase on an as-reported basis and an 8% boost on an FX-Neutral basis. For this quarter, earnings per diluted share on a continuing operations basis were reported at $1.28 for GAAP and $1.36 for Non-GAAP.
The company's operating margins also demonstrated resilience, with GAAP margins at 20.4% and Non-GAAP margins at 27.1%. "Our robust Q3 performance reflects strong operational discipline as we continue on the path of sustainable growth," remarked Peggy Alford, eBay's Chief Financial Officer. She underscored the importance of leveraging the company's strong financial position to bolster strategic initiatives that build long-term shareholder value.
Among the key highlights from the quarter, eBay proudly celebrated its 30th anniversary with a series of events including the launch of an immersive ‘95 Shop experience and a ringing of the Nasdaq opening bell in New York City. These global celebrations showcased how the platform empowers entrepreneurs and stimulates the circular economy.
At the eBay OPEN25 conference in the U.S., U.K., and Germany, the company introduced several new innovations. These updates included features for embedded offer-making, AI-powered messaging support, and enhanced seller protections designed to simplify transactions and foster trust among users. The event clearly indicated eBay's commitment to continuously improving the overall selling experience.
The collectibles community remained a significant focus for eBay, with a strong presence in high-profile events such as San Diego Comic-Con and the National Sports Collectors Convention. At these events, eBay hosted live shopping experiences in collaboration with athletes, celebrities, and content creators, contributing to the unique inventory that defines its marketplace.
eBay also expanded its eBay Endless Runway initiative, partnering with leading designers to feature pre-loved fashion through events held in major cities like New York, London, Milan, and Paris. These shows, streamed live, not only showcased the latest trends but also facilitated real-time shopping for viewers.
Furthermore, eBay improved its Authenticity Guarantee program in the U.K., now protecting 70 luxury and premium brands across various categories, making it the first market to offer comprehensive luxury authentication from head to toe. In a forward-thinking partnership, eBay collaborated with Marks & Spencer to launch a dedicated resale service, allowing customers to trade pre-loved items either online or in-person.
In the automotive sector, eBay unveiled the Secure Purchase feature, which simplifies the complexities involved in buying and selling vehicles, making these transactions safer and more manageable for users. Additionally, the integration with Apple’s Visual Intelligence enhances the shopping experience through seamless product discovery via iPhone cameras.
October also marked eBay's acquisition of Tise, a consumer-to-consumer social marketplace targeting Gen Z and Millennial shoppers, further bolstering eBay’s connection to younger demographics. Since launching the eBay Seller Capital program in 2021, over $1 billion in working capital has been distributed to eBay sellers through financing partners, illustrating the company's support for entrepreneurial growth.
On a social impact note, the eBay for Charity program facilitated the raising of over $49 million in Q3, while the eBay Foundation announced nearly $3 million in 2025 Global Give grants to support inclusive entrepreneurship.
Finally, eBay published its 2024 Global Transparency Report, detailing efforts to maintain a secure marketplace and enhance trust within the community and broader e-commerce sector.
In conclusion, eBay's Q3 2025 results demonstrate not only robust financial performance but also a commitment to innovation and community engagement, positioning the company favorably for the future amidst a rapidly evolving ecommerce landscape.