NASDAQ$EBAY

eBay · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

eBay's Q1 2021 results were better than expected, driven by strong revenue and GMV growth.

eBay Inc. reported strong Q1 2021 results, with revenue up 42% to $3.0 billion and GMV up 29% to $27.5 billion. GAAP EPS was $0.82 and non-GAAP EPS was $1.09. The company generated $855 million in free cash flow and returned $414 million to shareholders.

  • Revenue increased by 42% year-over-year to $3.0 billion.
  • Gross Merchandise Volume (GMV) grew by 29% year-over-year to $27.5 billion.
  • GAAP EPS from continuing operations was $0.82, and non-GAAP EPS was $1.09.
  • The company generated $855 million of free cash flow from continuing operations.

Headline financials

Total Revenue

$3.02B

Previous: $2.37B+27.3%
EPS (adj)

$1.09

Previous: $0.77+41.6%
Active Buyers

187.0M

Previous: 174.0M+7.5%
Total GMV

$27.5B

Previous: $21.3B+29.1%
Capital Expenditures

-$83M

Previous: -$98M+15.3%
Free Cash Flow

$558M

Previous: $3.31B-83.2%
Net Income

$641M

Previous: $3.41B-81.2%
Operating Income

$842M

Previous: $629M+33.9%
Gross Profit

$2.2B

Previous: $1.85B+19.0%
Cash & Equivalents

$1.67B

Previous: $880M+89.4%
Total Assets

$18.7B

Previous: $18.9B-1.0%
Stock-Based Comp

$103M

Previous: $92M+12.0%

Revenue & EPS history

eBay · Revenue · Quarterly

$3.02B

Q1 2021+27.3%vs Q1 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

eBay · $366M total across 1 segment · Q3 2023

  • Total Advertising
    $366M

Forward guidance

eBay provided guidance for Q2 2021 with revenue between $2.98 billion and $3.03 billion, GAAP EPS between $0.67 and $0.72, and non-GAAP EPS between $0.91 and $0.96.

Tailwinds

  • Net Revenue: $2.98 - $3.03 billion
  • Organic FX-Neutral Y/Y Growth: 8 - 10%
  • Diluted GAAP EPS: $0.67 - $0.72
  • Diluted Non-GAAP EPS: $0.91 - $0.96

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.4%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+0.5%

Avg return

30 days after

45%

33 / 73 earnings

Positive

+14.3%

Q4 2017

Best reaction

-13.2%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%+1.4%+5.3%
Q4 2025-3.2%+3.8%+8.3%
Q3 2025-9.9%-17.9%-16.8%
Q2 2025-0.0%+0.9%-1.2%
Q1 2025-0.7%+3.2%+7.4%
Q4 2024-8.2%-3.6%-2.9%
Q3 2024-8.4%-4.0%+0.8%
Q2 2024+1.5%-1.3%+6.7%
Q1 2024-4.2%-4.2%+5.2%
Q4 2023+9.1%+9.5%+20.3%
Q3 2023-1.0%-1.3%+2.8%
Q2 2023-9.6%-7.9%-9.8%
Q1 2023+3.5%+3.7%+0.8%
Q4 2022-5.3%-4.4%-10.9%
Q3 2022-2.5%+1.9%+13.5%
Q2 2022-1.2%-1.7%-8.9%
Q1 2022-10.1%-7.9%-11.9%
Q4 2021+0.5%-1.0%+4.1%
Q3 2021-7.8%-2.8%-7.7%
Q2 2021+2.3%+11.8%+7.8%
Q1 2021-9.1%-5.8%-1.3%
Q4 2020+6.6%+11.4%-6.2%
Q3 2020-8.0%-10.6%-4.1%
Q2 2020-4.7%-3.4%-1.6%
Q1 2020+1.9%+1.9%+16.5%
Q4 2019-2.5%-5.4%-1.2%
Q3 2019-8.5%-7.7%-9.8%
Q2 2019-0.4%+1.9%+0.3%
Q1 2019+6.6%+6.1%-0.6%
Q4 2018+0.2%+0.9%+9.2%
Q3 2018+8.2%+11.4%+10.1%
Q2 2018-9.8%-10.6%-10.1%
Q1 2018-6.1%-8.0%-7.9%
Q4 2017+14.3%+4.9%+6.3%
Q3 2017-0.5%-1.8%-5.1%
Q2 2017-1.3%-2.0%-6.2%
Q1 2017-4.4%-5.8%-0.6%
Q4 2016+5.8%+7.3%+13.6%
Q3 2016-8.3%-7.6%-9.3%
Q2 2016+12.9%+15.8%+15.6%
Q1 2016+4.3%
Q4 2015-13.2%
Q3 2015+12.9%
Q2 2015+4.5%
Q1 2015+4.4%
Q4 2014+6.5%
Q3 2014-5.4%
Q2 2014+0.4%
Q1 2014-3.4%
Q4 2013+1.4%
Q3 2013-4.8%
Q2 2013-5.8%
Q1 2013-7.3%
Q4 2012+3.2%
Q3 2012+5.4%
Q2 2012+12.5%
Q1 2012+12.6%
Q4 2011+2.0%
Q3 2011+0.7%
Q2 2011+1.1%
Q1 2011-0.8%
Q4 2010-1.9%
Q3 2010+9.4%
Q2 2010+1.0%
Q1 2009+1.9%
Q1 2010-2.1%
Q4 2009+1.4%
Q4 2007+1.4%
Q3 2008-2.5%
Q3 2009-2.5%
Q2 2008-0.8%
Q2 2009-0.8%
Q4 2008-0.8%

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