NASDAQ$EBAY
eBay · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
eBay surpassed expectations in Q2 2020 due to team's focus on supporting small businesses and communities, re-engaging existing buyers and sellers, and introducing new customers to the platform.
eBay Inc. reported strong second-quarter results, with revenue reaching $2.9 billion, up 18% year-over-year. The company added approximately 8 million new customers and saw a 26% increase in Gross Merchandise Volume (GMV). GAAP EPS was $1.04, and Non-GAAP EPS was $1.08.
- Revenue of $2.9 billion, up 18% year-over-year.
- Gross Merchandise Volume (GMV) of $27.1 billion, up 26% year-over-year.
- GAAP and Non-GAAP EPS per diluted share of $1.04 and $1.08, respectively.
- Annual active buyers grew by 5%, adding approximately 8 million buyers, for a total of 182 million global active buyers.
Headline financials
Revenue & EPS history
eBay · Revenue · Quarterly
$2.87B
Revenue by segment
eBay · $366M total across 1 segment · Q3 2023
- Total Advertising$366M—100.0%
Forward guidance
eBay expects net revenue between $2.64 billion and $2.71 billion for Q3 2020, representing Organic FX-Neutral growth of 14% - 17%. GAAP earnings per diluted share from continuing operations are expected to be in the range of $0.58 - $0.64, and non-GAAP earnings per diluted share from continuing operations are expected to be in the range of $0.81 - $0.87. For the full year 2020, eBay expects net revenue between $10.56 billion and $10.75 billion, representing Organic FX-Neutral growth of 12% - 14%. GAAP earnings per diluted share from continuing operations are expected to be in the range of $2.85 - $3.00, and non-GAAP earnings per diluted share from continuing operations are expected to be in the range of $3.47 - $3.59.
Tailwinds
- Net revenue between $2.64 billion and $2.71 billion for Q3 2020.
- Organic FX-Neutral growth of 14% - 17% for Q3 2020.
- GAAP earnings per diluted share from continuing operations in the range of $0.58 - $0.64 for Q3 2020.
- Non-GAAP earnings per diluted share from continuing operations in the range of $0.81 - $0.87 for Q3 2020.
- Net revenue between $10.56 billion and $10.75 billion for full year 2020.
Headwinds
- Guidance reflects management's expectations for operational performance and the impacts seen in both of our Marketplaces and Classifieds platforms to date.
- It is difficult to predict exactly how buyer behavior, retail channel shifts, and changes in the economic environment will affect our volume over time.
- The guidance we are providing assumes Classifieds results are included in the entire year.
- Future performance involves risks and uncertainties.
- Actual results could differ materially from the information provided.
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 Q2 2020
-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
| Quarter | Report date | Reaction (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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