NASDAQ$EBAY

eBay · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported better than expected results, driven by payments migration and advertising growth, while simplifying portfolio and delivering shareholder value.

eBay Inc. reported strong Q2 2021 results, with revenue of $2.7 billion, up 14% year-over-year, and non-GAAP EPS of $0.99. The company completed the sale of its Classifieds business and announced an agreement to sell 80.01% of its eBay Korea business. eBay is focused on product innovation and creating a seamless experience for sellers.

  • Revenue of $2.7 billion, up 14% on an as-reported basis.
  • Gross Merchandise Volume of $22.1 billion, down 7% on an as-reported basis.
  • GAAP and Non-GAAP EPS per diluted share of $0.43 and $0.99, respectively.
  • Returned $1.6 billion to shareholders, including $1.5 billion of share repurchases.

Headline financials

Total Revenue

$2.67B

Previous: $2.87B-6.9%
EPS (adj)

$0.99

Previous: $1.08-8.3%
Active Buyers

159.0M

Previous: 182.0M-12.6%
Total GMV

$22.1B

Previous: $27.1B-18.5%
Capital Expenditures

-$182M

Previous: -$196M+7.1%
Free Cash Flow

$10.6B

Previous: $550M+1818.5%
Net Income

$10.7B

Previous: $746M+1338.9%
Operating Income

$732M

Previous: $821M-10.8%
Gross Profit

$2B

Previous: $2.27B-12.0%
Cash & Equivalents

$2.13B

Previous: $1.01B+111.5%
Total Assets

$31.8B

Previous: $20B+59.0%
Stock-Based Comp

$135M

Previous: $124M+8.9%

Revenue & EPS history

eBay · Revenue · Quarterly

$2.67B

Q2 2021-6.9%vs Q2 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 is providing the following guidance for continuing operations for Q3 2021. Revenue is expected to be between $2.42 - $2.47 billion. Diluted GAAP EPS is expected to be between $0.64 - $0.68 and Diluted Non-GAAP EPS is expected to be between $0.86 - $0.90.

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 2021

Historical avgQ2 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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