NASDAQ$EBAY

eBay · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

eBay's Q3 2021 results exceeded expectations, driven by the managed payments migration, advertising portfolio expansion, and volume growth in focus categories.

eBay Inc. reported better-than-expected Q3 2021 results, with revenue of $2.5 billion, up 11% year-over-year, and GAAP EPS of $0.43 and Non-GAAP EPS of $0.90. The company returned $2.4 billion to shareholders, including $2.3 billion in share repurchases and $116 million in cash dividends.

  • Revenue was $2.5 billion, up 11% year-over-year.
  • Gross Merchandise Volume (GMV) was $19.5 billion, down 10% year-over-year.
  • GAAP net income from continuing operations was $283 million, or $0.43 per diluted share.
  • Non-GAAP net income from continuing operations was $591 million, or $0.90 per diluted share.

Headline financials

Total Revenue

$2.5B

Previous: $2.61B-4.0%
EPS (adj)

$0.90

Previous: $0.85+5.9%
Active Buyers

154.0M

Previous: 183.0M-15.8%
Total GMV

$19.5B

Previous: $25B-22.0%
Capital Expenditures

-$341M

Previous: -$326M-4.6%
Free Cash Flow

-$77M

Previous: $338M-122.8%
Net Income

$264M

Previous: $664M-60.2%
Operating Income

$662M

Previous: $679M-2.5%
Gross Profit

$1.82B

Previous: $1.95B-6.5%
Cash & Equivalents

$1.24B

Previous: $963M+29.2%
Total Assets

$29.3B

Previous: $18.4B+58.8%
Stock-Based Comp

$127M

Previous: $95M+33.7%

Revenue & EPS history

eBay · Revenue · Quarterly

$2.5B

Q3 2021-4%vs Q3 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 Q4 2021: Revenue between $2.57 - $2.62 billion and Diluted GAAP EPS between $0.72 - $0.76 and Diluted Non-GAAP EPS between $0.97 - $1.01.

Tailwinds

  • Revenue between $2.57 - $2.62 billion
  • Organic FX-Neutral Y/Y Growth 3 - 5%
  • Diluted GAAP EPS $0.72 - $0.76
  • Diluted Non-GAAP EPS $0.97 - $1.01

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 Q3 2021

Historical avgQ3 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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