NASDAQ$EBAY

eBay · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

eBay's Q4 2020 earnings exceeded expectations, driven by strong revenue and GMV growth.

eBay Inc. reported strong fourth-quarter results, with revenue up 28% to $2.9 billion and GMV up 21% to $26.6 billion. GAAP EPS was $1.12, and non-GAAP EPS was $0.86. The company also highlighted its investments in product and technology and its support for small businesses.

  • Revenue increased by 28% year-over-year, reaching $2.9 billion.
  • Gross Merchandise Volume (GMV) grew by 21% year-over-year, totaling $26.6 billion.
  • GAAP EPS from continuing operations was $1.12 per diluted share.
  • Non-GAAP EPS from continuing operations was $0.86 per diluted share.

Headline financials

Total Revenue

$2.87B

Previous: $2.82B+1.7%
EPS (adj)

$0.86

Previous: $0.81+6.2%
Active Buyers

185.0M

Previous: 183.0M+1.1%
Total GMV

$26.6B

Previous: $23.3B+14.2%
Capital Expenditures

$168M

Previous: $139M+20.9%
Free Cash Flow

$715M

Previous: $672M+6.4%
Net Income

$781M

Previous: $558M+40.0%
Operating Income

$677M

Previous: $619M+9.4%
Gross Profit

$2.13B

Previous: $2.17B-2.1%
Cash & Equivalents

$1.43B

Previous: $975M+46.5%
Total Assets

$19.3B

Previous: $18.2B+6.3%
Stock-Based Comp

$120M

Previous: $129M-7.0%

Revenue & EPS history

eBay · Revenue · Quarterly

$2.87B

Q4 2020+1.7%vs Q4 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

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

  • Total Advertising
    $366M

Forward guidance

eBay provided guidance for Q1 2021, projecting revenue between $2.94 billion and $2.99 billion and GAAP EPS between $0.81 and $0.86.

Tailwinds

  • Revenue between $2.94 - $2.99 billion
  • Organic FX-Neutral Y/Y Growth 35 - 37%
  • GAAP EPS $0.81 - $0.86
  • Non-GAAP EPS $1.03 - $1.08

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 Q4 2020

Historical avgQ4 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

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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