eBay Q1 EPS Beats, GMV Up 18%

eBay reported Q1 2026 adjusted EPS $1.66, beating consensus $1.58, revenue $3.1B up 19% YoY.
Gross merchandise volume reached $22.2B, up 18% YoY (14% FX‑neutral), driven by Focus Categories, C2C and recommerce initiatives.
eBay generated $970M operating cash flow, returned $639M to shareholders via $500M share buybacks and $139M dividends.
Guidance for Q2 2026: adjusted EPS $1.46‑$1.51 (midpoint $1.485) vs consensus $1.50; revenue $2.97‑$3.03B (midpoint $3.0B) beating $2.96B estimate.