Ebay (EBAY) Operating Margin (2009 - 2026)
Ebay's quarterly Operating Margin came in at 19.78% in Q1 2026, down 386.0% year-on-year from 6.92% in Q1 2025, and down 2.42% quarter-over-quarter from 20.27% in Q4 2025.
Ebay has reported Operating Margin for 18 years, with the latest figure at 19.78% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 386.0% year-over-year to 19.78%; the trailing twelve-month figure through Mar 2026 stood at 19.58% (down 271.0% YoY), and the FY2025 full-year result was 20.51%, down 203.0% from the prior year.
- Operating Margin for Q1 2026 stood at 19.78%, down from 20.27% in the prior quarter.
- The five-year high for Operating Margin was 27.87% in Q1 2022, with the low at 16.0% in Q4 2023.
- Average Operating Margin over 5 years is 21.46%, with a median of 21.35% recorded in 2024.
- Year-over-year, Operating Margin slumped 651 bps in 2023 and jumped 505 bps in 2024.
- Tracing EBAY's Operating Margin over 5 years: stood at 22.51% in 2022, then declined by 29 bps to 16.0% in 2023, then soared by 32 bps to 21.05% in 2024, then decreased by 4 bps to 20.27% in 2025, then decreased by 2 bps to 19.78% in 2026.
- The last three Operating Margin figures came in at 19.78% (Q1 2026), 20.27% (Q4 2025), and 20.43% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,861.08 Bn | 2,717.99 Bn | 171.21 Bn | 13.14% |
| 2 | Alibaba Group Holding | 348.49 Bn | 315.38 Bn | 12.18 Bn | -0.35% |
| 3 | Mercadolibre | 84.38 Bn | 78.73 Bn | 3.86 Bn | 6.91% |
| 4 | DoorDash | 69.78 Bn | 64.91 Bn | 2.04 Bn | 3.74% |
| 5 | Ebay | 51.86 Bn | 48.00 Bn | 2.29 Bn | 19.78% |
| 6 | Coupang | 29.42 Bn | 29.33 Bn | 2.30 Bn | -2.85% |
| 7 | Maplebear | 9.86 Bn | 9.17 Bn | 738.00 Mn | 17.86% |
| 8 | Wayfair | 8.79 Bn | 7.72 Bn | 880.00 Mn | -0.38% |
| 9 | Chewy | 8.58 Bn | 7.71 Bn | 959.70 Mn | 1.30% |
| 10 | Etsy | 6.00 Bn | 4.58 Bn | 455.60 Mn | 18.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.78% |
| Dec 31, 2025 | 20.27% |
| Sep 30, 2025 | 20.43% |
| Jun 30, 2025 | 17.73% |
| Mar 31, 2025 | 23.64% |
| Dec 31, 2024 | 21.05% |
| Sep 30, 2024 | 23.10% |
| Jun 30, 2024 | 21.35% |
| Mar 31, 2024 | 24.69% |
| Dec 31, 2023 | 16.00% |
| Sep 30, 2023 | 18.20% |
| Jun 30, 2023 | 20.39% |
| Mar 31, 2023 | 22.23% |
| Dec 31, 2022 | 22.51% |
| Sep 30, 2022 | 23.87% |
| Jun 30, 2022 | 21.68% |
| Mar 31, 2022 | 27.87% |
| Dec 31, 2021 | 26.33% |
| Sep 30, 2021 | 26.47% |
| Jun 30, 2021 | 27.44% |
| Mar 31, 2021 | 31.88% |
| Dec 31, 2020 | 26.67% |
| Sep 30, 2020 | 29.32% |
| Jun 30, 2020 | 32.69% |
| Mar 31, 2020 | 31.03% |
| Dec 31, 2019 | 17.31% |
| Sep 30, 2019 | 19.59% |
| Jun 30, 2019 | 25.88% |
| Mar 31, 2019 | 27.44% |
| Dec 31, 2018 | 7.33% |
| Sep 30, 2018 | 20.99% |
| Jun 30, 2018 | 15.38% |
| Mar 31, 2018 | 22.44% |
| Dec 31, 2017 | 24.49% |
| Sep 30, 2017 | 22.98% |
| Jun 30, 2017 | 19.84% |
| Mar 31, 2017 | 23.75% |
| Dec 31, 2016 | 26.64% |
| Sep 30, 2016 | 24.45% |
| Jun 30, 2016 | 23.81% |
| Mar 31, 2016 | 28.73% |
| Dec 31, 2015 | 28.51% |
| Sep 30, 2015 | 27.54% |
| Jun 30, 2015 | 20.28% |
| Mar 31, 2015 | 25.67% |
| Dec 31, 2014 | 31.47% |
| Sep 30, 2014 | 27.72% |
| Jun 30, 2014 | 39.39% |
| Mar 31, 2014 | 40.86% |
| Dec 31, 2013 | 2.32% |
| Sep 30, 2013 | 20.53% |
| Jun 30, 2013 | 19.34% |
| Mar 31, 2013 | 21.34% |
| Dec 31, 2012 | 21.87% |
| Sep 30, 2012 | 19.59% |
| Jun 30, 2012 | 20.45% |
| Mar 31, 2012 | 19.93% |
| Dec 31, 2011 | 22.28% |
| Sep 30, 2011 | 18.11% |
| Jun 30, 2011 | 18.80% |
| Mar 31, 2011 | 22.19% |
| Dec 31, 2010 | 23.67% |
| Sep 30, 2010 | 21.79% |
| Jun 30, 2010 | 21.87% |
| Mar 31, 2010 | 22.25% |
| Dec 31, 2009 | 7.57% |
| Sep 30, 2009 | 19.79% |
| Jun 30, 2009 | 19.62% |
| Mar 31, 2009 | 20.92% |