Ebay (EBAY) Operating Margin (2009 - 2026)
Ebay (EBAY) posted quarterly Operating Margin of 19.78% for Q1 2026, down 386.0% year-over-year from 6.92% in Q1 2025, and down 2.42% quarter-over-quarter from 20.27% in Q4 2025.
Ebay (EBAY) Operating Margin (2009 - 2026) Analysis & Trends
Ebay (EBAY) has reported Operating Margin for 18 consecutive years, with 19.78% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 386.0% year-over-year to 19.78%; the TTM figure through Mar 2026 stood at 19.58% (down 271.0% YoY), while the FY2025 annual figure was 20.51%, down 203.0% from the prior year.
- Operating Margin eased to 19.78% in Q1 2026 per EBAY's latest filing, from 20.27% in the prior quarter.
- Across five years, Operating Margin topped out at 27.87% in Q1 2022 and bottomed at 16.0% in Q4 2023.
- Historically, Operating Margin has averaged 21.46% across 5 years, with a median of 21.35% in 2024.
- Annual changes were most pronounced in 2023 — Operating Margin sank 651 bps — and 2024, when it jumped 505 bps.
- Ebay's Operating Margin stood at 22.51% in 2022, then slipped by 29 bps to 16.0% in 2023, then jumped by 32 bps to 21.05% in 2024, then fell by 4 bps to 20.27% in 2025, then fell by 2 bps to 19.78% in 2026.
- Business Quant data shows EBAY's Operating Margin at 19.78% in Q1 2026, 20.27% in Q4 2025, and 20.43% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,942.95 Bn | 2,819.97 Bn | 198.88 Bn | 13.43% |
| 2 | PDD Holdings | 508.05 Bn | 448.51 Bn | 9.83 Bn | 22.37% |
| 3 | Mercadolibre | 97.02 Bn | 81.83 Bn | 4.16 Bn | 6.72% |
| 4 | DoorDash | 93.69 Bn | 88.35 Bn | 2.35 Bn | 3.50% |
| 5 | JD.com | 87.61 Bn | 58.43 Bn | 7.66 Bn | 1.21% |
| 6 | Sea | 78.10 Bn | 69.58 Bn | 3.15 Bn | 80.28% |
| 7 | Ebay | 47.48 Bn | 44.17 Bn | 2.30 Bn | 21.57% |
| 8 | Coupang | 29.69 Bn | 23.58 Bn | 2.49 Bn | -6.28% |
| 9 | Zkh | 15.94 Bn | 15.94 Bn | 51.11 Mn | -1.06% |
| 10 | Wayfair | 13.68 Bn | 12.54 Bn | 1.05 Bn | 2.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 21.57% |
| 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% |