Ebay (EBAY) Operating Margin (2009 - 2026)

Ebay's Operating Margin history runs 18 years deep, the most recent figure standing at 19.78% for 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 was 19.78% for Q1 2026 at Ebay, down from 20.27% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 27.87% in Q1 2022 to a low of 16.0% in Q4 2023.
• Historically, Operating Margin has averaged 21.46% across 5 years, with a median of 21.35% in 2024.
• The sharpest annual moves came in 2023 and 2024: Operating Margin slumped 651 bps in 2023, then surged 505 bps in 2024.
• A 5-year view of Operating Margin shows it stood at 22.51% in 2022, then dropped by 29 bps to 16.0% in 2023, then surged by 32 bps to 21.05% in 2024, then retreated by 4 bps to 20.27% in 2025, then retreated 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.