EBay raised its full-year outlook on Wednesday after reporting second-quarter revenue and earnings that topped analyst expectations, even as its acquisition of fashion resale platform Depop closed at a higher price than originally announced.
The San Jose, California-based company posted second-quarter revenue of $3.13 billion, up 15% year-over-year, and gross merchandise volume of $22.4 billion, also up 15%
Adjusted earnings came in at $1.60 per diluted share. Analysts had expected adjusted earnings of $1.51 per share on revenue of $3.02 billion and GMV of $21.56 billion, according to the Wall Street Journal. EBay’s revised full-year forecast calls for GMV expansion of 11.5% to 12.5% in 2026, a substantial step up from the 7% to 7.5% range the company had previously guided for.
The company also projected full-year adjusted earnings per share growing between 10% and 12% year-over-year. Both the updated GMV and earnings outlooks include the expected impact from Depop, the company said. “Given the strong momentum we are seeing in our business, we are increasing our full-year top- and bottom-line outlook,” Chief Financial Officer Peggy Alford said in a statement. Depop, a peer-to-peer resale platform that courts Gen Z and Millennial shoppers, was officially folded into eBay on July 30.