eBay reports strong third quarter 2026 results as GMV reaches $23.2B following Depop acquisition

eBay delivered a significant performance beat in the third quarter of 2026, driven by the strategic integration of Depop and continued expansion in focus categories. Revenue grew 14% year-over-year to $3.2 billion, while Gross Merchandise Volume (GMV) reached $23.2 billion, far exceeding analyst expectations.

Key Highlights

• Gross Merchandise Volume (GMV) rose 15% year-over-year to $23.2 billion, significantly outperforming the $18.4 billion estimate.
• Active buyers expanded 10% to 147 million, though organic growth (excluding Depop and Tise) was more modest at 1%.
• First-party advertising products remained a high-growth engine, with revenue increasing 16% to $575 million.
• The company returned $827 million to shareholders through $689 million in share repurchases and $138 million in dividends.