EBay outlines 10–12% GMV growth target for Q1 2026 while advancing C2C strategy through Depop acquisition

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• Depop acquisition is a natural strategic and cultural fit that strengthens eBay's C2C value proposition

  80% confidence

• eBay Live is a natural extension of the marketplace contributing to double-digit growth in focus categories

  80% confidence

• Depop is a great strategic fit for eBay given its younger demographic and synergy with the C2C and fashion segments

  80% confidence

• A significant amount of the acceleration from Q4 to Q1 was related to bullion and collectible uptick, but confidence remains in the durability of core growth

  80% confidence

• Losses were primarily attributable to recently launched shipping programs, which significantly improved the seller and buyer experience, though they are expected to decline over time

  80% confidence

• The underlying health of the business is the strongest it's been since I've joined the company 6 years ago

  80% confidence

• GMV grew over 8% to $21.2 billion, revenue grew over 13% to $2.96 billion, non-GAAP operating income grew over 11% to $775 million, non-GAAP EPS grew nearly 13% to $1.41, and returned $756 million to shareholders

  80% confidence

• We finished 2025 with incredible momentum as we delivered Q4 results that meaningfully exceeded our expectations

  80% confidence

• Depop acquisition projected to be a low single-digit headwind to 2026 operating income and non-GAAP EPS growth, with long-term accretion expected by 2028

  80% confidence

• Years of investment are paying off, with broad-based growth momentum carrying through to 2026

  80% confidence

• Focus categories, C2C, and recommerce comprised 2/3 of eBay's business and generated roughly $50 billion in unique GMV with approximately 10% growth

  80% confidence

• The strength in GMV is broad-based, not solely attributable to bullion and coins

  80% confidence

• We continue to see a long runway for secular growth in trading cards

  80% confidence

• We expect non-GAAP operating income growth between 8% and 10% year-over-year in 2026

  80% confidence

• Q1 2026 GMV expected between $21.5 billion and $21.9 billion, representing 10-12% FX-neutral growth

  80% confidence

• Focus category rollout internationally has been performing well, though macro conditions in Europe remain challenging

  80% confidence

• Depop acquisition expected to contribute 1 to 2 percentage points to total FX-neutral GMV growth year-over-year, assuming deal closes in Q2

  80% confidence