eBay connects millions of buyers and sellers across the globe. Credit: JHVEPhoto/Shutterstock.

E-commerce marketplace eBay has announced revenue of $2.57bn in the second quarter (Q2) of the fiscal year 2024 (FY24), up 1% on an as-reported basis and up 2% on a foreign exchange (FX) neutral basis compared to $2.54bn in the same period in fiscal 2023. 

The company’s GAAP [generally accepted accounting principles] net income from continuing operations saw a significant jump to $226m, a 31% increase from the $172m reported in the same quarter of the previous year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Its GAAP earnings per diluted share (EPS) also rose to $0.45 in Q2 FY24, up by 39% from $0.32 in Q2 FY23. 

eBay’s operating margin improved to 21.3%, a slight increase from 20.4% in the corresponding period of 2023.  

The marketplace also posted gross merchandise volume (GMV) of $18.4bn over the quarter, up by 1% on both an as-reported and FX [foreign exchange]-neutral basis from the previous year. 

See Also:

During the quarter, eBay completed the sale of Adevinta shares, which resulted in a $2.4bn cash influx and shares in Aurelia valued at $1.9bn.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

eBay CEO Jamie Iannone said: “eBay’s strong Q2 results mark another step toward achieving sustainable, long-term growth. The continued momentum in focus categories contributed to our increase in GMV, while new AI capabilities are driving innovation across the platform and transforming the experience for eBay customers around the world.” 

Looking ahead to Q3 FY24, eBay anticipates revenue to be in the range of $2.50bn to $2.56bn, representing a 1% to 3% increase on an FX-neutral Y/Y basis.  

The company also expects GAAP diluted EPS to be between $0.82 and $0.87.  

In May, eBay launched a “resell on eBay” feature aimed at simplifying the listing process for clothing resale.