EBAY · Earnings call · 2026Q2T · Full report
Liquidity and Cash Position
EBAY INC · 2026-08-05 · Importance 58 · Surprise 42 · In source text
eBay generated $326 million of free cash flow in Q2 and ended the period with $4.9 billion of cash and fixed-income investments. Gross debt was $6.7 billion, while equity investments and warrants were valued at approximately $780 million. The $1.4 billion Depop cash acquisition reduced cash balances and is expected to lower interest income and pressure the net-interest-and-other line year over year. Management expects the cash impact and higher interest expense to be partly offset by the benefit of share repurchases.
Key facts
- Full year capital expenditures forecast between 4% and 5% of revenue
- Cash and fixed income investments at end of period: $4.9 billion; gross debt: $6.7 billion; equity investments and warrants valued at roughly $780 million
- Free cash flow generated in Q2: $326 million
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | — | Full year capital expenditures forecast between 4% and 5% of revenue |
| assets | positive | committed | — | Full year capital expenditures forecast between 4% and 5% of revenue |
| cash | positive | realized | — | Free cash flow generated in Q2: $326 million |