EBAY · Earnings call · 2026Q2T · Full report

Macroeconomic Factors Impact

EBAY INC · 2026-08-05 · Importance 41 · Surprise 48

Management said international markets continued to face weaker macroeconomic conditions, although focused categories and C2C growth in the double digits helped offset the pressure in the second quarter. Germany was described as having a challenging macro backdrop, with eBay’s category-focused investment shift potentially creating near-term pressure on GMV and buyers. Management’s second-half outlook considered a variety of macro scenarios and incorporated those considerations.

Key facts

• Foreign exchange provided a tailwind of nearly one point to Q2 spot GMV growth and approximately one point tailwind to Q2 spot revenue growth
• Foreign exchange provided approximately one point tailwind to spot revenue growth in Q2