EBAY · 10-Q · 2026Q2 · Full report
Liquidity and Debt Position
EBAY INC · 2026-08-06 · Importance 69 · Surprise 50 · No source text
Cash, cash equivalents and short- and long-term non-equity investments totaled $4.9 billion at June 30, 2026, compared with $4.8 billion at December 31, 2025. Customer funds held on behalf of marketplace users totaled $1.2 billion and restricted cash totaled $157 million at June 30, 2026. eBay repaid $750 million of 1.400% senior notes due 2026 and issued $750 million of commercial paper during the six months; outstanding fixed-rate senior notes totaled $6.0 billion, including $850 million due within 12 months. Commercial paper outstanding was $750 million at a weighted-average interest rate of 4.12%, leaving $1.3 billion available under the $2.0 billion revolving credit facility.
Key facts
- Repaid $750 million aggregate principal amount of 1.400% senior notes due 2026 on the date of maturity and issued $750 million aggregate principal amount of commercial paper notes. source
- Commercial paper program limit up to $1.5 billion outstanding at any time with maturities up to 397 days; as of June 30, 2026 had $750 million outstanding with weighted average interest rate of 4.12% per annum and weighted average remaining term of 76 days. source
- Credit agreement maturing January 2029 provides unsecured $2.0 billion five-year revolving credit facility, with option to increase commitments by up to $1.0 billion; as of June 30, 2026, $1.3 billion borrowing capacity was available for other purposes given $750 million commercial paper outstanding. source
- In November 2025, issued $1.0 billion aggregate principal amount of senior notes consisting of $600 million 4.250% fixed rate notes due 2029 and $400 million 5.125% fixed rate notes due 2035. source
- During the six months ended June 30, 2026, issued $750 million aggregate principal amount of commercial paper notes with original maturities greater than 90 days. source
- As of June 30, 2026, eBay had fixed-rate senior notes outstanding with aggregate principal amount of $6.0 billion, with $850 million payable within 12 months. source
- In May 2026, repaid $750 million aggregate principal amount of previously outstanding 1.400% senior notes due 2026 on the date of maturity; cash paid classified as financing activity. source
- In October 2025, redeemed $425 million aggregate principal amount of previously outstanding 5.900% senior notes due in November 2025; total cash consideration paid was $425 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +8.5% | Net cash provided by continuing operating activities for the six months ended June 30, 2026: $1,519 million; cash provided by continuing… |
| liability | negative | realized | -4.2% | Repaid $750 million aggregate principal amount of 1.400% senior notes due 2026 on the date of maturity and issued $750 million aggregate… |
| cash | negative | realized | -4.2% | Repaid $750 million aggregate principal amount of 1.400% senior notes due 2026 on the date of maturity and issued $750 million aggregate… |
| liability | positive | realized | +4.2% | Repaid $750 million aggregate principal amount of 1.400% senior notes due 2026 on the date of maturity and issued $750 million aggregate… |
| cash | positive | realized | +4.1% | Repaid $750 million aggregate principal amount of 1.400% senior notes due 2026 on the date of maturity and issued $750 million aggregate… |
| liability | negative | realized | -1.1% | Cash held on behalf of customers related to marketplace activity was $1.2 billion as of June 30, 2026 and $1.0 billion as of December 31,… |
| cash | positive | realized | +1.1% | Cash provided by continuing investing activities of $199 million for the six months ended June 30, 2026 was primarily attributable to… |
| cash | positive | realized | +0.6% | As of June 30, 2026 and December 31, 2025, cash and cash equivalents plus short-term and long-term non-equity investments aggregated $4.9… |
| liability | negative | realized | — | As of June 30, 2026, eBay had fixed-rate senior notes outstanding with aggregate principal amount of $6.0 billion, with $850 million… |