EBAY · 10-Q · 2026Q2 · Full report

FX / Currency Impact

EBAY INC · 2026-08-06 · Importance 57 · Surprise 64

eBay generates nearly half of its net revenue internationally, with significant exposure to the British pound, euro and other foreign currencies. Foreign currency movements increased net revenue by $22 million in the three months and $100 million in the six months ended June 30, 2026, compared with favorable impacts of $32 million and $11 million, respectively, in the prior-year periods; the six-month change exceeded 10% year over year. The company attributed the 2026 benefit primarily to weakening of the U.S. dollar against the euro and other major currencies, while using hedging programs to mitigate significant volatility linked partly to tariffs, global trade announcements and geopolitical uncertainty.

Key facts

• As of June 30, 2026, net revenues included $1 million of hedging losses for the three months and $14 million of hedging losses for the six months ended June 30, 2026. source
• Foreign currency movements had favorable impacts of $22 million and $100 million on net revenues for the three and six months ended June 30, 2026, respectively. source
• Foreign currency movements had unfavorable impacts of $9 million and $54 million on operating expenses for the three and six months ended June 30, 2026, respectively. source
• Foreign currency movements had unfavorable impacts of $3 million and $20 million on cost of net revenues for the three and six months ended June 30, 2026, respectively, compared to unfavorable impacts of $8 million and $3 million during same periods in 2025. source