EBAY · 10-Q · 2026Q2 · Full report

Operating Margin Drivers

EBAY INC · 2026-08-06 · Importance 41 · Surprise 48

Operating margin increased to 21.6% for the three months ended June 30, 2026, from 17.6% in the comparable 2025 period. Cost of net revenues increased primarily from $44 million of higher payment processing costs, $20 million of promoted offsite advertising costs and $16 million of data center and site operations costs in the quarter. Six-month cost of net revenues increased due to $82 million of higher payment processing costs, $36 million of promoted offsite advertising costs, $28 million of data center and site operations costs and $20 million of unfavorable foreign-currency impact. Revenue growth outpaced the increase in total operating expenses, which reached $1.626 billion for the quarter and $3.302 billion for the six-month period.

Key facts