EBAY · 10-Q · 2026Q3 · Full report

Liquidity and Debt Position

EBAY INC · 2026-10-29 · Importance 64 · Surprise 56 · From source text

Cash, cash equivalents, and short- and long-term non-equity investments totaled $3.3 billion at September 30, 2026, down from $4.8 billion at December 31, 2025; customer funds of $1.3 billion and restricted cash of $180 million were excluded. eBay had $6.0 billion of fixed-rate senior notes outstanding, including $850 million payable within 12 months, and $750 million of commercial paper outstanding at a 4.17% weighted-average rate. The $2.0 billion revolving credit facility had $1.3 billion of borrowing capacity available after accounting for commercial paper. The company stated that cash and investments, operating cash generation, available borrowing capacity, and capital-market access were expected to cover material cash needs over the next 12 months and foreseeable future.

Key facts

• eBay’s credit agreement matures in January 2029 and provides an unsecured $2.0 billion five-year revolving credit facility, with an option to increase commitments by up to $1.0 billion subject to lender agreement. source
• eBay used $1.865 billion of cash in continuing financing activities in the nine months ended September 30, 2026, compared with $2.838 billion in the same period of 2025. source
• eBay had cash, cash equivalents and short- and long-term non-equity investments totaling $3.3 billion as of September 30, 2026, compared with $4.8 billion as of December 31, 2025. source
• eBay issued $1.0 billion of senior notes in November 2025: $600 million of 4.250% fixed-rate notes due 2029 and $400 million of 5.125% fixed-rate notes due 2035. source
• eBay held customer-related cash of $1.3 billion as of September 30, 2026 and $1.0 billion as of December 31, 2025, excluded from its stated cash and investments totals. source
• eBay’s continuing financing cash use in the nine months ended September 30, 2026 included $1.5 billion in stock repurchases, repayment of $750 million of 1.400% senior notes due 2026, and $415 million in cash dividends, partly offset by $1.2 billion from commercial paper issuance. source
• eBay had $6.0 billion aggregate principal amount of fixed-rate senior notes outstanding as of September 30, 2026, with $850 million payable within 12 months. source
• eBay redeemed $425 million of its 5.900% senior notes due November 2025 in October 2025 for cash consideration equal to 100% of principal, plus accrued and unpaid interest. source

Impact estimates