EBAY · 10-Q · 2026Q3 · Full report

Macroeconomic Factors Impact

EBAY INC · 2026-10-29 · Importance 20 · Surprise 24

eBay said continued challenging macroeconomic conditions across certain international markets partially offset GMV growth for the three and nine months ended September 30, 2026. The company also identified improved U.S. consumer demand as a driver of GMV growth during those periods. Its liquidity discussion cited geopolitical events, inflationary pressure, elevated interest rates, and uncertainty about global tariffs and trade policies as sources of disruption to U.S. and international markets that could increase borrowing and capital costs.

Key facts

• eBay’s GMV increases were partly offset by continued challenging macroeconomic conditions in certain international markets. source
• eBay expects Marketplace volume to follow general consumer buying patterns, and expects seasonal net revenue trends to be influenced by macroeconomic conditions, tariffs and global trade policies, foreign exchange fluctuations, new and updated products and initiatives, and competition. source
• eBay states that geopolitical events, inflation, foreign exchange volatility, elevated interest rates and uncertainty around tariffs and trade policies may increase borrowing and capital costs and adversely affect its business, results, financial condition and liquidity. source