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eBay
EBAY · NASDAQInternet Retail / Marketplace
The economic chain
Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Inputs &suppliersfarms, factories, ingredi…Sourcing &enablerstraders, cloud, payments,…Brands &platformsthe hub that sellsDistribution &retaillogistics, stores, channe…Consumerswho actually paysSELSellers & merchantsFACFactories & wholesalersADYAdyenPAYCard networks & walletsLOGLogistics & carriersGOOGGoogleEBAYeBayTCGTCGplayerGLDGoldinDEPDepopADSPromoted ListingsSHPShipping & fulfilmentYOUBuyersMERSellers as customers
Company details
Market cap
$48.5B
P/E ratio
24.5×
Div yield
1.1%
EPS (2025)
$4.26
GMV (FY2025)
$79.6B
GMV growth
+7%
Revenue (FY2025)
~$11.1B
Active buyers
134M
In plain English
eBay runs an asset-light global marketplace: it doesn't own the inventory, it connects ~134 million buyers with millions of sellers and takes a cut of every sale, plus a fast-growing slice of advertising. Since spinning off PayPal and selling StubHub and its Classifieds business, it has leaned into 'focus categories' — collectibles, trading cards, auto parts, refurbished electronics and second-hand fashion — buying TCGplayer, Goldin and (pending) Depop to own those niches. FY2025 GMV was ~$80B on ~$11B of revenue.
In simple terms
What eBay really sells
eBay runs an asset-light global marketplace: it doesn't own the inventory, it connects ~134 million buyers with millions of sellers and takes a cut of every sale, plus a fast-growing slice of advertising. Since spinning off PayPal and selling StubHub and its Classifieds business, it has leaned into 'focus categories' — collectibles, trading cards, auto parts, refurbished electronics and second-hand fashion — buying TCGplayer, Goldin and (pending) Depop to own those niches. FY2025 GMV was ~$80B on ~$11B of revenue.
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Risk read
Moderate
SteadierMore speculative
Why this rating?