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eBay Inc. FY 2025 10-K, explained in plain English

EBAY ยท 10-K for the period ending December 31, 2025, filed February 19, 2026 ยท Read the original on SEC.gov โ†’

Key financials โ€” as reported

Total revenue$11.1B
Gross margin71.5%
Operating income$2.3B
Net income$2.0B
Diluted EPS$4.34
Cash & equivalents$1.9B
Total assets$17.6B
Long-term debt$6.0B

Key takeaway

eBay reported $11.1 billion in revenue and $2.03 billion in net income for fiscal 2025, with a 71.5% gross margin.

๐Ÿ”’ 4 more takeaways in the full analysis

Beneath the surface

Despite $1.87 billion in cash, eBay's total debt of $6.75 billion (DebtInstrumentCarryingAmount) results in a net debt position of roughly $4.9 billion, or about $2 billion when including $2.89 billion in available-for-sale debt securities, indicating leverage is more moderate than headline cash alone suggests.

๐Ÿ”’ 4 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 8 more findings โ€” plus insider trades, activist stakes, and 8-K events for EBAY.

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