Shares of eBay Inc. (NASDAQ: EBAY) are about 3.8% the day after the company delivered a strong Q4 2025 earnings report. On one level, the report makes sense. The company is a pure-play on consumer spending, which has remained resilient despite conflicting macroeconomic data. Plus, eBay fits into that “discount” category of retail stocks that has performed solidly in a volatile market.
As for the report itself, there was a lot for investors to like. Revenue of $2.97 billion exceeded expectations of $2.87 billion. A key metric, gross merchandise volume (GMV), climbed to $21.2 billion. That was up almost 6% globally and nearly 10% in the United States. This suggests the platform is expanding and attracting more customers.
