eBay Inc (NASDAQ:EBAY) reported financial results for the fourth quarter on Wednesday after the bell. Here’s a look at the key details from the print.

eBay Exceeds Estimates, Issues Strong Guidance

• Q4 Revenue: $2.97 billion, versus estimates of $2.89 billion

• Q4 Adjusted EPS: $1.41, versus estimates of $1.35

EBay shares were up 8% in after-hours.

Total revenue climbed 15% year-over-year as gross merchandise volume increased 10% to $21.2 billion. The company said it generated $595 million of operating cash flow and $478 million of free cash flow from continuing operations in the quarter.

eBay had $4.8 billion in total cash, cash equivalents and non-equity investments as of Dec. 31, 2025.

“We have built significant momentum across our strategic priorities, delivering meaningful growth and reinforcing our leadership in recommerce. As we continue to harness AI to elevate the customer experience worldwide, eBay is in the strongest position it has been in years,” said Jamie Iannone, CEO at eBay.

eBay expects first-quarter revenue to be in the range of $3 billion to $3.05 billion versus estimates of $2.79 billion, according to Benzinga Pro. The company sees first-quarter adjusted earnings of $1.53 to $1.59 per share versus estimates of $1.48 per share.

eBay Acquires Depop From Etsy

In connection with earnings, eBay announced that it entered into a definitive agreement with Etsy Inc (NYSE:ETSY) to acquire fashion marketplace Depop.

eBay intends to fund the transaction with cash on hand. The transaction is expected to close in the second quarter of 2026.

“Depop has built a trusted, social-forward marketplace with strong momentum in the pre-loved fashion category, and we are confident that as part of eBay, Depop will be even more well-positioned for long-term growth, benefiting from our scale, complementary offerings, and operational capabilities,” Ianonne said.