| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | August 5, 2026 | 4/12 | 1 high, 3 medium flags | 0 | 0 | Call sheet → |
| Q1'26 | April 29, 2026 | 7/12 | 2 medium, 4 low flags | 5 | 1 | Call sheet → |
| Q4'25 | February 18, 2026 | 10/12 | 5 medium, 3 low flags | 6 | 0 | Call sheet → |
| Q3'25 | October 29, 2025 | 9/12 | 3 medium, 4 low flags | 5 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | "AI‑powered card scanning will drive monetizable engagement" Q2 gave higher scan count but no revenue linkage. |
| Q2'26 | Pending | "Our magical listing experience will drive >50% increase in new listing creation rate" Q2 only said rollout is complete, no lift numbers - cannot verify delivery. |
| Q1'26 | Missed | Depop acquisition to close in Q2 2026 Now expected by end of Q3 2026, regulatory approvals taking longer |
| Q1'26 | Exceeded | Full year 2025 GMV growth similar to or slightly better than mid-single digits Delivered nearly 6% growth, above the range |
| Q1'26 | Exceeded | Roll out next generation Magical Listing experience Became default for all new/reactivated U.S. listers, expanding to Germany in April |
| Q1'26 | Delivered | Continue scaling eBay International Shipping after Canada launch Continued to scale in Canada and expanded SpeedPAK to Germany plus 6 other markets |
| Q1'26 | Delivered | Expand Guaranteed Fit to additional markets beyond U.S., U.K., Germany Expanded to Australia in Q1 as promised |
| Q1'26 | Exceeded | EBay Live to be available in 7 countries by end of Q4 2025 Now available in 7 countries with additional launches in France, Italy, Canada in Q1 2026 |
| Q4'25 | Delivered | AI shopping agent moving into core search experience Started rolling out agentic search to US mobile traffic in December |
| Q4'25 | Delivered | Cross-border shipping solutions acceleration Launched EIS in Canada, expanded SpeedPAK to Germany |
| Q4'25 | Delivered | eBay Live expansion to European markets Launched in Germany, Australia, then France, Italy, Canada |
| Q4'25 | Delivered | Focus categories remain core driver with over 15% growth Delivered 16% in Q4, maintained momentum |
| Q4'25 | Exceeded | GMV growth similar to 2025 levels in 2026 Guiding 10-12% for Q1 vs ~6% for 2025 |
| Q4'25 | Delivered | Continue to plan on repurchasing approximately $2.5B shares for full year On track based on quarterly pace |
| Q4'25 | Pending | Expected normalized free cash flow roughly $2.5B for 2025 Waiting for Q4 cash flow details to confirm full year |
| Q3'25 | Delivered | Normalized free cash flow comfortably north of $2 billion Now expecting roughly $2.5B normalized FCF for 2025 |
| Q3'25 | Pending | Share repurchases of approximately $2.5 billion for full year At $1.25B through three quarters, on track for commitment |
| Q3'25 | Delivered | Revenue growth modestly higher than GMV for full year on FX-neutral basis Take rate holding steady with advertising growth offsetting headwinds |
| Q3'25 | Exceeded | GMV tracking towards high end or slightly above low single-digit growth for 2025 Now at 8% growth, well above low single-digit range |
| Q3'25 | Delivered | Reinvest portion of top line upside in strategic initiatives Operating margin down 130bps despite revenue beat, confirming reinvestment |
| Q3'25 | Exceeded | Continue to scale adoption of managed shipping solution for U.K. C2C sellers Achieved majority adoption and made it mandatory for eligible items |
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