eBay (EBAY) official guidance

We expect our non-GAAP tax rate to remain relatively stable.

For the fourth quarter, we expect consolidated non-GAAP earnings per share between $1.48 and $1.53, which implies year-over-year growth between approximately 5% and 9%.

While we are still in the midst of our annual budgeting process, we are planning our business around healthy, consolidated year-over-year growth across GMV, revenue, non-GAAP operating income, and non-GAAP earnings per share.

For Q4, we expect consolidated GMV between $23.7 billion and $24.1 billion, including Depop, which represents total FXN growth between 12% and 14% year-over-year, or organic growth between approximately 8% and 10%.

While we are still in the midst of our annual budgeting process, we are planning our business around healthy, consolidated year-over-year growth across GMV, revenue, non-GAAP operating income, and non-GAAP earnings per share.

Below the operating income line, we forecast modest headwinds to net interest income on a year-over-year basis, given our lower cash balance and interest rate assumptions.

While we are still in the midst of our annual budgeting process, we are planning our business around healthy, consolidated year-over-year growth across GMV, revenue, non-GAAP operating income, and non-GAAP earnings per share.

We expect consolidated non-GAAP operating income growth to be between 6% and 10% year-over-year in Q4, which implies non-GAAP operating margin between 25.7% and 26.2%.

We expect consolidated non-GAAP operating income growth to be between 6% and 10% year-over-year in Q4, which implies non-GAAP operating margin between 25.7% and 26.2%.

We forecast consolidated revenue to be between $3.19 billion and $3.24 billion in Q4, which represents total FXN growth between 7% and 9% year-over-year, or organic growth between 5% and 7%, with Depop contributing two percentage points to total FXN revenue growth.

While we are still in the midst of our annual budgeting process, we are planning our business around healthy, consolidated year-over-year growth across GMV, revenue, non-GAAP operating income, and non-GAAP earnings per share.

In addition, we continue to target roughly $2 billion of stock repurchases for the full year, and our board declared a quarterly cash dividend of $0.31 per share for the fourth quarter to be paid in December.

(b) Estimated non-GAAP amounts above for the twelve months ending December 31, 2026 reflect adjustments that exclude the estimated amortization of acquired intangible assets of approximately $79-$81 million, estimated stock-based compensation expense and associated employer payroll tax expense of approximately $695-$705 million, estimated restructuring expense of $212-$232 million, and estimated adjustment between our GAAP and non-GAAP tax rate of approximately $(179)-$(184) million.

(a) Estimated non-GAAP amounts above for the three months ending December 31, 2026 reflect adjustments that exclude the estimated amortization of acquired intangible assets of approximately $30-$32 million, estimated stock-based compensation expense and associated employer payroll tax expense of approximately $163-$173 million, estimated restructuring expense of $130-$150 million, and estimated adjustment between our GAAP and non-GAAP tax expense of approximately $(41)-$(47) million.

| Diluted EPS from continuing operations | $4.26 - $4.31 | $6.25 - $6.30 |

| Diluted EPS from continuing operations | $0.82 - $0.87 | $1.48 - $1.53 |

| Diluted EPS from continuing operations | $4.26 - $4.31 | $6.25 - $6.30 |

| Gross Merchandise Volume | $23.7 - $24.1 | $91.5 - $91.9 |

| FX-Neutral Y/Y Growth | 12% - 14% | 14% - 14% |

| FX-Neutral Y/Y Growth | 12% - 14% | 14% - 14% |