EBAY INC Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Numerator: | |||||||||||||||||
Income from continuing operations | $ | 1,996 | $ | 1,981 | $ | 2,775 | |||||||||||
| Income (loss) from discontinued operations, net of income taxes | 35 | (6) | (8) | ||||||||||||||
Net income | $ | 2,031 | $ | 1,975 | $ | 2,767 | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted average shares of common stock - basic | 459 | 496 | 530 | ||||||||||||||
| Dilutive effect of equity incentive awards | 9 | 5 | 3 | ||||||||||||||
| Weighted average shares of common stock - diluted | 468 | 501 | 533 | ||||||||||||||
| Income (loss) per share - basic: | |||||||||||||||||
| Continuing operations | $ | 4.35 | $ | 4.00 | $ | 5.24 | |||||||||||
| Discontinued operations | 0.08 | (0.01) | (0.02) | ||||||||||||||
Net income per share - basic | $ | 4.43 | $ | 3.99 | $ | 5.22 | |||||||||||
| Income (loss) per share - diluted: | |||||||||||||||||
| Continuing operations | $ | 4.26 | $ | 3.95 | $ | 5.21 | |||||||||||
| Discontinued operations | 0.08 | (0.01) | (0.02) | ||||||||||||||
Net income per share - diluted | $ | 4.34 | $ | 3.94 | $ | 5.19 | |||||||||||
Common stock equivalents excluded from income per diluted share because their effect would have been anti-dilutive | 3 | 4 | 20 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2017 | Feb 5, 2018 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.