01—Abstract
Summary
Summary of the 10-K/A filed May 30, 2025. Cited figures are marked; the original filing is the authoritative source.
eBay Inc.'s (EBAY) 2025 10-K filing provides a critical overview of its financial performance and strategic positioning.
While the provided excerpt from Item 15 is primarily a list of exhibits and financial statement schedules, it indicates the inclusion of detailed consolidated financial statements and financial statement schedules. Notably, the filing references the inclusion of financial statements for Adevinta, as required by Rule 3-09 of Regulation S-X, provided as Exhibits 99.01 and 99.02. This suggests a significant relationship or transaction involving Adevinta that warrants specific disclosure.
02—Key points
Key Highlights
- The filing includes detailed consolidated financial statements for eBay Inc. for the fiscal year ended. (Implicit from Item 15)
- Financial statement schedules are also part of the filing, offering further granular financial data. (Implicit from Item 15)
- Specific financial statements for Adevinta are included as Exhibits 99.01 and 99.02, indicating a significant operational or financial connection. (Explicit from Item 15)
- The independent auditor's report for Adevinta's financials is provided by Ernst & Young AS (PCAOB ID: 1572). (Explicit from Item 15)
- The filing adheres to SEC regulations by including exhibits required by Item 601 of Regulation S-K, pointing to comprehensive disclosure. (Implicit from Item 15)
- Investors can expect to find detailed information regarding eBay's financial health, operational performance, and strategic relationships through these included statements and exhibits.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2024, eBay Inc kept $0.19.
- Revenue$10.28B100.0%
- Cost of revenue−$2.88B28.0%
- Gross profit$7.40B72.0%
- Operating costs−$5.08B49.5%
- Operating income$2.32B22.5%
- Interest, other & tax−$343.0M3.3%
- Net income$1.98B19.2%
Where FY2024 revenue went
$10.28B- Other operating costs: $3.61B, 35% of revenue
- Cost of revenue: $2.88B, 28% of revenue
- Net income: $1.98B, 19% of revenue
- R&D: $1.48B, 14% of revenue
- Interest, other & tax: $343.0M, 3.3% of revenue
Kept 19% as net income
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2024filed May 30, 2025Financial Statements
FY2024 against FY2023
| Line item | FY2024FY2023 | Change |
|---|---|---|
| Revenue | $10.28B$10.11B | +1.7% |
| Cost of Revenue | $2.88B$2.83B | +1.7% |
| Gross Profit | $7.40B$7.28B | +1.7% |
| R&D Expenses | $1.48B$1.54B | −4.2% |
| Operating Expenses | $5.08B$5.34B | −4.7% |
| Operating Income | $2.32B$1.94B | +19.4% |
| Net Income | $1.98B$2.77B | −28.6% |
| EPS (Basic) | $3.99$5.22 | −23.6% |
| EPS (Diluted) | $3.94$5.19 | −24.1% |
| Shares Outstanding (Basic) | 496.00M530.00M | −6.4% |
| Shares Outstanding (Diluted) | 501.00M533.00M | −6.0% |
05—Questions
Frequently Asked Questions
What is the primary purpose of the information presented in Item 15 of eBay's 10-K filing?
Item 15 of eBay's 10-K filing serves as a comprehensive index and repository for all exhibits and financial statement schedules accompanying the annual report. It lists the consolidated financial statements, any required financial statement schedules, and all other exhibits mandated by SEC regulations, allowing investors to locate specific supporting documents.
Why are Adevinta's financial statements included in eBay's filing?
The inclusion of Adevinta's financial statements, as required by Rule 3-09 of Regulation S-X, suggests that eBay likely has a significant investment in, or a material business relationship with, Adevinta. This rule mandates separate financial statements for significant unconsolidated subsidiaries or affiliated companies, providing investors with a clearer picture of eBay's consolidated financial position and performance when these entities are material.
Where can I find the auditor's report for Adevinta's financial statements?
The auditor's report for Adevinta's financial statements is included within Exhibit 99.02 of eBay's 10-K filing. This exhibit contains the report from Ernst & Young AS (Oslo, Norway), with PCAOB ID: 1572, providing assurance on the fairness of Adevinta's financial presentation.
06—Continue