EBay Inc. stock jumped following the company’s upbeat sales forecast, which surpassed analyst expectations and reflected ongoing consumer resilience amid evolving U.S. tariff policies.
The company projects revenue between $2.69 billion and $2.74 billion for the quarter ending in September, with adjusted earnings per share of $1.29 to $1.34. Analysts had anticipated $2.65 billion in sales and $1.31 in earnings per share, according to Bloomberg data.
Investors have been closely watching how consumers respond to President Donald Trump’s trade war, which has the potential to drive inflation higher. EBay has benefited from increased sales of used and refurbished items, as shoppers seek value amid economic uncertainty.
CEO Jamie Iannone noted in an interview that U.S. consumer purchasing power has remained strong across multiple product categories, offsetting weaker demand in European markets such as the UK and Germany. Additionally, Chinese sellers affected by the closure of the U.S. de minimis tariff exemption have successfully shifted to other European markets.
“We’re not immune to tariffs, but our platform is more resilient,” Iannone said.
Jamie Iannone said in an interview following the earnings report that the company is “well suited” to navigate any further uncertainty generated by Trump’s tariff policies or changes to de minimis.
“When we look at what happened, for example, when de minimis was eliminated in China, it did have a deceleration in direct shipments, but a lot of the sellers started making their products available to buyers in other countries like the U.K. and Germany,” Iannone said.
He added that the company “forward deployed” about 75% of its inventory from China into the U.S. before the changes to de minimis policies.
“We feel comfortable with the guidance that we put out there,” Iannone said.
EBay shares climbed as much as 18% to $91.15 at market open, reaching an all-time high.
For the second quarter, adjusted earnings per share were $1.37, beating the average estimate of $1.30. Revenue rose 6% to $2.73 billion, exceeding forecasts of $2.64 billion.
Gross merchandise volume—the total value of goods sold on the platform—increased 6% to $19.5 billion, surpassing the average estimate of $18.9 billion. The company reported 134 million active buyers as of June 30, matching expectations.
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