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eBay Inc. (NASDAQ:EBAY)

This company has been moved to the archive! The financial data has not been updated since October 24, 2019.

Analysis of Revenues

Microsoft Excel

Revenues as Reported

eBay Inc., income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Net transaction revenues 8,484 7,460 7,044 6,828 15,198
Marketing services and other revenues 2,262 2,107 1,935 1,764 2,761
Elimination of inter-segment net revenues — — — — (57)
Net revenues 10,746 9,567 8,979 8,592 17,902

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).


The overall revenue trajectory exhibits a sharp contraction between 2014 and 2015, followed by a period of consistent annual growth through 2018. Net revenues decreased from $17,902 million in 2014 to $8,592 million in 2015, representing a reduction of approximately 52%, before recovering to $10,746 million by the end of 2018.

Net Transaction Revenues
A substantial decline occurred in 2015, with revenues falling from $15,198 million to $6,828 million. Following this trough, a steady upward trend was established, with values increasing to $7,044 million in 2016, $7,460 million in 2017, and $8,484 million in 2018, marking a gradual recovery of the core revenue stream.
Marketing Services and Other Revenues
This segment mirrored the broader trend, experiencing a significant drop from $2,761 million in 2014 to $1,764 million in 2015. Subsequent years showed consistent growth, ending the period at $2,262 million in 2018, although it remained below 2014 levels.
Revenue Composition and Structural Trends
Net transaction revenues remained the primary driver of total net revenues throughout the analyzed period. The simultaneous and proportional decline across both major revenue streams in 2015 suggests a significant structural shift or the divestiture of a major business unit. From 2016 onwards, the synchronized growth in both categories indicates a stabilized and expanding revenue base.

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