eBay Inc (EBAY)
Operating profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,941,000 | 2,096,000 | 2,209,000 | 2,216,000 | 2,350,000 | 2,473,000 | 2,567,000 | 2,774,000 | 2,923,000 | 2,896,000 | 2,896,000 | 2,928,000 | 2,652,000 | 2,378,000 | 2,124,000 | 1,918,000 | 1,946,000 | 1,770,000 | 1,918,000 | 1,766,000 |
| Revenue (ttm) | US$ in thousands | 10,112,000 | 10,060,000 | 9,940,000 | 9,822,000 | 9,795,000 | 9,898,000 | 10,019,000 | 10,265,000 | 10,420,000 | 10,285,000 | 10,042,000 | 9,711,000 | 9,042,000 | 8,249,000 | 8,074,000 | 7,914,000 | 8,127,000 | 8,960,000 | 9,526,000 | 9,989,000 |
| Operating profit margin | 19.20% | 20.83% | 22.22% | 22.56% | 23.99% | 24.98% | 25.62% | 27.02% | 28.05% | 28.16% | 28.84% | 30.15% | 29.33% | 28.83% | 26.31% | 24.24% | 23.94% | 19.75% | 20.13% | 17.68% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,941,000K ÷ $10,112,000K
= 19.20%
The operating profit margin of EBay Inc. exhibited fluctuations over the past eight quarters. In Q3 2023, the margin reached 23.85%, showing a significant improvement from the previous quarter's margin of 19.20%. This increase indicates that EBay was able to generate more profit from its core operations relative to its revenue during the period.
In contrast, the operating profit margin in Q2 2023 slightly decreased to 19.31% from the previous quarter, highlighting a potential challenge in maintaining the higher profitability achieved in Q3 2023. Furthermore, in Q1 2023, the margin dropped to 9.36%, reflecting a notable decline compared to the preceding quarters.
The significant change in performance is evident when comparing the latest results with the same quarter in the previous year. In Q4 2022, EBay reported a negative operating profit margin of -14.66%, indicating that the company experienced challenges in generating profits from its operations during that period. However, the sequential improvement in the following quarters demonstrates EBay's efforts to enhance its operational efficiency and profitability.
Overall, while EBay's operating profit margin has shown volatility in recent quarters, the company's ability to improve profitability in Q3 2023 is a positive sign. Maintaining and further enhancing this trend will be crucial for EBay's financial performance in the coming quarters.
Peer comparison
Dec 31, 2023