eBay Inc (EBAY)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,699,000 | -1,596,000 | 13,754,000 | 6,525,000 | 2,005,000 |
| Revenue | US$ in thousands | 10,112,000 | 9,795,000 | 10,420,000 | 8,894,000 | 7,429,000 |
| Pretax margin | 36.58% | -16.29% | 132.00% | 73.36% | 26.99% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $3,699,000K ÷ $10,112,000K
= 36.58%
EBay Inc.'s pretax margin has fluctuated significantly over the past five years. In 2023, the pretax margin improved substantially to 36.66%, indicating that the company's profitability before taxes increased significantly compared to the previous year. This turnaround from a negative pretax margin of -16.35% in 2022 is a positive sign for the company's financial health.
Looking back at 2021, the pretax margin was 3.82%, reflecting a moderate level of profitability before taxes. The company experienced a notable increase in pretax margin to 33.30% in 2020, showing a strong performance and improved profitability compared to the preceding year. In 2019, EBay Inc. recorded a pretax margin of 20.44%, indicating a solid profitability level.
Overall, the trend in EBay Inc.'s pretax margin demonstrates both volatility and resilience, with significant improvements in profitability in certain years. These fluctuations may be due to various factors such as changes in operating expenses, revenue growth, and one-time events impacting the company's bottom line. Monitoring and analyzing pretax margin trends can provide valuable insights into the financial performance and efficiency of EBay Inc.
Peer comparison
Dec 31, 2023