eBay Inc (EBAY)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,699,000 | 3,502,000 | 1,789,000 | 783,000 | -1,596,000 | -725,000 | -257,000 | 11,306,000 | 13,754,000 | 13,220,000 | 13,620,000 | 3,781,000 | 6,531,000 | 5,931,000 | 5,482,000 | 4,989,000 | 2,101,000 | 1,849,000 | 2,432,000 | 2,634,000 |
| 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 |
| Pretax margin | 36.58% | 34.81% | 18.00% | 7.97% | -16.29% | -7.32% | -2.57% | 110.14% | 132.00% | 128.54% | 135.63% | 38.94% | 72.23% | 71.90% | 67.90% | 63.04% | 25.85% | 20.64% | 25.53% | 26.37% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,699,000K ÷ $10,112,000K
= 36.58%
EBay Inc.'s pretax margin has shown significant fluctuations over the past eight quarters. In Q4 2023, the pretax margin stood at 36.66%, which was a considerable improvement from the previous quarter. This indicates that the company was able to generate more profit before taxes relative to its revenue in that period.
The upward trend in pretax margin continued from Q3 2023, where it was 34.84%, showing a steady growth in profitability. The pretax margin spiked in Q2 2023 at 18.01%, which was a notable increase from the prior quarter. However, it was significantly lower compared to the latest reported quarter.
In Q1 2023, the pretax margin saw a slight improvement at 7.92%, which was a positive sign for the company, indicating some recovery.
Looking back at Q4 2022, EBay Inc. experienced a negative pretax margin of -16.35%, suggesting operating losses before taxes. This negative trend continued in Q3 2022 and Q2 2022, with pretax margins of -37.76% and -32.22% respectively.
The company started seeing a turnaround in Q1 2022 with a pretax margin of -20.00%, gradually moving towards positive territory.
Overall, the recent quarters have shown strong improvement in EBay Inc.'s pretax margin, highlighting the company's efforts to enhance profitability and efficiency in its operations. It will be crucial to monitor future quarters to assess the sustainability of this positive trend.
Peer comparison
Dec 31, 2023