Flagship explainer

How eBay Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$11.1B · 100%Cost of revenue$3.2B · 29%Gross profit$7.9B · 71%Operating income$2.3B · 21%Income before tax$2.3B · 21%Income tax$311M · 3%Net income$2.0B · 18%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$11.1B100%
Cost of revenue$3.2B29%
$7.9B71%
$2.3B21%
Income before tax$2.3B21%
Income tax$311M3%
$2.0B18%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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