eBay Inc. management check
EBAY · Consumer Discretionary · Broadline Retail · CEO Jamie Iannone
Filings as of
3 good · 3 to watch · 1 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $189, against $258 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.90 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.4% of net income$28.5m of reported pay in fiscal 2025, against $2.0bn of net income.
- Watch
Do they own the stock?
CEO stake ≈ 0.9 years of payThe CEO holds 236,234 shares, directly or through trusts (unvested awards not counted): about 0.9 years of pay. Light activity: no buys, $30.2m sold in six months. 60 of 62 sales ran on pre-arranged 10b5-1 plans.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -6.3% a year over the last three fiscal years. Stock-based pay was 5.5% of revenue in the latest year.
- Good
Is leadership stable?
6 leadership filings in 3 yearsCEO in the pay table: Mr. Iannone. 6 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Watch
Are the books clean?
An annual report was amendedNo restatements, auditor changes or late filings since 2021. 4 amended annual reports.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Discretionary.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 17 | 70 | |
| Pay for performance | 95 | 79 | |
| CEO cost | 38 | 44 | |
| Skin in the game | 32 | 36 | |
| Dilution | 100 | 74 | |
| Stable leadership | 95 | 80 | |
| Clean books | 70 | 100 |
Closest peers
Others in Broadline Retail, by management score. eBay Inc. is 29th of 47 in its sector.
- 90AMZNAmazon77
- 220AZOAutoZone67
- 223MCDMcDonald's66
- 258EBAYeBay Inc.64
- 266WYNNWynn Resorts64
- 292ROSTRoss Stores62
Pay versus performance
From the proxy statement filed April 30, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Iannone | $28.5m | $74.4m | $11.5m | $189 | $258 | $2.0bn |
| 2024 | — | $20.3m | $49.1m | $7.2m | $133 | $208 | $2.0bn |
| 2023 | — | $21.6m | $24.8m | $7.7m | $92 | $152 | $2.8bn |
| 2022 | — | $17.0m | −$18.1m | $8.5m | $85 | $97 | −$1.3bn |
| 2021 | — | $21.7m | $45.4m | $12.0m | $134 | $135 | $13.6bn |
The board says pay is tied most to FX-Neutral Revenue. Its other key measures: Non-GAAP Operating Margin, Non-GAAP Net Income.
Insiders and the CEO's stake
Jamie Iannone (President and CEO) held 236,234 shares directly after their latest Form 4 on Oct 6, 2026, roughly $25.3m at that filing's price.
Light activity: no buys, $30.2m sold in six months. 60 of 62 sales ran on pre-arranged 10b5-1 plans.
- SoldJamie IannonePresident and CEO · 10b5-1 plan$16.4mOct 6, 2026
- SoldMazen RawashdehSVP, Chief Technology Officer · 10b5-1 plan$6.1mJun 17, 2026
- SoldJordan Douglas Bradley SweetnamSVP, Chief Commercial Officer · 10b5-1 plan$3.8mAug 18, 2026
- SoldCornelius BooneSVP, Chief People Officer · 10b5-1 plan$3.4mJun 5, 2026
Leadership and governance on file
- Mar 24, 2026Leadership change8-K 5.02
- Jun 30, 2025Leadership change8-K 5.02
- May 30, 2025Annual report amended10-K/A
- Apr 30, 2025Leadership change8-K 5.02
- Nov 25, 2024Leadership change8-K/A 5.02
- Sep 19, 2024Leadership change8-K 5.02
- May 29, 2024Annual report amended10-K/A
- Feb 15, 2024Leadership change8-K 5.02
- Jun 23, 2023Leadership change8-K 5.02
- May 12, 2023Annual report amended10-K/A
- Mar 24, 2023Leadership change8-K/A 5.02
- Mar 22, 2023Leadership change8-K 5.02
Latest shareholder vote results: Jun 18, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $19.8bn returned to owners in buybacks and dividends, 104% of net income, and $2.7bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $10.4bn | $9.8bn | $10.1bn | $10.3bn | $11.1bn |
| Net income | $13.6bn | −$1.3bn | $2.8bn | $2.0bn | $2.0bn |
| Stock-based pay | $477.0m | $494.0m | $575.0m | $588.0m | $607.0m |
| Buybacks | $7.1bn | $3.1bn | $1.4bn | $3.1bn | $2.5bn |
| Dividends | $466.0m | $489.0m | $528.0m | $533.0m | $531.0m |
| Diluted shares | 663m | 558m | 533m | 501m | 468m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.