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eBay Inc. Reports Fourth Quarter and Full Year 2025 Results

Quad/Graphics achieved $2.4 billion net sales in 2025 with a 33% dividend increase and expects a smaller net sales decline of 3% in 2026, driven by strategic shifts and debt reduction.

  • Quad/Graphics announced fourth-quarter and full-year 2025 results showing Net Sales of $2.4 billion, Adjusted EBITDA of $196 million, and Earnings of $27 million.
  • Excluding the European divestiture, declines reflected lower paper sales, reduced print volumes and logistics shortfalls, while the divestiture of the Company's European operations materially reduced reported Net Sales.
  • Free Cash Flow of $51 million and Net Cash provided by Operating Activities of $96 million supported Quad/Graphics' $22 million in shareholder returns last year.
  • Quad also declared a quarterly dividend of $0.10 per share payable March 13, 2026, and reduced Net Debt by $42 million to $308 million, maintaining a 1.57x leverage ratio.
  • Operationally, the company implemented automation, AI-enabled tools and Enru integration, improving efficiency and postage savings, while management expects net sales decline improvement under 2026 guidance toward 2028 outlook.
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eBay Inc. Reports Fourth Quarter and Full Year 2025 Results

Revenue of $3.0 billion, up 15% on an as-reported basis and up 13% on an FX-Neutral basisGross Merchandise Volume ("GMV") of $21.2 billion, up 10% on an as-reported basis and up 8% on an FX-Neutral basisGAAP and Non-GAAP earnings per…

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Weatherford Democrat broke the news in on Tuesday, February 17, 2026.
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