eBay (EBAY) is reporting earnings for its second quarter of 2015 on Thursday, July 16th before the market opens. According to Thomson Reuters, analysts are estimating revenues to come in at $4.5 billion with earnings of $0.72, which would be a 4 percent increase from the same period last year. Last quarter, eBay reported that they had $4.4 billion in revenues and, for the first time, the payments segment beat the marketplaces segment. eBay is spinning off PayPal, who makes up their payment division, on Friday, making this the last quarter that eBay is going to be able to include PayPal on its earnings report. The spin-off was announced in September of 2014 and will make former American Express (AXP) executive Daniel Schulman the CEO of the independent PayPal, which will trade under the ticker ‘PYPL.’ In 2014, eBay had total consolidated net revenue of $17 billion. Of that, 44 percent came from PayPal. The earnings release last quarter showed that while the payments segment revenue was growing at 14 percent, marketplace revenues were dropping by 4 percent begging the question, what will happen to eBay without PayPal?
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