Operator

Good day, everyone. My name is Megan, and I'll be your conference operator today. At this time, I would like to welcome you to the eBay First Quarter 2026 Earnings Call.

[Operator Instructions]

At this time, I would like to turn the call over to John Egbert, Vice President of Investor Relations.

John Egbert
Vice President of Investor Relations

Good afternoon. Thank you all for joining us for eBay's First Quarter 2026 Earnings Conference Call. Joining me today on the call are Jamie Iannone, our Chief Executive Officer; and Peggy Alford, our Chief Financial Officer. We're providing a slide presentation to accompany our commentary during the call, which is available through the Investor Relations section of the eBay website at investors.ebayinc.com.

Before we begin, I'll remind you that during this conference call, we will discuss certain non-GAAP measures related to our performance. You can find the reconciliation of these measures to the nearest comparable GAAP measures in our accompanying slide presentation.

Additionally, all growth rates noted in our prepared remarks will reflect organic FX-neutral year-over-year comparisons, and all earnings per share amounts reflect earnings per diluted share unless indicated otherwise. All year-over-year growth rates versus 2025 are also