SAN JOSE, Calif.--(BUSINESS WIRE)--Global ecommerce and online payments leader eBay Inc. (Nasdaq:EBAY) today reported that revenue for the fiscal second quarter ended June 30, 2010, increased 6% to $2.2 billion, or 15% excluding Skype, compared to the same period of 2009. The company recorded second quarter net income on a GAAP basis of $412.2 million, or $0.31 per diluted share, and non-GAAP net income of $530.2 million, or $0.40 per diluted share, representing an 18% increase excluding Skype, compared to the same period of 2009.

“Management’s Discussion and Analysis of Financial Condition and Results of Operations”

The company’s PayPal business delivered record second quarter performance. PayPal added a million new accounts each month during the quarter and its merchant services business continued to gain share in ecommerce. For three consecutive quarters, PayPal’s merchant services business has grown by over 40% year over year. The company also reported that the multiyear turnaround of its eBay business continued on track in the second quarter, with strength in Europe, expected performance in Asia, slower than expected growth in the U.S. and progress against underlying customer metrics focused on trust, value and selection for the world’s largest online marketplace.

“We delivered strong second quarter results, demonstrating the global strength and increasing diversity of our business,” said John Donahoe, eBay Inc. President and CEO. “PayPal is strong and getting stronger, building a robust and innovative global footprint serving all of ecommerce. And our eBay turnaround remains on track, with strong performance in Europe, significant changes in the U.S. and continued improvements to the buying and selling experience. We continue to focus on delivering strong financial results, managing a healthy balance sheet and making the necessary investments to compete, win and satisfy our customers.”

Second Quarter 2010 Financial Highlights (presented in millions, except per share data and percentages

Second Quarter

2009 2010 Change

Net revenue $2,098 $2,215 $117 6%
Non-GAAP net revenue (excl. Skype) $1,928 $2,215 $287 15%
GAAP
Net income $327 $412 $85 26%
Earnings per diluted share $0.25 $0.31 $0.06 24%
Non-GAAP
Net income $479 $530 $52 11%
Earnings per diluted share $0.37 $0.40 $0.03 8%
Non-GAAP excluding Skype
Net income $440 $530 $90 20%
Earnings per diluted share $0.34 $0.40 $0.06 18%
Business Units
PayPal
Net revenue $669 $817 $148 22%
Net total payments volume $16,705 $21,394 $4,689 28%
Merchant services net total payment volume $9,119 $13,064 $3,945 43%
Marketplaces
Net revenue $1,259 $1,398 $139 11%
Gross merchandise volume (excl. vehicles) $11,125 $12,531 $1,406 13%
U.S. $4,689 $4,801 $112 2%
International $6,436 $7,730 $1,294 20%