Global-E Online Ltd · Q1 2026 earnings

Briefing

Global-e hits Rule of 50 again with 40% GMV growth and raised FY outlook

Global-e Online reported Q1 2026 GMV of $1.74 billion, up 40% year over year, with revenue of $252.1 million (+33%). Service fees revenue was $120.8 million and fulfillment services revenue $131.3 million. Non-GAAP gross profit grew 37% to $118.5 million at a 47% margin (GAAP gross margin 45.6%). Adjusted EBITDA expanded 59% to $50.2 million, with margins up 330 basis points to 19.9%. GAAP net profit was $30.4 million ($0.17 diluted EPS) and non-GAAP net profit $46.9 million ($0.27 diluted EPS). The company executed $59 million in share repurchases and raised full-year 2026 guidance across GMV ($8.53–$8.88B), revenue ($1.22–$1.28B) and Adjusted EBITDA ($264.5–$289.5M).

• GMV grew 40% YoY to $1.74B; revenue rose 33% to $252.1M with service fees at $120.8M and fulfillment at $131.3M.
• Adjusted EBITDA surged 59% to $50.2M with margin expansion to 19.9%; non-GAAP net profit $46.9M ($0.27/share).
• Raised FY2026 GMV guidance to $8.53–$8.88B, revenue to $1.22–$1.28B, and Adjusted EBITDA to $264.5–$289.5M.
• Strong merchant momentum including enterprise launches (Fresh/LVMH, Roland Garros, Audi F1) and scope expansions with Alo Yoga and Figs.
• Repurchased $59M of shares in Q1; $131M total under the $200M authorization. Q2 revenue guided at $278.5–$285.5M.

Headline financials

Revenue & EPS history

Global-e raised FY2026 GMV to $8.53–$8.88B, revenue to $1.22–$1.28B, and Adjusted EBITDA to $264.5–$289.5M. Q2 2026 revenue guided at $278.5–$285.5M with Adjusted EBITDA of $55–$58M.