Global-E Online (GLBE) Gross Margin (2020 - 2026)
Global-E Online (GLBE) posted Gross Margin of 45.57% for Q1 2026, down 0.92% sequentially from 46.0% in Q4 2025, and up 129.0% YoY from 19.9% in Q1 2025.
Global-E Online (GLBE) Gross Margin (2020 - 2026) Analysis & Trends
Global-E Online has reported Gross Margin for 7 years, with the latest figure at 45.57% in Q1 2026.
- Quarterly Gross Margin rose 129.0% year-over-year to 45.57% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 45.59% (up 38.0% YoY) and the FY2025 annual result came in at 45.34%, up 25.0% from the prior year.
- Gross Margin slipped to 45.57% in Q1 2026 per GLBE's latest filing, from 46.0% in the prior quarter.
- Over five years, Gross Margin peaked at 46.09% in Q2 2024 and troughed at 35.62% in Q1 2022.
- A 5-year average of 42.57% and a median of 43.38% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2025: Gross Margin jumped 491 bps in 2024, then plunged 63 bps in 2025.
- Over 5 years, Gross Margin stood at 39.93% in 2022, then grew by 3 bps to 41.17% in 2023, then increased by 10 bps to 45.13% in 2024, then gained by 2 bps to 46.0% in 2025, then declined by 1 bps to 45.57% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 45.57%, 46.0%, and 45.13% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,927.23 Bn | 2,804.24 Bn | 198.88 Bn | 52.05% |
| 2 | PDD Holdings | 505.53 Bn | 445.99 Bn | 9.83 Bn | 55.49% |
| 3 | Mercadolibre | 97.91 Bn | 82.71 Bn | 4.16 Bn | 40.90% |
| 4 | DoorDash | 93.36 Bn | 88.01 Bn | 2.35 Bn | 52.69% |
| 5 | JD.com | 87.12 Bn | 57.94 Bn | 7.66 Bn | 16.73% |
| 6 | Sea | 78.15 Bn | 69.63 Bn | 3.15 Bn | 44.32% |
| 7 | Ebay | 47.32 Bn | 44.01 Bn | 2.30 Bn | 73.45% |
| 8 | Coupang | 29.67 Bn | 23.56 Bn | 2.49 Bn | 28.16% |
| 9 | Zkh | 16.19 Bn | 16.19 Bn | 51.11 Mn | 16.68% |
| 10 | Global-E Online | 6.90 Bn | 6.35 Bn | 114.88 Mn | 45.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 45.57% |
| Dec 31, 2025 | 46.00% |
| Sep 30, 2025 | 45.13% |
| Jun 30, 2025 | 45.45% |
| Mar 31, 2025 | 44.28% |
| Dec 31, 2024 | 45.13% |
| Sep 30, 2024 | 45.49% |
| Jun 30, 2024 | 46.09% |
| Mar 31, 2024 | 43.38% |
| Dec 31, 2023 | 41.17% |
| Sep 30, 2023 | 42.30% |
| Jun 30, 2023 | 41.18% |
| Mar 31, 2023 | 39.00% |
| Dec 31, 2022 | 39.93% |
| Sep 30, 2022 | 38.65% |
| Jun 30, 2022 | 39.35% |
| Mar 31, 2022 | 35.62% |
| Dec 31, 2021 | 39.48% |
| Sep 30, 2021 | 38.58% |
| Jun 30, 2021 | 35.96% |