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.
Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,742.86 Bn | 2,619.88 Bn | 198.88 Bn | 52.05% |
| 2 | PDD Holdings | 116.24 Bn | -48,010.17 Bn | 9.45 Bn | 57.06% |
| 3 | Mercadolibre | 99.45 Bn | 84.25 Bn | 4.16 Bn | 40.90% |
| 4 | DoorDash | 98.02 Bn | 92.67 Bn | 2.35 Bn | 52.69% |
| 5 | Sea | 67.10 Bn | 58.70 Bn | 3.55 Bn | 45.58% |
| 6 | Ebay | 46.73 Bn | 43.42 Bn | 2.30 Bn | 73.45% |
| 7 | JD.com | 39.68 Bn | 7.13 Bn | 16.50 Bn | 16.91% |
| 8 | Coupang | 28.45 Bn | 22.34 Bn | 2.49 Bn | 28.16% |
| 9 | Wayfair | 12.37 Bn | 11.23 Bn | 1.05 Bn | 29.95% |
| 10 | Global-E Online | 6.28 Bn | 5.73 Bn | 131.87 Mn | 44.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.10% |
| 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% |