Global-E Online (GLBE) Gross Margin (2020 - 2026)
Global-E Online's (GLBE) quarterly Gross Margin came in at 45.57% in Q1 2026, up 129.0% year-on-year from 19.9% in Q1 2025, and down 0.92% quarter-over-quarter from 46.0% in Q4 2025.
Global-E Online (GLBE) Gross Margin (2020 - 2026) Analysis & Trends
Global-E Online has disclosed Gross Margin across 7 years of filings, most recently posting 45.57% for Q1 2026.
- Gross Margin for Q1 2026 came in at 45.57%, up 129.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 45.59% (up 38.0% YoY), and the FY2025 annual result was 45.34%, up 25.0% from the prior year.
- Gross Margin came in at 45.57% for Q1 2026 at Global-E Online, down from 46.0% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 46.09% in Q2 2024 to a low of 35.62% in Q1 2022.
- The 5-year median for Gross Margin is 43.38% (2024), against an average of 42.57%.
- Across the five-year window, Gross Margin surged 491 bps in 2024 and plunged 63 bps in 2025, its largest moves.
- Global-E Online's Gross Margin stood at 39.93% in 2022, then advanced by 3 bps to 41.17% in 2023, then climbed by 10 bps to 45.13% in 2024, then increased by 2 bps to 46.0% in 2025, then slipped by 1 bps to 45.57% in 2026.
- The last three Gross Margin figures came in at 45.57% (Q1 2026), 46.0% (Q4 2025), and 45.13% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 94.32% |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 43.66% |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 50.64% |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 72.28% |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 74.04% |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | 27.01% |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | 93.10% |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | 30.02% |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 72.42% |
| 10 | Global-E Online | 4.87 Bn | 4.32 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% |