Global-E Online (GLBE) Gross Margin (2020 - 2026)
Global-E Online's Gross Margin came in at 44.10% for Q2 2026, down 1.35 percentage points from 45.45% a year earlier and down 1.47 percentage points from the prior quarter.
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Analysis
Global-E Online (GLBE) Gross Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Global-E Online reported Gross Margin of 45.22%, up 0.12 percentage points year-over-year; for FY2025, it was 45.34%, up 0.25 percentage points from FY2024.
- Gross Margin has increased in each of the last six years, with a five-year change of +13.46 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 45.09% in FY2024 (+4.10 pp), 40.99% in FY2023 (+2.32 pp), 38.67% in FY2022 (+1.39 pp) and 37.28% in FY2021 (+5.40 pp).
- The Q2 2026 figure represents the lowest quarterly Gross Margin since Q1 2024.
- Year-over-year, Gross Margin increased in five of the last eight quarters, with an average year-over-year change of +0.98 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q3 2021 (a gain of 8.41 percentage points), and the weakest in Q2 2026 (a drop of 1.35 percentage points).
- Business Quant data shows GLBE's Gross Margin at 45.57% (Q1 2026), 46.00% (Q4 2025) and 45.13% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 51.93% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | - |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 57.06% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 33.41% |
| 10 | Global-E Online | 6.74 Bn | 5.50 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% |
API Access
Global-E Online Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=GLBE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "GLBE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=GLBE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();