Global-E Online (GLBE) Gross Margin (2020 - 2026)
Global-E Online's (GLBE) quarterly Gross Margin came in at 44.1% in Q2 2026, down 135.0% year-over-year from 126.01% in Q2 2025, and down 3.22% quarter-over-quarter from 45.57% in Q1 2026.
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Analysis
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 44.1% for Q2 2026.
- In Q2 2026, Gross Margin fell 135.0% year-over-year to 44.1%; the TTM figure through Jun 2026 stood at 45.22% (up 12.0% YoY), while the FY2025 annual figure was 45.34%, up 25.0% from the prior year.
- Gross Margin came in at 44.1% for Q2 2026 at Global-E Online, down from 45.57% 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.
- Average Gross Margin over 5 years is 42.66%, with a median of 43.74% recorded in 2024.
- Year-over-year, Gross Margin soared 491 bps in 2024 and plunged 135 bps in 2026.
- Over 5 years, 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 fell by 4 bps to 44.1% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 44.1% in Q2 2026, 45.57% in Q1 2026, and 46.0% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shopify | 166.44 Bn | 161.49 Bn | 1.71 Bn | 47.67% |
| 2 | Global-E Online | 6.43 Bn | 6.07 Bn | 131.87 Mn | 44.10% |
| 3 | Vtex | 629.70 Mn | 443.81 Mn | 51.71 Mn | 80.31% |
| 4 | Rezolve Ai | 369.68 Mn | 258.57 Mn | - | - |
| 5 | Commerce.com | 275.92 Mn | 119.60 Mn | 63.53 Mn | 75.17% |
| 6 | Baozun | 152.97 Mn | -66.33 Mn | 302.56 Mn | 74.84% |
| 7 | BeLive Holdings | 24.01 Mn | 17.39 Mn | - | - |
| 8 | Paid | 18.65 Mn | 17.57 Mn | 1.22 Mn | 20.88% |
| 9 | Caro Holdings | 11.71 Mn | 11.71 Mn | - | - |
| 10 | Amaze Holdings | 1.11 Mn | 1.11 Mn | - | - |
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();