Global-E Online (GLBE) Operating Margin (2020 - 2026)
Global-E Online's (GLBE) quarterly Operating Margin came in at 14.94% in Q2 2026, up 1005.0% year-over-year from 1.35% in Q2 2025, and up 14.24% quarter-over-quarter from 13.08% in Q1 2026.
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Analysis
Global-E Online (GLBE) Operating Margin (2020 - 2026) Analysis & Trends
Global-E Online has disclosed Operating Margin across 7 years of filings, most recently posting 14.94% for Q2 2026.
- In Q2 2026, Operating Margin rose 1005.0% year-over-year to 14.94%; the TTM figure through Jun 2026 stood at 14.25% (up 1716.0% YoY), while the FY2025 annual figure was 7.45%, up 1647.0% from the prior year.
- Operating Margin came in at 14.94% for Q2 2026 at Global-E Online, up from 13.08% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 18.79% in Q4 2025 to a low of 67.72% in Q1 2022.
- Average Operating Margin over 5 years is 16.45%, with a median of 13.01% recorded in 2024.
- Year-over-year, Operating Margin tumbled 7662 bps in 2022 and soared 3201 bps in 2023.
- Over 5 years, Operating Margin stood at 25.1% in 2022, then jumped by 50 bps to 12.44% in 2023, then surged by 116 bps to 1.97% in 2024, then jumped by 853 bps to 18.79% in 2025, then retreated by 20 bps to 14.94% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 14.94% in Q2 2026, 13.08% in Q1 2026, and 18.79% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shopify | 166.44 Bn | 161.49 Bn | 1.71 Bn | 13.62% |
| 2 | Global-E Online | 6.43 Bn | 6.07 Bn | 131.87 Mn | 14.94% |
| 3 | Vtex | 629.70 Mn | 443.81 Mn | 51.71 Mn | 15.00% |
| 4 | Rezolve Ai | 369.68 Mn | 258.57 Mn | - | - |
| 5 | Commerce.com | 275.92 Mn | 119.60 Mn | 63.53 Mn | 3.20% |
| 6 | Baozun | 152.97 Mn | -66.33 Mn | 302.56 Mn | 2.31% |
| 7 | BeLive Holdings | 24.01 Mn | 17.39 Mn | - | - |
| 8 | Paid | 18.65 Mn | 17.57 Mn | 1.22 Mn | -0.40% |
| 9 | Caro Holdings | 11.71 Mn | 11.71 Mn | - | -16,338.08% |
| 10 | Amaze Holdings | 1.11 Mn | 1.11 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.94% |
| Mar 31, 2026 | 13.08% |
| Dec 31, 2025 | 18.79% |
| Sep 30, 2025 | 7.73% |
| Jun 30, 2025 | 4.89% |
| Mar 31, 2025 | -10.10% |
| Dec 31, 2024 | 1.97% |
| Sep 30, 2024 | -11.95% |
| Jun 30, 2024 | -13.58% |
| Mar 31, 2024 | -20.06% |
| Dec 31, 2023 | -12.44% |
| Sep 30, 2023 | -26.65% |
| Jun 30, 2023 | -27.30% |
| Mar 31, 2023 | -35.71% |
| Dec 31, 2022 | -25.10% |
| Sep 30, 2022 | -50.43% |
| Jun 30, 2022 | -56.47% |
| Mar 31, 2022 | -67.72% |
| Dec 31, 2021 | -26.83% |
| Sep 30, 2021 | -47.51% |
API Access
Global-E Online Operating 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=operating-margin&ticker=GLBE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=GLBE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();