Global-E Online (GLBE) Operating Margin (2020 - 2026)
Global-E Online (GLBE) posted Operating Margin of 13.08% for Q1 2026, down 30.4% sequentially from 18.79% in Q4 2025, and up 2318.0% YoY from 0.54% in Q1 2025.
Global-E Online (GLBE) Operating Margin (2020 - 2026) Analysis & Trends
Global-E Online has reported Operating Margin for 7 years, with the latest figure at 13.08% in Q1 2026.
- Quarterly Operating Margin rose 2318.0% year-over-year to 13.08% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 12.09% (up 1935.0% YoY) and the FY2025 annual result came in at 7.45%, up 1647.0% from the prior year.
- Operating Margin fell to 13.08% in Q1 2026 per GLBE's latest filing, from 18.79% in the prior quarter.
- Over five years, Operating Margin peaked at 18.79% in Q4 2025 and troughed at 67.72% in Q1 2022.
- A 5-year average of 18.3% and a median of 13.58% in 2024 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2023: Operating Margin plunged 7662 bps in 2022, then jumped 3201 bps in 2023.
- Over 5 years, Operating Margin stood at 25.1% in 2022, then soared by 50 bps to 12.44% in 2023, then jumped by 116 bps to 1.97% in 2024, then soared by 853 bps to 18.79% in 2025, then slumped by 30 bps to 13.08% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 13.08%, 18.79%, and 7.73% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,942.47 Bn | 2,819.48 Bn | 198.88 Bn | 13.43% |
| 2 | PDD Holdings | 506.71 Bn | 447.16 Bn | 9.83 Bn | 22.37% |
| 3 | Mercadolibre | 98.29 Bn | 83.09 Bn | 4.16 Bn | 6.72% |
| 4 | DoorDash | 92.84 Bn | 87.49 Bn | 2.35 Bn | 3.50% |
| 5 | JD.com | 87.21 Bn | 58.03 Bn | 7.66 Bn | 1.21% |
| 6 | Sea | 77.70 Bn | 69.18 Bn | 3.15 Bn | 80.28% |
| 7 | Ebay | 47.31 Bn | 44.00 Bn | 2.30 Bn | 21.57% |
| 8 | Coupang | 29.56 Bn | 23.45 Bn | 2.49 Bn | -6.28% |
| 9 | Zkh | 16.36 Bn | 16.36 Bn | 51.11 Mn | -1.06% |
| 10 | Global-E Online | 6.89 Bn | 6.35 Bn | 114.88 Mn | 13.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -34.03% |