Global-E Online (GLBE) Operating Margin (2020 - 2026)
Global-E Online's (GLBE) quarterly Operating Margin came in at 13.08% in Q1 2026, up 2318.0% year-on-year from 0.54% in Q1 2025, and down 30.4% quarter-over-quarter from 18.79% in Q4 2025.
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 13.08% for Q1 2026.
- Operating Margin for Q1 2026 came in at 13.08%, up 2318.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 12.09% (up 1935.0% YoY), and the FY2025 annual result was 7.45%, up 1647.0% from the prior year.
- Operating Margin came in at 13.08% for Q1 2026 at Global-E Online, down from 18.79% 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.
- The 5-year median for Operating Margin is 13.58% (2024), against an average of 18.3%.
- Across the five-year window, Operating Margin plunged 7662 bps in 2022 and surged 3201 bps in 2023, its largest moves.
- Global-E Online's 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 slumped by 30 bps to 13.08% in 2026.
- The last three Operating Margin figures came in at 13.08% (Q1 2026), 18.79% (Q4 2025), and 7.73% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 13.14% |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 6.91% |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 3.74% |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 22.37% |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 19.78% |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | -2.85% |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | -1.06% |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -0.38% |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 17.86% |
| 10 | Global-E Online | 4.87 Bn | 4.32 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% |