Wholesale Segment was Global Partners’s largest segment in fiscal 2025, bringing in $12.66B of $18.56B (68%).
| Segment | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wholesale Segment | $10.86B | $9.61B | $10.72B | $12.66B | ||||||||||||
| Wholesale | — | — | — | — | ||||||||||||
| Gasoline Sales: Gasoline & Gasoline Blendstocks (Such As Ethanol) | — | — | — | — | ||||||||||||
| Gasoline Sales: Gasoline & Gasoline Blendstocks Such As Ethanol And Naphtha | — | — | — | — | ||||||||||||
| Gasoline & Gasoline Blendstock | — | — | — | — | ||||||||||||
| Gdso | $6.70B | $5.84B | $5.37B | $4.78B | ||||||||||||
| Gasoline Distribution & Station Operations | — | — | — | — | ||||||||||||
| Other Oils & Related Products | — | — | — | — | ||||||||||||
| Gasoline | — | — | — | — | ||||||||||||
| Crude Oil | — | — | — | — | ||||||||||||
| Commercial Segment | $1.31B | $1.04B | $1.07B | $1.12B | ||||||||||||
| Commercial | — | — | — | — | ||||||||||||
| Station Operations | — | — | — | — | ||||||||||||
| Total | $18.88B | $16.49B | $17.16B | $18.56B |
Global Partners brought in $18.56B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 8.1% from $17.16B in fiscal 2024. Wholesale Segment was the largest at $12.66B (68.2%), ahead of Gdso at $4.78B (25.8%) and Commercial Segment at $1.12B (6.0%).
Compared with fiscal 2024, Wholesale Segment grew fastest, up 18.1% to $12.66B, while Gdso fell the most, down 11.0% to $4.78B. From fiscal 2022 to 2025, combined revenue from these segments fell from $18.88B to $18.56B, a compound annual decline of 0.6%. Wholesale Segment's share of the total rose from 57.5% to 68.2%.
(Issuer) Guarantor Subsidiaries was Global Partners’s largest revenue line in fiscal 2017, bringing in $8.92B of $8.92B (100%).
| Consolidated Entities | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|
| (Issuer) Guarantor Subsidiaries | $10.31B | $8.24B | $8.92B |
| Non-Guarantor Subsidiary | $23.55M | $5.96M | $2.94M |
| Total | $10.33B | $8.24B | $8.92B |
Global Partners brought in $8.92B from its two revenue lines in fiscal 2017, the year ended December 31, 2017. That was up 8.2% from $8.24B in fiscal 2016. (Issuer) Guarantor Subsidiaries was the largest at $8.92B (100.0%), ahead of Non-Guarantor Subsidiary at $2.94M (0.0%).
From fiscal 2015 to 2017, combined revenue from these revenue lines fell from $10.33B to $8.92B, a compound annual decline of 7.1%. (Issuer) Guarantor Subsidiaries' share held steady at about 100.0%.
(Issuer) Guarantor Subsidiaries was Global Partners’s largest revenue line in fiscal 2014, bringing in $17.26B of $17.30B (100%).
| Legal Entity | FY 2013 | FY 2014 |
|---|---|---|
| (Issuer) Guarantor Subsidiaries | $19.58B | $17.26B |
| Non-Guarantor Subsidiary | $28.95M | $39.35M |
| Total | $19.60B | $17.30B |
Global Partners brought in $17.30B from its two revenue lines in fiscal 2014, the year ended December 31, 2014. That was down 11.8% from $19.60B in fiscal 2013. (Issuer) Guarantor Subsidiaries was the largest at $17.26B (99.8%), ahead of Non-Guarantor Subsidiary at $39.35M (0.2%).
Global Partners (GLP) reports its revenue by segment, by consolidated entities and by legal entity. In fiscal 2025, Wholesale Segment was its largest segment, bringing in $12.66B (68.2% of the total), followed by Gdso at $4.78B (25.8%).
Wholesale Segment was Global Partners' largest segment in fiscal 2025, bringing in $12.66B, or 68.2% of the $18.56B total across its three segments.
(Issuer) Guarantor Subsidiaries was Global Partners' largest revenue line in fiscal 2017, bringing in $8.92B, or 100.0% of the $8.92B total across its two revenue lines.
Among Global Partners' segments that make up at least 2% of revenue, Wholesale Segment grew fastest in fiscal 2025, up 18.1% from $10.72B to $12.66B.
Every figure comes from Global Partners' annual financial filings, as reported. Each line keeps the name Global Partners gives it, and years follow its fiscal calendar.
Global Partners' revenue by segment goes back to fiscal 2010, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.