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Companies · GLBE

GLBE Reported this cycle

Global-E Online

Petah Tikva, Israel Founded 2013 Ecommerce & Retail Tech

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Latest analysis

Updated Aug 12, 2026

Global-E Online Q2 2026: GMV +44% YoY, Adjusted EBITDA margin expands 300bps to 20.9%, full-year guidance raised across all metrics.

Global-E Online delivered its strongest profitability quarter on record, with Adjusted EBITDA of $62.4 million — up 62% year over year — as AI-driven efficiency gains and operating leverage drove a 300 basis point margin expansion to 20.9%. GMV of $2.09 billion grew 44% year over year, accelerating from the prior year pace, fueled by volume from the 2025 merchant cohort and new enterprise brand launches across EMEA, North America, and APAC. Management raised full-year 2026 guidance across GMV, revenue, and Adjusted EBITDA, and authorized a new $500 million share repurchase program — signaling confidence in sustained free cash flow generation.

Tone: bullish

Revenue

$962.2M

GLBE 20-F · FY 2025

Revenue growth YoY

+27.8%

EBITDA margin

20.4%

Founded

2013

Profile

GLBE 20-F Item 4.B · Mar 26, 2026

Global-E Online Ltd. is an Israeli-founded e-commerce enablement platform that allows merchants to sell internationally by acting as merchant of record and localizing the end-to-end shopper experience. The company supports transactions in over 100 currencies, 150-plus payment methods, and more than 30 languages across 200-plus destination markets. Its revenue is tightly linked to the gross merchandise value flowing through its platforms.

Read filing description ↓

Our platforms were purpose-built for international shoppers to buy seamlessly online and for merchants to sell from, and to, anywhere in the world - in short, to 'go global'. At the same time, to 'be local' reflects the localization of the shopper's experience and our effort to make international transactions as seamless as domestic transactions. We increase the conversion of international traffic into sales by removing much of the complexity associated with international e-commerce. We provide a mission-critical, integrated solution that creates a localized and frictionless shopper experience and our platforms are simple to manage, flexible to adjust and smart in the local market insights and best practices. The vast capabilities of our end-to-end platforms include interaction with shoppers in their native languages, market-adjusted pricing, payment options tailored to local market preferences, compliance with local consumer regulations and requirements such as customs duties and taxes, shipping services, after-sales support and returns management. These elements are unified under our platforms and services to enhance the shopper experience and enable merchants to capture the global e-commerce opportunity. We operate at the forefront of global e-commerce, which is being transformed by technology, internet adoption and the rise of social networks connecting the world. Shopper buying habits are rapidly shifting online, as shoppers expect to be able to purchase any product online - from anywhere in the world. Trends and consumer tastes are becoming increasingly global, driving the expansion of global e-commerce, but the preference remains for an intuitive online shopping experience that feels local. In parallel, the rapid growth in e-commerce has created an opportunity for merchants to build and strengthen a direct relationship with the shopper. Solutions that enable D2C sales have become a strategic priority for brands and retailers as they seek to take advantage of these e-commerce trends, gaining ownership and knowledge of their international shoppers.

Primary products

  • Global-e enterprise platform
  • Flow platform
  • Shopify Managed Markets (white-label international MoR offering)
  • Borderfree.com demand generation portal
  • Duty drawback solution
  • Smart Insights

End markets

Direct-to-consumer (D2C) brands and retailers Enterprise merchants Shopify merchants (via Shopify Managed Markets)

Geographies

United States United Kingdom European markets APAC countries over 200 destination markets worldwide

Named customers

Shopify Inc.
“We believe that we have become, and that we possess the ability to remain, an industry-defining player that enables merchants to capture the global e-commerce opportunity.” Competitive position, as stated in the filing

Revenue commentary · FY 2025

Revenue grew 27.8% in the year ended December 31, 2025, rising from $752.8 million to $962.2 million, as stated by the company in Item 5.

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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.

SeventhBiz analysis 6 signals 9 diligence answers 1 M&A transactions SWOT