Habib Ur Rehman
Sun, June 14, 2026 astatine 3:00 PM CDT 2 min read
The transaction besides expands Global-e’s addressable merchant basal due to the fact that Passport volition proceed offering a non-Merchant of Record solution. Global-e agreed to wage $350 cardinal upfront, funded astir arsenic done currency and mean shares, with up to $75 cardinal successful further contingent information tied to Passport’s 2026 fiscal results. Passport is expected to make astir $100 cardinal successful gross successful calendar 2026.
India Picture/Shutterstock.com
Global-e’s latest quarterly results enactment the maturation case. On May 13, the institution reported first-quarter GMV of $1.74 billion, up 40% year-over-year, portion gross roseate 33% to $252.1 million. Adjusted EBITDA accrued 59% to $50.2 million, and Global-e raised its full-year 2026 outlook crossed GMV, revenue, and adjusted EBITDA.
Global-e Online Ltd. (NASDAQ:GLBE) enables brands and retailers to merchantability internationally by offering localized checkout, logistics, and cross-border e-commerce services.
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