Global-e Online Q2 Earnings Call Highlights

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Wed, August 12, 2026 astatine 9:05 AM CDT 7 min read

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Global-e Online (NASDAQ:GLBE) reported second-quarter 2026 results that exceeded its anterior guidance ranges, citing beardown same-store sales, merchant launches and promotional activity. The institution raised its full-year outlook for gross merchandise value, gross and adjusted EBITDA and included expected contributions from its precocious completed acquisition of logistics supplier Passport.

"The momentum that we saw during the commencement of the twelvemonth continued done Q2, resulting successful different precise beardown 4th each around," Co-founder and Chief Executive Officer Amir Schlachet said connected the company's net call. He said the company's results reinforced its assurance successful achieving its semipermanent maturation targets.

Second-Quarter Growth and Profitability

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Global-e reported second-quarter GMV of $2.089 billion, up 44% from a twelvemonth earlier. Schlachet said the 4th marked the archetypal clip the institution generated much than $2 cardinal successful GMV during a non-peak quarter.

Revenue roseate 39% twelvemonth implicit twelvemonth to $299 million. Service-fee gross accrued 36% to $139.4 million, portion fulfillment-services gross climbed 42% to $159.6 million.

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Chief Financial Officer Ofer Koren said trading volumes benefited from beardown same-store sales, user request crossed astir destination regions, contributions from merchants launched successful the 2nd fractional of 2025 and 2026, and foreign-exchange tailwinds. He besides pointed to stronger-than-usual user responses to recurring merchant promotions.

Adjusted EBITDA roseate 62% to $62.4 million, producing an adjusted EBITDA borderline of 20.9%, compared with 17.9% successful the prior-year period. Non-GAAP nett net was $64.9 million, oregon $0.37 per afloat diluted share, versus $37.9 million, oregon $0.22 per share, a twelvemonth earlier. GAAP nett net totaled $47.7 million, compared with $10.5 cardinal successful the prior-year quarter, portion GAAP diluted EPS was $0.27.

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Non-GAAP gross nett accrued 36% to $135.4 million, though non-GAAP gross borderline declined to 45.3% from 46.5%. Koren attributed the borderline unit chiefly to higher and much volatile substance costs. He said the institution chose not to walk bearer fuel-surcharge changes done to merchants arsenic often arsenic carriers updated them, temporarily absorbing immoderate costs to trim pricing volatility for merchants.

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