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Global-e Online (GLBE)
NASDAQ:GLBE
Earnings Data
Report Date
May 19, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.18Last Year’s EPS
-0.11Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized numerous strong operational and financial results: record GMV, accelerating revenue growth, margin expansion, record free cash flow, GAAP profitability, strong customer retention, and clear product momentum (Managed Markets v2, duty drawback, AI initiatives). Management reiterated multiyear targets and provided ambitious 2026 guidance (GMV, revenue and adjusted EBITDA growth with margin expansion). Key near-term risks include short-term pressure from tariff and de minimis changes, some dependence on FX and elevated same-store sales that are assumed to normalize, a slightly lower fulfillment take rate, and portions of cash flow that were influenced by one-time working capital benefits. Overall, positives materially outweigh the noted near-term uncertainties and execution/timing risks.Company Guidance
Record GMV and Strong Quarterly Growth
Q4 2025 GMV of $2.36B (the strongest quarter ever) with GMV growth accelerating to ~37–38% year-over-year; full-year 2025 GMV of ~$6.57B, up 35% year-over-year. Achieved first-ever $1B GMV month in November 2025.
Revenue Acceleration and Milestone >$1B
Q4 2025 revenue of $337M, up 28% year-over-year; full-year 2025 revenue of $962M, up 28% year-over-year. 2026 guidance targets revenue of $1.21B–$1.27B (midpoint ~29% growth) — the first year expected above $1B in revenue.
Margin Expansion and Profitability
Q4 2025 non-GAAP gross profit margin of 46.8% (up ~80 bps YoY). Q4 adjusted EBITDA of $87.2M, up 53% YoY, representing a 25.9% margin (up ~420 bps YoY). Full-year 2025 adjusted EBITDA $198.5M, up 41% YoY with a 20.6% margin. Company was GAAP profitable for full-year 2025 with GAAP EPS of $0.39.
Very Strong Cash Generation and Capital Returns
Full-year 2025 free cash flow of $280.7M (up 68% YoY) and operating cash flow accelerated to $216M in Q4 (vs. $129M year-ago). Year-end cash and equivalents of $623M. Completed $72M in share repurchases in Q4 (1.8M shares) with $128M capacity remaining.
Healthy Customer Retention and Take Rates
Annual net dollar retention (NDR) of 122% and gross dollar retention (GDR) of 96%. Service-fee take rate remained stable at ~6.82% in Q4; service fee revenue of $160.9M (up 37% YoY).
Product & Commercial Momentum (Managed Markets, Duty Drawback, borderfree.com)
Launched Shopify Managed Markets v2 integrated into Shopify Payments and seeing initial traction; received permit to offer import duty drawback to eligible U.S.-based merchants; borderfree.com channel now accounts for >6% of merchant sales for merchants using it. Management expects managed markets adoption to pick up over 2026.
AI-Driven Efficiency and Sales Acceleration
Management attributes material operational leverage to AI: ~70 bps reduction in R&D spend as a percentage of revenue in 2025, plans to scale 2026 R&D activity without material headcount increases, AI-based internal sales/prospecting agents increasing demos and pipeline, and LLM tools for classification, localization and customer service automation.
Broad Merchant Wins & Geographic Expansion
Numerous notable merchant launches and expansions in Q4 across North America, Europe and APAC (examples include Stella McCartney, Sandro/Maje/Claudie Pierlot, Logitech integration with TikTok Shop, Prusa, Nadine Merabi, and others), supporting multi-geography growth.
GLBE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GLBE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $29.70 | $34.81 | +17.21% |
Nov 19, 2025 | $37.01 | $35.39 | -4.38% |
Aug 13, 2025 | $33.97 | $31.06 | -8.57% |
May 14, 2025 | $42.39 | $34.28 | -19.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Global-e Online (GLBE) report earnings?
Global-e Online (GLBE) is schdueled to report earning on May 19, 2026, Before Open (Confirmed).
What is Global-e Online (GLBE) earnings time?
Global-e Online (GLBE) earnings time is at May 19, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GLBE EPS forecast?
GLBE EPS forecast for the fiscal quarter 2026 (Q1) is 0.18.
