Quarterly ResultMay 13, 2026, 06:03 AM
Global-e Q1 GMV +40%, Revenue +33%; Raises FY26 Outlook
AI Summary
Global-e Online Ltd. reported strong first-quarter 2026 financial results, with GMV increasing 40% and revenue growing 33% year-over-year. The company also saw its Adjusted EBITDA margin expand to 19.9% and raised its full-year 2026 outlook across all guidance metrics. Business highlights included continued development of its Duty Drawback offering, progress on Shopify's white-label Managed Markets Version 2.0, and launching with new enterprise brands across various geographies and verticals.
Key Highlights
- Q1 2026 GMV increased 40% year-over-year to $1,742 million.
- Q1 2026 Revenue grew 33% year-over-year to $252.1 million.
- Q1 2026 Adjusted EBITDA rose 59% year-over-year to $50.2 million, with margin at 19.9%.
- Non-GAAP gross margin expanded to 47% in Q1 2026 from 45.4% in Q1 2025.
- Raised full-year 2026 GMV outlook to $8,530-$8,880 million.
- Raised full-year 2026 Revenue outlook to $1,220-$1,280 million.
- Repurchased $59 million of shares in Q1 2026, totaling $131 million under the $200 million plan.
- Expanded Shopify Managed Markets Version 2.0 into Canada and launched with new enterprise brands.