How did Global-e Online (NASDAQ:GLBE) perform in Q4 2025?

Global-e reported a record-breaking fourth quarter, with Gross Merchandise Volume (GMV) reaching $2.361 billion, a 37.8% increase year-over-year. Revenue grew 28% to $336.7 million, surpassing the top end of management's previous guidance. The performance was bolstered by a strong holiday shopping season and a growing roster of high-value brands, including new Denmark-based partners like SteelSeries and GANNI.

What were the key drivers of the 41% surge in Adjusted EBITDA for 2025?

For the full year 2025, Adjusted EBITDA rose to $198.5 million. This growth was driven by: Operating Leverage: As transaction volumes (GMV) scaled, the company's fixed technology and go-to-market costs were spread across a larger base. Profitability Milestone: Global-e achieved consistent GAAP profitability for the first time in 2025, moving the narrative from a "pure growth" story to one of "profitable scale." AI Integration: The company integrated AI-led technologies across its platform, specifically following the acquisition of the returns platform ReturnGo, which optimized post-purchase efficiencies.

What is the 2026 financial outlook (Guidance)?

Global-e issued optimistic guidance for 2026, projecting: Revenue: $1.211 billion to $1.271 billion (approx. 29% growth at the midpoint). Adjusted EBITDA: $259 million to $284 million, reflecting significant bottom-line margin expansion. GMV Acceleration: Management expects continued growth acceleration as they expand value-added services and capture more market share in the $700+ billion cross-border e-commerce market.

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Global-e posts record Q4 GMV of $2.36B, up 38%

Written by Mahathir BayenaPublished Feb 18, 2026, 12:00 AMLast Updated Jul 6, 2026, 10:45 AM

Global-e Online (NASDAQ:GLBE) reported fourth-quarter 2025 gross merchandise volume (GMV) of $2.361 billion, an increase of 37.8% year over year, while revenue reached $336.7 million, up 28% from the prior-year period.

The strong top-line performance reflected accelerated growth in both existing merchant relationships and new client wins, particularly in high-value categories.

For the full year 2025, GMV totaled $6.569 billion, up 35% year over year, while adjusted EBITDA rose 41% to $198.5 million, demonstrating meaningful operating leverage as the company scaled its platform and realized efficiencies in technology and go-to-market investments.

The company also executed $72 million in share repurchases during the fourth quarter under its authorized buyback program.

Looking to 2026, Global-e issued guidance projecting revenue in the range of $1.211 billion to $1.271 billion, representing growth of approximately 26% to 32% at the midpoint from 2025 levels.

Adjusted EBITDA is expected to be between $259 million and $284 million.

Global-e posts record Q4 GMV of $2.36B, up 38%

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