Global-E Online reported first quarter 2026 results showing gross merchandise value increased 40% year-over-year to $1.74 billion and revenue grew 33% to $252.1 million.
Global-E shares jumped 7.4% in premarket trading.
The e-commerce platform company’s adjusted EBITDA reached $50.2 million, up 59% from $31.6 million in the prior year quarter. Adjusted EBITDA margins expanded 330 basis points to 19.9%.
Service fees revenue totaled $120.8 million while fulfillment services revenue was $131.3 million. Non-GAAP gross profit increased 37% to $118.5 million, with non-GAAP gross margin improving to 47% from 45.4% in the prior year.
Net profit for the quarter was $30.4 million compared to a net loss of $17.9 million in the first quarter of 2025. Non-GAAP net profit reached $46.9 million versus $32.4 million in the prior year period.
The company executed $59 million in share repurchases during the quarter, bringing total repurchases under its $200 million program to approximately $131 million.
Global-e raised its full year 2026 guidance across all metrics. The company now expects GMV of $8.53-$8.88 billion, up from previous guidance of $8.45-$8.80 billion. Revenue guidance increased to $1.22-$1.28 billion from $1.21-$1.27 billion previously. Adjusted EBITDA guidance rose to $264.5-$289.5 million from $259-$284 million.
For the second quarter, Global-e projects GMV of $1.95-$1.99 billion, revenue of $278.5-$285.5 million, and adjusted EBITDA of $55-$58 million.
The company added new enterprise brands during the quarter including Gallery Department, Andie Swim, Fresh, and Quadrant. Global-e also expanded its relationship with existing merchants like Alo Yoga and Figs into additional markets.
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