Global-E Online (GLBE) investor relations material

Executive summary

• Achieved 44% year-over-year GMV growth and 39% revenue growth in Q2 2026, exceeding guidance and raising full-year outlook for GMV, revenue, and adjusted EBITDA.

• Adjusted EBITDA margin expanded by 300 basis points year-over-year to 20.9% in Q2 2026, with annual margin guidance at 22%.

• Closed the acquisition of Passport, enhancing logistics capabilities and expanding addressable market.

• Expanded merchant base and launched with major global brands across North America, EMEA, and APAC, including Ferrari and McLaren.

• Expanded AI integration across operations, improving efficiency and service quality.

Financial highlights

• Q2 2026 GMV reached $2,089 million, up 44% year-over-year; revenue was $299.0 million, up 39% year-over-year.

• Adjusted EBITDA was $87.2 million in Q2 2026, up 52.8% year-over-year; non-GAAP net profit was $64.9 million ($0.37 per share), up from $37.9 million ($0.22 per share) a year ago.

• Free cash flow for Q2 2026 was $73.2 million, up from $63.5 million in Q2 2025.

• Net profit for Q2 2026 was $47.7 million; net cash from operating activities was $73.6 million.

• Non-GAAP gross profit was $135.4 million (up 36% YoY); GAAP gross profit was $131.9 million.

Outlook and guidance

• Raised full-year 2026 GMV guidance to $8.81–$9.11 billion (36.4% growth at midpoint); revenue to $1.305–$1.355 billion (38% growth at midpoint); adjusted EBITDA to $278–$300 million.

• Q3 2026 GMV guidance: $1,995–$2,045 million; revenue: $308.5–$315.5 million; adjusted EBITDA: $58.5–$62.5 million.

• Passport expected to contribute $55–$59 million in revenue and $3–$4 million in adjusted EBITDA in H2 2026.

• Organic revenue growth projected at 32% for FY26.