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Global-e Online
(NASDAQ:GLBE)
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Rating:75Outperform
Price Target:
$43.00
▲(26.81% Upside)
Action:Reiterated
Date:06/02/26
The score is driven primarily by strengthened financial performance (profitability and strong free cash flow with minimal leverage) and a beat-and-raise earnings call with expanding EBITDA margins. Offsetting factors are a mixed technical picture and a high P/E with no dividend support, which increases sensitivity if growth decelerates or FX/geopolitical headwinds persist.
Positive Factors
Strong cash generation
Robust OCF and FCF (TTM) with free cash flow tracking net income near 1:1 indicate high earnings quality and durable cash conversion. This cash engine, together with conservative leverage, supports buybacks, M&A funding, and reinvestment without stressing the balance sheet over the medium term.
Negative Factors
Growth deceleration
Revenue growth has materially slowed from the very high rates seen in 2021–2023 to more moderate TTM/2025 levels. If top-line momentum weakens further, the company will need to rely on continued margin expansion and product monetization to sustain earnings, increasing execution and demand-risk over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Robust OCF and FCF (TTM) with free cash flow tracking net income near 1:1 indicate high earnings quality and durable cash conversion. This cash engine, together with conservative leverage, supports buybacks, M&A funding, and reinvestment without stressing the balance sheet over the medium term.
Read all positive factors
Global-e Online Key Performance Indicators (KPIs)
Any
Revenue by Geography
Shows which countries or regions drive the company’s sales, highlighting where Global-e is gaining traction and where it may be exposed to currency moves, tariffs, or local competition. Persistent concentration in a few markets signals higher risk, while broad geographic growth points to scalable cross-border demand.
Shows which countries or regions drive the company’s sales, highlighting where Global-e is gaining traction and where it may be exposed to currency moves, tariffs, or local competition. Persistent concentration in a few markets signals higher risk, while broad geographic growth points to scalable cross-border demand.
Data provided by:
The Fly
The FlyGlobal-e Online (GLBE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.39B
Dividend YieldN/A
Average Volume (3M)1.49M
Price to Earnings (P/E)53.1
Beta (1Y)1.73
Revenue Growth28.57%
EPS GrowthN/A
CountryUS
Employees1,219
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.69
Shares Outstanding167,568,280
10 Day Avg. Volume992,995
30 Day Avg. Volume1,491,014
Financial Highlights & Ratios
PEG Ratio-0.52
Price to Book (P/B)7.16
Price to Sales (P/S)6.94
P/FCF Ratio23.79
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$42.44Price Target Upside25.17% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)1.13
Revenue Forecast (FY)$1.26B
Global-e Online Business Overview & Revenue Model
Company Description
Global-E Online Ltd., along with its affiliated companies, operates a technology platform specifically designed to facilitate and expedite direct-to-consumer international online sales. This system enables businesses to effectively reach a worldwi...
How the Company Makes Money
Global-e primarily makes money by charging merchants for enabling and operating cross-border transactions through its platform. Its revenue model is generally tied to gross merchandise value (GMV) processed and/or transaction activity, with fees t...
Global-e Online Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Positive
The call communicated strong, profitable top-line growth with materially improved margins, raised guidance, efficient R&D and clear execution on product and merchant expansion. Notable near-term headwinds include localized geopolitical disruption, reduced FX tailwinds versus Q1, seasonal cash outflow and some timing-related delays (e.g., duty drawback adoption and modest early monetization of borderfree). Overall the positives — large YoY GMV and revenue gains, significant EBITDA expansion, improved gross margins, raised full-year guidance, healthy cash balance and ongoing product momentum (Managed Markets v2, AI, duty drawback, borderfree) — substantially outweigh the contained operational and macro uncertainties highlighted on the call.Positive Updates
Strong GMV Growth
GMV increased 40% year-over-year to $1.742 billion in Q1 2026, driving top-line volume expansion and supporting updated full-year GMV guidance of $8.53B–$8.88B (midpoint growth ~32.5%).
Negative Updates
Geopolitical Headwinds (Iran Conflict)
Ongoing conflict with Iran temporarily reduced volumes into affected Middle East / GCC corridors (about 5% of inbound GMV), producing a modest negative impact (~just above 1% estimated) on Q1 results and creating near-term uncertainty.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong GMV Growth
GMV increased 40% year-over-year to $1.742 billion in Q1 2026, driving top-line volume expansion and supporting updated full-year GMV guidance of $8.53B–$8.88B (midpoint growth ~32.5%).
Read all positive updates
Company Guidance
Global‑E raised its 2026 outlook: Q2 GMV is guided to $1.945–1.985 billion (midpoint +35.2% y/y), Q2 revenue to $278.5–285.5 million (+31.2% y/y) and Q2 adjusted EBITDA to $55–58 million (≈20% margin at midpoint). For full‑year 2026 the company now expects GMV of $8.53–8.88 billion (midpoint +32.5% y/y), revenue of $1.22–1.28 billion (midpoint +29.9%) and adjusted EBITDA of $264.5–289.5 million (midpoint +39.5% y/y and a 22.2% margin). Management noted the guide assumes materially lower FX tailwinds after Q1, Q2 same‑store sales above historical ranges with back‑half normalization toward multiyear averages, and continued operational leverage to drive margin expansion.Global-e Online Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.02B | 962.20M | 752.76M | 569.95M | 409.05M | 245.27M |
| Gross Profit | 467.05M | 436.25M | 339.43M | 233.60M | 158.18M | 91.43M |
| EBITDA | 147.43M | 92.65M | 101.61M | 40.88M | -159.91M | -65.33M |
| Net Income | 116.48M | 68.27M | -75.55M | -133.81M | -195.41M | -74.93M |
Balance Sheet | ||||||
| Total Assets | 1.30B | 1.46B | 1.26B | 1.20B | 1.16B | 846.13M |
| Cash, Cash Equivalents and Short-Term Investments | 552.53M | 622.84M | 474.44M | 317.42M | 228.20M | 509.07M |
| Total Debt | 23.90M | 23.50M | 24.86M | 23.32M | 19.82M | 21.32M |
| Total Liabilities | 389.99M | 530.10M | 370.05M | 300.38M | 234.48M | 150.38M |
| Stockholders Equity | 911.39M | 932.68M | 893.43M | 901.98M | 928.12M | 695.75M |
Cash Flow | ||||||
| Free Cash Flow | 280.36M | 280.68M | 167.06M | 106.48M | 73.13M | 12.87M |
| Operating Cash Flow | 283.28M | 283.78M | 169.39M | 108.22M | 81.48M | 15.75M |
| Investing Cash Flow | -161.04M | -180.71M | -105.12M | -55.04M | -330.10M | -40.49M |
| Financing Cash Flow | -129.90M | -70.83M | 3.28M | 1.99M | 1.24M | 398.61M |
Global-e Online Technical Analysis
Positive
33.91
Price Trends
33.03
Positive
32.88
Positive
34.84
Positive
Market Momentum
1.63
Negative
62.76
Neutral
68.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLBE, the sentiment is Positive. The current price of 33.91 is below the 20-day moving average (MA) of 36.19, above the 50-day MA of 33.03, and below the 200-day MA of 34.84, indicating a bullish trend. The MACD of 1.63 indicates Negative momentum. The RSI at 62.76 is Neutral, neither overbought nor oversold. The STOCH value of 68.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GLBE.
Global-e Online Risk Analysis
Global-e Online disclosed 1 risk factors in its most recent earnings report. Global-e Online reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Global-e Online Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $6.39B | 53.08 | 12.64% | ― | 28.57% | ― | |
69 Neutral | $1.78B | 28.92 | 12.85% | ― | 10.02% | 26.46% | |
67 Neutral | $7.98B | 29.08 | -25.47% | ― | 1.78% | 75.71% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | $11.79B | -37.67 | 10.98% | ― | 6.80% | 18.24% | |
55 Neutral | $851.67M | -38.40 | -36.11% | ― | 10.25% | 70.25% | |
47 Neutral | $805.04M | -6.16 | -194.88% | ― | 31.79% | 21.93% |
* Consumer Cyclical Sector Average
GLBE
Global-e Online
36.58
2.23
6.49%
W
Wayfair
87.76
31.34
55.55%
ETSY
Etsy
84.03
23.62
39.10%
JMIA
Jumia Technologies AG
6.33
1.66
35.55%
RVLV
Revolve Group
26.03
4.81
22.67%
TDUP
thredUP
6.59
-1.79
-21.36%
Global-e Online Corporate Events
Global-e Completes $350 Million Acquisition of Passport to Bolster Cross-Border Logistics
Jul 1, 2026
On July 1, 2026, Global-e Online closed its $350 million acquisition of Passport Global Inc., a U.S.-based cross-border e-commerce logistics and solutions provider, financed in roughly equal parts by cash and Global-e shares, with up to $75 millio...
Global-e Board Approves New $500 Million Share Repurchase Program
Jun 4, 2026
On June 4, 2026, Israel-based Global-e Online announced that its board approved a new share repurchase program of up to $500 million of its ordinary shares, classified as a “distribution” under Israeli companies law and subject to comp...
Global-e to Acquire Passport for $350 Million to Bolster Cross-Border Logistics
May 26, 2026
On May 26, 2026, Israel-based Global-e Online announced a definitive agreement to acquire Passport Global Inc., a U.S. cross-border e-commerce logistics and solutions provider, for $350 million in upfront consideration, split between cash and Glob...
Global-e Lifts 2026 Outlook After Strong First-Quarter GMV and Profit Gains
May 13, 2026
On May 13, 2026, Global-e reported first-quarter 2026 results showing renewed high-growth performance, with gross merchandise value up 40% year on year to $1.74 billion and revenue up 33% to $252.1 million. Profitability also improved, as adjusted...
Global-E Online Shareholders Approve All Proposals at May 2026 Annual Meeting
May 12, 2026
On May 11, 2026, Global-E Online Ltd. held its Annual General Meeting of Shareholders at its headquarters in Petah-Tikva, Israel, where investors voted on a slate of proposals outlined in advance proxy materials. Shareholders approved every propos...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.