EarningsQ2 2026 Earnings Report
MX:GLBEN Q2 2026 EPS Results
Actual EPS$4.94
Consensus EPS$3.95
Beat/MissBeat by +$0.99
One Year Ago EPS$1.10
MX:GLBEN Q2 2026 Revenue Results
Actual Revenue$5.47B
Expected Revenue$5.18B
Beat/MissBeat by +$290.92M
YoY Revenue Growth+39.15%
Earnings Announcement Details
QuarterQ2 2026
Date08/12/2026
TimeBefore Open
Conference CallWednesday, August 12, 2026
MX:GLBEN Upcoming Earnings
Global-e Online's next earnings date is estimated for November 18, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:GLBEN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong top-line acceleration (GMV +44%, revenue +39%), meaningful profitability expansion (adjusted EBITDA +62% and margin expansion), raised guidance, a strategic acquisition (Passport), continued product rollouts (Managed Markets V2) and healthy cash generation and buybacks. Headwinds include temporary gross margin pressure from fuel surcharge volatility, some one-time revenue accounting impacts from Managed Markets migration, modest near-term EBITDA contribution from Passport, and ongoing take-rate/mix complexity. Overall, the positives—substantial revenue and EBITDA growth, upgraded guidance, strategic M&A, and strong cash flow—outweigh the operational and mix-related challenges.Company Guidance
Material GMV and Revenue Acceleration
GMV grew 44% YoY to $2.089 billion in Q2 2026 (first time >$2B in a non-peak quarter). Revenue increased 39% YoY to $299 million; last-12-month revenue exceeded $1 billion for the second consecutive quarter.
Strong Adjusted EBITDA Growth and Margin Expansion
Adjusted EBITDA was $62.4 million, up 62% YoY, driving an adjusted EBITDA margin of ~20.9% (up >300 basis points YoY). Non-GAAP net profit rose to $64.9 million from $37.9 million a year ago.
Raised Full-Year and Q3 Guidance
Updated 2026 guidance: GMV $8.81B–$9.11B (midpoint +36.4% YoY), revenue $1.305B–$1.355B (midpoint +38% YoY), adjusted EBITDA $278M–$300M (midpoint +46%, margin ~21.7%). Q3 GMV guided to $1.995B–$2.045B (midpoint +34% YoY) and Q3 revenue $308.5M–$315.5M ( >41% YoY at midpoint).
Passport Acquisition and Logistics Expansion
Closed acquisition of Passport (asset-light logistics). Passport expected to generate >$100M revenue this year, to contribute ~$55M–$59M to H2 2026 revenue, recently turned adjusted EBITDA and cash flow positive, and is growing ahead of Global-e.
Share Repurchase Execution and Capital Return
Completed $200M 2025 repurchase plan and repurchased ~ $68M in Q2 (total 5.7M shares repurchased to date). Board approved a new $500M buyback program to commence.
Managed Markets V2 Rollout and International Expansion
Migrated V1 merchants to Managed Markets V2 (migration completed in Q2) and expanded Managed Markets availability to Canada and the U.K.; early adoption and merchant feedback are positive with increasing onboarding and trading volumes.
Growing Adoption of Value-Added Services and AI
Borderfree.com surpassed 10 million unique visits in the last 12 months and now drives ~6.5% of sales for participating merchants. Duty drawback adoption initiated in U.S.; company is rolling AI across R&D, ops, merchant services and support to improve service levels and reduce cost to serve.
Healthy Cash Generation and Balance Sheet
Ended Q2 with $530M in cash and equivalents. Q2 free cash flow was $73.2M and net cash from operating activities was $73.6M, underpinning buybacks and strategic investments.
MX:GLBEN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed