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Israeli platform that lets retailers sell internationally, handling cross-border shipping, duties, tax and payments.
Israeli platform that lets retailers sell internationally, handling cross-border shipping, duties, tax and payments.
Takes a share of the value of each cross-border order that goes through its checkout, plus fees on the shipping and duties it arranges, so revenue rises with the volume merchants sell abroad rather than a flat software fee. It acts as the merchant of record, taking on tax collection and compliance so retailers do not have to. Shopify, its biggest channel, is also a shareholder.
Moat: narrow (switching costs, installed base, data). Once integrated into a retailer's checkout, replacing cross-border logistics/tax plumbing is disruptive.
Headquarters: Herzliya, Israel · Founded: 2013 · Employees: 1,219
Size Global-e Online (GLBE) is a United States Consumer Discretionary company (Internet Retail) with a market value of $7.22B, the 945th largest of 3,117 United States companies the cockpit tracks. Shares closed at $42.97 on 6 Nov 2026.
Performance Over six months the shares gained 44.2%, against +7.8% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 11 in its peer set.
Growth Revenue grew 31.4% over the last twelve months (peer median +11.1%); the operating margin is 14.3% (peer median 12.5%).
Valuation It trades at 30.9× forward earnings against a peer median of 19.6× (2nd most expensive of 9).
Price implies For today's price to make sense, revenue must grow about 23% a year for seven years (Req g). Recent delivered growth is +48%, so the hurdle is -24 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 21.0 points above its cost of capital (10.3% WACC).
Short interest Short interest is 2.5% of the free float (15 Oct 2026).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.11B | $962M | $753M | $570M | $409M |
| Revenue growth | — | +28% | +32% | +39% | — |
| Gross profit | $491M | $426M | $331M | $224M | $140M |
| EBITDA | $182M | $93.8M | -$47.0M | -$103M | -$139M |
| Net income | $154M | $68.3M | -$75.5M | -$134M | -$195M |
| Free cash flow | $307M | $281M | $167M | $106M | $73.1M |
| Capital expenditure | $2.12M | $3.10M | $2.33M | $1.74M | $8.35M |
| Total debt | $25.4M | $23.5M | $24.9M | $23.3M | $19.8M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Global-e Online GLBE | $7.22B | +44% | +31% | 14% | 30.9× | 23.4% |
| Shopify SHOP.TO | $193B | +38% | +32% | 18% | 67.4× | 54.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GLBE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.0% | +3.0% | 5th highest of 11 |
| 6-month return | +44.2% | +7.8% | highest of 11 |
| Distance from 52-week high | -5.1% | -22.8% | 2nd highest of 11 |
| Revenue growth (TTM) | +31.4% | +11.1% | 2nd highest of 11 |
| Operating margin | 14.3% | 12.5% | 6th highest of 11 |
| Forward P/E | 30.9× | 19.6× | 2nd most expensive of 9 |
| Growth the price implies (Req g, 7 yrs) | 23.4% | -0.8% | most demanding of 8 |
| Growth delivered (Del g) | +47.8% | +9.2% | highest of 8 |
| Hurdle (Req g minus delivered) | -24.4 pp | -9.5 pp | least demanding of 8 |
| ROIC minus cost of capital | +21.0 pp | +7.3 pp | 3rd highest of 10 |
| EV / EBITDA | 36.8× | 12.0× | most expensive of 7 |
| Net debt / EBITDA | -2.8× | 0.9× | least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Global-e Online GLBE | United States | $7.22B | +44% | +31% | 14% | 30.9× | 23.4% | +47.8% |
| Zalando ZAL.DE | Germany | $7.64B | +42% | +18% | 4% | 19.6× | 7.6% | +9.1% |
| Etsy ETSY | United States | $7.75B | +40% | +1% | 18% | 19.7× | 12.8% | +10.8% |
| Vipshop Holdings Ltd Sponsored ADR VIPS | United States | $6.55B | -4% | +2% | 7% | 5.4× | -20.3% | 0.0% |
| Zozo 3092.T | Japan | $6.41B | +8% | +6% | 30% | 19.6× | -5.0% | +9.2% |
| Rakuten 4755.T | Japan | $8.59B | -18% | +11% | 6% | n/a | -2.0% | +11.4% |
| Chewy CHWY | United States | $9.07B | -2% | +6% | 3% | 24.1× | 16.8% | +12.0% |
| USS 4732.T | Japan | $5.34B | +8% | +11% | 52% | 18.7× | -0.8% | +8.7% |
| FSN E-Commerce Ventures NYKAA.NS | India | $10.7B | +31% | +28% | 5% | 209.2× | n/a | n/a |
| Mercari 4385.T | Japan | $3.76B | -5% | +19% | 19% | 15.6× | n/a | n/a |
| Xingyun Technology 300209.SZ | China | $3.15B | +30% | +978% | 23% | n/a | n/a | n/a |