Highlights

  • Global-e increased merchandise volume, revenue and adjusted EBITDA during the second quarter, while free cash flow also advanced.
  • Management raised every annual guidance metric, including higher revenue and adjusted EBITDA ranges than its previously announced forecasts.
  • The updated outlook includes Passport’s expected second-half contribution following completion of the logistics acquisition at the start of July.
  • Global-e appointed a new chief revenue officer effective October, following his leadership of the SMB and channel division.

Passport’s addition to the business accompanies a higher annual forecast at Global-e Online Ltd. (NASDAQ:GLBE), following a second quarter of expanding cross-border commerce activity. Results released on 12 August 2026 showed revenue increasing 39% and adjusted EBITDA rising 62%. The updated outlook includes the acquired logistics business, separating the completed purchase from its expected future contribution.

Merchandise Volume and Revenue Expand

Gross merchandise value reached USD 2,089 million, up 44%. Revenue increased to USD 299.0 million, comprising USD 139.4 million in service fees and USD 159.6 million in fulfilment services.

Those lines represent different components of the company’s offering to merchants selling to shoppers abroad. The supplied material does not provide the full margin breakdown for each revenue line, so the sales mix alone cannot establish their relative profit contributions.

Adjusted EBITDA increased to USD 62.4 million, representing a 20.9% margin. GAAP net income was USD 47.7 million, while non-GAAP net profit totalled USD 64.9 million. Each measure should retain its stated accounting basis.

Cash Generation Adds to the Results

Free cash flow reached USD 73.2 million, compared with USD 63.5 million a year earlier. That improvement accompanied the higher revenue and adjusted EBITDA figures.

The core reported results nevertheless show growth in merchandise volume, revenue, adjusted EBITDA and free cash flow. None of those quarterly figures includes Passport as an already consolidated second-quarter acquisition, because the purchase closed after the period ended.

Passport Enters the Second-Half Outlook

The acquisition of Passport, a US e-commerce logistics business, closed on 1 July 2026. The revised guidance includes approximately USD 60 million of merchandise volume and USD 55–59 million of revenue from Passport during the second half.

Those contributions are expectations rather than reported second-half results. The supplied summary does not disclose the acquisition price or establish the final contribution that will be recognised.

The annual revenue increase therefore incorporates an acquired-business element. It should not be described wholly as organic expansion, since the company explicitly includes Passport in its forecast.

Higher Forecasts Cover All Guidance Metrics

Full-year merchandise volume guidance increased to USD 8.81–9.11 billion from USD 8.53–8.88 billion. Revenue guidance rose to USD 1,305–1,355 million from USD 1,220–1,280 million.

Adjusted EBITDA guidance increased to USD 278–300 million, compared with USD 264.5–289.5 million previously. For the third quarter, management forecast merchandise volume of USD 1,995–2,045 million, revenue of USD 308.5–315.5 million and adjusted EBITDA of USD 58.5–62.5 million.

These forecasts remain separate from the second-quarter results. The source does not confirm the date of the third-quarter announcement.

A later management development saw Tomer Gold become Chief Revenue Officer from 1 October, after leading the SMB and channel division. The material does not quantify a financial effect from that appointment. Further results would be needed to establish delivery against the raised ranges and the actual contribution from Passport following integration.