Global-e GMV, retention and new-merchant GMV, 2023 to 2025
Version 1. 3 rows, 5 columns.
By Martin DejnickiUpdated Data through 2025
Short answer
Gross merchandise value (GMV) as Global-e defines it, the GMV growth Global-e states, net dollar retention and GMV from merchants onboarded in the year, for 2023 to 2025. Sources: Global-E Online Ltd. Forms 20-F for 2023, 2024 and 2025, retrieved October 18, 2026.
Global-e's GMV rose from $3,557 million in 2023 to $6,569 million in 2025
Gross merchandise value as Global-e defines it, by fiscal year, USD millions, 2023 to 2025
- GMV is gross merchandise value as Global-e defines it in its Form 20-F.
- Growth of 37% in 2024 and 35% in 2025 is computed by Deploi; Global-e stated 45% growth for 2023.
- Net dollar retention, as defined in the Form 20-F, was 127% in 2023, 119% in 2024 and 122% in 2025; the 2023 figure excludes Borderfree, acquired in 2022, so it is not on the same basis as the later years.
- The dataset does not split GMV by merchant platform, so Managed Markets' share is not shown.
Source: Global-E Online Ltd. Forms 20-F for 2023, 2024 and 2025. Read on .
About this dataset
Gross merchandise value (GMV) as Global-e defines it, the GMV growth Global-e states, net dollar retention and GMV from merchants onboarded in the year, for 2023 to 2025. Sources: Global-E Online Ltd. Forms 20-F for 2023, 2024 and 2025, retrieved October 18, 2026.
- Version
- 1
- Coverage in time
- 2023 to 2025
- Coverage in space
- Worldwide
- Last updated
- October 18, 2026
- License
- CC BY 4.0. Deploi's compilation is CC BY 4.0. The underlying figures belong to their publishers and are cited to the sources listed.
Variables
The CSV header uses the column name.
| Column name | Label | Type | Unit | Meaning |
|---|---|---|---|---|
| rowKey | Fiscal year | string | Stable key of the row; matches provenance rowKey. | |
| gmvUsdM | GMV | number | USD million | Gross merchandise value as Global-e defines it in its Form 20-F, in USD millions. |
| gmvGrowthPctStated | GMV growth, as stated | number | % | Year-on-year GMV growth as Global-e prints it in its Forms 20-F. |
| netDollarRetentionPct | Net dollar retention | number | % | Net dollar retention as defined in the Form 20-F. |
| newMerchantGmvUsdM | GMV from new merchants | number | USD million | GMV from merchants onboarded in the year, in USD millions; held for 2023 only. |
The data
| Fiscal year | GMV (USD million) | GMV growth, as stated (%) | Net dollar retention (%) | GMV from new merchants (USD million) |
|---|---|---|---|---|
| 2023 | 3,557 | 45 | 127 | 403 |
| 2024 | 4,858 | 36.6 | 119 | Not stated |
| 2025 | 6,569 | 35.2 | 122 | Not stated |
Where each value comes from
Every value, the document it was read from, the exact place in it and the date it was read. Computed values show their formula.
Show all 10 traced values
| Row | Field | Value | Source | Where in the source | Read on | Method |
|---|---|---|---|---|---|---|
| 2023 | GMV | 3,557 USD million | Global-E Online Ltd., Form 20-F for the fiscal year ended December 31, 2023, filed 2024-03-28 | Our GMV amounted to $1,449 million, $2,450 million and $3,557 million in 2021, 2022 and 2023, respectively, representing an increase of 69% and 45% in the… | html | |
| 2023 | GMV growth, as stated | 45 % | Global-E Online Ltd., Form 20-F for the fiscal year ended December 31, 2023, filed 2024-03-28 | …and $3,557 million in 2021, 2022 and 2023, respectively, representing an increase of 69% and 45% in the years ended December 31, 2022 and 2023, respectively. | html | |
| 2023 | Net dollar retention | 127 % | Global-E Online Ltd., Form 20-F for the fiscal year ended December 31, 2023, filed 2024-03-28 | Our Net Dollar Retention Rate for the years ended December 31, 2022 and 2023 was 130% and 127%, respectively. | html | |
| 2023 | GMV from new merchants | 403 USD million | Global-E Online Ltd., Form 20-F for the fiscal year ended December 31, 2023, filed 2024-03-28 | In the year ended December 31, 2023, new merchants, generated GMV of $403 million compared to $562 million. | html | |
| 2024 | GMV | 4,858 USD million | Global-E Online Ltd., Form 20-F for the fiscal year ended December 31, 2023, filed 2024-03-28 | Gross Merchandise Value 2,450 3,557 4,858 | html | |
| 2024 | Net dollar retention | 119 % | Global-E Online Ltd., Form 20-F for the fiscal year ended December 31, 2024, filed 2025-03-27 | Our Net Dollar Retention Rate for the years ended December 31, 2023, and 2024 was 127% and 119%, respectively. | html | |
| 2025 | GMV | 6,569 USD million | Global-E Online Ltd., Form 20-F for the fiscal year ended December 31, 2023, filed 2024-03-28 | Gross Merchandise Value 3,557 4,858 6,569 | html | |
| 2025 | Net dollar retention | 122 % | Global-E Online Ltd., Form 20-F for the fiscal year ended December 31, 2025, filed 2026-03-26 | Our Net Dollar Retention Rate for the years ended December 31, 2024, and 2025 was 119% and 122%, respectively. | html | |
| 2024 | GMV growth, as stated | 36.6 % | Global-E Online Ltd., Form 20-F for the fiscal year ended December 31, 2025, filed 2026-03-26 | representing an increase of 36.6% and 35.2% in the years ended December 31, 2024 and 2025, respectively | ruled | |
| 2025 | GMV growth, as stated | 35.2 % | Global-E Online Ltd., Form 20-F for the fiscal year ended December 31, 2025, filed 2026-03-26 | representing an increase of 36.6% and 35.2% in the years ended December 31, 2024 and 2025, respectively | ruled |
Methodology
Caveats: Global-e GMV, retention and new-merchant GMV, 2023 to 2025
- The dataset does not split GMV by merchant platform, so the share that comes from Shopify Managed Markets is not shown.
- Stated growth is as Global-e prints it: 45% for 2023 in the fiscal 2023 Form 20-F, and 36.6% for 2024 and 35.2% for 2025 in the fiscal 2025 Form 20-F. Growth on the story page is the later GMV divided by the earlier GMV, minus 1, computed by Deploi.
- Net dollar retention is defined in the Form 20-F; the dataset records its value, not the formula. The Form 20-F says the 2023 figure excludes Borderfree, acquired in 2022, so 2023 is not on the same basis as 2024 and 2025.
- GMV from new merchants is held for 2023 only; empty cells mean the dataset holds no value.
Deploi's charts and compilation are licensed CC BY 4.0. The underlying facts belong to their sources, which are named on every page. How Deploi Shopify Data works.
Sources
Tier A sources are primary documents: filings, official releases and official price pages. How sources are ranked.
- Tier AGlobal-E Online Ltd., Form 20-F for the fiscal year ended December 31, 2023, filed 2024-03-28
Global-E Online Ltd. · HTML · Read on
- Tier AGlobal-E Online Ltd., Form 20-F for the fiscal year ended December 31, 2024, filed 2025-03-27
Global-E Online Ltd. · HTML · Read on
- Tier AGlobal-E Online Ltd., Form 20-F for the fiscal year ended December 31, 2025, filed 2026-03-26
Global-E Online Ltd. · HTML · Read on
Cite and reuse
Deploi's charts and compilation are licensed CC BY 4.0. The underlying facts belong to their sources, which are named on every page.
APA
Deploi. (2026). Global-e GMV, retention and new-merchant GMV, 2023 to 2025 (Version 1) [Data set]. https://deploi.ca/shopify/data/datasets/global-e-scale Retrieved October 18, 2026.
BibTeX
@misc{deploi_global_e_scale_2026,
author = {{Deploi}},
title = {Global-e GMV, retention and new-merchant GMV, 2023 to 2025},
year = {2026},
version = {1},
url = {https://deploi.ca/shopify/data/datasets/global-e-scale},
note = {Accessed 2026-10-18}
}Downloads
- Data: Global-e GMV, retention and new-merchant GMV, 2023 to 2025 CSV
Changes
- · Global-e GMV, retention and new-merchant GMV, 2023 to 2025
First published.