Global Partners LP (GLP) Income Statement
GLP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGLP revenue and net income
Where GLP's revenue goes
2025Each bar shows an amount and its share of revenue. GLP kept 0.4% of revenue as net income.
GLP profit margins
GLP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.1% | −0.6% | +17.4% | +6.1% |
| Gross profit | −53.5% | −23.5% | −7.4% | −1.9% |
| Operating income | −23.9% | −25.4% | −0.1% | +5.2% |
| Net income | −26.4% | −39.8% | −5.0% | +6.2% |
| EPS (diluted) | −12.8% | −40.5% | −5.5% | +6.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GLP quarterly EPS vs estimates
Global Partners beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 6, 2026 (estimate $1.48).
GLP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.56B | $17.16B | $16.49B | $18.88B | $13.25B | $8.32B | $13.08B | $12.67B | $8.92B | $8.24B |
| Cost of revenue | $18.07B | $16.11B | $15.52B | $17.78B | $12.53B | $7.60B | $12.42B | $12.02B | $8.34B | $7.69B |
| Gross profit | $491.6M | $1.06B | $973.6M | $1.10B | $719.3M | $721.1M | $662.8M | $650.4M | $583.1M | $546.5M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $305.7M | $292.1M | $273.3M | $321.3M | $259.6M | $192.5M | $213.0M | $109.4M | $163.3M | $149.7M |
| Total operating expenses | $300.3M | $806.7M | $729.9M | $637.4M | $577.0M | $528.9M | $523.5M | $450.4M | $464.1M | $447.6M |
| Operating income | $191.3M | $251.2M | $243.8M | $460.3M | $142.2M | $192.3M | $139.2M | $197.2M | $119.8M | −$152.3M |
| Interest income | $132.7M | $136.3M | $83.1M | $81.3M | $80.1M | $83.5M | $89.9M | $89.1M | $86.2M | $86.3M |
| Interest expense | $137.2M | $134.8M | $85.6M | $81.3M | $80.1M | $83.5M | $89.9M | $89.1M | $86.2M | $86.3M |
| Income before taxes | $99.0M | $114.9M | $160.6M | $379.0M | $62.1M | $101.6M | $36.3M | $108.0M | $33.6M | −$238.6M |
| Income taxes | $1.1M | $4.6M | $8.1M | $16.8M | $1.3M | −$119,000 | $1.1M | $5.6M | −$23.6M | $53,000 |
| Net income | $79.2M | $107.7M | $152.5M | $362.2M | $60.8M | $102.2M | $35.9M | $103.9M | $58.8M | −$199.4M |
| EBITDA | $378.8M | $389.4M | $356.4M | $565.1M | $244.5M | $285.2M | $234.3M | $304.0M | $225.4M | −$42.1M |
| EPS (diluted) | $2.11 | $2.42 | $3.76 | $10.03 | $1.33 | $2.80 | $1.11 | $1.48 | $1.17 | $1.35 |
| Gross margin | 2.6% | 6.2% | 5.9% | 5.8% | 5.4% | 8.7% | 5.1% | 5.1% | 6.5% | 6.6% |
| Operating margin | 1.0% | 1.5% | 1.5% | 2.4% | 1.1% | 2.3% | 1.1% | 1.6% | 1.3% | −1.8% |
| Net margin | 0.4% | 0.6% | 0.9% | 1.9% | 0.5% | 1.2% | 0.3% | 0.8% | 0.7% | −2.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.79B | $5.32B | $4.65B | $4.69B | $4.63B | $4.59B | $4.19B | $4.42B | $4.41B | $4.15B | $4.41B | $4.22B |
| Cost of revenue | $6.46B | $4.87B | $4.43B | $4.42B | $4.50B | $4.34B | $3.92B | $4.14B | $4.12B | $4.05B | $4.13B | $3.99B |
| Gross profit | $328.9M | $450.0M | $220.5M | $271.4M | $131.7M | $255.2M | $268.8M | $286.0M | $287.9M | $94.2M | $280.4M | $228.5M |
| Sales, general & admin | $83.0M | $99.3M | $80.9M | $76.3M | $74.8M | $73.7M | $79.4M | $70.5M | $72.4M | $69.8M | $81.3M | $63.5M |
| Total operating expenses | $221.6M | $97.9M | $204.1M | $210.0M | $73.4M | $199.4M | $210.8M | $202.6M | $204.0M | $68.1M | $198.8M | $180.5M |
| Operating income | $107.4M | $352.1M | $16.4M | $61.4M | $58.3M | $55.9M | $58.1M | $83.5M | $83.9M | $26.1M | $81.6M | $48.0M |
| Interest income | — | — | $31.8M | $32.7M | $32.2M | $36.0M | $34.1M | $35.3M | — | — | — | $19.9M |
| Interest expense | $33.1M | $35.5M | $33.3M | $33.3M | $34.5M | $36.0M | $34.4M | $35.1M | $35.5M | $29.7M | $20.7M | $21.1M |
| Income before taxes | $76.3M | $71.0M | $25.4M | $28.6M | $25.1M | $19.9M | $24.0M | $48.2M | $48.0M | −$5.2M | $61.1M | $28.1M |
| Income taxes | $5.3M | $839,000 | $392,000 | −$447,000 | −$112,000 | $1.2M | $148,000 | $2.3M | $1.8M | $363,000 | $5.8M | $1.3M |
| Net income | $63.3M | $64.7M | $20.1M | $24.2M | $20.6M | $18.7M | $23.9M | $45.9M | $43.5M | −$8.7M | $55.3M | $26.8M |
| EBITDA | $146.0M | $71.1M | $94.1M | $97.1M | $95.7M | $91.9M | $94.6M | $119.1M | $118.8M | $56.9M | $110.9M | $76.7M |
| EPS (diluted) | $1.86 | $1.85 | $0.54 | $0.66 | $0.55 | $0.36 | $0.52 | $1.17 | $1.10 | −$0.37 | $1.41 | $0.60 |
| Gross margin | 4.8% | 8.5% | 4.7% | 5.8% | 2.8% | 5.6% | 6.4% | 6.5% | 6.5% | 2.3% | 6.4% | 5.4% |
| Operating margin | 1.6% | 6.6% | 0.4% | 1.3% | 1.3% | 1.2% | 1.4% | 1.9% | 1.9% | 0.6% | 1.9% | 1.1% |
| Net margin | 0.9% | 1.2% | 0.4% | 0.5% | 0.4% | 0.4% | 0.6% | 1.0% | 1.0% | −0.2% | 1.3% | 0.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GLP's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GLP financial results
In fiscal year 2025 (ended December 31, 2025), Global Partners reported revenue of $18.6 billion, up 8.1% from the year before. It had net income of $79.2 million (down 26.4%), a net profit margin of 0.4%. Diluted earnings per share came to $2.11. Over five years revenue grew at an average rate of 17.4% a year.
See the GLP stock overview for the latest quote and news, or the GLP chart for price history and technical indicators.
GLP income statement FAQ
What is Global Partners's annual revenue?
Global Partners reported total revenue of $18.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 8.1% from $17.2 billion the previous year.
Is Global Partners profitable?
Yes. Global Partners reported net income of $79.2 million in fiscal 2025, a net profit margin of 0.4%; its operating margin was 1.0%.
What is Global Partners's gross margin?
Global Partners's gross margin was 2.6% in fiscal 2025: for every $100 of revenue, Global Partners kept $3 after the direct cost of its products and services.
How fast is Global Partners growing?
Revenue grew 17.4% a year on average over the last five fiscal years, from $8.3 billion to $18.6 billion.
What are Global Partners's earnings per share?
Global Partners earned $2.11 per diluted share in fiscal 2025, compared with $2.42 a year earlier.
When will Global Partners report its next earnings?
Global Partners is expected to report results for the quarter ending September 30, 2026 on November 6, 2026 before the market opens.
When does Global Partners's fiscal year end?
Global Partners's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.