Filing Flows › Global Partners LP (GLP) › How it makes money
How Global Partners LP (GLP) makes money
Global Partners LP (GLP) made $6.7B of revenue in the third quarter 2026 (Q3 2026), +42% from a year earlier. Wholesale segment brought in $4.7B (71%); GDSO brought in $1.6B (24%); Commercial segment brought in $356M (5%). Of every dollar of revenue, 4¢ was left as gross profit, 1¢ was left as operating profit, 1¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Wholesale segment | $4.7B | 70.9% | -3% | +52% |
| GDSO | $1.6B | 23.8% | +2% | +24% |
| Commercial segment | $356M | 5.3% | -4% | +19% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $6.7B | 100.0% |
| Cost of revenue | $6.4B | 95.6% |
| Gross profit | $296M | 4.4% |
| Operating expenses | $212M | 3.2% |
| Operating profit | $83.7M | 1.3% |
| Income tax | $800K | 0.0% |
| Net earnings | $52.4M | 0.8% |
| Operating cash flow | $180M | 2.7% |
| Free cash flow | $138M | 2.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $6.7B | +42% |
| Q2 2026 | $6.8B | +47% |
| Q1 2026 | $5.3B | +16% |
| Q4 2025 | $4.6B | +11% |
| Q3 2025 | $4.7B | +6% |
| Q2 2025 | $4.6B | +5% |
| Q1 2025 | $4.6B | +11% |
From Global Partners LP's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Global Partners LP make money?
Global Partners LP (GLP) made $6.7B of revenue in the third quarter 2026 (Q3 2026), +42% from a year earlier. Wholesale segment brought in $4.7B (71%); GDSO brought in $1.6B (24%); Commercial segment brought in $356M (5%). Of every dollar of revenue, 4¢ was left as gross profit, 1¢ was left as operating profit, 1¢ was left as net earnings.
What is Global Partners LP's biggest business?
Wholesale segment: $4.7B in the third quarter 2026, 71% of revenue, +52% from a year earlier.
What is Global Partners LP's profit margin?
Net earnings were $52.4M, 0.8% of revenue, in the third quarter 2026; the operating margin was 1.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.