In this paper, we are interested in investigating notions of stability for generalized linear differential equations (GLDEs). Initially, we propose and revisit several definitions of stability and provide a complete characterization of them in terms of upper bounds and asymptotic behaviour of the transition matrix. In addition, we illustrate our stability results for GLDEs to linear periodic systems and linear impulsive differential equations. Finally, we prove that the well-known definitions of uniform asymptotic stability and variational asymptotic stability are equivalent to the global uniform exponential stability introduced in this article.