Globant S.A. (GLOB) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 607.09M | 612.47M | 617.14M | 614.18M | 611.09M | 642.48M | 614.67M | 587.46M | 571.08M | 580.71M | 545.28M | 497.53M | 472.42M | 490.72M | 458.88M | 429.26M | 401.38M | 379.82M | 341.83M | 305.26M |
| Revenue Growth % | -0.65% | -4.67% | 0.4% | 4.55% | 7.01% | 10.64% | 12.72% | 18.08% | 20.88% | 18.34% | 18.83% | 15.91% | 17.7% | 29.2% | 34.24% | 40.62% | 48.57% | 63.27% | 64.96% | 67.07% |
| Cost of Goods Sold | 424.15M | 398.81M | 431.25M | 396.54M | 397.86M | 400.6M | 392.39M | 377.91M | 368.86M | 367.06M | 367.99M | 316.69M | 304.12M | 303.09M | 302.64M | 267.97M | 248.97M | 234.81M | 223.72M | 189.28M |
| COGS % of Revenue | 69.87% | 65.11% | 69.88% | 64.56% | 65.11% | 62.35% | 63.84% | 64.33% | 64.59% | 63.21% | 67.49% | 63.65% | 64.38% | 61.76% | 65.95% | 62.43% | 62.03% | 61.82% | 65.45% | 62.01% |
| Gross Profit | 182.94M | 213.66M | 185.89M | 217.64M | 213.23M | 241.88M | 222.28M | 209.55M | 202.22M | 213.64M | 177.29M | 180.84M | 168.3M | 187.63M | 156.25M | 161.29M | 152.41M | 145M | 118.11M | 115.98M |
| Gross Margin % | 30.13% | 34.89% | 30.12% | 35.44% | 34.89% | 37.65% | 36.16% | 35.67% | 35.41% | 36.79% | 32.51% | 36.35% | 35.62% | 38.24% | 34.05% | 37.57% | 37.97% | 38.18% | 34.55% | 37.99% |
| Gross Profit Growth % | -14.21% | -11.67% | -16.37% | 3.86% | 5.44% | 13.22% | 25.37% | 15.87% | 20.16% | 13.86% | 13.47% | 12.12% | 10.42% | 29.4% | 32.29% | 39.06% | 70.01% | 62.18% | 53.45% | 75.09% |
| Operating Expenses | 127.44M | 154.11M | 119.05M | 211.78M | 163.37M | 183.38M | 157.07M | 155.79M | 154.28M | 158.69M | 116.15M | 134.2M | 124.07M | 132.45M | 99.99M | 112.39M | 101.67M | 101.37M | 73.11M | 85.11M |
| OpEx % of Revenue | 20.99% | 25.16% | 19.29% | 34.48% | 26.74% | 28.54% | 25.55% | 26.52% | 27.02% | 27.33% | 21.3% | 26.97% | 26.26% | 26.99% | 21.79% | 26.18% | 25.33% | 26.69% | 21.39% | 27.88% |
| Selling, General & Admin | 127.44M | 156.43M | 119.05M | 159.54M | 161.69M | 154.12M | 154.18M | 154.59M | 152.11M | 144.63M | 116.15M | 128.18M | 119.36M | 102.81M | 99.99M | 111.68M | 101.64M | 88.29M | 73.11M | 82.21M |
| SG&A % of Revenue | 20.99% | 25.54% | 19.29% | 25.98% | 26.46% | 23.99% | 25.08% | 26.31% | 26.64% | 24.91% | 21.3% | 25.76% | 25.26% | 20.95% | 21.79% | 26.02% | 25.32% | 23.24% | 21.39% | 26.93% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 0 | 707K | 37K | 1000K | 0 | 1000K |
| Operating Income | 55.49M | 59.55M | 66.84M | 5.86M | 49.86M | 58.51M | 65.21M | 53.76M | 47.94M | 54.95M | 61.14M | 46.64M | 44.22M | 55.18M | 56.26M | 48.9M | 50.74M | 43.63M | 45.01M | 30.87M |
| Operating Margin % | 9.14% | 9.72% | 10.83% | 0.95% | 8.16% | 9.11% | 10.61% | 9.15% | 8.39% | 9.46% | 11.21% | 9.37% | 9.36% | 11.24% | 12.26% | 11.39% | 12.64% | 11.49% | 13.17% | 10.11% |
| Operating Income Growth % | 11.3% | 1.79% | 2.51% | -89.1% | 3.99% | 6.47% | 6.65% | 15.28% | 8.41% | -0.41% | 8.68% | -4.63% | -12.84% | 26.46% | 25.01% | 58.41% | 49.49% | 59.81% | 94.05% | 109.55% |
| EBITDA | 93.63M | 99.63M | 106.92M | 46.88M | 90.67M | 76.87M | 98.91M | 87.73M | 64.14M | 65.67M | 89.73M | 52.02M | 50.76M | 73.25M | 78.15M | 51.25M | 52.34M | 57.75M | 61.98M | 28.64M |
| EBITDA Margin % | 15.42% | 16.27% | 17.33% | 7.63% | 14.84% | 11.97% | 16.09% | 14.93% | 11.23% | 11.31% | 16.46% | 10.46% | 10.75% | 14.93% | 17.03% | 11.94% | 13.04% | 15.2% | 18.13% | 9.38% |
| EBITDA Growth % | 3.26% | 29.61% | 8.1% | -46.56% | 41.36% | 17.06% | 10.23% | 68.65% | 26.35% | -10.34% | 14.82% | 1.49% | -3.01% | 26.84% | 26.07% | 78.97% | 4.07% | 64.93% | 235.94% | 78.6% |
| D&A (Non-Cash Add-back) | 38.13M | 40.08M | 40.08M | 41.02M | 40.81M | 18.37M | 33.7M | 33.97M | 0 | 10.72M | 28.59M | 0 | 0 | 18.07M | 21.89M | 0 | 0 | 14.11M | 16.98M | 0 |
| EBIT | 55.49M | 56.19M | 58.44M | 6.51M | 48.61M | 70.14M | 63.93M | 56.36M | 64.14M | 61.44M | 60.29M | 52.02M | 50.76M | 69.03M | 50.28M | 51.25M | 52.34M | 49.96M | 35.23M | 28.64M |
| Net Interest Income | -7.61M | -10M | -8.55M | -9.99M | -8.68M | -6.7M | -5.68M | -4.83M | -6.14M | -7.41M | -4.34M | -4.29M | -2.94M | -3.78M | -3.22M | -2.99M | -3.74M | -4.03M | -2.42M | -3.32M |
| Interest Income | 1.82M | 0 | 1.45M | 978K | 945K | 1.43M | 1.35M | 1.4M | 1.13M | 1.28M | 1.32M | 941K | 1.24M | 1.37M | 842K | 334K | 290K | 178K | 144K | 7K |
| Interest Expense | 9.43M | 0 | 10.01M | 10.97M | 9.63M | 8.12M | 7.03M | 6.23M | 7.27M | 8.69M | 5.66M | 5.23M | 4.17M | 5.14M | 4.06M | 3.32M | 4.03M | 4.21M | 2.56M | 3.33M |
| Other Income/Expense | -4.82M | -3.36M | -18.41M | -10.32M | -10.87M | -11.97M | -8.31M | -3.63M | 8.93M | -5.11M | -6.34M | 151K | 2.37M | -4.79M | -10.01M | -971K | -2.43M | -5.6M | -12.33M | -5.56M |
| Pretax Income | 50.67M | 56.19M | 48.43M | -4.47M | 38.99M | 46.53M | 56.9M | 50.13M | 56.87M | 49.84M | 54.8M | 46.79M | 46.59M | 50.39M | 46.25M | 47.93M | 48.31M | 38.03M | 32.67M | 25.31M |
| Pretax Margin % | 8.35% | 9.17% | 7.85% | -0.73% | 6.38% | 7.24% | 9.26% | 8.53% | 9.96% | 8.58% | 10.05% | 9.4% | 9.86% | 10.27% | 10.08% | 11.17% | 12.04% | 10.01% | 9.56% | 8.29% |
| Income Tax | 11.9M | 13.2M | 14.24M | -742K | 8.49M | 7.03M | 11.36M | 10.1M | 12.94M | 8.44M | 10.98M | 9.88M | 10.21M | 10.97M | 10.15M | 10.78M | 11.5M | 8.9M | 7.07M | 5.36M |
| Effective Tax Rate % | 23.49% | 23.48% | 29.41% | 16.61% | 21.78% | 15.1% | 19.96% | 20.16% | 22.75% | 16.94% | 20.03% | 21.12% | 21.91% | 21.78% | 21.95% | 22.48% | 23.81% | 23.4% | 21.62% | 21.18% |
| Net Income | 36.98M | 41.56M | 33.1M | -2.38M | 30.64M | 38.41M | 45.54M | 38.66M | 45.06M | 42.13M | 42.99M | 36.99M | 36.42M | 39.19M | 35.99M | 37.09M | 36.62M | 28.97M | 25.48M | 19.95M |
| Net Margin % | 6.09% | 6.79% | 5.36% | -0.39% | 5.01% | 5.98% | 7.41% | 6.58% | 7.89% | 7.26% | 7.88% | 7.44% | 7.71% | 7.99% | 7.84% | 8.64% | 9.12% | 7.63% | 7.45% | 6.53% |
| Net Income Growth % | 20.71% | 8.22% | -27.31% | -106.16% | -32.01% | -8.84% | 5.93% | 4.5% | 23.73% | 7.52% | 19.45% | -0.27% | -0.56% | 35.25% | 41.26% | 85.95% | 69.03% | 55.03% | 106.48% | 99.09% |
| Net Income (Continuing) | 38.77M | 43M | 34.19M | -3.72M | 30.5M | 39.51M | 45.54M | 40.02M | 43.93M | 41.39M | 43.82M | 36.91M | 36.38M | 39.42M | 36.1M | 37.15M | 36.81M | 29.13M | 25.61M | 19.95M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 68.69M | 68.03M | 70.15M | 69.17M | 71.44M | 69.42M | 64.16M | 59.96M | 66.19M | 66.02M | 47.31M | 47.5M | 47.55M | 48.61M | 2.34M | 2.25M | 2.19M | 2.94M | 2.78M | 0 |
| EPS (Diluted) | 0.85 | 0.93 | 0.73 | -0.05 | 0.68 | 0.85 | 1.02 | 0.87 | 1.02 | 0.96 | 0.98 | 0.85 | 0.84 | 0.91 | 0.84 | 0.87 | 0.86 | 0.68 | 0.60 | 0.48 |
| EPS Growth % | 25% | 9.41% | -28.43% | -106.18% | -33.33% | -11.46% | 4.08% | 2.35% | 21.43% | 5.49% | 16.67% | -2.3% | -2.33% | 33.82% | 40% | 81.25% | 62.26% | 47.83% | 100% | 84.62% |
| EPS (Basic) | 0.86 | 0.94 | 0.74 | -0.05 | 0.70 | 0.88 | 1.05 | 0.89 | 1.05 | 0.98 | 1.01 | 0.87 | 0.86 | 0.93 | 0.86 | 0.89 | 0.88 | 0.69 | 0.61 | 0.49 |
| Diluted Shares Outstanding | 43.35M | 44.83M | 45.59M | 44.3M | 45.18M | 45.05M | 44.44M | 44.29M | 44.07M | 43.97M | 43.66M | 43.37M | 43.24M | 43.08M | 42.89M | 42.78M | 42.74M | 42.83M | 42.81M | 41.66M |
| Basic Shares Outstanding | 43.08M | 44.69M | 44.5M | 44.3M | 44.06M | 45.05M | 43.42M | 43.24M | 43.1M | 42.98M | 42.7M | 42.43M | 42.3M | 42.15M | 41.98M | 41.83M | 41.75M | 41.7M | 41.63M | 40.52M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |