Globant Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,485	2,416	2,096	1,780	1,297	814.14
Revenue Growth (YoY)	5.56%	15.26%	17.73%	37.25%	59.32%	23.48%
Cost of Revenue	1,597	1,540	1,335	1,107	801.4	509.31
Gross Profit	887.4	875.82	761.08	673.51	495.68	304.83
Selling, General & Admin	604.1	590.8	501.4	428.97	314.73	190.8
Other Operating Expenses	78.17	23.88	20.94	17.61	13.26	16.68
Operating Expenses	689.24	621.65	541.14	452.95	335.54	210.56
Operating Income	198.16	254.16	219.94	220.56	160.14	94.27
Interest Expense	-38.73	-28.66	-20.07	-14.04	-10.48	-8.88
Interest & Investment Income	4.8	5.3	4.78	2.83	0.65	1.92
Earnings From Equity Investments	0.09	0.22	0.09	0.12	-0.23	-0.62
Currency Exchange Gain (Loss)	0.19	0.19	-22.01	-6.67	3.9	-2.94
Other Non Operating Income (Expenses)	-14.55	0.95	5.92	12.65	-1.07	9.25
EBT Excluding Unusual Items	149.96	232.18	188.65	215.46	152.9	93
Gain (Loss) on Sale of Investments	2.06	2.06	24.19	-7.04	-6.99	-3.04
Gain (Loss) on Sale of Assets	-0.97	-0.97	-1.13	-1.63	-0.58	-0.68
Asset Writedown	0.17	0.17	0.82	-1.02	-0.08	-
Legal Settlements	-0.01	-0.01	0.12	-0.24	-2.85	-0.84
Other Unusual Items	-21.72	-23	-16.87	-12.65	-17.55	-11.91
Pretax Income	129.49	210.43	198.02	192.88	124.85	76.52
Income Tax Expense	29.02	41.43	39.51	43.41	28.5	22.31
Earnings From Continuing Operations	100.47	169	158.51	149.48	96.36	54.22
Minority Interest in Earnings	-0.71	-3.27	0.03	-0.59	-0.29	-
Net Income	99.76	165.73	158.54	148.89	96.07	54.22
Net Income to Common	99.76	165.73	158.54	148.89	96.07	54.22
Net Income Growth	-41.13%	4.54%	6.48%	54.99%	77.19%	0.37%
Shares Outstanding (Basic)	44	43	43	42	41	39
Shares Outstanding (Diluted)	45	45	44	43	42	40
Shares Change (YoY)	2.71%	2.28%	1.72%	1.85%	5.94%	5.42%
EPS (Basic)	2.26	3.82	3.72	3.55	2.35	1.41
EPS (Diluted)	2.19	3.72	3.64	3.47	2.28	1.37
EPS Growth	-42.86%	2.20%	4.90%	52.19%	66.42%	-4.20%
Free Cash Flow	-	220.99	273.41	150.46	136.21	70.58
Free Cash Flow Per Share	-	4.96	6.27	3.51	3.24	1.78
Gross Margin	35.71%	36.25%	36.31%	37.83%	38.21%	37.44%
Operating Margin	7.97%	10.52%	10.49%	12.39%	12.35%	11.58%
Profit Margin	4.01%	6.86%	7.56%	8.36%	7.41%	6.66%
Free Cash Flow Margin	-	9.15%	13.05%	8.45%	10.50%	8.67%
EBITDA	336.77	372.7	312.77	293.25	216.59	125.11
EBITDA Margin	13.55%	15.43%	14.92%	16.47%	16.70%	15.37%
D&A For EBITDA	138.61	118.53	92.84	72.69	56.45	30.84
EBIT	198.16	254.16	219.94	220.56	160.14	94.27
EBIT Margin	7.97%	10.52%	10.49%	12.39%	12.35%	11.58%
Effective Tax Rate	22.41%	19.69%	19.95%	22.50%	22.82%	29.15%

Updated Nov 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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