Globant Past Earnings Performance
Past criteria checks 1/6
Globant has been growing earnings at an average annual rate of 10.6%, while the IT industry saw earnings growing at 5.6% annually. Revenues have been growing at an average rate of 19.3% per year. Globant's return on equity is 4.8%, and it has net margins of 4.2%.
Key information
10.57%
Earnings growth rate
8.86%
EPS growth rate
| IT Industry Growth | 22.43% |
| Revenue growth rate | 19.28% |
| Return on equity | 4.81% |
| Net Margin | 4.19% |
| Last Earnings Update | 31 Dec 2025 |
Recent past performance updates
Recent updates
GLOB: AI Pods And Bookings Momentum Will Support Long Term Upside
Narrative Update on Globant The analyst price target framework for Globant has shifted to a fair value estimate of $104.89 from $121.63 as analysts factor in lower assumed profit margins and a reduced future P/E multiple, even as they reflect higher modeled revenue growth, which is consistent with the mix of recent target cuts and ongoing positive commentary on bookings and AI initiatives. Analyst Commentary Recent Street research on Globant has centered on a reset of price targets alongside ongoing interest in its growth initiatives, especially around AI and bookings.Globant SA: Rating Downgrade On Potential Revenue Growth Deceleration
Apr 15
GLOB: AI Execution And Bookings Progress Will Shape A Cautious 2026 Outlook
Analyst price targets on Globant have recently shifted lower by single digits in dollar terms, with cuts ranging from $2 to $26 as analysts factor in sector-wide multiple compression, cautious near term growth expectations, and mixed views on the scaling of the company’s AI-focused initiatives. Analyst Commentary Recent Street research on Globant reflects a mixed backdrop, with several firms trimming price targets while maintaining a range of ratings from Buy to Neutral and Hold.GLOB: AI Pod Execution And Bookings Strength Will Define A Cautious 2026 Reset
Analysts have trimmed Globant's average price target in recent weeks. Several firms have reduced their targets by $5 to $20 as they factor in slower revenue growth assumptions, a slightly higher discount rate, and mixed near term bookings and AI execution risks, despite generally solid recent results and guidance.
GLOB: AI Pod Model And Bookings Strength Are Expected To Unlock Upside
Analysts cut the Globant fair value estimate to $73.36 from $84.64 after a wave of reduced price targets in the $50 to $78 range. They cited pressured near-term growth, slightly higher perceived risk, and lingering questions about the net impact of its fast-scaling AI pod model, despite solid Q4 results and strong bookings.GLOB: Reset Expectations And AI Transition Shape A More Balanced 2026 Outlook
Our analyst fair value estimate for Globant has been cut from $74 to $50 as analysts reset price targets lower across the Street, citing sector wide multiple compression, pressured near term growth, and lingering questions around the net impact of its rapidly scaling AI pod model despite solid Q4 results and stronger bookings. Analyst Commentary Street research around Globant has turned more cautious, with a series of lower price targets pointing to ongoing debate about how quickly the business can re-accelerate growth and how the market should value its transition toward AI driven offerings.GLOB: GenAI Shift And FIFA Deal Are Expected To Unlock Future Upside
Analysts have nudged their average price target for Globant modestly higher, reflecting slightly stronger assumptions for revenue growth and margins as the company refocuses on GenAI driven work, while still keeping valuation expectations such as future P/E relatively contained. Analyst Commentary Recent research on Globant highlights a mix of optimism around its GenAI repositioning and caution regarding the pace of its revenue recovery and the time needed for a new business model to settle in.GLOB: GenAI Shift And FIFA Partnership Will Support Long Term Upside
Our updated view trims Globant's fair value estimate slightly to about $121.63 from $122.37, reflecting analysts' recent price target adjustments and their focus on GenAI driven growth potential, profit margins, and a modestly lower assumed future P/E multiple. Analyst Commentary Street research on Globant over the past several months has been mixed, with some firms trimming price targets and others lifting them, while ratings cluster around Hold and Neutral.GLOB: AI Transition And FIFA Expansion Will Drive Long Term Upside
Analysts have nudged their price targets on Globant higher by a few dollars, balancing expectations for gradually improving revenue growth and AI driven project momentum with more cautious views on margins and a higher assumed future P/E multiple. Analyst Commentary Recent research on Globant shows a mixed but increasingly constructive tone, with several bullish analysts highlighting AI related growth potential, improving demand signals and a valuation they view as attractive for a turnaround in fundamentals over time.GLOB: AI Projects And New Model Are Expected To Unlock Future Upside
Analysts have trimmed their price targets on Globant to a narrower range of US$61 to US$80, citing slower organic growth versus peers, exposure to weaker regions and verticals, and the time needed for a new business model and AI related projects to translate into steadier revenue trends. Analyst Commentary Recent Street research around Globant points to a more cautious but still mixed view on the stock, with price targets now clustering between US$61 and US$80 and ratings spreading across Buy, Neutral and Hold.Globant's (NYSE:GLOB) Returns On Capital Not Reflecting Well On The Business
Dec 27
GLOB Will See AI And FIFA Wins Drive Long-Term Rebound
The analyst price target for Globant has been cut significantly to align with a lower fair value estimate of about $124 from roughly $180, as analysts factor in slower organic revenue growth, lingering demand and structural IT services headwinds, and a reset to more moderate future earnings multiples, despite slightly better margin expectations. Analyst Commentary Recent Street research reflects a cautious but not uniformly negative stance on Globant, with most firms converging around a more modest growth and valuation framework.GLOB: Share Buybacks Will Support AI Expansion And Future Upside
Analysts have modestly reduced their price target on Globant to about $84 from roughly $86, reflecting slightly slower expected revenue growth and a lower future earnings multiple as they factor in muted industry trends and the company’s lagging organic growth versus peers. Analyst Commentary Recent Street research reflects a cautious but not uniformly negative stance on Globant, with most firms trimming price targets and highlighting execution risks as the company navigates a softer demand environment and a transition in its business model.GLOB: Share Buybacks And Expanding AI Adoption Will Support Future Upside
Analysts have lowered their average price target for Globant from approximately $95.62 to $86.48. They cite a cautious growth outlook and ongoing sector challenges, despite optimism for gradual improvement as AI adoption picks up.GLOB: Share Buybacks And AI Initiatives Will Drive Stock Recovery Ahead
Analysts have reduced their fair value estimate for Globant slightly from $97.05 to $95.62. This change reflects tempered growth expectations in light of sector-wide concerns about revenue trends and structural challenges facing IT services providers.Analysts Cut Globant Valuation Amid IT Services Challenges and Mixed Growth Outlook
Analysts have lowered their fair value estimate for Globant from $100.79 to $97.05. They cite ongoing structural challenges in IT Services, along with reduced revenue growth and profit margin expectations.Enterprise AI And Cloud Migration Will Shape Future Markets
Analysts have modestly reduced their price target for Globant, lowering the fair value estimate from $104.05 to $100.79 due to ongoing revenue growth headwinds, margin pressure, and continued macroeconomic uncertainty impacting the IT services sector. Analyst Commentary Recent street research reflects a shift in analyst sentiment toward a more cautious outlook for Globant, driven by industry headwinds and company-specific challenges.Enterprise AI And Cloud Migration Will Shape Future Markets
Analysts have lowered Globant's price target due to delayed revenue growth, increased macro uncertainty, and diminished confidence in its ability to outperform peers, resulting in a reduced fair value from $106.20 to $104.05. Analyst Commentary Bearish analysts have significantly lowered revenue guidance for fiscal 2025 and now see positive growth delayed to fiscal 2026.Globant S.A.'s (NYSE:GLOB) Share Price Is Still Matching Investor Opinion Despite 30% Slump
Sep 13Enterprise AI And Cloud Migration Will Shape Future Markets
Globant’s consensus price target was trimmed from $109.45 to $106.45 as analysts cite macroeconomic uncertainty, slower client decision-making, reduced fiscal 2025 guidance, and ongoing sector headwinds, partially offset by continued margin strength and long-term AI opportunities. Analyst Commentary Macroeconomic uncertainty and delayed client decision-making are negatively impacting near-term revenue expectations and growth visibility.Investing In AI And Global Expansion Will Strengthen Future Prospects
Globant's analyst target price has been cut from $126.85 to $112.70, reflecting concerns over weaker 2025 revenue guidance, macro uncertainty, and sector rotation toward more predictable growth and profitability, despite longer-term optimism around its AI-driven prospects. Analyst Commentary Bearish analysts are lowering price targets due to Globant's reduced fiscal 2025 revenue guidance and uncertainty over the company’s ability to return to positive growth in 2026.At US$88.82, Is Globant S.A. (NYSE:GLOB) Worth Looking At Closely?
Jul 25Some Investors May Be Worried About Globant's (NYSE:GLOB) Returns On Capital
Jul 10Globant S.A.'s (NYSE:GLOB) Intrinsic Value Is Potentially 68% Above Its Share Price
Jun 18Is Globant (NYSE:GLOB) Using Too Much Debt?
Jun 02Earnings Miss: Globant S.A. Missed EPS By 30% And Analysts Are Revising Their Forecasts
May 18Is It Too Late To Consider Buying Globant S.A. (NYSE:GLOB)?
Apr 21Globant S.A. (NYSE:GLOB) Shares Slammed 28% But Getting In Cheap Might Be Difficult Regardless
Apr 04Globant S.A.'s (NYSE:GLOB) Intrinsic Value Is Potentially 25% Below Its Share Price
Mar 11Globant: Slower But Not Less Promising
Feb 27Globant S.A. Just Missed Earnings - But Analysts Have Updated Their Models
Feb 22Here's What's Concerning About Globant's (NYSE:GLOB) Returns On Capital
Feb 21Globant S.A. (NYSE:GLOB) Not Lagging Market On Growth Or Pricing
Jan 29Globant: Growth Should Accelerate In The Coming Years
Nov 27The Returns On Capital At Globant (NYSE:GLOB) Don't Inspire Confidence
Nov 05Investors Interested In Globant S.A.'s (NYSE:GLOB) Earnings
Oct 22Globant Is A Great Business, But There's Not Enough Value To Buy
Oct 22Is Globant S.A. (NYSE:GLOB) Potentially Undervalued?
Oct 07A Look At The Intrinsic Value Of Globant S.A. (NYSE:GLOB)
Sep 22
Leveraging Gen AI And Sustainable Tech Solutions For Market-Leading Growth And Diversification
Generative AI and expansion into marketing technology signal strong potential for revenue growth and operational efficiency improvements.Does Globant (NYSE:GLOB) Have A Healthy Balance Sheet?
Aug 12Globant: A Second Stage AI Player
Aug 03Globant Faces Slowing Growth Amid Technology Segment Softness
Jul 24Globant S.A.'s (NYSE:GLOB) Share Price Matching Investor Opinion
Jul 14Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Globant makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 2,455 | 103 | 616 | 0 |
| 30 Sep 25 | 2,485 | 100 | 611 | 0 |
| 30 Jun 25 | 2,482 | 110 | 607 | 0 |
| 31 Mar 25 | 2,456 | 151 | 610 | 0 |
| 31 Dec 24 | 2,416 | 166 | 611 | 0 |
| 30 Sep 24 | 2,354 | 169 | 588 | 0 |
| 30 Jun 24 | 2,285 | 169 | 573 | 0 |
| 31 Mar 24 | 2,195 | 167 | 548 | 0 |
| 31 Dec 23 | 2,096 | 159 | 535 | 0 |
| 30 Sep 23 | 2,006 | 156 | 487 | 0 |
| 30 Jun 23 | 1,920 | 149 | 466 | 0 |
| 31 Mar 23 | 1,851 | 149 | 451 | 0 |
| 31 Dec 22 | 1,780 | 149 | 435 | 0 |
| 30 Sep 22 | 1,669 | 139 | 404 | 0 |
| 30 Jun 22 | 1,552 | 128 | 375 | 0 |
| 31 Mar 22 | 1,428 | 111 | 345 | 0 |
| 31 Dec 21 | 1,297 | 96 | 322 | 0 |
| 30 Sep 21 | 1,150 | 86 | 279 | 0 |
| 30 Jun 21 | 1,015 | 73 | 245 | 0 |
| 31 Mar 21 | 893 | 63 | 210 | 0 |
| 31 Dec 20 | 814 | 54 | 194 | 0 |
| 30 Sep 20 | 766 | 49 | 183 | 0 |
| 30 Jun 20 | 730 | 52 | 171 | 0 |
| 31 Mar 20 | 705 | 55 | 159 | 0 |
| 31 Dec 19 | 659 | 54 | 147 | 0 |
| 30 Sep 19 | 615 | 52 | 149 | 0 |
| 30 Jun 19 | 578 | 53 | 144 | 0 |
| 31 Mar 19 | 549 | 54 | 126 | 0 |
| 31 Dec 18 | 522 | 52 | 129 | 0 |
| 30 Sep 18 | 498 | 52 | 120 | 0 |
| 30 Jun 18 | 473 | 44 | 114 | 0 |
| 31 Mar 18 | 444 | 32 | 111 | 0 |
| 31 Dec 17 | 413 | 31 | 104 | 0 |
| 30 Sep 17 | 385 | 28 | 93 | 0 |
| 30 Jun 17 | 358 | 30 | 89 | 0 |
| 31 Mar 17 | 338 | 37 | 80 | 0 |
| 31 Dec 16 | 323 | 36 | 77 | 0 |
| 30 Sep 16 | 307 | 35 | 68 | 0 |
| 30 Jun 16 | 292 | 33 | 61 | 0 |
| 31 Mar 16 | 273 | 32 | 64 | 0 |
| 31 Dec 15 | 254 | 32 | 67 | 0 |
| 30 Sep 15 | 237 | 31 | 60 | 0 |
| 30 Jun 15 | 222 | 31 | 56 | 0 |
Quality Earnings: GLOB has a large one-off loss of $70.9M impacting its last 12 months of financial results to 31st December, 2025.
Growing Profit Margin: GLOB's current net profit margins (4.2%) are lower than last year (6.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GLOB's earnings have grown by 10.6% per year over the past 5 years.
Accelerating Growth: GLOB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GLOB had negative earnings growth (-37.9%) over the past year, making it difficult to compare to the IT industry average (37.7%).
Return on Equity
High ROE: GLOB's Return on Equity (4.8%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/29 10:23 |
| End of Day Share Price | 2026/04/29 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Globant S.A. is covered by 34 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jason Kupferberg | BofA Global Research |
| Tyler DuPont | BofA Global Research |
| Daniel Federle | Bradesco S.A. Corretora de Títulos e Valores Mobiliários |