Globant SA
F:2G2
Income Statement
Earnings Waterfall
Globant SA
Income Statement
Globant SA
| Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
9
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
19
|
0
|
0
|
0
|
|
| Revenue |
144
N/A
|
200
+38%
|
211
+6%
|
222
+5%
|
237
+7%
|
254
+7%
|
273
+7%
|
292
+7%
|
307
+5%
|
323
+5%
|
338
+5%
|
358
+6%
|
385
+8%
|
413
+7%
|
444
+8%
|
473
+6%
|
498
+5%
|
522
+5%
|
549
+5%
|
578
+5%
|
615
+6%
|
659
+7%
|
705
+7%
|
730
+4%
|
766
+5%
|
814
+6%
|
893
+10%
|
1 015
+14%
|
1 150
+13%
|
1 297
+13%
|
1 428
+10%
|
1 552
+9%
|
1 669
+8%
|
1 780
+7%
|
1 851
+4%
|
1 920
+4%
|
2 006
+5%
|
2 096
+4%
|
2 195
+5%
|
2 285
+4%
|
2 354
+3%
|
2 416
+3%
|
2 456
+2%
|
2 482
+1%
|
2 485
+0%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(87)
|
(122)
|
(130)
|
(139)
|
(150)
|
(160)
|
(167)
|
(176)
|
(183)
|
(191)
|
(206)
|
(224)
|
(244)
|
(263)
|
(282)
|
(296)
|
(307)
|
(319)
|
(333)
|
(351)
|
(374)
|
(405)
|
(436)
|
(455)
|
(481)
|
(510)
|
(557)
|
(630)
|
(710)
|
(802)
|
(884)
|
(963)
|
(1 039)
|
(1 111)
|
(1 166)
|
(1 215)
|
(1 275)
|
(1 340)
|
(1 405)
|
(1 466)
|
(1 512)
|
(1 552)
|
(1 581)
|
(1 600)
|
(1 610)
|
|
| Gross Profit |
57
N/A
|
78
+36%
|
81
+4%
|
83
+3%
|
88
+5%
|
94
+7%
|
106
+13%
|
116
+10%
|
124
+7%
|
132
+6%
|
133
+1%
|
134
+1%
|
142
+5%
|
150
+6%
|
162
+8%
|
177
+9%
|
190
+8%
|
204
+7%
|
216
+6%
|
228
+5%
|
241
+6%
|
254
+6%
|
269
+6%
|
275
+2%
|
285
+4%
|
304
+7%
|
335
+10%
|
385
+15%
|
440
+14%
|
495
+13%
|
544
+10%
|
590
+8%
|
630
+7%
|
669
+6%
|
685
+2%
|
705
+3%
|
731
+4%
|
756
+3%
|
790
+4%
|
818
+4%
|
842
+3%
|
863
+2%
|
874
+1%
|
882
+1%
|
875
-1%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(41)
|
(57)
|
(60)
|
(64)
|
(68)
|
(72)
|
(74)
|
(76)
|
(78)
|
(82)
|
(88)
|
(97)
|
(105)
|
(111)
|
(118)
|
(120)
|
(125)
|
(130)
|
(136)
|
(143)
|
(151)
|
(163)
|
(175)
|
(184)
|
(195)
|
(207)
|
(227)
|
(257)
|
(292)
|
(330)
|
(360)
|
(390)
|
(420)
|
(443)
|
(458)
|
(473)
|
(494)
|
(517)
|
(545)
|
(568)
|
(583)
|
(602)
|
(615)
|
(622)
|
(618)
|
|
| Selling, General & Administrative |
(41)
|
(53)
|
(59)
|
(62)
|
(64)
|
(67)
|
(69)
|
(71)
|
(73)
|
(77)
|
(82)
|
(89)
|
(96)
|
(99)
|
(105)
|
(107)
|
(109)
|
(113)
|
(118)
|
(126)
|
(134)
|
(132)
|
(158)
|
(166)
|
(175)
|
(168)
|
(201)
|
(224)
|
(251)
|
(264)
|
(310)
|
(337)
|
(364)
|
(358)
|
(394)
|
(403)
|
(419)
|
(405)
|
(457)
|
(477)
|
(489)
|
(478)
|
(515)
|
(516)
|
(506)
|
|
| Depreciation & Amortization |
0
|
(4)
|
(1)
|
(2)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(5)
|
(6)
|
(8)
|
(9)
|
(12)
|
(13)
|
(14)
|
(15)
|
(17)
|
(17)
|
(18)
|
(17)
|
(32)
|
(17)
|
(18)
|
(20)
|
(39)
|
(26)
|
(33)
|
(41)
|
(66)
|
(50)
|
(53)
|
(55)
|
(85)
|
(65)
|
(71)
|
(76)
|
(111)
|
(87)
|
(92)
|
(95)
|
(127)
|
(101)
|
(106)
|
(110)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
(1)
|
0
|
0
|
1
|
2
|
0
|
0
|
(1)
|
|
| Operating Income |
16
N/A
|
21
+32%
|
21
+3%
|
19
-11%
|
20
+4%
|
22
+12%
|
32
+45%
|
40
+26%
|
46
+15%
|
50
+9%
|
45
-10%
|
38
-16%
|
37
-2%
|
40
+7%
|
45
+13%
|
56
+27%
|
65
+16%
|
74
+13%
|
80
+8%
|
84
+5%
|
90
+6%
|
91
+2%
|
94
+3%
|
90
-3%
|
90
0%
|
97
+8%
|
108
+11%
|
128
+18%
|
148
+16%
|
165
+12%
|
184
+12%
|
199
+8%
|
211
+6%
|
227
+8%
|
227
+0%
|
232
+2%
|
237
+2%
|
239
+1%
|
245
+3%
|
250
+2%
|
260
+4%
|
261
+1%
|
260
0%
|
261
+0%
|
257
-1%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(2)
|
1
|
(0)
|
2
|
2
|
3
|
6
|
3
|
3
|
(2)
|
(3)
|
(2)
|
(3)
|
(0)
|
(4)
|
(4)
|
(4)
|
(3)
|
(7)
|
(8)
|
(11)
|
(12)
|
(13)
|
(13)
|
(11)
|
(12)
|
(9)
|
(10)
|
(11)
|
(11)
|
(14)
|
(13)
|
(14)
|
(21)
|
(13)
|
(14)
|
(15)
|
(4)
|
(22)
|
(23)
|
(24)
|
(13)
|
(29)
|
(34)
|
(37)
|
|
| Non-Reccuring Items |
9
|
14
|
18
|
20
|
20
|
21
|
15
|
11
|
6
|
0
|
0
|
(2)
|
(2)
|
(6)
|
(2)
|
(2)
|
(3)
|
(7)
|
(9)
|
(10)
|
(11)
|
(9)
|
(11)
|
(13)
|
(12)
|
(4)
|
(3)
|
(6)
|
(10)
|
(20)
|
(19)
|
(16)
|
(15)
|
(6)
|
(27)
|
(34)
|
(38)
|
(31)
|
(42)
|
(40)
|
(38)
|
(31)
|
(32)
|
(81)
|
(86)
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
|
| Total Other Income |
(0)
|
(1)
|
0
|
0
|
0
|
4
|
1
|
1
|
2
|
2
|
5
|
5
|
5
|
6
|
2
|
5
|
8
|
3
|
6
|
2
|
(1)
|
(2)
|
3
|
4
|
(1)
|
(5)
|
(10)
|
(13)
|
(12)
|
(10)
|
(7)
|
(3)
|
(1)
|
(7)
|
4
|
6
|
14
|
(6)
|
28
|
24
|
16
|
(6)
|
(6)
|
(7)
|
(4)
|
|
| Pre-Tax Income |
23
N/A
|
34
+47%
|
39
+15%
|
41
+6%
|
43
+3%
|
50
+18%
|
54
+7%
|
55
+3%
|
56
+2%
|
50
-11%
|
48
-5%
|
39
-18%
|
37
-6%
|
39
+4%
|
41
+5%
|
56
+38%
|
67
+19%
|
68
+1%
|
70
+4%
|
68
-2%
|
67
-2%
|
69
+3%
|
73
+5%
|
69
-5%
|
66
-5%
|
77
+16%
|
86
+13%
|
98
+14%
|
115
+17%
|
125
+9%
|
144
+16%
|
167
+16%
|
181
+8%
|
193
+7%
|
191
-1%
|
190
-1%
|
199
+4%
|
198
0%
|
208
+5%
|
212
+2%
|
214
+1%
|
210
-2%
|
193
-8%
|
138
-28%
|
130
-6%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(6)
|
(9)
|
(10)
|
(10)
|
(11)
|
(18)
|
(22)
|
(22)
|
(21)
|
(14)
|
(11)
|
(9)
|
(8)
|
(8)
|
(9)
|
(12)
|
(15)
|
(16)
|
(16)
|
(16)
|
(15)
|
(15)
|
(18)
|
(17)
|
(17)
|
(22)
|
(23)
|
(25)
|
(29)
|
(29)
|
(33)
|
(38)
|
(41)
|
(43)
|
(42)
|
(41)
|
(42)
|
(40)
|
(42)
|
(42)
|
(43)
|
(41)
|
(37)
|
(26)
|
(29)
|
|
| Income from Continuing Operations |
17
|
25
|
29
|
31
|
31
|
32
|
32
|
33
|
35
|
36
|
37
|
30
|
28
|
31
|
32
|
44
|
52
|
52
|
54
|
53
|
52
|
54
|
55
|
52
|
49
|
54
|
63
|
73
|
86
|
96
|
111
|
129
|
139
|
150
|
149
|
149
|
157
|
159
|
166
|
169
|
171
|
169
|
156
|
112
|
101
|
|
| Income to Minority Interest |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
0
|
1
|
(0)
|
(1)
|
(3)
|
(4)
|
(2)
|
(1)
|
|
| Net Income (Common) |
17
N/A
|
25
+48%
|
29
+16%
|
31
+6%
|
31
+1%
|
32
+1%
|
32
+1%
|
33
+4%
|
35
+4%
|
36
+3%
|
37
+3%
|
30
-18%
|
28
-5%
|
31
+7%
|
32
+4%
|
44
+39%
|
52
+17%
|
52
0%
|
54
+4%
|
53
-2%
|
52
-1%
|
54
+4%
|
55
+2%
|
52
-6%
|
49
-5%
|
54
+11%
|
63
+16%
|
73
+16%
|
86
+18%
|
96
+12%
|
111
+16%
|
128
+15%
|
139
+8%
|
149
+7%
|
149
0%
|
149
0%
|
156
+5%
|
159
+2%
|
167
+5%
|
169
+1%
|
169
+0%
|
166
-2%
|
151
-9%
|
110
-27%
|
99
-10%
|
|
| EPS (Diluted) |
0.52
N/A
|
0.79
+52%
|
0.85
+8%
|
0.88
+4%
|
0.89
+1%
|
0.9
+1%
|
0.92
+2%
|
0.95
+3%
|
0.99
+4%
|
1.01
+2%
|
1.04
+3%
|
0.85
-18%
|
0.8
-6%
|
0.85
+6%
|
0.88
+4%
|
1.21
+37%
|
1.41
+17%
|
1.41
N/A
|
1.44
+2%
|
1.41
-2%
|
1.39
-1%
|
1.43
+3%
|
1.46
+2%
|
1.33
-9%
|
1.19
-11%
|
1.37
+15%
|
1.52
+11%
|
1.74
+14%
|
2
+15%
|
2.28
+14%
|
2.59
+14%
|
3.01
+16%
|
3.25
+8%
|
3.47
+7%
|
3.43
-1%
|
3.44
+0%
|
3.58
+4%
|
3.64
+2%
|
3.81
+5%
|
3.83
+1%
|
3.83
N/A
|
3.71
-3%
|
3.33
-10%
|
2.47
-26%
|
2.17
-12%
|
|