Globant SA
NYSE:GLOB
Income Statement
Earnings Waterfall
Globant SA
Revenue
|
2.2B
USD
|
Cost of Revenue
|
-1.4B
USD
|
Gross Profit
|
789.6m
USD
|
Operating Expenses
|
-554.2m
USD
|
Operating Income
|
235.5m
USD
|
Other Expenses
|
-68.3m
USD
|
Net Income
|
167.2m
USD
|
Income Statement
Globant SA
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||
Revenue |
110
N/A
|
170
+55%
|
237
+39%
|
254
+7%
|
273
+7%
|
292
+7%
|
307
+5%
|
323
+5%
|
338
+5%
|
358
+6%
|
385
+8%
|
413
+7%
|
444
+7%
|
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%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(69)
|
(107)
|
(150)
|
(160)
|
(167)
|
(176)
|
(183)
|
(191)
|
(206)
|
(224)
|
(244)
|
(263)
|
(282)
|
(296)
|
(308)
|
(319)
|
(333)
|
(351)
|
(374)
|
(405)
|
(436)
|
(455)
|
(481)
|
(510)
|
(558)
|
(630)
|
(710)
|
(802)
|
(884)
|
(963)
|
(1 039)
|
(1 111)
|
(1 166)
|
(1 215)
|
(1 275)
|
(1 340)
|
(1 405)
|
|
Gross Profit |
41
N/A
|
63
+55%
|
88
+39%
|
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%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(31)
|
(49)
|
(68)
|
(72)
|
(74)
|
(76)
|
(78)
|
(82)
|
(88)
|
(97)
|
(105)
|
(111)
|
(118)
|
(121)
|
(125)
|
(130)
|
(136)
|
(143)
|
(151)
|
(163)
|
(175)
|
(184)
|
(195)
|
(207)
|
(227)
|
(257)
|
(292)
|
(330)
|
(360)
|
(390)
|
(420)
|
(443)
|
(458)
|
(473)
|
(494)
|
(517)
|
(554)
|
|
Selling, General & Administrative |
(30)
|
(47)
|
(64)
|
(67)
|
(69)
|
(71)
|
(73)
|
(77)
|
(82)
|
(89)
|
(96)
|
(99)
|
(105)
|
(107)
|
(110)
|
(113)
|
(119)
|
(126)
|
(134)
|
(132)
|
(158)
|
(166)
|
(175)
|
(168)
|
(201)
|
(225)
|
(251)
|
(264)
|
(310)
|
(337)
|
(364)
|
(358)
|
(394)
|
(403)
|
(419)
|
(405)
|
(491)
|
|
Depreciation & Amortization |
(1)
|
(3)
|
(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)
|
(56)
|
(85)
|
(65)
|
(71)
|
(76)
|
(111)
|
0
|
|
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
|
1
|
1
|
(1)
|
(63)
|
|
Operating Income |
9
N/A
|
14
+45%
|
19
+44%
|
22
+13%
|
32
+44%
|
40
+26%
|
46
+15%
|
50
+9%
|
45
-10%
|
38
-16%
|
37
-2%
|
40
+7%
|
45
+13%
|
57
+26%
|
66
+16%
|
74
+13%
|
80
+8%
|
84
+6%
|
90
+6%
|
91
+2%
|
94
+3%
|
90
-4%
|
90
0%
|
97
+8%
|
108
+11%
|
128
+18%
|
148
+16%
|
165
+12%
|
184
+12%
|
199
+8%
|
210
+6%
|
227
+8%
|
227
+0%
|
232
+2%
|
237
+2%
|
239
+1%
|
235
-1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1
|
2
|
3
|
3
|
6
|
3
|
3
|
(2)
|
(3)
|
(2)
|
(3)
|
(0)
|
(4)
|
(4)
|
(4)
|
(3)
|
(7)
|
(8)
|
(11)
|
(12)
|
(13)
|
(13)
|
(11)
|
(12)
|
(9)
|
(11)
|
(11)
|
(11)
|
(14)
|
(13)
|
(14)
|
(21)
|
(13)
|
(14)
|
(15)
|
(4)
|
(22)
|
|
Non-Reccuring Items |
11
|
15
|
20
|
21
|
15
|
11
|
6
|
0
|
0
|
(2)
|
(2)
|
(6)
|
(2)
|
(2)
|
(3)
|
(7)
|
(9)
|
(10)
|
(11)
|
(9)
|
(11)
|
(13)
|
(12)
|
(4)
|
(3)
|
(7)
|
(10)
|
(20)
|
(19)
|
(16)
|
(15)
|
(6)
|
(27)
|
(34)
|
(38)
|
(31)
|
(33)
|
|
Total Other Income |
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
|
|
Pre-Tax Income |
21
N/A
|
31
+48%
|
43
+36%
|
50
+17%
|
54
+7%
|
55
+3%
|
56
+2%
|
50
-11%
|
48
-5%
|
39
-18%
|
37
-5%
|
39
+5%
|
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%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||
Tax Provision |
(5)
|
(8)
|
(11)
|
(18)
|
(22)
|
(22)
|
(22)
|
(14)
|
(11)
|
(9)
|
(9)
|
(8)
|
(9)
|
(12)
|
(15)
|
(16)
|
(16)
|
(16)
|
(15)
|
(15)
|
(18)
|
(18)
|
(17)
|
(22)
|
(24)
|
(26)
|
(29)
|
(29)
|
(33)
|
(38)
|
(41)
|
(43)
|
(42)
|
(41)
|
(42)
|
(40)
|
(42)
|
|
Income from Continuing Operations |
16
|
23
|
31
|
32
|
32
|
33
|
35
|
36
|
37
|
30
|
29
|
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
|
|
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)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
0
|
1
|
|
Net Income (Common) |
16
N/A
|
23
+49%
|
31
+35%
|
32
+1%
|
32
+1%
|
33
+4%
|
35
+4%
|
36
+4%
|
37
+3%
|
30
-18%
|
29
-5%
|
31
+7%
|
32
+4%
|
44
+39%
|
52
+17%
|
52
N/A
|
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%
|
|
EPS (Diluted) |
0.47
N/A
|
0.66
+40%
|
0.89
+35%
|
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
+38%
|
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%
|
1.2
-10%
|
1.37
+14%
|
1.52
+11%
|
1.74
+14%
|
2
+15%
|
2.28
+14%
|
2.59
+14%
|
3.01
+16%
|
3.25
+8%
|
3.47
+7%
|
3.46
0%
|
3.44
-1%
|
3.58
+4%
|
3.64
+2%
|
3.81
+5%
|