Globant (GLOB) Gross Margin (2013 - 2026)
Globant's Gross Margin was 33.89% in the quarter ended Jun 30, 2026, down 1.54 percentage points from 35.44% a year earlier and down 0.61 percentage points from the prior quarter.
Globant (GLOB) Gross Margin (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Globant's Gross Margin was 34.52% through Jun 30, 2026, down 1.03 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 35.00%, down 0.74 percentage points from the prior year.
- Gross Margin has now declined for four consecutive years, with a five-year change of -2.38 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Gross Margin was 35.74% in the year ended Dec 31, 2024 (-0.32 pp), 36.06% in the year ended Dec 31, 2023 (-1.54 pp), 37.60% in the year ended Dec 31, 2022 (-0.56 pp) and 38.16% in the year ended Dec 31, 2021 (+0.78 pp).
- The figure for the quarter ended Jun 30, 2026 marks the lowest quarterly Gross Margin in data going back to the quarter ended Jun 30, 2013.
- Compared with a year earlier, Gross Margin has declined for 19 straight quarters, with an average year-over-year change of -0.65 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was the quarter ended Sep 30, 2021 (a gain of 1.32 percentage points); the worst was the quarter ended Mar 31, 2023 (a drop of 2.35 percentage points).
- Per Business Quant data, GLOB's Gross Margin in the three quarters before the quarter ended Jun 30, 2026 was 34.51% (quarter ended Mar 31, 2026), 34.89% (quarter ended Dec 31, 2025) and 34.80% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 43.52 Bn | 43.57 Bn | 1.60 Bn | 31.48% |
| 2 | Cognizant Technology Solutions | 25.96 Bn | 19.13 Bn | 1.83 Bn | 33.37% |
| 3 | Td Synnex | 20.53 Bn | 14.56 Bn | 1.34 Bn | 6.84% |
| 4 | Cdw | 16.06 Bn | 14.05 Bn | 1.32 Bn | 20.08% |
| 5 | Cgi | 15.14 Bn | 12.92 Bn | - | - |
| 6 | Arrow Electronics | 11.55 Bn | 10.58 Bn | 1.13 Bn | 11.26% |
| 7 | Avnet | 8.20 Bn | 7.38 Bn | 865.03 Mn | 10.43% |
| 8 | Ingram Micro Holding | 6.32 Bn | 1.92 Bn | 958.68 Mn | 6.60% |
| 9 | EPAM Systems | 5.59 Bn | 1.23 Bn | 429.57 Mn | 30.36% |
| 10 | Globant | 1.52 Bn | 793.81 Mn | 208.24 Mn | 33.89% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.89% |
| Mar 31, 2026 | 34.51% |
| Dec 31, 2025 | 34.89% |
| Sep 30, 2025 | 34.80% |
| Jun 30, 2025 | 35.44% |
| Mar 31, 2025 | 34.89% |
| Dec 31, 2024 | 35.69% |
| Sep 30, 2024 | 36.16% |
| Jun 30, 2024 | 35.67% |
| Mar 31, 2024 | 35.41% |
| Dec 31, 2023 | 35.87% |
| Sep 30, 2023 | 36.37% |
| Jun 30, 2023 | 36.35% |
| Mar 31, 2023 | 35.62% |
| Dec 31, 2022 | 37.40% |
| Sep 30, 2022 | 37.52% |
| Jun 30, 2022 | 37.57% |
| Mar 31, 2022 | 37.97% |
| Dec 31, 2021 | 38.00% |
| Sep 30, 2021 | 38.47% |
Globant Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=GLOB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "GLOB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=GLOB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();