Globant (GLOB) Operating Margin (2013 - 2026)
Globant (GLOB) posted Operating Margin of 3.23% for Q2 2026, down 62.03% on a QoQ basis from 8.51% in Q1 2026, and up 228.0% year-over-year from 0.99% in Q2 2025.
Analysis
Globant (GLOB) Operating Margin (2013 - 2026) Analysis & Trends
Globant has reported Operating Margin for 14 years, with the latest figure at 3.23% in Q2 2026.
- On a quarterly basis, Operating Margin rose 228.0% year-over-year to 3.23% in Q2 2026; TTM through Jun 2026 was 7.65%, a 42.0% increase from a year earlier, with the FY2025 full-year figure at 7.0%, down 234.0% from the prior year.
- Operating Margin was 3.23% for Q2 2026 at Globant, down from 8.51% in the prior quarter.
- The five-year high for Operating Margin was 12.64% in Q1 2022, with the low at 0.95% in Q2 2025.
- Average Operating Margin over 5 years is 8.97%, with a median of 9.37% recorded in 2023.
- The sharpest annual moves came in 2025 and 2026: Operating Margin tumbled 820 bps in 2025, then jumped 228 bps in 2026.
- Over 5 years, Operating Margin stood at 11.24% in 2022, then fell by 16 bps to 9.46% in 2023, then retreated by 4 bps to 9.11% in 2024, then gained by 7 bps to 9.72% in 2025, then tumbled by 67 bps to 3.23% in 2026.
- The last three Operating Margin figures came in at 3.23% (Q2 2026), 8.51% (Q1 2026), and 9.72% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.95 Bn | 44.95 Bn | 1.60 Bn | 21.09% |
| 2 | Cognizant Technology Solutions | 27.19 Bn | 26.14 Bn | 1.83 Bn | 15.95% |
| 3 | Cgi | 15.35 Bn | 14.77 Bn | - | - |
| 4 | EPAM Systems | 6.01 Bn | 5.22 Bn | 429.57 Mn | 10.76% |
| 5 | Science Applications International | 5.35 Bn | 5.22 Bn | 239.00 Mn | 8.09% |
| 6 | ExlService Holdings | 5.33 Bn | 5.05 Bn | 225.96 Mn | 14.68% |
| 7 | Kyndryl Holdings | 2.86 Bn | 746.87 Mn | 776.00 Mn | 4.04% |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 0.00% |
| 9 | Innodata | 1.84 Bn | 1.59 Bn | 42.46 Mn | 17.21% |
| 10 | Globant | 1.60 Bn | 1.43 Bn | 208.24 Mn | 3.23% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.23% |
| Mar 31, 2026 | 8.51% |
| Dec 31, 2025 | 9.72% |
| Sep 30, 2025 | 9.15% |
| Jun 30, 2025 | 0.95% |
| Mar 31, 2025 | 8.16% |
| Dec 31, 2024 | 9.11% |
| Sep 30, 2024 | 10.61% |
| Jun 30, 2024 | 9.15% |
| Mar 31, 2024 | 8.40% |
| Dec 31, 2023 | 9.46% |
| Sep 30, 2023 | 9.75% |
| Jun 30, 2023 | 9.37% |
| Mar 31, 2023 | 9.36% |
| Dec 31, 2022 | 11.24% |
| Sep 30, 2022 | 11.31% |
| Jun 30, 2022 | 11.39% |
| Mar 31, 2022 | 12.64% |
| Dec 31, 2021 | 11.49% |
| Sep 30, 2021 | 11.62% |