Globant S.A. (NYSE: GLOB) is a digital engineering and AI services company founded in Buenos Aires in 2003 by Martín Migoya, Guibert Englebienne, Martín Umaran and Néstor Nocetti, and incorporated in Luxembourg. It reported record 2025 revenue of $2,454.9 million and net income of $102.9 million, and ended June 2026 with 27,411 employees. CEO and co-founder Martín Migoya is steering the company from hourly billing toward subscription AI Pods sold through its Glob.AI platform.
What Does Globant Do?
Globant builds custom software, digital products, games, cloud systems and AI applications for large enterprises such as Disney, EA and FIFA. Work is organized into specialist Studios (AI, gaming, cloud, digital experience, enterprise software and others) and delivered mainly from Latin America, Europe and India.
How Does Globant Make Money?
Most revenue comes from engineering and consulting teams billed on time-and-materials or fixed-price contracts. Since 2025 Globant also sells AI Pods, priced on subscription, output or consumption. Glob.AI annual recurring revenue reached $52.8 million in June 2026, up from $32.8 million in March. In Q2 2026, 52.8% of revenue came from North America, 20.9% from Europe, 20.8% from Latin America and 5.5% from New Markets such as Saudi Arabia.
Globant Financial Performance
Revenue grew from $322.9 million in 2016 to $2,415.7 million in 2024, then rose only 1.6% in 2025. Q2 2026 revenue was $614.4 million, roughly flat year over year, and in August 2026 Globant cut its 2026 outlook to $2.428-$2.462 billion. Its market value was about $1.5 billion in late September 2026.
Who Are Globant's Competitors?
Its closest competitors are EPAM Systems and Endava, plus Accenture, Cognizant, Capgemini, Infosys, TCS and Wipro.
