This research evaluated the antioxidant property and carbohydrate metabolizing enzyme inhibitory activity of Eucalyptus globulus Labill leaf extracts. Ethanol extracts of the prior hexane-defatted (DEE) and the non-defatted (NEE) leaf samples of the plant were prepared and screened for constituent phytochemicals by HPLC-DAD. The extracts were tested for antioxidant activity, α-amylase and α-glucosidase inhibitory activities and molecular docking with selected protein targets were carried out. The two extracts showed notable antioxidant property. Lipid peroxidation inhibitory activities of DEE, NEE and ascorbic acid were 28.4 ± 1.1 μg/ml, 33.3 ± 1.1 μg/ml, and 34.5 ± 1.2 μg/ml, respectively, in terms of IC 50 . The extracts also demonstrated appreciable inhibition of the carbohydrate metabolizing enzymes when compared to acarbose. IC 50 values for α-amylase inhibition were 23.6 ± 1.2 μg/ml, 14.8 ± 1.2 μg/ml and 5.2 ± 1.3 μg/ml for DEE, NEE and acarbose, respectively ( p < 0.05), while IC 50 values for α-glucosidase inhibition were 30.0 ± 1.1 μg/ml, 6.5 ± 1.2 μg/ml and 29.8 ± 1.8 μg/ml for DEE, NEE and acarbose, respectively ( p < 0.05). HPLC analysis of the extracts indicated that the defatting process eliminated pinitol and robinetinidol, and reduced the concentration the remaining phytoconstituents in the defatted extract. Catechin, ergosterol, pinitol, quercetin and robinetinidol identified by HPLC from the defatted and non-defatted extract displayed good interaction with the carbohydrate metabolizing enzymes with ergosterol presenting the best interaction. These results show that both extracts could be explored in alternative therapeutic approaches for type-2 diabetes. The non-defatted extract appeared to demonstrate superior activities suggesting a positive contribution from the lipophilic constituents of the plant. • Eucalyptus globulus leaf extracts show notable antioxidant activity. • The extracts also displayed good in vitro antidiabetic activities. • Lipophilic constituents enhanced the observed activities of E. globulus leaves. • Lipophilic constituents also contribute to the in vitro antidiabetic activity. • Molecular docking analysis reveal ergosterol as a principal bioactive compound.