Balbo is a surname. Notable people with the surname include:
Abel Balbo (born 1966), Argentine football manager
Cesare Balbo (1789-1853), Count of Vinadio, Italian writer and statesman
Ennio Balbo (1922–1989), Italian film actor
Giuseppe Balbo (1902–1980), Italian painter
Italo Balbo (1896-1940), Italian Blackshirt leader, Italy's Marshal of the Air Force, Governor-General of Libya and Commander-in-Chief of Italian North Africa
Julien Balbo (born 1979), French squash player
Ned Balbo (born 1959), American poet, translator and essayist