EPAM Systems, Inc. (BIT:1EPAM)

EPAM Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	5,071	4,728	4,691	4,825	3,758	2,659
Revenue Growth (YoY)	9.73%	0.80%	-2.78%	28.38%	41.31%	15.94%
Cost of Revenue	3,548	3,277	3,257	3,287	2,484	1,733
Gross Profit	1,523	1,450	1,434	1,538	1,274	926.96
Selling, General & Admin	874.39	816.3	815.07	872.78	648.74	484.76
Depreciation & Amortization Expenses	109	89.56	91.8	92.27	83.4	62.87
Other Operating Expenses	-	-	25.92	-	-	-
Operating Income	539.3	544.58	501.24	572.97	542.32	379.32
Total Non-Operating Income (Expense)	5.84	39.83	35.35	-65.71	-8.92	-0.85
Pretax Income	545.13	584.41	536.59	507.26	533.39	378.48
Provision for Income Taxes	143.98	129.88	119.5	87.84	51.74	51.32
Net Income	401.15	454.53	417.08	419.42	481.65	327.16
Net Income to Common	401.15	454.53	417.08	419.42	481.65	327.16
Net Income Growth	-2.07%	8.98%	-0.56%	-12.92%	47.22%	25.32%
Shares Outstanding (Basic)	57	57	58	57	57	56
Shares Outstanding (Diluted)	57	58	59	59	59	58
Shares Change (YoY)	-2.67%	-1.86%	-0.14%	0.18%	1.06%	1.35%
EPS (Basic)	7.07	7.93	7.21	7.32	8.52	5.87
EPS (Diluted)	7.01	7.84	7.06	7.09	8.15	5.60
EPS Growth	0.43%	11.05%	-0.42%	-13.01%	45.54%	23.62%
Free Cash Flow	409.73	527.02	534.22	382.48	460.83	475.61
Free Cash Flow Growth	-22.26%	-1.35%	39.67%	-17.00%	-3.11%	152.79%
Free Cash Flow Per Share	7.17	9.09	9.04	6.46	7.80	8.14
Gross Margin	30.03%	30.68%	30.57%	31.88%	33.91%	34.85%
Operating Margin	10.63%	11.52%	10.69%	11.88%	14.43%	14.26%
Profit Margin	7.91%	9.61%	8.89%	8.69%	12.82%	12.30%
FCF Margin	8.08%	11.15%	11.39%	7.93%	12.26%	17.88%
EBITDA	687.65	671.69	633.94	713.02	687.47	508.57
EBITDA Margin	13.56%	14.21%	13.52%	14.78%	18.29%	19.12%
EBIT	539.3	544.58	501.24	572.97	542.32	379.32
EBIT Margin	10.63%	11.52%	10.69%	11.88%	14.43%	14.26%
Effective Tax Rate	26.41%	22.22%	22.27%	17.32%	9.70%	13.56%

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.