EPAM Systems, Inc. (BMV:EPAM)

EPAM Systems Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	5,457	4,728	4,691	4,825	3,758
Revenue Growth (YoY)	15.42%	0.80%	-2.78%	28.38%	41.31%
Cost of Revenue	3,884	3,277	3,257	3,287	2,484
Gross Profit	1,574	1,450	1,434	1,538	1,274
Selling, General & Admin	928.71	816.3	815.07	872.78	648.74
Depreciation & Amortization Expenses	124.81	89.56	91.8	92.27	83.4
Other Operating Expenses	-	-	25.92	-	-
Operating Income	520	544.58	501.24	572.97	542.32
Other Non-Operating Income (Expense)	-25.93	-7.05	-15.78	-75.73	-7.2
Total Non-Operating Income (Expense)	11.55	46.88	51.12	10.03	-1.73
Pretax Income	505.62	584.41	536.59	507.26	533.39
Provision for Income Taxes	127.95	129.88	119.5	87.84	51.74
Net Income	377.68	454.53	417.08	419.42	481.65
Net Income to Common	377.68	454.53	417.08	419.42	481.65
Net Income Growth	-16.91%	8.98%	-0.56%	-12.92%	47.22%
Shares Outstanding (Basic)	56	57	58	57	57
Shares Outstanding (Diluted)	56	58	59	59	59
Shares Change (YoY)	-3.02%	-1.86%	-0.14%	0.18%	1.06%
EPS (Basic)	6.76	7.93	7.21	7.32	8.52
EPS (Diluted)	6.72	7.84	7.06	7.09	8.15
EPS Growth	-14.29%	11.05%	-0.42%	-13.01%	45.54%
Free Cash Flow	612.69	527.02	534.22	382.48	460.83
Free Cash Flow Growth	16.25%	-1.35%	39.67%	-17.00%	-3.11%
Free Cash Flow Per Share	10.90	9.09	9.04	6.46	7.80
Gross Margin	28.83%	30.68%	30.57%	31.88%	33.91%
Operating Margin	9.53%	11.52%	10.69%	11.88%	14.43%
Profit Margin	6.92%	9.61%	8.89%	8.69%	12.82%
FCF Margin	11.23%	11.15%	11.39%	7.93%	12.26%
EBITDA	686.08	671.69	633.94	713.02	687.47
EBITDA Margin	12.57%	14.21%	13.52%	14.78%	18.29%
EBIT	520	544.58	501.24	572.97	542.32
EBIT Margin	9.53%	11.52%	10.69%	11.88%	14.43%
Effective Tax Rate	25.30%	22.22%	22.27%	17.32%	9.70%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.