EPAM Systems, Inc. (EPAM)

EPAM Systems Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	4,728	4,691	4,825	3,758	2,659
Revenue Growth (YoY)	0.80%	-2.78%	28.38%	41.31%	15.94%
Cost of Revenue	3,275	3,236	3,243	2,484	1,733
Gross Profit	1,453	1,455	1,582	1,274	926.96
Selling, General & Admin	758.91	772.16	781.58	645.14	484.76
Operating Expenses	848.47	863.96	873.85	728.53	547.63
Operating Income	604.37	590.77	707.87	545.92	379.32
Interest & Investment Income	52.58	53.94	22.43	7.06	4.05
Currency Exchange Gain (Loss)	-7.05	-15.78	-75.73	-7.2	-4.67
Other Non Operating Income (Expenses)	-	-	-	-	1.6
EBT Excluding Unusual Items	649.9	628.93	654.56	545.77	380.31
Merger & Restructuring Charges	-45.37	-28.99	-17.1	-3.6	-
Impairment of Goodwill	-	-	-0.7	-	-
Gain (Loss) on Sale of Investments	-	-	-1.3	-	-
Gain (Loss) on Sale of Assets	-	-25.92	-	-	-
Asset Writedown	-0.42	-6.02	-18.9	-	-
Other Unusual Items	-19.7	-31.41	-109.3	-8.78	-1.83
Pretax Income	584.41	536.59	507.26	533.39	378.48
Income Tax Expense	129.88	119.5	87.84	51.74	51.32
Net Income	454.53	417.08	419.42	481.65	327.16
Net Income to Common	454.53	417.08	419.42	481.65	327.16
Net Income Growth	8.98%	-0.56%	-12.92%	47.22%	25.32%
Shares Outstanding (Basic)	57	58	57	57	56
Shares Outstanding (Diluted)	58	59	59	59	58
Shares Change (YoY)	-1.86%	-0.14%	0.18%	1.06%	1.35%
EPS (Basic)	7.93	7.21	7.32	8.52	5.87
EPS (Diluted)	7.84	7.06	7.09	8.15	5.60
EPS Growth	11.05%	-0.42%	-13.01%	45.54%	23.62%
Free Cash Flow	527.02	534.22	382.48	460.83	475.61
Free Cash Flow Per Share	9.09	9.04	6.46	7.80	8.14
Gross Margin	30.73%	31.01%	32.78%	33.91%	34.86%
Operating Margin	12.78%	12.60%	14.67%	14.53%	14.26%
Profit Margin	9.61%	8.89%	8.69%	12.82%	12.30%
Free Cash Flow Margin	11.15%	11.39%	7.93%	12.26%	17.88%
EBITDA	692.93	681.47	799.05	628.2	441.13
EBITDA Margin	14.66%	14.53%	16.56%	16.72%	16.59%
D&A For EBITDA	88.56	90.7	91.19	82.29	61.81
EBIT	604.37	590.77	707.87	545.92	379.32
EBIT Margin	12.78%	12.60%	14.67%	14.53%	14.26%
Effective Tax Rate	22.22%	22.27%	17.32%	9.70%	13.56%

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q