EPAM Systems, Inc. (EPAM)

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	3,546	3,275	3,236	3,243	2,484	1,733
Gross Profit	1,525	1,453	1,455	1,582	1,274	926.96
Selling, General & Admin	809.58	758.91	772.16	781.58	645.14	484.76
Operating Expenses	918.58	848.47	863.96	873.85	728.53	547.63
Operating Income	606.51	604.37	590.77	707.87	545.92	379.32
Interest & Investment Income	32.85	52.58	53.94	22.43	7.06	4.05
Currency Exchange Gain (Loss)	-23.3	-7.05	-15.78	-75.73	-7.2	-4.67
Other Non Operating Income (Expenses)	-	-	-	-	-	1.6
EBT Excluding Unusual Items	616.06	649.9	628.93	654.56	545.77	380.31
Merger & Restructuring Charges	-50.6	-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	-0.42	-6.02	-18.9	-	-
Other Unusual Items	-19.92	-19.7	-31.41	-109.3	-8.78	-1.83
Pretax Income	545.13	584.41	536.59	507.26	533.39	378.48
Income Tax Expense	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)	-2.68%	-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)	7.02	7.84	7.06	7.09	8.15	5.60
EPS Growth	0.62%	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 Per Share	7.17	9.09	9.04	6.46	7.80	8.14
Gross Margin	30.08%	30.73%	31.01%	32.78%	33.91%	34.86%
Operating Margin	11.96%	12.78%	12.60%	14.67%	14.53%	14.26%
Profit Margin	7.91%	9.61%	8.89%	8.69%	12.82%	12.30%
Free Cash Flow Margin	8.08%	11.15%	11.39%	7.93%	12.26%	17.88%
EBITDA	714.51	692.93	681.47	799.05	628.2	441.13
EBITDA Margin	14.09%	14.66%	14.53%	16.56%	16.72%	16.59%
D&A For EBITDA	108	88.56	90.7	91.19	82.29	61.81
EBIT	606.51	604.37	590.77	707.87	545.92	379.32
EBIT Margin	11.96%	12.78%	12.60%	14.67%	14.53%	14.26%
Effective Tax Rate	26.41%	22.22%	22.27%	17.32%	9.70%	13.56%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q