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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	5,298	4,728	4,691	4,825	3,758	2,659
Revenue Growth (YoY)	14.26%	0.80%	-2.78%	28.38%	41.31%	15.94%
Cost of Revenue	3,765	3,275	3,236	3,243	2,484	1,733
Gross Profit	1,533	1,453	1,455	1,582	1,274	926.96
Selling, General & Admin	836.08	758.91	772.16	781.58	645.14	484.76
Operating Expenses	956.66	848.47	863.96	873.85	728.53	547.63
Operating Income	576.1	604.37	590.77	707.87	545.92	379.32
Interest & Investment Income	23.36	52.58	53.94	22.43	7.06	4.05
Currency Exchange Gain (Loss)	-26.21	-7.05	-15.78	-75.73	-7.2	-4.67
Other Non Operating Income (Expenses)	-	-	-	-	-	1.6
EBT Excluding Unusual Items	573.24	649.9	628.93	654.56	545.77	380.31
Merger & Restructuring Charges	-51.72	-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	-21.97	-19.7	-31.41	-109.3	-8.78	-1.83
Pretax Income	499.13	584.41	536.59	507.26	533.39	378.48
Income Tax Expense	127.51	129.88	119.5	87.84	51.74	51.32
Net Income	371.62	454.53	417.08	419.42	481.65	327.16
Net Income to Common	371.62	454.53	417.08	419.42	481.65	327.16
Net Income Growth	-17.19%	8.98%	-0.56%	-12.92%	47.22%	25.32%
Shares Outstanding (Basic)	56	57	58	57	57	56
Shares Outstanding (Diluted)	57	58	59	59	59	58
Shares Change (YoY)	-2.73%	-1.86%	-0.14%	0.18%	1.06%	1.35%
EPS (Basic)	6.59	7.93	7.21	7.32	8.52	5.87
EPS (Diluted)	6.55	7.84	7.06	7.09	8.15	5.60
EPS Growth	-14.89%	11.05%	-0.42%	-13.01%	45.54%	23.62%
Free Cash Flow	459.11	527.02	534.22	382.48	460.83	475.61
Free Cash Flow Per Share	8.09	9.09	9.04	6.46	7.80	8.14
Gross Margin	28.93%	30.73%	31.01%	32.78%	33.91%	34.86%
Operating Margin	10.87%	12.78%	12.60%	14.67%	14.53%	14.26%
Profit Margin	7.02%	9.61%	8.89%	8.69%	12.82%	12.30%
Free Cash Flow Margin	8.67%	11.15%	11.39%	7.93%	12.26%	17.88%
EBITDA	695.68	692.93	681.47	799.05	628.2	441.13
EBITDA Margin	13.13%	14.66%	14.53%	16.56%	16.72%	16.59%
D&A For EBITDA	119.58	88.56	90.7	91.19	82.29	61.81
EBIT	576.1	604.37	590.77	707.87	545.92	379.32
EBIT Margin	10.87%	12.78%	12.60%	14.67%	14.53%	14.26%
Effective Tax Rate	25.55%	22.22%	22.27%	17.32%	9.70%	13.56%

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q