EPAM Systems Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,555	5,457	4,728	4,691	4,825	3,758
Revenue Growth (YoY)	14.21%	15.42%	0.80%	-2.78%	28.38%	41.31%
Cost of Revenue	3,944	3,884	3,278	3,257	3,287	2,484
Gross Profit	1,612	1,574	1,450	1,434	1,538	1,274
Selling, General & Admin	949.49	928.71	816.3	815.07	872.78	648.74
Depreciation & Amortization Expenses	124.91	124.81	89.56	91.8	92.27	83.4
Other Operating Expenses	-	-	-	25.92	-	-
Total Operating Expenses	1,074	1,054	905.86	932.79	965.05	732.13
Operating Income	537.44	520	544.58	501.24	572.97	542.32
Other Non-Operating Income (Expense)	-12.9	-25.93	-7.05	-15.78	-75.73	-7.2
Total Non-Operating Income (Expense)	7.31	11.55	46.88	51.12	10.03	-1.73
Pretax Income	531.86	505.62	584.41	536.59	507.26	533.39
Provision for Income Taxes	145.14	127.95	129.88	119.5	87.84	51.74
Net Income	386.72	377.68	454.53	417.08	419.42	481.65
Net Income to Common	386.72	377.68	454.53	417.08	419.42	481.65
Net Income Growth	-6.08%	-16.91%	8.98%	-0.56%	-12.92%	47.22%
Shares Outstanding (Basic)	55	56	57	58	57	57
Shares Outstanding (Diluted)	55	56	58	59	59	59
Shares Change (YoY)	-3.65%	-3.02%	-1.86%	-0.14%	0.18%	1.06%
EPS (Basic)	7.00	6.76	7.93	7.21	7.32	8.52
EPS (Diluted)	6.97	6.72	7.84	7.06	7.09	8.15
EPS Growth	-2.52%	-14.29%	11.05%	-0.42%	-13.01%	45.54%
Shares Outstanding	52.76	54.27	56.87	57.79	57.66	56.85
Free Cash Flow	543.64	612.69	527.02	534.22	382.48	460.83
Free Cash Flow Growth	-11.27%	16.25%	-1.35%	39.67%	-17.00%	-3.11%
Free Cash Flow Per Share	9.80	10.90	9.09	9.04	6.46	7.80
Gross Margin	29.01%	28.83%	30.68%	30.57%	31.88%	33.91%
Operating Margin	9.67%	9.53%	11.52%	10.69%	11.88%	14.43%
Profit Margin	6.96%	6.92%	9.61%	8.89%	8.69%	12.82%
FCF Margin	9.79%	11.23%	11.15%	11.39%	7.93%	12.26%
EBITDA	704.53	686.08	671.69	633.94	713.02	687.47
EBITDA Margin	12.68%	12.57%	14.21%	13.52%	14.78%	18.29%
EBIT	537.44	520	544.58	501.24	572.97	542.32
EBIT Margin	9.67%	9.53%	11.52%	10.69%	11.88%	14.43%
Effective Tax Rate	27.29%	25.30%	22.22%	22.27%	17.32%	9.70%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q