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EPAM Systems, Inc. (EPAM)
NYSE: EPAM · Real-Time Price · USD
165.15
+27.79 (20.23%)
Nov 5, 2026, 12:53 PM EST - Market open

EPAM Systems Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
5,6495,4574,7284,6914,8253,758
Revenue Growth
6.62%15.42%0.80%-2.78%28.38%41.31%
Gross Profit
1,6891,5761,4531,4551,5821,274
Operating Income
656.84582.67604.37561.78707.87545.92
Net Income
425.17377.68454.53417.08419.42481.65
Earnings Per Share
7.986.727.847.067.098.15
EPS Growth
21.87%-14.29%11.05%-0.42%-13.01%45.54%

Revenue by Segment
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Financial Services
1,4371,3161,0231,0181,027848.37
Consumer Goods, Retail & Travel
1,0951,0781,0131,0731,092741.13
Software & Hi-Tech
826.95821.82702.37707.72793.26664.6
Business Information & Media
661.61675.67674.6753.98809.95666.94
Life Sciences & Healthcare
663.17625.61574.61489.91507.37391.31
Emerging Verticals
964.9939.96740.62647.54595.21445.8
Revenue (Total)
-5,4574,7284,6914,8253,758

Cash & Debt
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
965.171,2961,2862,0971,7421,447
Total Debt
146.33143.7163.25171.95193.22239.16
Net Cash (Debt)
818.851,1521,1231,9251,5481,207
Net Cash Growth
-24.45%2.61%-41.66%24.32%28.24%8.22%
Net Cash Per Share
15.3620.4919.3732.5826.1720.44

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-654.93559.17562.63464.1572.33
Capital Expenditures
--42.24-32.15-28.42-81.63-111.5
Free Cash Flow
-612.69527.02534.22382.48460.83
Free Cash Flow Growth
-16.25%-1.35%39.67%-17.00%-3.11%

Margins
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
29.90%28.88%30.73%31.01%32.78%33.91%
Operating Margin
11.63%10.68%12.78%11.98%14.67%14.53%
Pretax Margin
10.29%9.27%12.36%11.44%10.51%14.19%
Profit Margin
7.53%6.92%9.61%8.89%8.69%12.82%
FCF Margin
-11.23%11.15%11.39%7.93%12.26%

Valuation
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
20.7129.9729.1841.1444.9478.72
Forward PE
11.9016.6221.1529.1227.8264.01
P/FCF Ratio
17.7018.4725.1732.1249.2882.27
PS Ratio
1.512.072.813.663.9110.09