EPAM Systems, Inc. (EPAM)

NYSE: EPAM · Real-Time Price · USD

113.04

-0.20 (-0.18%)

At close: Oct 12, 2026, 4:00 PM EDT

113.20

+0.16 (0.14%)

Pre-market: Oct 13, 2026, 4:00 AM EDT

EPAM Systems Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	5,617	5,457	4,728	4,691	4,825	3,758
Revenue Growth	10.76%	15.42%	0.80%	-2.78%	28.38%	41.31%
Gross Profit	1,654	1,576	1,453	1,455	1,582	1,274
Operating Income	627.86	582.67	604.37	561.78	707.87	545.92
Net Income	401.67	377.68	454.53	417.08	419.42	481.65
Earnings Per Share	7.39	6.72	7.84	7.06	7.09	8.15
EPS Growth	5.27%	-14.29%	11.05%	-0.42%	-13.01%	45.54%

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
North America	3,189	3,166	2,866	2,765	2,899	2,242
Europe	2,428	2,291	1,862	1,909	1,853	1,350
Revenue (Total)	5,617	5,457	4,728	4,691	4,825	3,758

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Cash & Investments	789.4	1,296	1,286	2,097	1,742	1,447
Total Debt	152.24	143.7	163.25	171.95	193.22	239.16
Net Cash (Debt)	637.15	1,152	1,123	1,925	1,548	1,207
Net Cash Growth	-27.48%	2.61%	-41.66%	24.32%	28.24%	8.22%
Net Cash Per Share	11.71	20.49	19.37	32.58	26.17	20.44

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Operating Cash Flow	538.79	654.93	559.17	562.63	464.1	572.33
Capital Expenditures	-56.15	-42.24	-32.15	-28.42	-81.63	-111.5
Free Cash Flow	482.64	612.69	527.02	534.22	382.48	460.83
Free Cash Flow Growth	17.79%	16.25%	-1.35%	39.67%	-17.00%	-3.11%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Gross Margin	29.45%	28.88%	30.73%	31.01%	32.78%	33.91%
Operating Margin	11.18%	10.68%	12.78%	11.98%	14.67%	14.53%
Pretax Margin	9.77%	9.27%	12.36%	11.44%	10.51%	14.19%
Profit Margin	7.15%	6.92%	9.61%	8.89%	8.69%	12.82%
FCF Margin	8.59%	11.23%	11.15%	11.39%	7.93%	12.26%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 13, 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
PE Ratio	15.29	29.97	29.18	41.14	44.94	78.72
Forward PE	8.33	16.62	21.15	29.12	27.82	64.01
P/FCF Ratio	12.08	18.47	25.17	32.12	49.28	82.27
PS Ratio	1.04	2.07	2.81	3.66	3.91	10.09