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EPAM Systems, Inc. (EPAM)
NYSE: EPAM · Real-Time Price · USD
89.85
+3.71 (4.31%)
At close: Jul 24, 2026, 4:00 PM EDT
89.51
-0.34 (-0.38%)
After-hours: Jul 24, 2026, 4:33 PM EDT

EPAM Systems Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal QuarterQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021
Period EndingMar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21 Jun '21
Revenue
1,4001,4081,3941,3531,3021,2481,1681,1471,1651,1571,1521,1701,2111,2311,2271,1951,1721,107988.54881.37
Revenue Growth
7.56%12.75%19.43%18.04%11.69%7.87%1.34%-2.02%-3.75%-6.01%-6.09%-2.06%3.36%11.18%24.11%35.57%50.06%53.07%51.56%39.37%
Gross Profit
388.01423.2411.2389.43349.68380.04403.54335.74331.13359.62357.87361.49355.04398.58400.12348.54390.78380.2335.17297.64
Operating Income
116.77149.25144.94126.4899.33136.51176.98120.56110.53122.49114.03144.35120.37170.48180.2393.02129.24165.67144.12125.27
Net Income
82.52109.35106.8288.0373.48103.3136.3598.65116.2497.5597.2120.03102.29155.04156.0518.689.72142.28115.66114.67
Earnings Per Share
1.521.981.911.561.281.802.371.701.971.661.652.031.732.612.630.321.522.401.951.94
EPS Growth
18.75%10.00%-19.41%-8.24%-35.02%8.43%43.64%-16.26%13.87%-36.40%-37.26%534.38%13.82%8.75%34.87%-83.50%-18.28%19.40%27.45%70.17%

Revenue by Segment
Chart
Fiscal QuarterQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021
Period EndingMar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21 Jun '21
North America
795.4801.68799.87787.4777.17758.37704.61698.63704.73690.22684.78680.07709.96738.8748.38723.66687.71641.51593.86532.02
Europe
604.67605.87594.5566.04524.52489.98462.91447.97460.74467.04465.81483.44493.15479.13470.01451.94451.97411.75350.08311.95
Revenue (Total)
1,4001,4081,3941,3531,3021,2481,1681,1471,1651,1571,1521,1701,2111,2311,2271,1951,1721,107988.54881.37

Cash & Debt
Chart
Fiscal QuarterQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021
Period EndingMar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21 Jun '21
Cash & Investments
1,0371,2961,2391,0411,1741,2862,0591,8492,0452,0971,9331,8481,8101,7421,5481,3541,2761,4471,2671,283
Total Debt
287.94143.7155.22162.69158.14163.25165.44165.98172.36171.95174.13180.84187.1190.36197.29208.94228.29239.16225.75229.84
Net Cash (Debt)
749.021,1521,084878.651,0161,1231,8931,6831,8731,9251,7591,6671,6231,5511,3511,1451,0481,2071,0411,053
Net Cash Growth
-26.24%2.61%-42.75%-47.78%-45.78%-41.66%7.62%0.91%15.42%24.09%30.27%45.67%54.81%28.48%29.75%8.67%-7.21%8.22%9.44%34.01%
Net Cash Per Share
13.8220.8219.4215.5417.7319.5532.9728.9431.7832.6829.8428.1827.3726.1422.7519.3917.7820.3817.5817.85

Cash Flow & CapEx
Chart
Fiscal QuarterQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021
Period EndingMar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21 Jun '21
Operating Cash Flow
-36.36282.89294.6853.224.16130.26241.9657.03129.92171.37214.8889.0587.33186.07252.3777.52-51.85284.61206.0568.84
Capital Expenditures
-17.86-14.78-8.3-9.83-9.33-15.73-4.97-4.7-6.75-10-3.62-6.88-7.91-21.5-18.71-18.15-23.27-56.62-21.11-22.59
Free Cash Flow
-54.22268.11286.3843.3714.83114.5323752.32123.17161.37211.2682.1779.42164.57233.6659.36-75.12228184.9446.25
Free Cash Flow Growth
-134.09%20.84%-17.12%-87.96%-29.03%12.19%-36.32%55.09%-1.94%-9.59%38.42%--27.82%26.34%28.36%-61.76%11.56%-65.67%

Margins
Chart
Fiscal QuarterQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021
Period EndingMar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21 Jun '21
Gross Margin
27.71%30.07%29.49%28.77%26.86%30.44%34.56%29.28%28.41%31.08%31.06%30.89%29.32%32.37%32.61%29.17%33.35%34.33%33.91%33.77%
Operating Margin
8.34%10.60%10.39%9.34%7.63%10.94%15.16%10.51%9.48%10.58%9.90%12.34%9.94%13.85%14.69%7.79%11.03%14.96%14.58%14.21%
Pretax Margin
8.62%10.22%10.30%9.14%7.25%11.00%16.24%11.67%10.61%11.01%11.44%12.82%10.51%16.34%15.58%0.72%9.07%14.44%13.69%13.97%
Profit Margin
5.89%7.77%7.66%6.50%5.65%8.27%11.68%8.60%9.97%8.43%8.44%10.26%8.45%12.59%12.72%1.56%7.66%12.85%11.70%13.01%
FCF Margin
-3.87%19.05%20.54%3.20%1.14%9.17%20.30%4.56%10.57%13.94%18.34%7.02%6.56%13.37%19.04%4.97%-6.41%20.59%18.71%5.25%

Valuation
Chart
Fiscal QuarterQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021
Period EndingMar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21 Jun '21
PE Ratio
19.4330.4923.0225.2223.6129.8225.8526.9537.7842.1231.8824.9741.0246.2352.7247.6237.9882.0273.5269.61
Forward PE
10.6016.6212.9915.7915.8521.1518.8018.4826.9529.1225.5622.6426.4727.8233.3333.6830.6664.0160.6063.30
P/FCF Ratio
13.1418.1518.1324.0422.8425.2319.6719.5427.6832.1627.4523.2732.2157.1552.85--82.4686.5581.57
PS Ratio
1.292.041.571.941.972.812.432.323.443.663.102.693.563.924.433.794.0810.119.599.52