EPAM Systems, Inc. (EPAM)
NYSE: EPAM · Real-Time Price · USD
117.91
+3.39 (2.96%)
At close: Sep 11, 2026, 4:00 PM EDT
117.62
-0.29 (-0.25%)
After-hours: Sep 11, 2026, 7:30 PM EDT
EPAM Systems Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
| 1,415 | 1,400 | 1,408 | 1,394 | 1,353 | 1,302 | 1,248 | 1,168 | 1,147 | 1,165 | 1,157 | 1,152 | 1,170 | 1,211 | 1,231 | 1,227 | 1,195 | 1,172 | 1,107 | 988.54 | |
Revenue Growth (YoY) | 4.53% | 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% |
Cost of Revenue | 984.7 | 1,011 | 983.85 | 982.57 | 963.41 | 951.41 | 867.71 | 763.39 | 810.26 | 833.63 | 794.63 | 791.27 | 803.82 | 846 | 805.83 | 822.9 | 833.72 | 759.04 | 727.27 | 653.37 |
Gross Profit | 430.07 | 388.61 | 423.7 | 411.8 | 390.03 | 350.28 | 380.64 | 404.14 | 336.34 | 331.83 | 362.62 | 360.87 | 366.39 | 364.94 | 425.48 | 404.02 | 361.14 | 412.58 | 380.2 | 335.17 |
Selling, General & Admin | 243.25 | 223.91 | 225.98 | 231.55 | 228.08 | 209.81 | 193.72 | 203.82 | 191.96 | 188.84 | 177.95 | 193.83 | 193.18 | 208 | 201.57 | 191.32 | 213.03 | 183.28 | 187.34 | 169.5 |
Operating Expenses | 275.35 | 255.45 | 256.76 | 262.86 | 259.36 | 241.24 | 220.27 | 223.56 | 213.08 | 210.98 | 201.11 | 216.92 | 215.95 | 230.78 | 224.71 | 213.2 | 236.02 | 207.54 | 210.93 | 191.04 |
Operating Income | 154.72 | 133.16 | 166.94 | 148.94 | 130.68 | 109.04 | 160.37 | 180.58 | 123.26 | 120.85 | 161.52 | 143.95 | 150.45 | 134.16 | 200.76 | 190.83 | 125.12 | 205.04 | 169.27 | 144.12 |
Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -5.33 |
Interest & Investment Income | - | 2.57 | 3.8 | 2.3 | 3.52 | 5.81 | 12.15 | 13.35 | 12.04 | 15.04 | 16.78 | 13.93 | 11.71 | 11.52 | 15.48 | 4.23 | 1.58 | 1.14 | 0.73 | - |
Currency Exchange Gain (Loss) | -9.85 | 2.3 | -5.34 | -3.63 | -6.23 | -10.73 | -5.63 | -0.71 | 1.21 | -1.92 | -9.05 | 3.89 | -6.01 | -4.61 | 26.3 | 6.69 | -85.94 | -22.79 | -1.36 | -3.44 |
Other Non Operating Income (Expenses) | -1.82 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.7 | - |
EBT Excluding Unusual Items | 143.05 | 138.03 | 165.4 | 147.62 | 127.97 | 104.13 | 166.88 | 193.22 | 136.51 | 133.97 | 169.24 | 161.77 | 156.15 | 141.07 | 242.55 | 201.75 | 40.76 | 183.39 | 172.33 | 135.36 |
Merger & Restructuring Charges | - | -13.4 | -15.11 | - | -0.3 | -5.31 | -18.94 | - | - | -7.02 | -28.99 | - | - | - | 16.9 | -0.7 | -14.4 | - | -3.6 | - |
Impairment of Goodwill | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.7 | - | - | -0.7 | - | - |
Gain (Loss) on Sale of Assets | - | - | - | - | - | - | - | - | - | - | - | -25.92 | - | - | - | - | - | - | - | - |
Asset Writedown | - | - | -0.18 | - | - | - | -0.42 | - | - | - | -5.33 | - | - | -0.09 | 18.9 | - | - | -19.7 | - | - |
Other Unusual Items | -2.5 | -3.99 | -6.29 | -4 | -3.9 | -4.4 | -10.2 | -3.6 | -2.7 | -3.3 | -7.51 | -4 | -6.1 | -13.7 | -77.89 | -9.9 | -17.7 | -56.7 | -8.78 | - |
Pretax Income | 140.55 | 120.65 | 143.82 | 143.62 | 123.77 | 94.42 | 137.33 | 189.62 | 133.81 | 123.66 | 127.4 | 131.85 | 150.05 | 127.28 | 201.16 | 191.15 | 8.66 | 106.29 | 159.95 | 135.36 |
Income Tax Expense | 37.57 | 38.13 | 34.47 | 36.8 | 35.74 | 20.94 | 34.03 | 53.27 | 35.17 | 7.41 | 29.85 | 34.65 | 30.01 | 24.99 | 46.12 | 35.09 | -9.95 | 16.57 | 17.67 | 19.7 |
Net Income | 102.98 | 82.52 | 109.35 | 106.82 | 88.03 | 73.48 | 103.3 | 136.35 | 98.65 | 116.24 | 97.55 | 97.2 | 120.03 | 102.29 | 155.04 | 156.05 | 18.6 | 89.72 | 142.28 | 115.66 |
Net Income to Common | 102.98 | 82.52 | 109.35 | 106.82 | 88.03 | 73.48 | 103.3 | 136.35 | 98.65 | 116.24 | 97.55 | 97.2 | 120.03 | 102.29 | 155.04 | 156.05 | 18.6 | 89.72 | 142.28 | 115.66 |
Net Income Growth (YoY) | 16.99% | 12.30% | 5.86% | -21.66% | -10.76% | -36.79% | 5.89% | 40.27% | -17.82% | 13.64% | -37.08% | -37.71% | 545.20% | 14.01% | 8.97% | 34.93% | -83.78% | -17.72% | 66.33% | 29.32% |
Shares Outstanding (Basic) | 52 | 54 | 55 | 56 | 56 | 57 | 57 | 57 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 57 | 57 | 57 | 57 | 57 |
Shares Outstanding (Diluted) | 52 | 54 | 55 | 56 | 57 | 57 | 57 | 57 | 58 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 |
Shares Change (YoY) | -7.55% | -5.38% | -3.65% | -2.80% | -2.77% | -2.83% | -2.51% | -2.58% | -1.74% | -0.62% | -0.73% | -0.69% | 0.27% | 0.61% | 0.16% | 0.26% | 0.01% | 0.28% | 0.82% | 1.00% |
EPS (Basic) | 1.97 | 1.53 | 1.99 | 1.92 | 1.56 | 1.29 | 1.82 | 2.40 | 1.71 | 2.01 | 1.69 | 1.68 | 2.07 | 1.77 | 2.69 | 2.72 | 0.33 | 1.58 | 2.51 | 2.04 |
EPS (Diluted) | 1.97 | 1.52 | 1.98 | 1.91 | 1.56 | 1.28 | 1.80 | 2.37 | 1.70 | 1.97 | 1.66 | 1.65 | 2.03 | 1.73 | 2.62 | 2.63 | 0.32 | 1.52 | 2.40 | 1.95 |
EPS Growth (YoY) | 26.28% | 18.75% | 9.90% | -19.41% | -8.24% | -35.02% | 8.34% | 43.64% | -16.26% | 13.87% | -36.58% | -37.26% | 534.38% | 13.82% | 9.09% | 34.87% | -83.50% | -18.28% | 64.37% | 27.45% |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | -17.64 | -54.22 | 268.11 | 286.38 | 43.37 | 14.83 | 114.53 | 237 | 52.32 | 123.17 | 161.37 | 211.26 | 82.17 | 79.42 | 164.57 | 233.66 | 59.36 | -75.12 | 228 | 184.94 |
Free Cash Flow Per Share | -0.34 | -1.00 | 4.84 | 5.13 | 0.77 | 0.26 | 1.99 | 4.13 | 0.90 | 2.09 | 2.74 | 3.58 | 1.39 | 1.34 | 2.77 | 3.94 | 1.01 | -1.27 | 3.85 | 3.12 |
Gross Margin | 30.40% | 27.76% | 30.10% | 29.53% | 28.82% | 26.91% | 30.49% | 34.62% | 29.33% | 28.47% | 31.34% | 31.32% | 31.31% | 30.14% | 34.55% | 32.93% | 30.22% | 35.21% | 34.33% | 33.91% |
Operating Margin | 10.94% | 9.51% | 11.86% | 10.68% | 9.65% | 8.38% | 12.85% | 15.47% | 10.75% | 10.37% | 13.96% | 12.49% | 12.86% | 11.08% | 16.30% | 15.55% | 10.47% | 17.50% | 15.28% | 14.58% |
Profit Margin | 7.28% | 5.89% | 7.77% | 7.66% | 6.50% | 5.64% | 8.28% | 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% |
Free Cash Flow Margin | -1.25% | -3.87% | 19.05% | 20.54% | 3.20% | 1.14% | 9.18% | 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% |
EBITDA | 186.82 | 164.7 | 197.48 | 180.26 | 161.95 | 140.48 | 185.92 | 200.32 | 144.38 | 143 | 183.57 | 167.04 | 173.21 | 156.94 | 222.82 | 212.7 | 148.11 | 229.3 | 191.75 | 165.67 |
EBITDA Margin | 13.21% | 11.76% | 14.03% | 12.93% | 11.97% | 10.79% | 14.89% | 17.16% | 12.59% | 12.27% | 15.86% | 14.50% | 14.80% | 12.96% | 18.10% | 17.34% | 12.40% | 19.57% | 17.31% | 16.76% |
D&A For EBITDA | 32.1 | 31.54 | 30.54 | 31.31 | 31.27 | 31.44 | 25.55 | 19.74 | 21.12 | 22.15 | 22.06 | 23.09 | 22.77 | 22.78 | 22.06 | 21.88 | 22.99 | 24.26 | 22.48 | 21.54 |
EBIT | 154.72 | 133.16 | 166.94 | 148.94 | 130.68 | 109.04 | 160.37 | 180.58 | 123.26 | 120.85 | 161.52 | 143.95 | 150.45 | 134.16 | 200.76 | 190.83 | 125.12 | 205.04 | 169.27 | 144.12 |
EBIT Margin | 10.94% | 9.51% | 11.86% | 10.68% | 9.65% | 8.38% | 12.85% | 15.47% | 10.75% | 10.37% | 13.96% | 12.49% | 12.86% | 11.08% | 16.30% | 15.55% | 10.47% | 17.50% | 15.28% | 14.58% |
Effective Tax Rate | 26.73% | 31.60% | 23.96% | 25.62% | 28.88% | 22.17% | 24.78% | 28.09% | 26.28% | 5.99% | 23.43% | 26.28% | 20.00% | 19.63% | 22.93% | 18.36% | - | 15.59% | 11.05% | 14.56% |