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 Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | 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 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | 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 | Jun '21 Jun 30, 2021 |
| 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 | 881.37 | |
Revenue Growth (YoY) | 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% |
Cost of Revenue | 1,012 | 984.35 | 983.17 | 964.01 | 952.01 | 868.31 | 763.99 | 810.86 | 834.33 | 797.63 | 794.27 | 808.72 | 855.9 | 832.73 | 826.8 | 846.32 | 780.84 | 727.27 | 653.37 | 583.73 |
Gross Profit | 388.01 | 423.2 | 411.2 | 389.43 | 349.68 | 380.04 | 403.54 | 335.74 | 331.13 | 359.62 | 357.87 | 361.49 | 355.04 | 398.58 | 400.12 | 348.54 | 390.78 | 380.2 | 335.17 | 297.64 |
Selling, General & Admin | 239.7 | 243.16 | 234.95 | 231.68 | 218.92 | 216.97 | 206.82 | 194.06 | 198.45 | 213.97 | 194.83 | 194.38 | 211.89 | 204.95 | 198.02 | 232.53 | 237.28 | 190.94 | 169.5 | 151.91 |
Depreciation & Amortization Expenses | 31.54 | 30.79 | 31.31 | 31.27 | 31.44 | 26.56 | 19.74 | 21.12 | 22.15 | 23.16 | 23.09 | 22.77 | 22.78 | 23.15 | 21.88 | 22.99 | 24.26 | 23.59 | 21.54 | 20.45 |
Other Operating Expenses | - | - | - | - | - | - | - | - | - | 0 | 25.92 | - | - | - | - | - | - | - | - | - |
Total Operating Expenses | 271.24 | 273.95 | 266.26 | 262.96 | 250.35 | 243.53 | 226.56 | 215.18 | 220.6 | 237.13 | 243.84 | 217.15 | 234.67 | 228.1 | 219.9 | 255.52 | 261.54 | 214.53 | 191.04 | 172.36 |
Operating Income | 116.77 | 149.25 | 144.94 | 126.48 | 99.33 | 136.51 | 176.98 | 120.56 | 110.53 | 122.49 | 114.03 | 144.35 | 120.37 | 170.48 | 180.23 | 93.02 | 129.24 | 165.67 | 144.12 | 125.27 |
Other Non-Operating Income (Expense) | 2.3 | -5.34 | -3.63 | -6.23 | -10.73 | -5.63 | -0.71 | 1.21 | -1.92 | - | 3.89 | -6.01 | -4.61 | - | 6.69 | -85.94 | -22.79 | - | -3.44 | -4.69 |
Total Non-Operating Income (Expense) | 1.58 | -0.09 | 2.3 | 3.52 | 5.81 | 6.45 | 13.35 | 12.04 | 15.04 | 13.96 | 13.93 | 11.71 | 11.52 | 4.38 | 4.23 | 1.58 | -0.17 | -4.36 | -5.33 | 2.58 |
Pretax Income | 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 | 123.16 |
Provision for Income Taxes | 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 | 8.49 |
Net Income | 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 | 114.67 |
Net Income to Common | 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 | 114.67 |
Net Income Growth | 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% | 72.12% |
Shares Outstanding (Basic) | 54 | 55 | 56 | 56 | 57 | 57 | 57 | 58 | 58 | 58 | 58 | 58 | 58 | 58 | 57 | 57 | 57 | 57 | 57 | 56 |
Shares Outstanding (Diluted) | 54 | 55 | 56 | 57 | 57 | 57 | 57 | 58 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 |
Shares Change (YoY) | -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% | 2.32% | 1.00% | 1.31% |
EPS (Basic) | 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 | 2.03 |
EPS (Diluted) | 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 | 2.61 | 2.63 | 0.32 | 1.52 | 2.40 | 1.95 | 1.94 |
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% |
Free Cash Flow | -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 | 46.25 |
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% |
Free Cash Flow Per Share | -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 | 0.78 |
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% |
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% |
EBITDA | 158.74 | 190.37 | 186.61 | 168.8 | 140.7 | 172.56 | 205.99 | 151.02 | 142.11 | 155.71 | 147.33 | 177.7 | 153.2 | 204.06 | 213.4 | 127.26 | 168.29 | 204.32 | 180.86 | 161.55 |
EBITDA Margin | 11.34% | 13.53% | 13.38% | 12.47% | 10.81% | 13.82% | 17.64% | 13.17% | 12.19% | 13.46% | 12.79% | 15.19% | 12.65% | 16.57% | 17.39% | 10.65% | 14.36% | 18.45% | 18.30% | 18.33% |
EBIT | 116.77 | 149.25 | 144.94 | 126.48 | 99.33 | 136.51 | 176.98 | 120.56 | 110.53 | 122.49 | 114.03 | 144.35 | 120.37 | 170.48 | 180.23 | 93.02 | 129.24 | 165.67 | 144.12 | 125.27 |
EBIT 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% |
Effective Tax Rate | 31.60% | 23.97% | 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% | -114.88% | 15.59% | 11.05% | 14.56% | 6.89% |