EPAM Systems, Inc. (EPAM)

EPAM Financials

EPAM Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	5.555B	1.400B	1.408B	1.394B	1.353B	1.302B	1.248B	1.168B	1.147B
Cost of Goods Sold	4.006B	1.044B	984.346M	1.014B	964.012M	952.008M	868.314M	763.992M	810.857M
Gross Profit	1.551B	358.337M	423.202M	379.891M	389.431M	349.684M	380.037M	403.535M	335.740M
Gross Profit Margin	25.6%	25.6%	30.1%	27.2%	28.8%	26.9%	30.4%	34.6%	29.3%
Total Operating Expenses	1.000B	239.702M	273.948M	223.856M	262.955M	250.354M	243.525M	226.556M	215.179M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	938.400M	239.702M	243.161M	223.856M	231.681M	218.917M	216.969M	206.820M	194.058M
Operating Income (EBIT)	550.400M	118.635M	149.254M	156.035M	126.476M	99.330M	136.512M	176.979M	120.561M
Operating Margin	8.5%	8.5%	10.6%	11.2%	9.3%	7.6%	10.9%	15.2%	10.5%
Income Before Tax (EBT)	531.855M	120.648M	143.821M	143.618M	123.768M	94.417M	137.331M	189.616M	133.810M
Interest Income	8.063M	597K	89K	3.858M	3.519M	5.814M	6.451M	13.347M	12.036M
Interest Expense	—	—	—	—	—	—	—	—	—
Other Income/Expense	-18.545M	2.013M	-5.433M	-12.417M	-2.708M	-4.913M	819K	12.637M	13.249M
Net Income	386.717M	82.521M	109.354M	106.816M	88.026M	73.482M	103.299M	136.346M	98.645M
Income Tax Expense	145.138M	38.127M	34.467M	36.802M	35.742M	20.935M	34.032M	53.270M	35.165M
Net Profit Margin	5.9%	5.9%	7.8%	7.7%	6.5%	5.6%	8.3%	11.7%	8.6%
EBITDA	677.855M	162.622M	174.608M	174.931M	165.694M	135.783M	173.381M	218.630M	164.270M
EBITDA Margin	11.6%	11.6%	12.4%	12.5%	12.2%	10.4%	13.9%	18.7%	14.3%
Depreciation & Amortization	146.000M	41.974M	30.787M	31.313M	41.926M	41.366M	36.050M	29.014M	30.460M
EPS Basic	7.00	1.53	1.99	1.92	1.56	1.29	1.82	2.40	1.71
EPS Diluted	6.97	1.52	1.98	1.91	1.56	1.28	1.80	2.37	1.70
Shares Outstanding	53.793M	53.793M	54.942M	55.557M	56.548M	56.780M	56.818M	56.910M	57.594M
Diluted Shares Outstanding	54.183M	54.183M	55.341M	55.817M	56.898M	57.262M	57.435M	57.425M	58.149M

EPAM Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	5.457B	4.728B	4.691B	4.825B	3.758B	2.659B	2.294B	1.843B
Cost of Goods Sold	4.008B	3.277B	3.257B	3.287B	2.484B	1.733B	1.488B	1.187B
Gross Profit	1.449B	1.450B	1.434B	1.538B	1.274B	926.956M	805.600M	655.991M
Gross Profit Margin	26.5%	30.7%	30.6%	31.9%	33.9%	34.9%	35.1%	35.6%
Total Operating Expenses	927.547M	905.859M	932.787M	965.049M	732.131M	547.632M	502.750M	410.227M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	928.707M	816.300M	815.065M	872.777M	648.736M	484.758M	457.433M	373.587M
Operating Income (EBIT)	521.163M	544.584M	501.239M	572.966M	542.316M	379.324M	302.850M	245.764M
Operating Margin	9.6%	11.5%	10.7%	11.9%	14.4%	14.3%	13.2%	13.3%
Income Before Tax (EBT)	505.624M	584.412M	536.585M	507.258M	533.392M	378.479M	299.526M	249.773M
Interest Income	15.011M	46.876M	51.124M	10.025M	—	3.822M	8.725M	3.522M
Interest Expense	—	—	—	—	1.727M	—	—	—
Other Income/Expense	-15.539M	39.828M	35.346M	-65.708M	-8.924M	-845K	-3.324M	4.009M
Net Income	377.678M	454.533M	417.083M	419.416M	481.652M	327.160M	261.057M	240.256M
Income Tax Expense	127.946M	129.879M	119.502M	87.842M	51.740M	51.319M	38.469M	9.517M
Net Profit Margin	6.9%	9.6%	8.9%	8.7%	12.8%	12.3%	11.4%	13.0%
EBITDA	630.435M	711.516M	659.863M	647.307M	680.270M	508.567M	404.026M	282.404M
EBITDA Margin	11.6%	15.0%	14.1%	13.4%	18.1%	19.1%	17.6%	15.3%
Depreciation & Amortization	124.811M	127.104M	132.702M	140.049M	145.151M	129.243M	101.176M	36.640M
EPS Basic	6.76	7.93	7.21	7.32	8.52	5.87	4.77	4.24
EPS Diluted	6.72	7.84	7.06	7.09	8.15	5.60	4.53	4.24
Shares Outstanding	55.893M	57.288M	57.829M	57.291M	56.511M	55.727M	57.628M	56.664M
Diluted Shares Outstanding	56.233M	57.983M	59.085M	59.169M	59.064M	58.446M	57.668M	56.673M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About EPAM Systems, Inc.

EPAM Systems, Inc. is a leading global provider of comprehensive digital platform engineering and software development solutions. The company's extensive service portfolio includes: Engineering Services: From initial requirements analysis and strategic platform selection to tailored customization, seamless cross-platform migration, and robust implementation and integration of new systems. Infrastructure Management: Covering the full lifecycle of software development, rigorous testing, and ongoing maintenance across private, public, and mobile infrastructures. This includes overseeing operations for applications, databases, networks, servers, storage, and broader systems management, alongside proactive monitoring, incident notification, and rapid resolution. Maintenance and Support: Ensuring the sustained performance and reliability of client systems. Operational Enhancement: Delivering solutions that streamline processes through integrated engineering practices and intelligent automation. Optimization Services: Focused on quality assurance, these include advanced software application testing, meticulous test management, automated testing, and consulting to elevate clients' existing QA practices. They also provide specialized testing to uncover potential threats and fortify business systems against information loss and cyber vulnerabilities. Consulting and Advisory: Offering expert guidance across various domains such as business strategy, user experience, technology roadmaps, data analytics, and technical advisory. Design and Innovation: Crafting digital and service design solutions, encompassing strategic planning, creative execution, and program management. Additionally, EPAM drives physical product development, leveraging cutting-edge technologies like artificial intelligence (AI), robotics, and virtual reality (VR). EPAM caters to a diverse global clientele across numerous sectors, including financial services, travel and consumer goods, software and high-tech, business information and media, and the life sciences and healthcare industries. Established in 1993, the company maintains its headquarters in Newtown, Pennsylvania.

Newtown, PA

61,200 employees

www.epam.com

Technology / Information Technology Services

Sector: Technology
Industry: Information Technology Services
CEO: Balazs Fejes

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