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EPAM Systems Inc (EPAM) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · INFORMATION TECHNOLOGY SERVICES · DATA UPDATED 2026-08-21

EPAM Systems Inc (EPAM) operates in the INFORMATION TECHNOLOGY SERVICES industry and is headquartered in Newtown, United States with about 62,850 employees. Its market capitalization is roughly $6 billion. In the fiscal year ended 2025-12-31, EPAM reported $5.5B in revenue and $378M in net income.

EPAM Systems, Inc. provides digital platform engineering and software development services worldwide.

Interactive charts & full statements → Open the EPAM valuation workbench →

EPAM Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31
Total Revenue	$5.6B	$5.5B	$4.7B	$4.7B	$4.8B	$3.8B	$2.7B	$2.3B	$1.8B	$1.4B	$1.2B	$914M	$730M	$555M	$434M	$335M	$222M	$150M
Gross Profit	$1.6B	$1.4B	$1.4B	$1.4B	$1.5B	$1.3B	$927M	$806M	$656M	$529M	$423M	$347M	$273M	$207M	$163M	$129M	$89M	$62M
Gross Margin %	28.3%	26.6%	30.7%	30.6%	31.9%	33.9%	34.8%	35.1%	35.6%	36.5%	36.5%	38.0%	37.5%	37.4%	37.7%	38.6%	40.3%	41.3%
Operating Income (EBIT)	$576M	$521M	$545M	$501M	$573M	$542M	$379M	$303M	$246M	$173M	$134M	$106M	$86M	$76M	$66M	$55M	$33M	$16M
Operating Margin %	10.3%	9.6%	11.5%	10.7%	11.9%	14.4%	14.3%	13.2%	13.3%	11.9%	11.5%	11.6%	11.8%	13.8%	15.2%	16.4%	14.8%	10.7%
Net Income	$402M	$378M	$455M	$417M	$419M	$482M	$327M	$261M	$240M	$73M	$99M	$84M	$70M	$62M	$54M	$44M	$28M	$14M
Net Margin %	7.1%	6.9%	9.6%	8.9%	8.7%	12.8%	12.3%	11.4%	13.0%	5.0%	8.6%	9.2%	9.5%	11.2%	12.6%	13.3%	12.8%	9.0%
EBITDA	$685M	$630M	$712M	$660M	$647M	$680M	$509M	$404M	$282M	$202M	$157M	$123M	$106M	$92M	$77M	$64M	$39M	$20M
Earnings Per Share (EPS)	$7.38	$6.72	$7.84	$7.06	$7.09	$8.15	$5.60	$4.53	$4.24	$1.32	$1.87	$1.62	$1.40	$1.28	$1.24	$2.35	$1.38	$0.73
Shares Outstanding (M)	52M	56M	58M	59M	59M	59M	58M	58M	57M	55M	53M	52M	50M	48M	44M	19M	20M	18M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

EPAM Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$1.4B	$1.4B	$1.4B	$1.4B	$1.4B	$1.3B	$1.2B	$1.2B
Gross Profit	$430M	$358M	$423M	$380M	$389M	$350M	$380M	$404M
Gross Margin %	30.4%	25.6%	30.1%	27.2%	28.8%	26.9%	30.4%	34.6%
Operating Income (EBIT)	$152M	$119M	$149M	$156M	$126M	$99M	$137M	$177M
Operating Margin %	10.8%	8.5%	10.6%	11.2%	9.3%	7.6%	10.9%	15.2%
Net Income	$103M	$83M	$109M	$107M	$88M	$73M	$103M	$136M
Net Margin %	7.3%	5.9%	7.8%	7.7%	6.5%	5.7%	8.3%	11.7%
EBITDA	$173M	$163M	$175M	$175M	$166M	$136M	$173M	$219M
Earnings Per Share (EPS)	$1.97	$1.52	$1.98	$1.91	$1.55	$1.28	$1.80	$2.37
Shares Outstanding (M)	52M	54M	55M	56M	57M	57M	57M	57M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

EPAM Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31
Cash from Operations (CFO)	$539M	$655M	$559M	$563M	$464M	$572M	$544M	$287M	$292M	$195M	$165M	$76M	$105M	$58M	$48M	$55M	$20M	$26M
Capital Expenditures (CapEx)	$56M	$42M	$32M	$28M	$82M	$112M	$69M	$99M	$38M	$30M	$29M	$18M	$16M	$16M	$27M	$17M	$8M	$1M
Free Cash Flow (FCF)	$483M	$613M	$527M	$534M	$382M	$461M	$476M	$188M	$255M	$166M	$136M	$58M	$89M	$42M	$21M	$37M	$12M	$25M
FCF Margin %	8.6%	11.2%	11.2%	11.4%	7.9%	12.3%	17.9%	8.2%	13.8%	11.4%	11.7%	6.4%	12.2%	7.6%	4.9%	11.2%	5.5%	16.7%
Dividends Paid	—	—	—	$3M	—	$15M	$6M	$22M	—	$0M	$0M	$0M	$0M	$0M	$0M	—	—	—

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

EPAM Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	($2M)	($36M)	$283M	$295M	$53M	$24M	$130M	$242M
Capital Expenditures (CapEx)	$15M	$18M	$15M	$8M	$10M	$9M	$16M	$5M
Free Cash Flow (FCF)	($18M)	($54M)	$268M	$286M	$43M	$15M	$115M	$237M
FCF Margin %	-1.2%	-3.9%	19.1%	20.5%	3.2%	1.1%	9.2%	20.3%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

EPAM Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31
Total Assets	$4.6B	$4.9B	$4.8B	$4.4B	$4.0B	$3.5B	$2.7B	$2.2B	$1.6B	$1.2B	$926M	$779M	$594M	$433M	$351M	$236M	$171M	$135M
Cash & Cash Equivalents	$789M	$1.3B	$1.3B	$2.0B	$1.7B	$1.4B	$1.3B	$937M	$771M	$583M	$362M	$199M	$221M	$169M	$118M	$89M	$54M	$53M
Total Liabilities	$1.1B	$1.2B	$1.1B	$881M	$1.0B	$1.0B	$738M	$648M	$349M	$275M	$144M	$165M	$130M	$57M	$65M	$141M	$105M	$119M
Total Debt (Short + Long-Term)	$64M	$62M	$65M	$63M	$71M	$96M	$86M	$83M	$93M	$178M	$132M	$153M	$82M	$45M	$45M	$9M	$8M	$7M
Total Shareholders' Equity	$3.5B	$3.7B	$3.6B	$3.5B	$3.0B	$2.5B	$2.0B	$1.6B	$1.3B	$975M	$781M	$613M	$464M	$376M	$286M	$95M	$66M	$17M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive EPAM viewer.

Other Companies in INFORMATION TECHNOLOGY SERVICES

APLD · Applied Digital Corporation — $8 billion
CIFR · Cipher Mining Inc — $8 billion
GDS · GDS Holdings Ltd — $7 billion
INGM · Ingram Micro Holding Corporation — $6 billion
G · Genpact Limited — $6 billion
SAIC · Science Applications International Corporation Common Stock — $6 billion
EXLS · ExlService Holdings Inc — $5 billion
PSN · Parsons Corp — $5 billion

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