EPAM Systems, Inc. (EPAM) Financial Statements
Industry: Computer Programming Services (Services)
In fiscal 2025, EPAM Systems reported revenue of $5.46B, up 15.4% from $4.73B the year before. Net income was $377.7M (a 6.9% net margin), or $6.72 per diluted share. Gross margin was 28.8% and operating margin was 9.5%. Operating activities generated $654.9M of cash, leaving $612.7M of free cash flow. At fiscal year end, EPAM Systems held $4.90B in total assets against $1.22B in total liabilities, including $1.30B of cash and equivalents.
Open the full interactive EPAM Systems financials → Quarterly statements, key ratios, valuation history and price charts.
EPAM Systems Key Stats
| Share Price | $115.50 |
|---|---|
| Market Cap | $6.04B |
| P/E Ratio | 17.2 |
| Revenue YoY Growth | +15.4% |
| 52-Week Range | $76.04 – $221.40 |
| Shares Outstanding | 52.2 million (basic, 2026 Q2) |
EPAM Systems Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.66B | $3.76B | $4.82B | $4.69B | $4.73B | $5.46B |
| Gross Profit | $927.0M | $1.27B | $1.54B | $1.43B | $1.45B | $1.57B |
| Operating Income | $379.3M | $542.3M | $573.0M | $501.2M | $544.6M | $520.0M |
| Pre-Tax Income | $378.5M | $533.4M | $507.3M | $536.6M | $584.4M | $505.6M |
| Income Tax | $51.3M | $51.7M | $87.8M | $119.5M | $129.9M | $127.9M |
| Net Income | $327.2M | $481.7M | $419.4M | $417.1M | $454.5M | $377.7M |
| Diluted EPS | $5.60 | $8.15 | $7.09 | $7.06 | $7.84 | $6.72 |
EPAM Systems Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.39B | $1.41B | $1.40B | $1.41B |
| Net Income | $106.8M | $109.4M | $82.5M | $103.0M |
| Diluted EPS | $1.91 | $1.94 | $1.52 | $1.97 |
EPAM Systems Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.32B | $1.45B | $1.68B | $2.04B | $1.29B | $1.30B |
| Current Assets | $1.91B | $2.27B | $2.76B | $3.09B | $2.43B | $2.53B |
| Total Assets | $2.72B | $3.52B | $4.01B | $4.35B | $4.75B | $4.90B |
| Current Liabilities | $465.9M | $763.4M | $747.5M | $644.9M | $821.0M | $976.9M |
| Total Long-Term Debt | $25.0M | $30.2M | $27.7M | $26.1M | $25.2M | $25.0M |
| Total Liabilities | $738.3M | $1.03B | $1.01B | $880.9M | $1.12B | $1.22B |
| Shareholders' Equity | $1.98B | $2.49B | $3.00B | $3.47B | $3.63B | $3.68B |
EPAM Systems Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $544.4M | $572.3M | $464.1M | $562.6M | $559.2M | $654.9M |
| Cash From Investing | -$167.2M | -$368.9M | -$182.9M | -$66.8M | -$885.0M | -$49.0M |
| Cash From Financing | -$765,000 | -$59.6M | -$2.0M | -$165.8M | -$390.4M | -$651.2M |
| Free Cash Flow | $475.6M | $460.8M | $382.5M | $534.2M | $527.0M | $612.7M |
Figures from EPAM Systems' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full EPAM Systems financials page for every line item.
EPAM Systems Company Profile
| Ticker | EPAM |
|---|---|
| Exchange | NYSE |
| Industry | Computer Programming Services (Services) |
| Headquarters | Newtown, Pennsylvania |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001352010 |
Frequently Asked Questions
What was EPAM Systems' revenue in fiscal 2025?
EPAM Systems (EPAM) reported revenue of $5.46B for fiscal 2025.
What is EPAM Systems' annual revenue history?
EPAM Systems' annual revenue by fiscal year: 2020: $2.66B; 2021: $3.76B; 2022: $4.82B; 2023: $4.69B; 2024: $4.73B; 2025: $5.46B.
What was EPAM Systems' net income in fiscal 2025?
EPAM Systems reported net income of $377.7M for fiscal 2025.
What was EPAM Systems' earnings per share (EPS) in fiscal 2025?
EPAM Systems' diluted EPS was $6.72 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did EPAM Systems generate in fiscal 2025?
EPAM Systems generated $612.7M of free cash flow in fiscal 2025.
What was EPAM Systems' revenue last quarter?
In its most recent reported quarter (2026 Q2), EPAM Systems reported revenue of $1.41B.
How much debt does EPAM Systems have?
EPAM Systems reported $25.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of EPAM Systems are outstanding?
EPAM Systems reported a weighted average of 52.2 million basic shares outstanding in 2026 Q2.
What is EPAM Systems' market cap?
Based on its latest closing price, EPAM Systems (EPAM) has a market capitalization of about $6.04B.
When does EPAM Systems' fiscal year end?
EPAM Systems' fiscal year end, as registered with the SEC, is December 31.
Where is EPAM Systems headquartered?
EPAM Systems lists its business address in Newtown, Pennsylvania in its SEC filings.
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