EPAM
EPAM Systems Inc
NYSE: EPAM · TECHNOLOGY · INFORMATION TECHNOLOGY SERVICES
$99.23
-4.81% today
Updated 2026-05-08
Market cap
$5.50B
P/E ratio
14.98
P/S ratio
1.01x
EPS (TTM)
$6.96
Dividend yield
—
52W range
$100 – $223
Volume
1.4M
EPAM Systems Inc (EPAM) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $149.94M | $221.82M | $334.53M | $433.80M | $555.12M | $730.03M | $914.13M | $1.16B | $1.45B | $1.84B | $2.29B | $2.66B | $3.76B | $4.82B | $4.69B | $4.73B | $5.46B |
| Revenue growth (YoY) | — | +47.9% | +50.8% | +29.7% | +28.0% | +31.5% | +25.2% | +26.9% | +25.0% | +27.1% | +24.5% | +15.9% | +41.3% | +28.4% | -2.8% | +0.8% | +15.4% |
| Cost of revenue | $88.03M | $132.53M | $205.34M | $270.36M | $347.65M | $456.53M | $566.91M | $737.19M | $921.35M | $1.19B | $1.49B | $1.73B | $2.48B | $3.29B | $3.26B | $3.28B | $4.01B |
| Gross profit | $61.91M | $89.30M | $129.19M | $163.44M | $207.47M | $273.50M | $347.21M | $422.95M | $529.10M | $655.99M | $805.60M | $926.96M | $1.27B | $1.54B | $1.43B | $1.45B | $1.45B |
| Gross margin | 41.3% | 40.3% | 38.6% | 37.7% | 37.4% | 37.5% | 38.0% | 36.5% | 36.5% | 35.6% | 35.1% | 34.9% | 33.9% | 31.9% | 30.6% | 30.7% | 26.5% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $39.25M | $47.63M | $64.93M | $85.87M | $116.50M | $163.67M | $222.76M | $264.66M | $324.86M | $373.59M | $457.43M | $484.76M | $648.74M | $872.78M | $806.04M | $816.30M | $928.71M |
| Operating income | $15.98M | $32.79M | $55.01M | $66.01M | $76.49M | $86.18M | $105.97M | $133.70M | $172.95M | $245.76M | $302.85M | $379.32M | $542.32M | $572.97M | $501.24M | $544.58M | $521.16M |
| Operating margin | 10.7% | 14.8% | 16.4% | 15.2% | 13.8% | 11.8% | 11.6% | 11.5% | 11.9% | 13.3% | 13.2% | 14.3% | 14.4% | 11.9% | 10.7% | 11.5% | 9.6% |
| EBITDA | $20.21M | $39.03M | $64.24M | $76.89M | $91.61M | $105.91M | $123.36M | $157.08M | $201.51M | $282.40M | $404.03M | $508.57M | $680.27M | $713.01M | $659.86M | $671.69M | $630.43M |
| EBITDA margin | 13.5% | 17.6% | 19.2% | 17.7% | 16.5% | 14.5% | 13.5% | 13.5% | 13.9% | 15.3% | 17.6% | 19.1% | 18.1% | 14.8% | 14.1% | 14.2% | 11.6% |
| EBIT | $14.59M | $32.79M | $56.70M | $66.01M | $76.49M | $88.42M | $105.97M | $133.70M | $172.95M | $245.76M | $302.85M | $379.32M | $535.12M | $572.97M | $527.16M | $544.58M | $505.62M |
| Interest expense | $185000.00 | $76000.00 | $37000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $15.37M | $5.51M | $1.73M | $10.03M | $2.82M | — | — |
| Income tax | $879000.00 | $2.79M | $8.44M | $11.38M | $14.78M | $17.31M | $21.61M | $27.20M | $101.55M | $9.52M | $38.47M | $51.32M | $51.74M | $87.84M | $119.50M | $129.88M | — |
| Effective tax rate | 6.1% | 9.0% | 16.0% | 17.3% | 19.2% | 19.9% | 20.4% | 21.5% | 58.3% | 3.8% | 12.8% | 13.6% | 9.7% | 17.3% | 22.3% | 22.2% | 0.0% |
| Net income | $13.53M | $28.31M | $44.35M | $54.48M | $61.99M | $69.64M | $84.46M | $99.27M | $72.76M | $240.26M | $261.06M | $327.16M | $481.65M | $419.42M | $417.08M | $454.53M | $377.68M |
| Net income growth (YoY) | — | +109.3% | +56.7% | +22.8% | +13.8% | +12.3% | +21.3% | +17.5% | -26.7% | +230.2% | +8.7% | +25.3% | +47.2% | -12.9% | -0.6% | +9.0% | -16.9% |
| Profit margin | 9.0% | 12.8% | 13.3% | 12.6% | 11.2% | 9.5% | 9.2% | 8.6% | 5.0% | 13.0% | 11.4% | 12.3% | 12.8% | 8.7% | 8.9% | 9.6% | 6.9% |