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Friday 6 November 2026 Export EPAM’s income statement to Excel — free account

EPAM Systems, Inc.

EPAM Technology Information Technology Services

EPAM Systems, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.5 billion, up 15.4% from fiscal 2024.

Revenue
+2.30%
EPS
+32.0%
Free cash flow
−4.27%
Total debt
−0.14%

Quarter to September 2026, against a year earlier

159.06 6.64 −4.01%
Market cap
$8.6B
P/E
19.8×
Fwd P/E
16.8×
Dividend yield
—
F-score
6/9
Altman Z
8.10
Beneish M
−2.69
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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EPAM Systems, Inc. (EPAM) Debt to equity

Alert me on Debt to equity

EPAM Systems, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.0×, up 0.0× from fiscal 2025 (0.0×). Over the past ten years it has ranged from 0.0× (fiscal 2025) to 0.1× (fiscal 2015) — the current reading is the lowest in ten years. That is below the Information Technology Services industry median of 0.3× and below the Technology sector median of 0.0×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.0× (1.45%)
FY2024 0.0× (8.00%)
FY2023 0.0× (18.48%)
FY2022 0.0× (23.97%)
FY2021 0.0× (3.97%)
FY2020 0.0× (19.75%)
FY2019 0.0× (20.71%)
FY2018 0.0× (22.96%)
FY2017 0.0× (19.94%)
FY2016 0.0× (43.78%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.0× (1.41%)
Jun 2026 0.0× (85.24%)
Mar 2026 0.0× 607.35%
Dec 2025 0.0× 1.49%
43 more quarters

Against its own ten years

Low 0.0× High 0.1×
Ten-year median 0.0×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
IT Gartner, Inc. compare −86.0×
EPAM EPAM Systems, Inc. 0.0×
JKHY Jack Henry & Associates, Inc. compare 0.0×
WSE WISE GROUP PLC compare 0.2×
G Genpact Limited compare 0.4×
EXLS ExlService Holdings, Inc. compare 0.6×
INGM Ingram Micro Holding Corporation compare 0.9×
CACI CACI International, Inc. compare 1.0×
SAIC Science Applications International Corporation compare 1.7×
Information Technology Services industry median 0.3×
Technology sector median 0.0×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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