stockrowEPAM 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
Follow EPAM
Alert me
EPAM Systems, Inc. (EPAM) Gross margin
EPAM Systems, Inc.'s gross margin over the twelve months to 30 September 2026 was 29.9%, up 1.0 percentage points from fiscal 2025 (28.8%). Over the past ten years it has ranged from 28.8% (fiscal 2025) to 38.0% (fiscal 2015) — the current reading is the lowest in ten years. That is in line with the Information Technology Services industry median of 30.0% and below the Technology sector median of 47.1%.
Gross margin, annual
Embed this chart
Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 28.8% | (1.85) |
| FY2024 | 30.7% | 0.11 |
| FY2023 | 30.6% | (1.31) |
| FY2022 | 31.9% | (2.03) |
| FY2021 | 33.9% | (0.94) |
| FY2020 | 34.9% | (0.27) |
| FY2019 | 35.1% | (0.48) |
| FY2018 | 35.6% | (0.88) |
| FY2017 | 36.5% | 0.02 |
| FY2016 | 36.5% | (1.52) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 31.3% | 0.90 |
| Jun 2026 | 30.4% | 2.65 |
| Mar 2026 | 27.7% | (2.36) |
| Dec 2025 | 30.1% | 0.58 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| IT Gartner, Inc. compare | 70.2% |
| JKHY Jack Henry & Associates, Inc. compare | 43.8% |
| EXLS ExlService Holdings, Inc. compare | 38.4% |
| G Genpact Limited compare | 36.9% |
| CACI CACI International, Inc. compare | 34.0% |
| EPAM EPAM Systems, Inc. | 29.9% |
| SAIC Science Applications International Corporation compare | 12.7% |
| INGM Ingram Micro Holding Corporation compare | 6.57% |
| WSE WISE GROUP PLC compare | — |
| Information Technology Services industry median | 30.0% |
| Technology sector median | 47.1% |
| Market median | 46.0% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on EPAM
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement