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
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EPAM Systems, Inc. (EPAM) Operating margin
EPAM Systems, Inc.'s operating margin over the twelve months to 30 September 2026 was 10.5%, up 1.0 percentage points from fiscal 2025 (9.53%). Over the past ten years it has ranged from 9.53% (fiscal 2025) to 14.4% (fiscal 2021) — the current reading is the lowest in ten years. That is above the Information Technology Services industry median of 1.81% and above the Technology sector median of 0.36%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 9.53% | (1.99) |
| FY2024 | 11.5% | 0.83 |
| FY2023 | 10.7% | (1.19) |
| FY2022 | 11.9% | (2.55) |
| FY2021 | 14.4% | 0.17 |
| FY2020 | 14.3% | 1.06 |
| FY2019 | 13.2% | (0.14) |
| FY2018 | 13.3% | 1.42 |
| FY2017 | 11.9% | 0.40 |
| FY2016 | 11.5% | (0.07) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 12.3% | 1.57 |
| Jun 2026 | 10.8% | 2.42 |
| Mar 2026 | 8.34% | (2.26) |
| Dec 2025 | 10.6% | 0.21 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| JKHY Jack Henry & Associates, Inc. compare | 25.3% |
| IT Gartner, Inc. compare | 20.3% |
| G Genpact Limited compare | 14.9% |
| EXLS ExlService Holdings, Inc. compare | 14.8% |
| EPAM EPAM Systems, Inc. | 10.5% |
| CACI CACI International, Inc. compare | 9.79% |
| SAIC Science Applications International Corporation compare | 8.00% |
| INGM Ingram Micro Holding Corporation compare | 1.81% |
| WSE WISE GROUP PLC compare | — |
| Information Technology Services industry median | 1.81% |
| Technology sector median | 0.36% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on EPAM
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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