EPAM Systems revenue and financials
$108.96Change from previous close: −0.32%Absolute change: −$0.36
In the fiscal year ended December 2025, EPAM Systems reported revenue of $5.46B (+15.42% year over year). Net income was $377.68M, a net margin of 6.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +15.42%
- 2025 vs 2024
- Net income growth
- −16.91%
- 2025 vs 2024
- Net margin
- 6.9%
- 2024: 9.6%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -2.4 | -36.4 | 283 | 295 | 53.2 | 24.2 | 130 | 242 | 57.0 | 130 | 171 | 215 |
| Depreciation and amortization | 42.4 | 42.0 | 40.9 | 41.7 | 41.9 | 41.4 | 35.0 | 29.0 | 30.5 | 31.6 | 32.1 | 33.3 |
| Capital expenditure | -15.2 | -17.9 | -14.8 | -8.3 | -9.8 | -9.3 | -15.7 | -5.0 | -4.7 | -6.7 | -10.0 | -3.6 |
| Investing cash flow | -16.5 | -15.6 | -16.2 | -9.3 | -18.2 | -5.3 | -846 | 34.7 | -22.8 | -51.0 | -20.7 | -10.6 |
| Financing cash flow | -233 | -192 | -212 | -85.7 | -204 | -150 | 1.3 | -53.5 | -226 | -112 | -22.4 | -80.6 |
| Share repurchases | -105 | -327 | -226 | -83.2 | -219 | -161 | -15.7 | -51.8 | -242 | -123 | -37.4 | -81.0 |
| Debt issued | 40.0 | 140 | 5.7 | — | 0.0 | 0.0 | 0.0 | — | — | — | 0.1 | 0.6 |
| Debt repaid | -180 | -0.2 | -6.4 | -0.8 | -0.4 | -0.7 | -0.4 | -0.4 | -0.5 | -0.6 | -0.4 | -0.6 |
| Effect of exchange rates | 3.8 | -14.6 | 3.2 | -2.7 | 37.1 | 18.8 | -36.0 | 25.9 | -6.9 | -19.6 | 35.0 | -22.7 |
| Net change in cash | -248 | -259 | 57.9 | 197 | -132 | -112 | -750 | 249 | -199 | -52.7 | 163 | 101 |
| Free cash flow | -17.6 | -54.2 | 268 | 286 | 43.4 | 14.8 | 115 | 237 | 52.3 | 123 | 161 | 211 |
| Levered free cash flow | -18.3 | -17.6 | 368 | 303 | 22.6 | 14.8 | 211 | 276 | 52.6 | 116 | 193 | 220 |