NYSE:EPAM
EPAM Systems, Inc.
EPAM Systems, Inc.'s revenue grew 15.4% in fiscal 2025 to $5.5B while operating margin fell to 9.5%, its lowest in 10 years. Free cash flow was $612.7M, 11.2% of revenue, and the diluted share count fell 3.0%.Summary generated from EPAM Systems, Inc.'s SEC filings. Latest annual report filed Feb 26, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$5.5B
Revenue growth+15.4%
Revenue, 5-yr CAGR+15.5%
Gross margin28.8%
Operating margin9.5%
Net margin6.9%
ROIC16.3%
Return on equity10.3%
Debt / equity0.01
Free cash flow$612.7M
FCF margin11.2%
Share count change−3.0%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 3,758 | 4,825 | 4,691 | 4,728 | 5,457 |
| Operating income | 542 | 573 | 501 | 545 | 520 |
| Net income | 482 | 419 | 417 | 455 | 378 |
| Free cash flow | 461 | 382 | 534 | 527 | 613 |
Recent filings
- 4Insider transaction report
Sep 3, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 6, 2026 - 8-KResults of operations and financial condition
Aug 6, 2026 - 8-KDirector or officer change
May 26, 2026 - 4Insider transaction report
May 22, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 7, 2026 - 8-KResults of operations and financial condition
May 7, 2026 - DEF 14AProxy statement
Apr 6, 2026