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EPAM Systems EPAM Q4 2025 Annual earnings

Reported February 19, 2026 · Before market open

Revenue$1.4BBeat by $16.3M
EPS$3.26Beat by $0.10
Revenue estimate$1.4B
EPS estimate$3.16

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$1.4B
EPS estimate$3.14

Financials

Q4 2025

Income statement

See full
Revenue$1.4B+12.8%
Gross profit$423.2M+11.4%
Operating income$149.3M+9.3%
Net income$109.4M+5.9%
EPS (diluted)$1.97+9.4%

Balance sheet

See full
Cash & equivalents$1.3B+0.9%
Total debt$143.7M-12.0%
Total equity$3.7B+1.3%
Total assets$4.9B+3.2%

Cash flow

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Operating cash flow$282.9M+117%
CapEx$14.8M-6.0%
Free cash flow$268.1M+134%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$11.32B-14.7%
Enterprise value$10.16B-16.3%
P/E30×+0.8×
P/S2.1×-0.7×

Profitability

See full
Gross margin28.8%-1.8pp
Operating margin9.5%-2.0pp
Net margin6.9%-2.7pp
FCF margin11.2%+0.1pp

Returns & leverage

See full
Return on equity10.3%-2.5pp
Debt / equity0×0.0×
Current ratio2.6×-0.4×

Segments

By segment

See full
Europe$605.9M+23.7%

Versus estimates

Revenue

Q1 2026$1.4BBeat by $5.6M
Q4 2025$1.4BBeat by $16.3M
Q3 2025$1.4BBeat by $18.8MQ2 2025$1.4BMiss by $22.0MQ1 2025$1.3BBeat by $19.5MQ4 2024$1.2BMiss by $25.2M

Diluted EPS

Q1 2026$2.86Beat by $0.11
Q4 2025$3.26Beat by $0.10
Q3 2025$3.08Beat by $0.05Q2 2025$2.77Beat by $0.16Q1 2025$2.41Beat by $0.14Q4 2024$2.84Beat by $0.09

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Questions, answered.

When did EPAM Systems report Q4 2025 earnings?
EPAM Systems (EPAM) reported Q4 2025 earnings on February 19, 2026 before market open.
What were EPAM Systems's Q4 2025 revenue and EPS?
EPAM Systems reported revenue of $1.4B and eps of $3.26 for Q4 2025.
Did EPAM Systems beat estimates in Q4 2025?
Revenue beat the consensus estimate of $1.4B by $16.3M. EPS beat the consensus estimate of $3.16 by $0.10.
How did EPAM Systems's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 12.8% from $1.2B a year earlier and eps grew 14.8% from $2.84.
Where can I find EPAM Systems's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001352010-26-000010) and the 10-K periodic report (0001352010-26-000015) directly on SEC EDGAR. The filing index links above go to sec.gov.