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EPAM Systems EPAM Gross margin

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22.1%+1.5pp
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85%+0.6pp

Other financials

Income statement

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Revenue$1.4B+4.5%
Gross profit$429.6M+10.3%
Operating income$152.2M+20.4%
Net income$103.0M+17.0%
EPS (diluted)$1.97+26.3%

Balance sheet

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Cash & equivalents$794.3M-24.1%
Total debt$152.2M-6.4%
Total equity$3.5B-4.1%
Total assets$4.6B-2.9%

Cash flow

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Operating cash flow-$2.4M-105%
CapEx$15.2M+54.8%
Free cash flow-$17.6M-141%

Valuation

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Market cap$4.86B-43.3%
Enterprise value$4.22B-45.1%
P/E12.1×-9.3×
P/S0.9×-0.8×

Profitability

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Operating margin10%-0.6pp
Net margin7.2%-0.8pp
FCF margin8.6%+0.5pp

Returns & leverage

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Return on equity11.2%-0.2pp
Debt / equity0.0×
Current ratio2.8×-0.4×

Where this comes from

Calculated from EPAM Systems’s reported figures.

Based on trailing twelve months.

The source filing: EPAM Systems’s 10-Q, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 4:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001352010-26-000046

FAQ

What is EPAM Systems's gross margin?
EPAM Systems (EPAM) reported gross margin of 29.4% in Q2 2026.
How has EPAM Systems's gross margin changed year-over-year?
EPAM Systems's gross margin decreased by 2.1% year-over-year, from 30% to 29.4%.
What is the long-term trend for EPAM Systems's gross margin?
Over 5 years (2020 to 2025), EPAM Systems's gross margin has grown at a -3.7% compound annual growth rate (CAGR), from 34.9% to 28.8%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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