What is EPAM Systems's net margin?

EPAM Systems (EPAM) reported net margin of 7% in Q1 2026.

How has EPAM Systems's net margin changed year-over-year?

EPAM Systems's net margin decreased by 17.8% year-over-year, from 8.5% to 7%.

What is the long-term trend for EPAM Systems's net margin?

Over 5 years (2020 to 2025), EPAM Systems's net margin has grown at a -10.9% compound annual growth rate (CAGR), from 12.3% to 6.9%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

EPAM Systems EPAM Net margin

Net margin at other companies

CognizantCTSH

10.4%-1.3pp

AccentureACN

10.7%-1.0pp

Insight EnterprisesNSIT

2.2%-0.1pp

PegasystemsPEGA

20%+8.1pp

Open TextOTEX

9.9%-2.6pp

AdobeADBE

28.7%-1.7pp

Other financials

Income statement

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Revenue$1.4B+7.6%

Gross profit$388.0M+11.0%

Operating income$116.8M+17.6%

Net income$82.5M+12.3%

EPS (diluted)$1.52+18.8%

Balance sheet

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Cash & equivalents$1.0B-11.5%

Total debt$287.9M+82.1%

Total equity$3.4B-5.8%

Total assets$4.7B-0.4%

Cash flow

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Operating cash flow-$36.4M-250%

CapEx$17.9M+91.4%

Free cash flow-$54.2M-466%

Valuation

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Market cap$4B-23.7%

Enterprise value$3.25B-23.4%

P/E10.4×-2.4×

P/S0.7×-0.4×

Profitability

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Gross margin29%-1.2pp

Operating margin9.7%-1.3pp

FCF margin9.8%+1.2pp

Returns & leverage

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Return on equity10.9%-0.6pp

Debt / equity0.1×0.0×

Current ratio2.7×-0.4×

Where this comes from

Calculated from EPAM Systems’s reported figures.

net income/total revenue=7%

Based on trailing twelve months.

The official record: EPAM Systems’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is EPAM Systems's net margin?: EPAM Systems (EPAM) reported net margin of 7% in Q1 2026.
How has EPAM Systems's net margin changed year-over-year?: EPAM Systems's net margin decreased by 17.8% year-over-year, from 8.5% to 7%.
What is the long-term trend for EPAM Systems's net margin?: Over 5 years (2020 to 2025), EPAM Systems's net margin has grown at a -10.9% compound annual growth rate (CAGR), from 12.3% to 6.9%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.