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EPAM Systems EPAM Operating Income

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Other financials

Income statement

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Revenue$1.4B+4.5%
Gross profit$429.6M+10.3%
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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Gross margin29.4%-0.6pp
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

Reported directly by EPAM Systems in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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

Filed
Aug 6, 2026, 4:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001352010-26-000046
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Cost of revenues (exclusive of depreciation and amortization)985,199964,0121,997,2511,916,020
Selling, general and administrative expenses245,245231,681484,947450,598
Depreciation and amortization expense32,10131,27463,64062,711
Income from operations152,222126,476268,990225,806
Interest and other income (loss), net(1,821)3,519(239)9,333
Foreign exchange loss(9,850)(6,227)(7,552)(16,954)
Income before provision for income taxes140,551123,768261,199218,185
Provision for income taxes37,57235,74275,69956,677

Item 1. Financial Statements (Unaudited)

FAQ

What is EPAM Systems's operating income?
EPAM Systems (EPAM) reported operating income of $152.22M in Q2 2026.
How has EPAM Systems's operating income changed year-over-year?
EPAM Systems's operating income increased by 20.4% year-over-year, from $126.48M to $152.22M.
What is the long-term trend for EPAM Systems's operating income?
Over 4 years (2021 to 2025), EPAM Systems's operating income has grown at a -1.0% compound annual growth rate (CAGR), from $542.32M to $520M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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