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EPAM Systems EPAM Operating margin

Operating margin at other companies

Cognizant logo
CognizantCTSH
15.8%+0.6pp
Accenture logo
AccentureACN
14.5%-0.9pp
Insight Enterprises logo
Insight EnterprisesNSIT
4.2%+0.1pp
Pegasystems logo
PegasystemsPEGA
10.2%-6.3pp
Open Text logo
Open TextOTEX
18.1%+0.8pp
Adobe logo
AdobeADBE
36.1%-0.3pp

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
Net margin7%-1.5pp
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.

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 operating margin?
EPAM Systems (EPAM) reported operating margin of 9.7% in Q1 2026.
How has EPAM Systems's operating margin changed year-over-year?
EPAM Systems's operating margin decreased by 11.8% year-over-year, from 11% to 9.7%.
What is the long-term trend for EPAM Systems's operating margin?
Over 5 years (2020 to 2025), EPAM Systems's operating margin has grown at a -7.7% compound annual growth rate (CAGR), from 14.3% to 9.5%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.