EPAM SystemsEPAMEarnings & Financial Report
EPAM Systems, Inc. is an American company that specializes in software engineering services, digital platform engineering, and digital product design, operating out of Newtown, Pennsylvania. EPAM is a founding member of the MACH Alliance.
Revenue
$1.4B
Gross Profit
$411.2M
Operating Profit
$144.9M
Net Profit
$106.8M
Gross Margin
29.5%
Operating Margin
10.4%
Net Margin
7.7%
YoY Growth
19.4%
EPS
$1.91
EPAM Systems Q3 FY2025 Financial Summary
EPAM Systems reported revenue of $1.4B (up 19.4% YoY) for Q3 FY2025, with a net profit of $106.8M (down 21.7% YoY) (7.7% margin). Cost of goods sold was $983.2M, operating expenses totaled $266.3M.
Key Financial Metrics
| Total Revenue | $1.4B |
|---|---|
| Net Profit | $106.8M |
| Gross Margin | 29.5% |
| Operating Margin | 10.4% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
EPAM Systems Q3 FY2025 revenue of $1.4B breaks down across 8 segments, led by Transferred Over Time at $795.8M (57.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Transferred Over Time | $795.8M | 57.1% |
| Financial Services Sector | $150.6M | 10.8% |
| Software And Hi Tech Sector | $143.2M | 10.3% |
| Emerging Vertical Sector | $141.6M | 10.2% |
| Healthcare Sector | $124.9M | 9.0% |
| Other | $28.4M | 2.0% |
| Licensing And Other Revenues | $5.7M | 0.4% |
| Transferred At Point In Time | $4.1M | 0.3% |
EPAM Systems Revenue by Segment — Quarterly Trend
EPAM Systems revenue by segment across the last 4 reported quarters, showing how each business line (such as Transferred Over Time and Financial Services Sector) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Transferred Over Time | — | — | $795.8M | $782.7M |
| Financial Services Sector | — | — | $150.6M | $148.6M |
| Software And Hi Tech Sector | — | — | $143.2M | $144.3M |
| Emerging Vertical Sector | — | — | $141.6M | $132.0M |
| Healthcare Sector | — | — | $124.9M | $124.9M |
EPAM Systems Annual Revenue by Year
EPAM Systems annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $5.5B |
| 2024 | $4.7B |
| 2023 | $4.7B |
| 2022 | $4.8B |
EPAM Systems Quarterly Revenue & Net Profit History
EPAM Systems results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $1.4B | +7.6% | $82.5M | 5.9% |
| Q4 FY2025 | $1.4B | +12.8% | $109.4M | 7.8% |
| Q3 FY2025 | $1.4B | +19.4% | $106.8M | 7.7% |
| Q2 FY2025 | $1.4B | +18.0% | $88.0M | 6.5% |
| Q1 FY2025 | $1.3B | +11.7% | $73.5M | 5.6% |
| Q4 FY2024 | $1.2B | +7.9% | $103.3M | 8.3% |
| Q3 FY2024 | $1.2B | +1.3% | $136.3M | 11.7% |
| Q2 FY2024 | $1.1B | -2.0% | $98.6M | 8.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.15B | $1.17B | $1.25B | $1.30B | $1.35B | $1.39B | $1.41B | $1.40B |
| YoY Growth | -2.0% | 1.3% | 7.9% | 11.7% | 18.0% | 19.4% | 12.8% | 7.6% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.22B | $4.46B | $4.75B | $4.72B | $4.71B | $4.84B | $4.90B | $4.70B |
| Liabilities | $825.4M | $902.6M | $1.12B | $1.08B | $1.04B | $1.12B | $1.22B | $1.27B |
| Equity | $3.40B | $3.55B | $3.63B | $3.64B | $3.67B | $3.73B | $3.68B | $3.43B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $57.0M | $242.0M | $130.3M | $24.2M | $53.2M | $294.7M | $282.9M |