EPAM Systems, Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 3.76B | 4.82B | 4.69B | 4.73B | 5.46B | 15.4% | |
| Cost of Revenue | (2.48B) | (3.29B) | (3.26B) | (3.28B) | (4.01B) | 22.3% | |
Gross Profit | 1.27B | 1.54B | 1.43B | 1.45B | 1.45B | -0.1% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (648.74M) | (872.78M) | (815.07M) | (816.30M) | (928.71M) | 13.8% | |
| Depreciation & Amortization | (145.15M) | (140.05M) | (132.70M) | (127.10M) | (124.81M) | -1.8% | |
Operating Income (EBIT) | 542.32M | 572.97M | 501.24M | 544.58M | 521.16M | -4.3% | |
| Non-Operating Items | |||||||
| Interest Income | — | 10.03M | 51.12M | 46.88M | 15.01M | -68.0% | |
| Interest Expense | (1.73M) | — | — | — | — | — | |
| Other Income/Expenses (Net) | -8.92M | -65.71M | 35.35M | 39.83M | -15.54M | -139.0% | |
Income Before Tax | 533.39M | 507.26M | 536.59M | 584.41M | 505.62M | -13.5% | |
| Income Tax Expense | (51.74M) | (87.84M) | (119.50M) | (129.88M) | (127.95M) | -1.5% | |
Net Income | 481.65M | 419.42M | 417.08M | 454.53M | 377.68M | -16.9% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $9 | $7 | $7 | $8 | $7 | -14.8% | |
| Weighted Avg Shares Outstanding | 56.51M | 57.29M | 57.83M | 57.29M | 55.89M | -2.4% | |
| Weighted Avg Shares Outstanding (Diluted) | 59.06M | 59.17M | 59.09M | 57.98M | 56.23M | -3.0% | |
EBITDA | 680.27M | 647.31M | 659.86M | 711.52M | 630.43M | -11.4% |
Explore EPAM
EPAM in the Technology
Mid Cap