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EPAM logoEPAM Systems, Inc. (EPAM) Earnings History

Annual and quarterly earnings data from 2009 to 2025

TTM Net Income
$387M
Profitable
TTM EPS
$7.14
Diluted
YoY EPS Growth
-14.3%
Declining
Net Margin
6.9%
Profitability
Operating Margin9.6%
Gross Margin26.5%
ROE10.3%
ROA7.8%
Highest Annual Net Income$482M (2021)
Highest Quarterly EPS$2.63 (Q3 2022)
Consecutive Profitable Years17 years
Q1 2026
Net Income$83M
EPS$1.52
QoQ Growth-24.5%Declining

Loading earnings history...

EPAM EPS Growth (CAGR)

Compound annual growth rate of diluted earnings per share

1-Year
-14.3%
Declining
3-Year
-1.8%
Slow
5-Year
+3.7%
Solid
10-Year
+15.3%
Strong

CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.

EPAM Profitability Analysis

Margin trends over time

View revenue breakdown →
YearGross MarginOperating MarginNet Margin
202526.5%9.6%6.9%
202430.7%11.5%9.6%
202330.6%10.7%8.9%
202231.9%11.9%8.7%
202133.9%14.4%12.8%
Gross Margin = Gross Profit ÷ Revenue
Operating Margin = Operating Income ÷ Revenue
Net Margin = Net Income ÷ Revenue

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EPAM Systems, Inc. (EPAM) Earnings Overview

As of May 8, 2026, EPAM Systems, Inc. (EPAM) reported trailing twelve-month net income of $387M, reflecting -14.3% year-over-year growth. The company earned $7.14 per diluted share over the past four quarters, with a net profit margin of 6.9%.

Looking at the long-term picture, EPAM's 5-year EPS compound annual growth rate (CAGR) stands at +3.7%, reflecting modest earnings expansion. The company achieved its highest annual net income of $482M in fiscal 2021.

EPAM Systems, Inc. maintains positive profitability with a gross margin of 26.5%, operating margin of 9.6%, and net margin of 6.9%. The company continues to generate positive earnings from operations. View revenue history →

Compared to peers including GLOB ($100M net income, 6.9% margin), CTSH ($2.23B net income, 10.6% margin), INFY ($3.21B net income, 16.4% margin), EPAM has outperformed on profitability metrics. Compare EPAM vs GLOB →

EPAM Earnings vs Peers

Earnings metrics vs comparable public companies

CompanyTTM Net IncomeTTM EPSNet MarginROEYoY GrowthCompare
EPAM logoEPAMCurrent
$387M$7.146.9%10.3%-14.3%—
GLOB logoGLOB
$100M$2.196.9%8.7%+2.2%
CTSH logoCTSH
$2.2B$4.6710.6%15.2%+0.9%
INFY logoINFY
$3.2B$0.7816.4%28.9%+0.0%
WIT logoWIT
$135.5B$12.9214.7%16.8%+20.4%
KFRC logoKFRC
$35M$2.012.6%24.9%-25.2%
Best in group
Lowest in group

EPAM Historical Earnings Data (2009–2025)

17 years
Fiscal Year Net Income YoY % Operating Income EPS (Diluted) Net Margin Op. Margin
2025$378M-16.9%$521M$6.726.9%9.6%
2024$455M+9.0%$545M$7.849.6%11.5%
2023$417M-0.6%$501M$7.068.9%10.7%
2022$419M-12.9%$573M$7.098.7%11.9%
2021$482M+47.2%$542M$8.1512.8%14.4%
2020$327M+25.3%$379M$5.6012.3%14.3%
2019$261M+8.7%$303M$4.5311.4%13.2%
2018$240M+230.2%$246M$4.2413.0%13.3%
2017$73M-26.7%$173M$1.325.0%11.9%
2016$99M+17.5%$134M$1.878.6%11.5%

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Is EPAM Undervalued?

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Compare EPAM vs NVDA

Side-by-side business, growth, and profitability comparison vs NVIDIA Corporation.

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EPAM — Frequently Asked Questions

Quick answers to the most common questions about buying EPAM stock.

Is EPAM growing earnings?

EPAM EPS fell to $7.14, with earnings declining -14.3%. This contrasts with the 5-year CAGR of +3.7%. TTM net income dropped to $387M.

What are EPAM's profit margins?

EPAM Systems, Inc. net margin is +6.9%, with operating margin at +9.6%. Margins sit within typical range for the sector.

How consistent are EPAM's earnings?

EPAM earnings data spans 2009-2025. The declining earnings trend is -14.3% YoY. Historical data enables comparison across business cycles.

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EPAM Earnings Over Time (2014–2025)

Net income and EPS trends