EPAM SYSTEMS, INC. (EPAM) Financials
Key financial figures for EPAM SYSTEMS, INC. (Q2 2026).
EPAM posted Q2 2026 revenue of $1.415B (+4.5% YoY, +3.4% organic constant currency), GAAP diluted EPS of $1.97 and non-GAAP diluted EPS of $3.38, while cutting full-year revenue growth guidance and raising full-year operating margin guidance. Revenue reached $1.415 billion, up 4.5% year-over-year (3.4% on an organic constant currency basis). GAAP income from operations margin expanded to 10.8% of revenue from 9.3% a year ago; non-GAAP operating margin rose to 16.4% from 15.0%. GAAP diluted EPS was $1.97 (+26.3% YoY) and non-GAAP diluted EPS was $3.38 (+22.0% YoY). By customer location: Americas $806M (+0.5% YoY), EMEA $582M (+10.9% YoY), APAC $27M (-0.3% YoY) - EMEA was the standout growth region. On the outlook: EPAM cut full-year 2026 revenue growth guidance to a range of 3.2% to 4.2% YoY (from 4.0% to 6.5% previously) and organic constant currency growth to 2.0% to 3.0% (from 2.5% to 5.0% previously). GAAP diluted EPS guidance was lowered to $8.22-$8.38 (from $8.29-$8.59); non-GAAP diluted EPS guidance was roughly maintained at $13.08-$13.24 (from $12.98-$13.28). Operating margin guidance improved: GAAP income from operations raised to 10.5%-11.0% of revenue (from 10%-11%) and non-GAAP income from operations raised to 15.5%-16.0% of revenue (from 15%-16%). For Q3 2026, EPAM expects revenue of $1.410B to $1.425B (1.7% YoY growth at the midpoint, 1.8% organic constant currency at the midpoint). Figures are for Q2 2026, as EPAM Systems reported them.
- Revenue
- $1.4B
- Net Income
- $103M
- EPS
- $1.97
- Total Assets
- $4.6B
- Operating Cash Flow
- -$2M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $1.4B | $103M | $1.97 | 10.76% | -$18M |
| Q1 FY2026 | $1.4B | $83M | $1.52 | 8.47% | -$54M |
| Q4 FY2025 | $1.4B | $109M | $1.98 | 10.6% | $268M |
| Q3 FY2025 | $1.4B | $107M | $1.91 | 11.19% | $286M |
| Q2 FY2025 | $1.4B | $88M | $1.56 | 9.34% | $43M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $5.5B | $378M | $6.72 | 9.55% | $613M |
| FY2024 | $4.7B | $455M | $7.84 | 11.52% | $527M |
| FY2023 | $4.7B | $417M | $7.06 | 10.69% | $534M |
Frequently asked questions
What was EPAM Systems's revenue last quarter?
EPAM Systems reported revenue of $1.41 billion for Q2 FY2026, up 4.5% from the same period a year earlier.
Is EPAM Systems profitable?
Yes. EPAM Systems reported net income of $103.0 million for Q2 FY2026, a net margin of 7.28% on revenue.
How has EPAM Systems's margin trended?
Operating margin was 10.76% in Q2 FY2026, compared with 9.34% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did EPAM Systems generate?
EPAM Systems generated free cash flow of -$17.6 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for EPAM SYSTEMS, INC. on SentiSense, with up to forty quarters and twenty fiscal years of history.