EPAM Systems Income Statement

EPAM / Information Technology|15 years of annual SEC 10-K data (FY2011-FY2025)

Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.

EPAM Systems reported $5.5B in revenue and $378M in net income for FY2025. Revenue has grown at a 22.1% compound annual rate over the past 14 years.

Based on SEC 10-K filings.

Key Data Points

Altman Z-Score 3.32 (safe zone, above 2.9 threshold)
High earnings quality (cash-backed earnings)

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue	$5.5B	$4.7B	$3.8B	$2.7B	$2.3B	$2.7B	$2.3B	$1.8B	$1.5B	$1.2B	$914.1M	$730.0M	$555.1M	$433.8M	$334.5M
Cost of Revenue	$3.9B	$3.3B	$2.5B	$1.7B	$1.5B	$1.7B	$1.5B	$1.2B	$921.4M	$737.2M	$566.9M	$456.5M	$347.6M	$270.4M	$205.3M
SG&A Expense	$928.7M	$816.3M	$648.7M	$484.8M	$457.4M	$484.8M	$457.4M	$373.6M	$327.6M	$265.9M	$222.8M	$163.7M	$116.5M	$85.9M	$64.9M
Operating Income	$520.0M	$544.6M	$542.3M	$379.3M	$302.9M	$379.3M	$302.9M	$245.8M	$172.9M	$133.7M	$106.0M	$86.2M	$76.5M	$66.0M	$55.0M
Income Tax	$127.9M	$129.9M	$51.7M	$51.3M	$38.5M	$51.3M	$38.5M	$9.5M	$101.5M	$27.2M	$21.6M	$17.3M	$14.8M	$11.4M	$8.4M
Net Income	$377.7M	$454.5M	$481.7M	$327.2M	$261.1M	$327.2M	$261.1M	$240.3M	$72.8M	$99.3M	$84.5M	$69.6M	$62.0M	$54.5M	$44.4M
EPS (Basic)	$6.76	$7.32	$8.52	$5.87	$4.77	$4.48	$4.77	$4.48	$1.40	$1.97	$1.35	$1.27	$1.35	-	-
EPS (Diluted)	$6.72	$7.09	$8.15	$5.60	$4.53	$4.24	$4.53	$4.24	$1.32	$1.87	$1.28	$1.17	$1.28	-	-
Shares Outstanding	54.3M	57.8M	57.7M	56.8M	56.1M	55.2M	55.2M	54.1M	53.0M	51.1M	48.3M	46.6M	46.6M	17.2M	20.5K
Operating Margin	9.5%	11.5%	14.4%	14.3%	13.2%	14.3%	13.2%	13.3%	11.9%	11.5%	11.6%	11.8%	13.8%	15.2%	16.4%
Profit Margin	6.9%	9.6%	12.8%	12.3%	11.4%	12.3%	11.4%	13.0%	5.0%	8.6%	9.2%	9.5%	11.2%	12.6%	13.3%

Other Financial Statements

Balance Sheet Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

EPAM Systems Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Revenue

$5.5B

$4.7B

$3.8B

$2.7B

$2.3B

$2.7B

$2.3B

$1.8B

$1.5B

$1.2B

$914.1M

$730.0M

$555.1M

$433.8M

$334.5M

Cost of Revenue

$3.9B

$3.3B

$2.5B

$1.7B

$1.5B

$1.7B

$1.5B

$1.2B

$921.4M

$737.2M

$566.9M

$456.5M

$347.6M

$270.4M

$205.3M

SG&A Expense

$928.7M

$816.3M

$648.7M

$484.8M

$457.4M

$484.8M

$457.4M

$373.6M

$327.6M

$265.9M

$222.8M

$163.7M

$116.5M

$85.9M

$64.9M

Operating Income

$520.0M

$544.6M

$542.3M

$379.3M

$302.9M

$379.3M

$302.9M

$245.8M

$172.9M

$133.7M

$106.0M

$86.2M

$76.5M

$66.0M

$55.0M

Income Tax

$127.9M

$129.9M

$51.7M

$51.3M

$38.5M

$51.3M

$38.5M

$9.5M

$101.5M

$27.2M

$21.6M

$17.3M

$14.8M

$11.4M

$8.4M

Net Income

$377.7M

$454.5M

$481.7M

$327.2M

$261.1M

$327.2M

$261.1M

$240.3M

$72.8M

$99.3M

$84.5M

$69.6M

$62.0M

$54.5M

$44.4M

EPS (Basic)

$6.76

$7.32

$8.52

$5.87

$4.77

$4.48

$4.77

$4.48

$1.40

$1.97

$1.35

$1.27

$1.35

EPS (Diluted)

$6.72

$7.09

$8.15

$5.60

$4.53

$4.24

$4.53

$4.24

$1.32

$1.87

$1.28

$1.17

$1.28

Shares Outstanding

54.3M

57.8M

57.7M

56.8M

56.1M

55.2M

54.1M

53.0M

51.1M

48.3M

46.6M

17.2M

20.5K

Operating Margin

9.5%

11.5%

14.4%

14.3%

13.2%

14.3%

13.2%

13.3%

11.9%

11.5%

11.6%

11.8%

13.8%

15.2%

16.4%

Profit Margin

6.9%

9.6%

12.8%

12.3%

11.4%

12.3%

11.4%

13.0%

5.0%

8.6%

9.2%

9.5%

11.2%

12.6%

13.3%