EPAM Systems, Inc. (EPAM) stock
EPAMNYSEServices-Computer Programming ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 17/3027% below fair value
$163.15−0.68 (-0.42%)
Close on Nov 13, 2026Market cap $8.42BP/E 20.4Yield –
EPAM Systems gross margin
Gross margin is gross profit as a percentage of revenue.
EPAM Systems's gross margin for the twelve months ending Sep 30, 2026 was 29.9%. For fiscal 2025 it was 28.8%, against 30.7% the year before. The highest annual figure on record is 38.6% in fiscal 2011.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 28.8% | −1.8 |
| FY2024 | Dec 31, 2024 | 30.7% | +0.1 |
| FY2023 | Dec 31, 2023 | 30.6% | −1.3 |
| FY2022 | Dec 31, 2022 | 31.9% | −2.0 |
| FY2021 | Dec 31, 2021 | 33.9% | −0.9 |
| FY2020 | Dec 31, 2020 | 34.9% | −0.3 |
| FY2019 | Dec 31, 2019 | 35.1% | −0.5 |
| FY2018 | Dec 31, 2018 | 35.6% | −0.9 |
| FY2017 | Dec 31, 2017 | 36.5% | +0.0 |
| FY2016 | Dec 31, 2016 | 36.5% | −1.5 |
| FY2015 | Dec 31, 2015 | 38.0% | +0.5 |
| FY2014 | Dec 31, 2014 | 37.5% | +0.1 |
| FY2013 | Dec 31, 2013 | 37.4% | −0.3 |
| FY2012 | Dec 31, 2012 | 37.7% | −0.9 |
| FY2011 | Dec 31, 2011 | 38.6% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 31.3% | +1.8 |
| Q2 FY2026 | Jun 30, 2026 | 30.4% | +1.6 |
| Q1 FY2026 | Mar 31, 2026 | 27.7% | +0.8 |
| Q4 FY2025 | Dec 31, 2025 | 30.1% | −0.4 |
| Q3 FY2025 | Sep 30, 2025 | 29.5% | −5.1 |
| Q2 FY2025 | Jun 30, 2025 | 28.8% | −0.5 |
| Q1 FY2025 | Mar 31, 2025 | 26.9% | −1.5 |
| Q4 FY2024 | Dec 31, 2024 | 30.4% | −0.6 |
| Q3 FY2024 | Sep 30, 2024 | 34.6% | +3.5 |
| Q2 FY2024 | Jun 30, 2024 | 29.3% | −1.6 |
| Q1 FY2024 | Mar 31, 2024 | 28.4% | −0.9 |
| Q4 FY2023 | Dec 31, 2023 | 31.1% | −1.3 |
| Q3 FY2023 | Sep 30, 2023 | 31.1% | −1.6 |
| Q2 FY2023 | Jun 30, 2023 | 30.9% | +1.7 |
| Q1 FY2023 | Mar 31, 2023 | 29.3% | −4.0 |
| Q4 FY2022 | Dec 31, 2022 | 32.4% | −2.0 |
| Q3 FY2022 | Sep 30, 2022 | 32.6% | −1.3 |
| Q2 FY2022 | Jun 30, 2022 | 29.2% | −4.6 |
| Q1 FY2022 | Mar 31, 2022 | 33.4% | −0.1 |
| Q4 FY2021 | Dec 31, 2021 | 34.3% | −1.3 |
| Q3 FY2021 | Sep 30, 2021 | 33.9% | −1.2 |
| Q2 FY2021 | Jun 30, 2021 | 33.8% | +0.1 |
| Q1 FY2021 | Mar 31, 2021 | 33.5% | −1.5 |
| Q4 FY2020 | Dec 31, 2020 | 35.6% | +0.4 |
| Q3 FY2020 | Sep 30, 2020 | 35.1% | −0.7 |
| Q2 FY2020 | Jun 30, 2020 | 33.7% | −1.8 |
| Q1 FY2020 | Mar 31, 2020 | 34.9% | +1.1 |
| Q4 FY2019 | Dec 31, 2019 | 35.2% | −1.6 |
| Q3 FY2019 | Sep 30, 2019 | 35.8% | +0.1 |
| Q2 FY2019 | Jun 30, 2019 | 35.5% | +0.4 |
| Q1 FY2019 | Mar 31, 2019 | 33.9% | −0.7 |
| Q4 FY2018 | Dec 31, 2018 | 36.8% | +0.5 |
| Q3 FY2018 | Sep 30, 2018 | 35.7% | −0.9 |
| Q2 FY2018 | Jun 30, 2018 | 35.1% | −1.8 |
| Q1 FY2018 | Mar 31, 2018 | 34.5% | −1.5 |
| Q4 FY2017 | Dec 31, 2017 | 36.4% | −0.4 |
| Q3 FY2017 | Sep 30, 2017 | 36.6% | – |
| Q2 FY2017 | Jun 30, 2017 | 36.9% | – |
| Q1 FY2017 | Mar 31, 2017 | 36.0% | – |
| Q4 FY2016 | Dec 31, 2016 | 36.8% | – |
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