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 operating margin
Operating margin is operating income as a percentage of revenue.
EPAM Systems's operating margin for the twelve months ending Sep 30, 2026 was 10.5%. For fiscal 2025 it was 9.5%, against 11.5% the year before. The highest annual figure on record is 16.4% in fiscal 2011.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 9.5% | −2.0 |
| FY2024 | Dec 31, 2024 | 11.5% | +0.8 |
| FY2023 | Dec 31, 2023 | 10.7% | −1.2 |
| FY2022 | Dec 31, 2022 | 11.9% | −2.6 |
| FY2021 | Dec 31, 2021 | 14.4% | +0.2 |
| FY2020 | Dec 31, 2020 | 14.3% | +1.1 |
| FY2019 | Dec 31, 2019 | 13.2% | −0.1 |
| FY2018 | Dec 31, 2018 | 13.3% | +1.4 |
| FY2017 | Dec 31, 2017 | 11.9% | +0.4 |
| FY2016 | Dec 31, 2016 | 11.5% | −0.1 |
| FY2015 | Dec 31, 2015 | 11.6% | −0.2 |
| FY2014 | Dec 31, 2014 | 11.8% | −2.0 |
| FY2013 | Dec 31, 2013 | 13.8% | −1.4 |
| FY2012 | Dec 31, 2012 | 15.2% | −1.2 |
| FY2011 | Dec 31, 2011 | 16.4% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 12.3% | +1.9 |
| Q2 FY2026 | Jun 30, 2026 | 10.8% | +1.4 |
| Q1 FY2026 | Mar 31, 2026 | 8.3% | +0.7 |
| Q4 FY2025 | Dec 31, 2025 | 10.6% | −0.3 |
| Q3 FY2025 | Sep 30, 2025 | 10.4% | −4.8 |
| Q2 FY2025 | Jun 30, 2025 | 9.3% | −1.2 |
| Q1 FY2025 | Mar 31, 2025 | 7.6% | −1.9 |
| Q4 FY2024 | Dec 31, 2024 | 10.9% | +0.4 |
| Q3 FY2024 | Sep 30, 2024 | 15.2% | +5.3 |
| Q2 FY2024 | Jun 30, 2024 | 10.5% | −1.8 |
| Q1 FY2024 | Mar 31, 2024 | 9.5% | −0.5 |
| Q4 FY2023 | Dec 31, 2023 | 10.6% | −3.3 |
| Q3 FY2023 | Sep 30, 2023 | 9.9% | −4.8 |
| Q2 FY2023 | Jun 30, 2023 | 12.3% | +4.6 |
| Q1 FY2023 | Mar 31, 2023 | 9.9% | −1.1 |
| Q4 FY2022 | Dec 31, 2022 | 13.8% | −1.1 |
| Q3 FY2022 | Sep 30, 2022 | 14.7% | +0.1 |
| Q2 FY2022 | Jun 30, 2022 | 7.8% | −6.4 |
| Q1 FY2022 | Mar 31, 2022 | 11.0% | −2.7 |
| Q4 FY2021 | Dec 31, 2021 | 15.0% | −0.5 |
| Q3 FY2021 | Sep 30, 2021 | 14.6% | −0.2 |
| Q2 FY2021 | Jun 30, 2021 | 14.2% | +1.0 |
| Q1 FY2021 | Mar 31, 2021 | 13.7% | +0.3 |
| Q4 FY2020 | Dec 31, 2020 | 15.5% | +2.1 |
| Q3 FY2020 | Sep 30, 2020 | 14.8% | +1.1 |
| Q2 FY2020 | Jun 30, 2020 | 13.2% | −0.0 |
| Q1 FY2020 | Mar 31, 2020 | 13.4% | +1.0 |
| Q4 FY2019 | Dec 31, 2019 | 13.4% | −2.1 |
| Q3 FY2019 | Sep 30, 2019 | 13.7% | −0.1 |
| Q2 FY2019 | Jun 30, 2019 | 13.2% | +1.0 |
| Q1 FY2019 | Mar 31, 2019 | 12.4% | +0.9 |
| Q4 FY2018 | Dec 31, 2018 | 15.5% | +2.5 |
| Q3 FY2018 | Sep 30, 2018 | 13.8% | +0.7 |
| Q2 FY2018 | Jun 30, 2018 | 12.2% | +0.5 |
| Q1 FY2018 | Mar 31, 2018 | 11.5% | +1.9 |
| Q4 FY2017 | Dec 31, 2017 | 13.0% | +1.1 |
| Q3 FY2017 | Sep 30, 2017 | 13.0% | – |
| Q2 FY2017 | Jun 30, 2017 | 11.7% | – |
| Q1 FY2017 | Mar 31, 2017 | 9.5% | – |
| Q4 FY2016 | Dec 31, 2016 | 11.9% | – |
See a number that looks wrong?