# EPAM Systems, Inc.: financial statements, quarterly

EPAM · NYSE · CIK 1352010 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/epam.md) · [Financials](/companies/epam/financials.md) · [Filings](/companies/epam/filings.md) · [Insiders](/companies/epam/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/epam/financials.md?period=annual).

## Income statement

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,152](/filings/0001352010-24-000044.md) | [1,157 d](/filings/0001352010-26-000015.md) | [1,165](/filings/0001352010-25-000015.md) | [1,147](/filings/0001352010-25-000029.md) | [1,168](/filings/0001352010-25-000056.md) | [1,248 d](/filings/0001352010-26-000015.md) | [1,302](/filings/0001352010-26-000029.md) | [1,353](/filings/0001352010-26-000046.md) | [1,394](/filings/0001352010-25-000056.md) | [1,408 d](/filings/0001352010-26-000015.md) | [1,400](/filings/0001352010-26-000029.md) | [1,415](/filings/0001352010-26-000046.md) |
| Cost of revenue | $m | [794](/filings/0001352010-24-000044.md) | [798 d](/filings/0001352010-26-000015.md) | [834](/filings/0001352010-25-000015.md) | [811](/filings/0001352010-25-000029.md) | [764](/filings/0001352010-25-000056.md) | [868 d](/filings/0001352010-26-000015.md) | [952](/filings/0001352010-26-000029.md) | [964](/filings/0001352010-26-000046.md) | [983](/filings/0001352010-25-000056.md) | [984 d](/filings/0001352010-26-000015.md) | [1,012](/filings/0001352010-26-000029.md) | [985](/filings/0001352010-26-000046.md) |
| Selling, general and administrative | $m | [195](/filings/0001352010-24-000044.md) | [214 d](/filings/0001352010-26-000015.md) | [198](/filings/0001352010-25-000015.md) | [194](/filings/0001352010-25-000029.md) | [207](/filings/0001352010-25-000056.md) | [217 d](/filings/0001352010-26-000015.md) | [219](/filings/0001352010-26-000029.md) | [232](/filings/0001352010-26-000046.md) | [235](/filings/0001352010-25-000056.md) | [243 d](/filings/0001352010-26-000015.md) | [240](/filings/0001352010-26-000029.md) | [245](/filings/0001352010-26-000046.md) |
| Operating income | $m | [114](/filings/0001352010-24-000044.md) | [122 d](/filings/0001352010-26-000015.md) | [111](/filings/0001352010-25-000015.md) | [121](/filings/0001352010-25-000029.md) | [177](/filings/0001352010-25-000056.md) | [137 d](/filings/0001352010-26-000015.md) | [99.3](/filings/0001352010-26-000029.md) | [126](/filings/0001352010-26-000046.md) | [145](/filings/0001352010-25-000056.md) | [149 d](/filings/0001352010-26-000015.md) | [117](/filings/0001352010-26-000029.md) | [152](/filings/0001352010-26-000046.md) |
| Income tax | $m | [34.6](/filings/0001352010-24-000044.md) | [29.8 d](/filings/0001352010-26-000015.md) | [7.4](/filings/0001352010-25-000015.md) | [35.2](/filings/0001352010-25-000029.md) | [53.3](/filings/0001352010-25-000056.md) | [34.0 d](/filings/0001352010-26-000015.md) | [20.9](/filings/0001352010-26-000029.md) | [35.7](/filings/0001352010-26-000046.md) | [36.8](/filings/0001352010-25-000056.md) | [34.5 d](/filings/0001352010-26-000015.md) | [38.1](/filings/0001352010-26-000029.md) | [37.6](/filings/0001352010-26-000046.md) |
| Net income | $m | [97.2](/filings/0001352010-24-000044.md) | [97.6 d](/filings/0001352010-26-000015.md) | [116](/filings/0001352010-25-000056.md) | [98.6](/filings/0001352010-25-000056.md) | [136](/filings/0001352010-25-000056.md) | [103 d](/filings/0001352010-26-000015.md) | [73.5](/filings/0001352010-26-000046.md) | [88.0](/filings/0001352010-26-000046.md) | [107](/filings/0001352010-25-000056.md) | [109 d](/filings/0001352010-26-000015.md) | [82.5](/filings/0001352010-26-000046.md) | [103](/filings/0001352010-26-000046.md) |
| Diluted EPS | $ per share | [1.65](/filings/0001352010-24-000044.md) | not reported | [1.97](/filings/0001352010-25-000015.md) | [1.70](/filings/0001352010-25-000029.md) | [2.37](/filings/0001352010-25-000056.md) | not reported | [1.28](/filings/0001352010-26-000029.md) | [1.56](/filings/0001352010-26-000046.md) | [1.91](/filings/0001352010-25-000056.md) | not reported | [1.52](/filings/0001352010-26-000029.md) | [1.97](/filings/0001352010-26-000046.md) |
| Basic EPS | $ per share | [1.68](/filings/0001352010-24-000044.md) | not reported | [2.01](/filings/0001352010-25-000015.md) | [1.71](/filings/0001352010-25-000029.md) | [2.40](/filings/0001352010-25-000056.md) | not reported | [1.29](/filings/0001352010-26-000029.md) | [1.56](/filings/0001352010-26-000046.md) | [1.92](/filings/0001352010-25-000056.md) | not reported | [1.53](/filings/0001352010-26-000029.md) | [1.97](/filings/0001352010-26-000046.md) |

- Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
- Cost of revenue: us-gaap:CostOfRevenue
- Selling, general and administrative: us-gaap:SellingGeneralAndAdministrativeExpense
- Operating income: us-gaap:OperatingIncomeLoss
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | Q3 FY2023 (2023-09-30) | FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $m | [1,873](/filings/0001352010-23-000051.md) | [2,036](/filings/0001352010-26-000015.md) | [1,984](/filings/0001352010-24-000018.md) | [1,787](/filings/0001352010-24-000027.md) | [2,036](/filings/0001352010-24-000044.md) | [1,286](/filings/0001352010-26-000015.md) | [1,174](/filings/0001352010-25-000015.md) | [1,041](/filings/0001352010-25-000029.md) | [1,239](/filings/0001352010-25-000056.md) | [1,296](/filings/0001352010-26-000046.md) | [1,037](/filings/0001352010-26-000029.md) | [789](/filings/0001352010-26-000046.md) |
| Current assets | $m | [2,925](/filings/0001352010-23-000051.md) | [3,091](/filings/0001352010-25-000007.md) | [3,083](/filings/0001352010-24-000018.md) | [2,916](/filings/0001352010-24-000027.md) | [3,107](/filings/0001352010-24-000044.md) | [2,426](/filings/0001352010-26-000015.md) | [2,416](/filings/0001352010-25-000015.md) | [2,370](/filings/0001352010-25-000029.md) | [2,524](/filings/0001352010-25-000056.md) | [2,534](/filings/0001352010-26-000046.md) | [2,357](/filings/0001352010-26-000029.md) | [2,216](/filings/0001352010-26-000046.md) |
| Total assets | $m | [4,162](/filings/0001352010-23-000051.md) | [4,352](/filings/0001352010-25-000007.md) | [4,375](/filings/0001352010-24-000018.md) | [4,223](/filings/0001352010-24-000027.md) | [4,457](/filings/0001352010-24-000044.md) | [4,750](/filings/0001352010-26-000015.md) | [4,724](/filings/0001352010-25-000015.md) | [4,711](/filings/0001352010-25-000029.md) | [4,843](/filings/0001352010-25-000056.md) | [4,902](/filings/0001352010-26-000046.md) | [4,703](/filings/0001352010-26-000029.md) | [4,574](/filings/0001352010-26-000046.md) |
| Current liabilities | $m | [614](/filings/0001352010-23-000051.md) | [645](/filings/0001352010-25-000007.md) | [659](/filings/0001352010-24-000018.md) | [602](/filings/0001352010-24-000027.md) | [681](/filings/0001352010-24-000044.md) | [821](/filings/0001352010-26-000015.md) | [789](/filings/0001352010-25-000015.md) | [747](/filings/0001352010-25-000029.md) | [835](/filings/0001352010-25-000056.md) | [977](/filings/0001352010-26-000046.md) | [884](/filings/0001352010-26-000029.md) | [804](/filings/0001352010-26-000046.md) |
| Total liabilities | $m | [862](/filings/0001352010-23-000051.md) | [881](/filings/0001352010-25-000007.md) | [899](/filings/0001352010-24-000018.md) | [825](/filings/0001352010-24-000027.md) | [903](/filings/0001352010-24-000044.md) | [1,119](/filings/0001352010-26-000015.md) | [1,080](/filings/0001352010-25-000015.md) | [1,042](/filings/0001352010-25-000029.md) | [1,116](/filings/0001352010-25-000056.md) | [1,224](/filings/0001352010-26-000046.md) | [1,272](/filings/0001352010-26-000029.md) | [1,055](/filings/0001352010-26-000046.md) |
| Long-term debt | $m | [27.5](/filings/0001352010-23-000051.md) | [26.1](/filings/0001352010-25-000007.md) | [25.8](/filings/0001352010-24-000018.md) | [25.5](/filings/0001352010-24-000027.md) | [25.3](/filings/0001352010-24-000044.md) | [25.2](/filings/0001352010-26-000015.md) | [25.1](/filings/0001352010-25-000015.md) | [25.0](/filings/0001352010-25-000029.md) | [25.0](/filings/0001352010-25-000056.md) | [25.0](/filings/0001352010-26-000046.md) | [165](/filings/0001352010-26-000029.md) | [25.0](/filings/0001352010-26-000046.md) |
| Short-term borrowings | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Shareholders' equity | $m | [3,299](/filings/0001352010-23-000051.md) | [3,471](/filings/0001352010-25-000007.md) | [3,475](/filings/0001352010-24-000018.md) | [3,397](/filings/0001352010-24-000027.md) | [3,554](/filings/0001352010-24-000044.md) | [3,629](/filings/0001352010-26-000015.md) | [3,643](/filings/0001352010-25-000015.md) | [3,668](/filings/0001352010-25-000029.md) | [3,726](/filings/0001352010-25-000056.md) | [3,677](/filings/0001352010-26-000046.md) | [3,431](/filings/0001352010-26-000029.md) | [3,519](/filings/0001352010-26-000046.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Total liabilities: us-gaap:Liabilities
- Long-term debt: us-gaap:LongTermDebtNoncurrent
- Short-term borrowings: not reported
- Shareholders' equity: us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [215 d](/filings/0001352010-24-000044.md) | [171 d](/filings/0001352010-26-000015.md) | [130](/filings/0001352010-25-000015.md) | [57.0 d](/filings/0001352010-25-000029.md) | [242 d](/filings/0001352010-25-000056.md) | [130 d](/filings/0001352010-26-000015.md) | [24.2](/filings/0001352010-26-000029.md) | [53.2 d](/filings/0001352010-26-000046.md) | [295 d](/filings/0001352010-25-000056.md) | [283 d](/filings/0001352010-26-000015.md) | [(36.4)](/filings/0001352010-26-000029.md) | [(2.4) d](/filings/0001352010-26-000046.md) |
| Capital expenditure | $m | [3.6 d](/filings/0001352010-24-000044.md) | [10.0 d](/filings/0001352010-26-000015.md) | [6.7](/filings/0001352010-25-000015.md) | [4.7 d](/filings/0001352010-25-000029.md) | [5.0 d](/filings/0001352010-25-000056.md) | [15.7 d](/filings/0001352010-26-000015.md) | [9.3](/filings/0001352010-26-000029.md) | [9.8 d](/filings/0001352010-26-000046.md) | [8.3 d](/filings/0001352010-25-000056.md) | [14.8 d](/filings/0001352010-26-000015.md) | [17.9](/filings/0001352010-26-000029.md) | [15.2 d](/filings/0001352010-26-000046.md) |
| Share repurchases | $m | [78.5 d](/filings/0001352010-24-000044.md) | [36.5 d](/filings/0001352010-26-000015.md) | [121](/filings/0001352010-25-000015.md) | [214 d](/filings/0001352010-25-000029.md) | [50.0 d](/filings/0001352010-25-000056.md) | [13.0 d](/filings/0001352010-26-000015.md) | [160](/filings/0001352010-26-000029.md) | [197](/filings/0001352010-26-000046.md) | [82.1 d](/filings/0001352010-25-000056.md) | [224 d](/filings/0001352010-26-000015.md) | [324](/filings/0001352010-26-000029.md) | [85.0](/filings/0001352010-26-000046.md) |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
- Share repurchases: us-gaap:PaymentsForRepurchaseOfCommonStock

## Shares

| Line item | Unit | Q3 FY2022 (2022-09-30) | Q1 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [59.4](/filings/0001352010-23-000051.md) | [59.3](/filings/0001352010-24-000018.md) | [59.2](/filings/0001352010-24-000027.md) | [58.9](/filings/0001352010-24-000044.md) | [58.9](/filings/0001352010-25-000015.md) | [58.1](/filings/0001352010-25-000029.md) | [57.4](/filings/0001352010-25-000056.md) | [57.3](/filings/0001352010-26-000029.md) | [56.5](/filings/0001352010-26-000046.md) | [55.8](/filings/0001352010-25-000056.md) | [54.2](/filings/0001352010-26-000029.md) | [52.3](/filings/0001352010-26-000046.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 51,586,981 at 2026-07-31, from the cover of the [10-Q filed 2026-08-06](/filings/0001352010-26-000046.md) (dei:EntityCommonStockSharesOutstanding).

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:37 ET. No prices; not investment advice.