EPAM Systems annual operating margin
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EPAM Systems Operating Margin Growth & History (EPAM)
EPAM Systems's operating margin was 9.53% for fiscal 2025.
View full EPAM Systems company overviewEPAM Systems annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 9.53% | −1.99 pp |
| 2024 | 2024-12-31 | 11.52% | +0.83 pp |
| 2023 | 2023-12-31 | 10.69% | −1.19 pp |
| 2022 | 2022-12-31 | 11.88% | −2.55 pp |
| 2021 | 2021-12-31 | 14.43% | +0.17 pp |
| 2020 | 2020-12-31 | 14.26% | +1.06 pp |
| 2019 | 2019-12-31 | 13.20% | −0.13 pp |
| 2018 | 2018-12-31 | 13.34% | +1.41 pp |
| 2017 | 2017-12-31 | 11.92% | +0.40 pp |
| 2016 | 2016-12-31 | 11.52% | −0.07 pp |
| 2015 | 2015-12-31 | 11.59% | −0.21 pp |
| 2014 | 2014-12-31 | 11.81% | −1.97 pp |
| 2013 | 2013-12-31 | 13.78% | −1.44 pp |
| 2012 | 2012-12-31 | 15.22% | −1.23 pp |
| 2011 | 2011-12-31 | 16.44% | +1.66 pp |
| 2010 | 2010-12-31 | 14.78% | — |
EPAM Systems quarterly operating margin
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 10.76% | +1.41 pp |
| Q1 2026 | 2026-03-31 | 8.34% | +0.71 pp |
| Q4 2025 | 2025-12-31 | 10.60% | −0.33 pp |
| Q3 2025 | 2025-09-30 | 10.39% | −4.76 pp |
| Q2 2025 | 2025-06-30 | 9.34% | −1.17 pp |
| Q1 2025 | 2025-03-31 | 7.63% | −1.85 pp |
| Q4 2024 | 2024-12-31 | 10.94% | +0.35 pp |
| Q3 2024 | 2024-09-30 | 15.16% | +5.26 pp |
| Q2 2024 | 2024-06-30 | 10.51% | −1.82 pp |
| Q1 2024 | 2024-03-31 | 9.48% | −0.46 pp |
| Q4 2023 | 2023-12-31 | 10.58% | −3.26 pp |
| Q3 2023 | 2023-09-30 | 9.90% | −4.79 pp |
| Q2 2023 | 2023-06-30 | 12.34% | +4.55 pp |
| Q1 2023 | 2023-03-31 | 9.94% | −1.09 pp |
| Q4 2022 | 2022-12-31 | 13.85% | −1.11 pp |
| Q3 2022 | 2022-09-30 | 14.69% | +0.11 pp |
| Q2 2022 | 2022-06-30 | 7.79% | −6.43 pp |
| Q1 2022 | 2022-03-31 | 11.03% | −2.71 pp |
| Q4 2021 | 2021-12-31 | 14.96% | −0.52 pp |
| Q3 2021 | 2021-09-30 | 14.58% | −0.20 pp |
| Q2 2021 | 2021-06-30 | 14.21% | +1.02 pp |
| Q1 2021 | 2021-03-31 | 13.74% | +0.30 pp |
| Q4 2020 | 2020-12-31 | 15.48% | +2.09 pp |
| Q3 2020 | 2020-09-30 | 14.78% | +1.08 pp |
| Q2 2020 | 2020-06-30 | 13.19% | −0.02 pp |
| Q1 2020 | 2020-03-31 | 13.43% | +1.03 pp |
| Q4 2019 | 2019-12-31 | 13.39% | −2.11 pp |
| Q3 2019 | 2019-09-30 | 13.70% | −0.09 pp |
| Q2 2019 | 2019-06-30 | 13.21% | +1.04 pp |
| Q1 2019 | 2019-03-31 | 12.40% | +0.92 pp |
| Q4 2018 | 2018-12-31 | 15.50% | +2.47 pp |
| Q3 2018 | 2018-09-30 | 13.79% | +0.74 pp |
| Q2 2018 | 2018-06-30 | 12.17% | +0.51 pp |
| Q1 2018 | 2018-03-31 | 11.48% | +1.94 pp |
| Q4 2017 | 2017-12-31 | 13.04% | +1.11 pp |
| Q3 2017 | 2017-09-30 | 13.05% | +1.68 pp |
| Q2 2017 | 2017-06-30 | 11.66% | +0.36 pp |
| Q1 2017 | 2017-03-31 | 9.54% | −1.93 pp |
| Q4 2016 | 2016-12-31 | 11.92% | −0.28 pp |
| Q3 2016 | 2016-09-30 | 11.37% | −0.40 pp |
| Q2 2016 | 2016-06-30 | 11.30% | +0.46 pp |
| Q1 2016 | 2016-03-31 | 11.47% | +0.06 pp |
| Q4 2015 | 2015-12-31 | 12.21% | +0.33 pp |
| Q3 2015 | 2015-09-30 | 11.77% | +0.44 pp |
| Q2 2015 | 2015-06-30 | 10.84% | +0.26 pp |
| Q1 2015 | 2015-03-31 | 11.41% | −2.22 pp |
| Q4 2014 | 2014-12-31 | 11.88% | −2.84 pp |
| Q3 2014 | 2014-09-30 | 11.33% | −3.11 pp |
| Q2 2014 | 2014-06-30 | 10.58% | −2.59 pp |
| Q1 2014 | 2014-03-31 | 13.63% | +1.12 pp |
| Q4 2013 | 2013-12-31 | 14.72% | −0.14 pp |
| Q3 2013 | 2013-09-30 | 14.43% | −0.77 pp |
| Q2 2013 | 2013-06-30 | 13.17% | −3.05 pp |
| Q1 2013 | 2013-03-31 | 12.51% | −2.10 pp |
| Q4 2012 | 2012-12-31 | 14.86% | −1.36 pp |
| Q3 2012 | 2012-09-30 | 15.20% | −4.34 pp |
| Q2 2012 | 2012-06-30 | 16.21% | +2.65 pp |
| Q1 2012 | 2012-03-31 | 14.60% | −1.62 pp |
| Q4 2011 | 2011-12-31 | 16.22% | — |
| Q3 2011 | 2011-09-30 | 19.54% | — |
| Q2 2011 | 2011-06-30 | 13.57% | — |
| Q1 2011 | 2011-03-31 | 16.22% | — |
EPAM Systems operating margin trends
Over the last five reported fiscal years, EPAM Systems's operating margin decreased from 14.26% to 9.53%, a change of −4.73 percentage points. The latest reported quarter, Q2 2026, shows 10.76%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review EPAM Systems filings at SEC.gov ↗