EPAM Systems, Inc.
EPAMFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
4,728
Cost of Revenue
3,277
Gross Profit
1,450
Gross Margin
30.7%
Operating Income
545
Operating Margin
11.5%
Net Income
455
Net Margin
9.6%
EPS (Basic)
$7.93
EPS (Diluted)
$7.84
EBITDA
672
EBITDA Margin
14.2%
2023
12/31/2023
Revenue
4,691
Cost of Revenue
3,257
Gross Profit
1,434
Gross Margin
30.6%
Operating Income
501
Operating Margin
10.7%
Net Income
417
Net Margin
8.9%
EPS (Basic)
$7.21
EPS (Diluted)
$7.06
EBITDA
660
EBITDA Margin
14.1%
2022
12/31/2022
Revenue
4,825
Cost of Revenue
3,287
Gross Profit
1,538
Gross Margin
31.9%
Operating Income
573
Operating Margin
11.9%
Net Income
419
Net Margin
8.7%
EPS (Basic)
$7.32
EPS (Diluted)
$7.09
EBITDA
713
EBITDA Margin
14.8%
2021
12/31/2021
Revenue
3,758
Cost of Revenue
2,484
Gross Profit
1,274
Gross Margin
33.9%
Operating Income
542
Operating Margin
14.4%
Net Income
482
Net Margin
12.8%
EPS (Basic)
$8.52
EPS (Diluted)
$8.15
EBITDA
680
EBITDA Margin
18.1%
2020
12/31/2020
Revenue
2,659
Cost of Revenue
1,733
Gross Profit
927
Gross Margin
34.9%
Operating Income
379
Operating Margin
14.3%
Net Income
327
Net Margin
12.3%
EPS (Basic)
$5.87
EPS (Diluted)
$5.60
EBITDA
509
EBITDA Margin
19.1%