EPAM Systems (EPAM) Free Cash Flow (2011 - 2026)
EPAM Systems' (EPAM) quarterly Free Cash Flow came in at -$54.2 million in Q1 2026, down 465.52% year-on-year from $14.8 million in Q1 2025, and down 117.75% on a QoQ basis from $305.5 million in Q4 2025.
EPAM Systems (EPAM) Free Cash Flow (2011 - 2026) Analysis & Trends
EPAM Systems (EPAM) has 16 years of Free Cash Flow data on file, last reported at -$54.2 million in Q1 2026.
- On a quarterly basis, Free Cash Flow fell 465.52% year-over-year to -$54.2 million in Q1 2026; TTM through Mar 2026 was $581.0 million, a 38.78% increase from a year earlier, with the FY2025 full-year figure at $650.1 million, up 23.35% from the prior year.
- Free Cash Flow for Q1 2026 stood at -$54.2 million, down from $305.5 million in the prior quarter.
- Over the last five years, Free Cash Flow for EPAM reached as high as $305.5 million in Q4 2025 and fell as low as -$75.1 million in Q1 2022.
- Historically, Free Cash Flow has averaged $120.0 million across 5 years, with a median of $114.5 million in 2024.
- Across the five-year window, Free Cash Flow plunged 4677.82% in 2022 and surged 205.72% in 2023, its largest moves.
- Year by year, Free Cash Flow stood at $164.6 million in 2022, then fell by 1.94% to $161.4 million in 2023, then fell by 29.03% to $114.5 million in 2024, then soared by 166.75% to $305.5 million in 2025, then tumbled by 117.75% to -$54.2 million in 2026.
- Per Business Quant data, the three most recent Free Cash Flow figures were -$54.2 million in Q1 2026, $305.5 million in Q4 2025, and $286.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | 2.37 Bn |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | 3.60 Bn |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | 175.81 Mn |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | - |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | 23.08 Mn |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | 663.00 Mn |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | 198.00 Mn |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | 35.69 Mn |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | 293.00 Mn |
| 10 | EPAM Systems | 4.63 Bn | 3.60 Bn | 388.01 Mn | -54.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -54.22 Mn |
| Mar 31, 2026 | -54.22 Mn |
| Dec 31, 2025 | 305.51 Mn |
| Dec 31, 2025 | 305.51 Mn |
| Sep 30, 2025 | 286.38 Mn |
| Sep 30, 2025 | 286.38 Mn |
| Jun 30, 2025 | 43.37 Mn |
| Jun 30, 2025 | 43.37 Mn |
| Mar 31, 2025 | 14.83 Mn |
| Mar 31, 2025 | 14.83 Mn |
| Dec 31, 2024 | 114.53 Mn |
| Dec 31, 2024 | 114.53 Mn |
| Sep 30, 2024 | 237.00 Mn |
| Sep 30, 2024 | 237.00 Mn |
| Jun 30, 2024 | 52.32 Mn |
| Jun 30, 2024 | 52.32 Mn |
| Mar 31, 2024 | 123.17 Mn |
| Mar 31, 2024 | 123.17 Mn |
| Dec 31, 2023 | 161.37 Mn |
| Dec 31, 2023 | 161.37 Mn |