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
DateValue
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