EPAM Systems (EPAM) Operating Expenses (2011 - 2026)
EPAM Systems' (EPAM) quarterly Operating Expenses came in at $245.2 million in Q2 2026, up 5.85% year-over-year from $231.7 million in Q2 2025, and up 2.31% quarter-over-quarter from $239.7 million in Q1 2026.
Analysis
EPAM Systems (EPAM) Operating Expenses (2011 - 2026) Analysis & Trends
EPAM Systems (EPAM) has reported Operating Expenses for 16 consecutive years, with $245.2 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 5.85% year-over-year to $245.2 million in Q2 2026; TTM through Jun 2026 was $963.1 million, a 10.14% increase from a year earlier, with the FY2025 full-year figure at $981.8 million, up 12.12% from the prior year.
- Operating Expenses was $245.2 million for Q2 2026 at EPAM Systems, up from $239.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at $245.2 million in Q2 2026 and troughed at $194.1 million in Q2 2024.
- A 5-year average of $217.7 million and a median of $215.5 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 73.97% in 2022 and decreased 16.41% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $205.0 million in 2022, then advanced by 4.4% to $214.0 million in 2023, then grew by 1.4% to $217.0 million in 2024, then rose by 12.07% to $243.2 million in 2025, then grew by 0.86% to $245.2 million in 2026.
- The last three Operating Expenses figures came in at $245.2 million (Q2 2026), $239.7 million (Q1 2026), and $243.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.69 Bn | 44.69 Bn | 1.60 Bn | 528.00 Mn |
| 2 | Cognizant Technology Solutions | 27.17 Bn | 26.12 Bn | 1.83 Bn | 812.00 Mn |
| 3 | Cgi | 15.41 Bn | 14.83 Bn | - | 12.44 Mn |
| 4 | EPAM Systems | 5.94 Bn | 5.15 Bn | 429.57 Mn | 245.25 Mn |
| 5 | Science Applications International | 5.45 Bn | 5.32 Bn | 239.00 Mn | 87.00 Mn |
| 6 | ExlService Holdings | 5.31 Bn | 5.03 Bn | 225.96 Mn | 138.67 Mn |
| 7 | Kyndryl Holdings | 2.78 Bn | 669.66 Mn | 776.00 Mn | 630.00 Mn |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 86.63 Mn |
| 9 | Innodata | 1.79 Bn | 1.54 Bn | 42.46 Mn | 74.59 Mn |
| 10 | DXC Technology | 1.78 Bn | -217.50 Mn | 611.00 Mn | 2.76 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 245.25 Mn |
| Mar 31, 2026 | 239.70 Mn |
| Dec 31, 2025 | 243.16 Mn |
| Sep 30, 2025 | 234.95 Mn |
| Jun 30, 2025 | 231.68 Mn |
| Mar 31, 2025 | 218.92 Mn |
| Dec 31, 2024 | 216.97 Mn |
| Sep 30, 2024 | 206.82 Mn |
| Jun 30, 2024 | 194.06 Mn |
| Mar 31, 2024 | 198.45 Mn |
| Dec 31, 2023 | 213.97 Mn |
| Sep 30, 2023 | 194.83 Mn |
| Jun 30, 2023 | 194.38 Mn |
| Mar 31, 2023 | 211.89 Mn |
| Dec 31, 2022 | 204.95 Mn |
| Sep 30, 2022 | 198.02 Mn |
| Jun 30, 2022 | 232.53 Mn |
| Mar 31, 2022 | 237.28 Mn |
| Dec 31, 2021 | 190.94 Mn |
| Sep 30, 2021 | 169.50 Mn |