EPAM Systems (EPAM) Operating Expenses (2011 - 2026)
EPAM Systems (EPAM) posted quarterly Operating Expenses of $239.7 million for Q1 2026, up 9.49% year-over-year from $218.9 million in Q1 2025, and down 1.42% quarter-over-quarter from $243.2 million in Q4 2025.
EPAM Systems (EPAM) Operating Expenses (2011 - 2026) Analysis & Trends
EPAM Systems (EPAM) has reported Operating Expenses for 16 consecutive years, with $239.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 9.49% year-over-year to $239.7 million; the TTM figure through Mar 2026 stood at $949.5 million (up 13.47% YoY), while the FY2025 annual figure was $928.7 million, up 13.77% from the prior year.
- Operating Expenses eased to $239.7 million in Q1 2026 per EPAM's latest filing, from $243.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $243.2 million in Q4 2025 and bottomed at $194.1 million in Q2 2024.
- Historically, Operating Expenses has averaged $216.0 million across 5 years, with a median of $214.0 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 73.97% — and 2023, when it slipped 16.41%.
- EPAM Systems' Operating Expenses stood at $205.0 million in 2022, then grew by 4.4% to $214.0 million in 2023, then rose by 1.4% to $217.0 million in 2024, then advanced by 12.07% to $243.2 million in 2025, then decreased by 1.42% to $239.7 million in 2026.
- Business Quant data shows EPAM's Operating Expenses at $239.7 million in Q1 2026, $243.2 million in Q4 2025, and $234.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 223.32 Bn | 211.96 Bn | 9.91 Bn | 7.29 Bn |
| 2 | Accenture | 114.56 Bn | 104.39 Bn | 6.13 Bn | 15.54 Bn |
| 3 | Infosys | 48.90 Bn | 48.90 Bn | 1.60 Bn | 528.00 Mn |
| 4 | Cgi | 33.25 Bn | 32.79 Bn | - | 12.44 Mn |
| 5 | Cognizant Technology Solutions | 29.34 Bn | 28.29 Bn | 1.83 Bn | 812.00 Mn |
| 6 | Fidelity National Information Services | 21.47 Bn | 20.73 Bn | 1.17 Bn | 684.00 Mn |
| 7 | Broadridge Financial Solutions | 21.06 Bn | 20.66 Bn | 853.00 Mn | 1.67 Bn |
| 8 | Wipro | 19.77 Bn | 18.70 Bn | 738.00 Mn | 2.23 Bn |
| 9 | Leidos Holdings | 17.82 Bn | 17.07 Bn | 817.00 Mn | 310.00 Mn |
| 10 | EPAM Systems | 5.83 Bn | 5.04 Bn | 429.57 Mn | 245.25 Mn |
Historic Data
Download 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 |