EPAM Systems (EPAM) Operating Margin (2011 - 2026)
EPAM Systems (EPAM) posted quarterly Operating Margin of 8.34% for Q1 2026, up 71.0% year-over-year from 4.88% in Q1 2025, and down 21.35% quarter-over-quarter from 10.6% in Q4 2025.
EPAM Systems (EPAM) Operating Margin (2011 - 2026) Analysis & Trends
EPAM Systems (EPAM) has reported Operating Margin for 16 consecutive years, with 8.34% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 71.0% year-over-year to 8.34%; the TTM figure through Mar 2026 stood at 9.67% (down 129.0% YoY), while the FY2025 annual figure was 9.53%, down 199.0% from the prior year.
- Operating Margin eased to 8.34% in Q1 2026 per EPAM's latest filing, from 10.6% in the prior quarter.
- Across five years, Operating Margin topped out at 15.16% in Q3 2024 and bottomed at 7.63% in Q1 2025.
- Historically, Operating Margin has averaged 10.74% across 5 years, with a median of 10.51% in 2024.
- Annual changes were most pronounced in 2022 — Operating Margin slumped 643 bps — and 2024, when it jumped 526 bps.
- EPAM Systems' Operating Margin stood at 13.85% in 2022, then decreased by 24 bps to 10.58% in 2023, then advanced by 3 bps to 10.94% in 2024, then fell by 3 bps to 10.6% in 2025, then slipped by 21 bps to 8.34% in 2026.
- Business Quant data shows EPAM's Operating Margin at 8.34% in Q1 2026, 10.6% in Q4 2025, and 10.39% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 222.25 Bn | 210.89 Bn | 9.91 Bn | 15.24% |
| 2 | Accenture | 114.49 Bn | 104.32 Bn | 6.13 Bn | 16.96% |
| 3 | Infosys | 48.73 Bn | 48.73 Bn | 1.60 Bn | 21.09% |
| 4 | Cgi | 33.20 Bn | 32.74 Bn | - | - |
| 5 | Cognizant Technology Solutions | 29.03 Bn | 27.98 Bn | 1.83 Bn | 15.95% |
| 6 | Fidelity National Information Services | 21.29 Bn | 20.55 Bn | 1.17 Bn | 15.01% |
| 7 | Broadridge Financial Solutions | 20.94 Bn | 20.54 Bn | 853.00 Mn | 24.61% |
| 8 | Wipro | 19.93 Bn | 18.86 Bn | 738.00 Mn | 16.01% |
| 9 | Leidos Holdings | 18.04 Bn | 17.30 Bn | 817.00 Mn | 11.28% |
| 10 | EPAM Systems | 5.77 Bn | 4.98 Bn | 429.57 Mn | 10.76% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.76% |
| Mar 31, 2026 | 8.34% |
| Dec 31, 2025 | 10.60% |
| Sep 30, 2025 | 10.39% |
| Jun 30, 2025 | 9.34% |
| Mar 31, 2025 | 7.63% |
| Dec 31, 2024 | 10.94% |
| Sep 30, 2024 | 15.16% |
| Jun 30, 2024 | 10.51% |
| Mar 31, 2024 | 9.48% |
| Dec 31, 2023 | 10.58% |
| Sep 30, 2023 | 9.90% |
| Jun 30, 2023 | 12.34% |
| Mar 31, 2023 | 9.94% |
| Dec 31, 2022 | 13.85% |
| Sep 30, 2022 | 14.69% |
| Jun 30, 2022 | 7.79% |
| Mar 31, 2022 | 11.03% |
| Dec 31, 2021 | 14.96% |
| Sep 30, 2021 | 14.58% |