EPAM Systems (EPAM) Operating Margin (2011 - 2026)
EPAM Systems' (EPAM) quarterly Operating Margin came in at 10.76% in Q2 2026, up 141.0% year-over-year from 4.46% in Q2 2025, and up 29.01% quarter-over-quarter from 8.34% in Q1 2026.
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EPAM Systems (EPAM) Operating Margin (2011 - 2026) Analysis & Trends
EPAM Systems (EPAM) has reported Operating Margin for 16 consecutive years, with 10.76% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin rose 141.0% year-over-year to 10.76% in Q2 2026; TTM through Jun 2026 was 10.03%, a 61.0% decrease from a year earlier, with the FY2025 full-year figure at 9.53%, down 199.0% from the prior year.
- Operating Margin was 10.76% for Q2 2026 at EPAM Systems, up from 8.34% in the prior quarter.
- Over five years, Operating Margin peaked at 15.16% in Q3 2024 and troughed at 7.63% in Q1 2025.
- A 5-year average of 10.74% and a median of 10.55% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin tumbled 643 bps in 2022 and soared 526 bps in 2024, its largest moves.
- Over 5 years, Operating Margin stood at 13.85% in 2022, then fell by 24 bps to 10.58% in 2023, then rose by 3 bps to 10.94% in 2024, then dropped by 3 bps to 10.6% in 2025, then rose by 1 bps to 10.76% in 2026.
- The last three Operating Margin figures came in at 10.76% (Q2 2026), 8.34% (Q1 2026), and 10.6% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.97 Bn | 44.97 Bn | 1.60 Bn | 21.09% |
| 2 | Cognizant Technology Solutions | 27.17 Bn | 26.12 Bn | 1.83 Bn | 15.95% |
| 3 | Cgi | 15.39 Bn | 14.81 Bn | - | - |
| 4 | EPAM Systems | 5.98 Bn | 5.19 Bn | 429.57 Mn | 10.76% |
| 5 | Science Applications International | 5.46 Bn | 5.34 Bn | 239.00 Mn | 8.09% |
| 6 | ExlService Holdings | 5.28 Bn | 5.00 Bn | 225.96 Mn | 14.68% |
| 7 | Kyndryl Holdings | 2.79 Bn | 680.69 Mn | 776.00 Mn | 4.04% |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 0.00% |
| 9 | DXC Technology | 1.80 Bn | -204.47 Mn | 611.00 Mn | -71.59% |
| 10 | Innodata | 1.78 Bn | 1.53 Bn | 42.46 Mn | 17.21% |
Historic Data
Download Data
Historic 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% |