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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

EPAM Systems (EPAM) Operating Margin (2016 - 2025)

EPAM Systems (EPAM) has disclosed Operating Margin for 15 consecutive years, with 10.6% as the latest value for Q4 2025.

  • On a quarterly basis, Operating Margin fell 33.0% to 10.6% in Q4 2025 year-over-year; TTM through Dec 2025 was 9.53%, a 199.0% decrease, with the full-year FY2025 number at 9.53%, down 199.0% from a year prior.
  • Operating Margin was 10.6% for Q4 2025 at EPAM Systems, up from 10.39% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 15.16% in Q3 2024 to a low of 7.63% in Q1 2025.
  • A 5-year average of 11.58% and a median of 10.77% in 2025 define the central range for Operating Margin.
  • Peak YoY movement for Operating Margin: tumbled -643bps in 2022, then skyrocketed 526bps in 2024.
  • EPAM Systems' Operating Margin stood at 14.96% in 2021, then fell by -7bps to 13.85% in 2022, then decreased by -24bps to 10.58% in 2023, then increased by 3bps to 10.94% in 2024, then fell by -3bps to 10.6% in 2025.
  • Per Business Quant, the three most recent readings for EPAM's Operating Margin are 10.6% (Q4 2025), 10.39% (Q3 2025), and 9.34% (Q2 2025).