EPAM EPAM Systems margins

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Relative Growth: Rel. Growth: 59
Relative Strength: Rel. Strength: 53
Relative Valuation: Rel. Valuation: 78
Relative Profitability: Rel. Profitability: 59
Gross margin
29.4%
Operating margin
10%
EBITDA margin
12.7%
Net margin
7.2%

Current EPAM Systems reports a gross margin of 29.4%, an operating margin of 10%, an EBITDA margin of 12.7%, and a net margin of 7.2%. EBITDA margin headed the decline across the available margins, falling by 1 percentage points.

EPAM margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, EPAM Systems's margins averaged 29.89% gross, 10.57% operating, 13.7% EBITDA, and 8.26% net. Each of the four current margins is below its three-year average.

EPAM margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all declined, with EBITDA margin showing the largest decrease at 1 percentage point.

Gross margin expansion
-0.6pp
Operating margin expansion
-0.6pp
EBITDA margin expansion
-1pp
Net margin expansion
-0.7pp

EPAM Gross margin

Over the last 3 years, EPAM Systems's gross margin averaged 29.89%. The current gross margin of 29.4% is 0.5 percentage points below its three-year average. During this period, gross margin reached a high of 30.8% in Sep 2024 and a low of 28.8% in Dec 2025.

EPAM Operating margin

Over the last 3 years, EPAM Systems had an average operating margin of 10.57%. Against its three-year average, EPAM Systems's operating margin is currently 10%, 0.6 percentage points below its three-year average. Looking back over the last 3 years, EPAM Systems's operating margin reached 11.5% at its highest point in Dec 2024 and 9.5% at its lowest in Dec 2025.

EPAM EBITDA margin

Over the last 3 years, the average EBITDA margin for EPAM Systems was 13.7%. The latest EBITDA margin for EPAM Systems is 12.7%, 1 percentage point below its three-year average. EPAM Systems's EBITDA margin ranged from a low of 12.3% in Dec 2025 to a high of 15.1% in Sep 2024.

EPAM Net margin

Looking at the last 3 years, EPAM Systems had an average net margin of 8.26%. Against its three-year average, EPAM Systems's net margin is currently 7.2%, 1.1 percentage points below its three-year average. Looking back over the last 3 years, EPAM Systems's net margin reached 9.7% at its highest point in Sep 2024 and 6.9% at its lowest in Dec 2025.

EPAM margin group comparison

Margins compared with peer-group, industry and sector averages

EPAM Systems's gross margin of 29.4% is lower than the Technology sector, the industry and its peers average. Looking at the Technology sector average of 52.1%, EPAM Systems's gross margin is 44% lower.

EPAM margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is EPAM Systems's gross margin?

For the period ending Jun 30, 2026, EPAM recorded a gross margin of 29.4%.

What is EPAM Systems's operating margin?

As of Jun 30, 2026, EPAM has an operating margin of 10%.

What is EPAM Systems's EBITDA margin?

For the period ending Jun 30, 2026, EPAM recorded an EBITDA margin of 12.7%.

What is EPAM Systems's net margin?

The current net margin for EPAM is 7.2% as of Jun 30, 2026.

What are the average margins of EPAM?

The three-year average margins for EPAM were 29.9% gross, 10.6% operating, 13.7% EBITDA, and 8.3% net.

What are the highest historical margins of EPAM?

In the last 5 years, the highest margins reported by EPAM were 33.9% gross in Dec 2021, 14.4% operating in Dec 2021, 18.1% EBITDA in Dec 2021, and 12.8% net in Dec 2021.

What are the lowest historical margins of EPAM?

Looking back across 5 years, EPAM reached its lowest margins at 28.8% gross in Dec 2025, 9.5% operating in Dec 2025, 12.3% EBITDA in Dec 2025, and 6.9% net in Dec 2025.