TTM
9.9%
YoY change
−1.97pp
Trough year (2025)
9.6%
Peak year (2011)
16.4%
Latest annual
9.6%
Operating Margin history chart for EPAM Systems (EPAM) from 2009 to 2025
Latest: 9.6%
Operating Margin change chart for EPAM Systems (EPAM) from 2009 to 2025
Latest: −1.97pp
Operating Margin history table for EPAM Systems (EPAM) from 2009 to 2025
| 2025 | 9.6% | -1.97pp | ||
| 2024 | 11.5% | +0.83pp | ||
| 2023 | 10.7% | -1.19pp | ||
| 2022 | 11.9% | -2.55pp | ||
| 2021 | 14.4% | +0.17pp | ||
| 2020 | 14.3% | +1.06pp | ||
| 2019 | 13.2% | -0.13pp | ||
| 2018 | 13.3% | +1.41pp | ||
| 2017 | 11.9% | +0.40pp | ||
| 2016 | 11.5% | -0.07pp | ||
| 2015 | 11.6% | -0.21pp | ||
| 2014 | 11.8% | -1.97pp | ||
| 2013 | 13.8% | -1.44pp | ||
| 2012 | 15.2% | -1.23pp | ||
| 2011 | 16.4% | +1.66pp | ||
| 2010 | 14.8% | +4.12pp | ||
| 2009 | 10.7% | — |
- 20259.6%-1.97pp
- 202411.5%+0.83pp
- 202310.7%-1.19pp
- 202211.9%-2.55pp
- 202114.4%+0.17pp
- 202014.3%+1.06pp
- 201913.2%-0.13pp
- 201813.3%+1.41pp
- 201711.9%+0.40pp
- 201611.5%-0.07pp
- 201511.6%-0.21pp
- 201411.8%-1.97pp
- 201313.8%-1.44pp
- 201215.2%-1.23pp
- 201116.4%+1.66pp
- 201014.8%+4.12pp
- 200910.7%—
Operating Margin values are taken from EPAM Systems's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at EPAM Systems (EPAM)
According to EPAM Systems's latest reported financial statements, the company's latest reported operating margin is 9.9%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, EPAM Systems (EPAM) reported operating margin of 9.55% – contracted 2.0 percentage points year-over-year.
The record annual operating margin stands at 16.44%, reached in 2011; the historical low of 9.55% was recorded in 2025.
EPAM Systems Operating Margin by Year
EPAM Systems Operating Margin 2025: 9.6%
EPAM Systems posted operating margin of 9.55% in 2025, contracted 2.0 percentage points from 2024. This figure represents the lowest annual value in the available history.
EPAM Systems Operating Margin 2024: 11.5%
In 2024, EPAM Systems reported operating margin of 11.52%, expanded 0.8 percentage points from 2023.
EPAM Systems Operating Margin 2023: 10.7%
EPAM Systems operating margin in 2023 was 10.69%, contracted 1.2 percentage points from 2022.
EPAM Systems Operating Margin 2022: 11.9%
2022's operating margin for EPAM Systems came in at 11.88%, contracted 2.6 percentage points from 2021.
EPAM Systems Operating Margin 2021: 14.4%
EPAM Systems operating margin in 2021 was 14.43%.
See more financial history for EPAM Systems (EPAM).
Sector peers by Operating Margin
Technology peers of EPAM Systems (EPAM), ranked by their latest operating margin
| 64.0% | |
| 53.2% | |
| 48.5% | |
| 46.8% | |
| 43.7% | |
| 34.8% | |
| 32.6% | |
| 11.7% |
- 64.0%
- 53.2%
- 46.8%
- 43.7%
- 34.8%
- 32.6%
- 11.7%
Frequently asked questions
EPAM Systems (EPAM) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation