Jun 2026 (Q2 FY26) — Aug 6, 2026
EPAM Q2 FY26 — AI Native Revenue Accelerates Amidst North America Headwinds
Read the full callEPAM (EPAM) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
EPAM earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,415 | +4.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 10.8 | +1.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 103 | +17.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$127.38 +4.25% · +$5.19
Performance −11.9% 1Y
1Y: $144.52 on 17 Oct 2025 → $127.38. High $221.4 (14 Jan 2026), low $76.04 (22 Jun 2026).
- Previous close
- $122.19
- 52-week range
- $76.04 – $221.4
- One year
- −12.15%
Overview
- Symbol
- EPAM
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
EPAM Q1 FY26 — AI Momentum Amidst Macro Headwinds
Read the full callEvery analysed call
EPAM earnings calls (EPAM)
Financials
What the filings say
Net profit, year on year: +17% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,168 | 1,248 | 1,302 | 1,353 | 1,394 | 1,408 | 1,400 | 1,415 |
| Operating profit | 177 | 137 | 99 | 126 | 145 | 149 | 117 | 152 |
| Operating margin | 15.2% | 10.9% | 7.6% | 9.3% | 10.4% | 10.6% | 8.3% | 10.8% |
| Profit before tax | 190 | 137 | 94 | 124 | 144 | 144 | 121 | 141 |
| Tax rate | 28.1% | 24.8% | 22.2% | 28.9% | 25.6% | 24.0% | 31.6% | 26.7% |
| Net profit | 136 | 103 | 73 | 88 | 107 | 109 | 83 | 103 |
| EPS ($ per share) | 2.40 | — | 1.29 | 1.56 | 1.92 | — | 1.53 | 1.97 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | 349 | 648 | 738 | 1,027 | 1,006 | 881 | 1,119 | 1,224 |
| Fixed assets | 103 | 165 | 170 | 236 | 273 | 235 | 208 | 202 |
| Investments | — | — | — | 0 | 60 | 61 | 2 | — |
| Total assets | 1,612 | 2,244 | 2,721 | 3,523 | 4,009 | 4,352 | 4,750 | 4,902 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 292 | 287 | 544 | 572 | 464 | 563 | 559 | 655 |
| Cash from investing | -112 | -145 | -167 | -369 | -183 | -67 | -885 | -49 |
| Cash from financing | 23 | 20 | -1 | -60 | -2 | -166 | -390 | -651 |
| Net cash flow | 189 | 166 | 386 | 126 | 234 | 359 | -753 | 11 |
| Capital expenditure | -38 | -99 | -69 | -112 | -82 | -28 | -32 | -42 |
| Free cash flow | 255 | 188 | 476 | 461 | 382 | 534 | 527 | 613 |
EPAM revenue by segment
Europe grew from 40% to 44% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Americas | — | — | 60% | 58% | 57% | 57% | 57% | 56% | +0.6% |
| Europe | 40% | 39% | 40% | 42% | 43% | 43% | 43% | 44% | +10.0% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
EPAM operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Employees Delivery professionals | 56.5K+We ended Q1 with more than 56,500 delivery professionals, reflecting total growth of 1.6% compared to Q1 2025.Source: earnings call transcript | 56.65K+We ended Q2 with more than 56,650 delivery professionals, reflecting total growth of 1.5% compared to Q2 2025.Source: earnings call transcript | — |
| Employees | 62.75K+Our total head count at quarter end was more than 62,750 employees.Source: earnings call transcript | 62.85K+Our total headcount at quarter end was more than 62,850 employees.Source: earnings call transcript | — |
| Utilization rate | 77%Utilization was 77% compared to 77.5% in Q1 of last year, and 75.4% in Q4 2025.Source: earnings call transcript | 78.3%Utilization was 78.3% compared to 78.1% in Q2 of last year and 77% in Q1 2026.Source: earnings call transcript | +1.3 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2026 · share of revenue
- Americas 57%
- US 51% ↓ 7 pt
- Europe 44%
- EMEA 41% ↑ 3 pt
- Other Countries 21% ↑ 9 pt
- GB 11%
- CH 8% ↓ 1 pt
- NL 4% ↑ 1 pt
- DE 4%
- Asia Pacific 2%
As EPAM cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
76 filings between Oct 21, 2025 and Sep 1, 2026.
Open market
decisions to buy or sellPurchases
$97.5K
13 purchases by 7 insiders
Sales
$1.82M
5 sales by 4 insiders
Compensation
not trading decisions- 18
- Award — granted as compensation
- 2
- Option exercise — converted options into shares
- 36
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Shnayder Boris | $7.5K | $1.03M | Dec 10, 2025 |
| Dvorkin Viktar | $15.0K | $454.5K | Apr 30, 2026 |
| Yezhkov Sergey | — | $227.1K | Oct 21, 2025 |
| Abrahams Gary C | $15.0K | $107.6K | Apr 30, 2026 |
| Rockwell Edward | $15.0K | — | Apr 30, 2026 |
| Solomon Lawrence F | $15.0K | — | Apr 30, 2026 |
| Peterson Jason D. | $15.0K | — | Apr 30, 2026 |
| Fejes Balazs | $15.0K | — | Apr 30, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 1, 2026 | Fejes Balazs CEO, President, Director | Tax withheld | 412 | $48.5K |
| May 22, 2026 | Roman Eugene Director | Tax withheld | 673 | $69.4K |
| May 21, 2026 | Roman Eugene Director | Award | 2,132 | $0 |
| May 21, 2026 | Segert Robert E. Director | Award | 2,132 | $0 |
| May 21, 2026 | Robb Karl Director | Award | 2,132 | $0 |
| May 21, 2026 | Aguirre DeAnne Director | Award | 2,132 | $0 |
| May 21, 2026 | McMahon Chandra Director | Award | 2,132 | $0 |
| May 21, 2026 | Vargo Ronald P Director | Award | 2,132 | $0 |
| May 21, 2026 | Smart Jill Director | Award | 2,132 | $0 |
| May 21, 2026 | Shan Helen L. Director | Award | 2,132 | $0 |
| May 21, 2026 | Mayoras Richard Michael Director | Award | 2,132 | $0 |
| Apr 30, 2026 | Dvorkin Viktar Chief Deliv Off, EVP, Americas | Purchase | 78 | $7.5K |
| Apr 30, 2026 | Abrahams Gary C VP, Corporate Controller, PAO | Purchase | 78 | $7.5K |
| Apr 30, 2026 | Fejes Balazs CEO, President, Director | Purchase | 78 | $7.5K |
| Apr 30, 2026 | Peterson Jason D. Chief Financial Officer | Purchase | 78 | $7.5K |
| Apr 30, 2026 | Solomon Lawrence F SVP/Chief People Officer | Purchase | 78 | $7.5K |
| Apr 30, 2026 | Rockwell Edward SVP/Chief Legal Officer | Purchase | 78 | $7.5K |
| Mar 31, 2026 | Dvorkin Viktar SVP/Global Head Adv Eng | Award | 21,695 | $0 |
| Mar 25, 2026 | Dobkin Arkadiy Executive Chairman | Option exercise | 41,026 | $2.89M |
| Mar 25, 2026 | Dobkin Arkadiy Executive Chairman | Tax withheld | 30,082 | $4.01M |
| Mar 15, 2026 | Shekhter Elaina SVP, Chief Strategy Officer | Tax withheld | 129 | $17.7K |
| Mar 15, 2026 | Dobkin Arkadiy Executive Chairman | Award | 15,743 | $0 |
| Mar 15, 2026 | Dobkin Arkadiy Executive Chairman | Tax withheld | 2,413 | $330.9K |
| Mar 15, 2026 | Dobkin Arkadiy Executive Chairman | Tax withheld | 1,129 | $154.8K |
| Mar 15, 2026 | Dobkin Arkadiy Executive Chairman | Tax withheld | 1,135 | $155.7K |
| Mar 15, 2026 | Abrahams Gary C VP, Corporate Controller, PAO | Award | 1,154 | $0 |
| Mar 15, 2026 | Abrahams Gary C VP, Corporate Controller, PAO | Tax withheld | 52 | $7.1K |
| Mar 15, 2026 | Abrahams Gary C VP, Corporate Controller, PAO | Tax withheld | 41 | $5.6K |
| Mar 15, 2026 | Dobkin Arkadiy Executive Chairman | Tax withheld | 883 | $121.1K |
| Mar 15, 2026 | Shekhter Elaina SVP, Chief Strategy Officer | Tax withheld | 154 | $21.1K |
| Mar 15, 2026 | Fejes Balazs CEO, President, Director | Award | 26,238 | $0 |
| Mar 15, 2026 | Abrahams Gary C VP, Corporate Controller, PAO | Tax withheld | 34 | $4.7K |
| Mar 15, 2026 | Peterson Jason D. Chief Financial Officer | Tax withheld | 1,168 | $160.2K |
| Mar 15, 2026 | Fejes Balazs CEO, President, Director | Tax withheld | 1,074 | $147.3K |
| Mar 15, 2026 | Peterson Jason D. Chief Financial Officer | Tax withheld | 549 | $75.3K |
| Mar 15, 2026 | Peterson Jason D. Chief Financial Officer | Tax withheld | 1,037 | $142.2K |
| Mar 15, 2026 | Peterson Jason D. Chief Financial Officer | Tax withheld | 442 | $60.6K |
| Mar 15, 2026 | Fejes Balazs CEO, President, Director | Tax withheld | 502 | $68.8K |
| Mar 15, 2026 | Solomon Lawrence F SVP & Chief People Officer | Award | 11,370 | $0 |
| Mar 15, 2026 | Solomon Lawrence F SVP & Chief People Officer | Tax withheld | 667 | $91.5K |
| Mar 15, 2026 | Solomon Lawrence F SVP & Chief People Officer | Tax withheld | 312 | $42.8K |
| Mar 15, 2026 | Peterson Jason D. Chief Financial Officer | Tax withheld | 546 | $74.9K |
| Mar 15, 2026 | Solomon Lawrence F SVP & Chief People Officer | Tax withheld | 314 | $43.1K |
| Mar 15, 2026 | Peterson Jason D. Chief Financial Officer | Award | 16,618 | $0 |
| Mar 15, 2026 | Solomon Lawrence F SVP & Chief People Officer | Tax withheld | 288 | $39.5K |
| Mar 15, 2026 | Abrahams Gary C VP, Corporate Controller, PAO | Tax withheld | 41 | $5.6K |
| Mar 15, 2026 | Shekhter Elaina SVP, Chief Strategy Officer | Award | 8,221 | $0 |
| Mar 15, 2026 | Shekhter Elaina SVP, Chief Strategy Officer | Tax withheld | 327 | $44.8K |
| Mar 15, 2026 | Shekhter Elaina SVP, Chief Strategy Officer | Tax withheld | 153 | $21.0K |
| Mar 15, 2026 | Fejes Balazs CEO, President, Director | Tax withheld | 505 | $69.3K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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