Filing Flows › Epam Systems (EPAM) › Q2 2026 › vs Q2 2025
Epam Systems (EPAM) Q2 2026 vs Q2 2025 (year over year)
Epam Systems's revenue rose $61.3M (+5%) from $1.4B in Q2 2025 to $1.4B in Q2 2026. The biggest changes: Europe +$56.5M (+10%); Americas +$4.9M (+0.6%). Operating margin 10.8% against 9.3% (+1.4 pts).
Epam Systems, Q2 2026: revenue $1.4B (+4% year over year), operating margin 10.8%, net earnings $103M, operating cash flow −$2.4M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 10.8% | 9.3% | +1.4 pts |
| Net margin | 7.3% | 6.5% | +0.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Americas | $792M | $787M | $4.9M | +0.6% |
| Europe | $623M | $566M | $56.5M | +10% |
| Revenue | $1.4B | $1.4B | $61.3M | +5% |
| Operating profit | $152M | $126M | $25.7M | +20% |
| Costs & expenses | $1.3B | $1.2B | $35.6M | +3% |
| Pre-tax earnings | $141M | $124M | $16.8M | +14% |
| Other expense, net | $11.7M | $2.7M | $9.0M | +331% |
| Cost of revenue | $985M | $964M | $21.2M | +2% |
| SG&A | $245M | $232M | $13.6M | +6% |
| Other operating costs | $32.1M | $31.3M | $827K | +3% |
| Net earnings | $103M | $88.0M | $15.0M | +17% |
| Income tax | $37.6M | $35.7M | $1.8M | +5% |
| Operating cash sources | $184M | $105M | $79.2M | +76% |
| Depreciation & amortization | $32.1M | $31.3M | $827K | +3% |
| Share-based compensation | $46.4M | $38.6M | $7.8M | +20% |
| Cash used in operations | $2.4M | −$53.2M | $55.6M | — |
| Working capital & other | $184M | $105M | $79.2M | +76% |
Questions
How much did Epam Systems's revenue grow year over year in Q2 2026?
Epam Systems's revenue rose $61.3M (+5%) from $1.4B in Q2 2025 to $1.4B in Q2 2026.
What drove Epam Systems's revenue change in Q2 2026?
Europe +$56.5M (+10%); Americas +$4.9M (+0.6%).