Filing Flows › Epam Systems (EPAM) › Q2 2026
Epam Systems (EPAM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Epam Systems (EPAM) reported revenue of $1.4B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +1% from the quarter before. Operating margin was 10.8%, net earnings $103M (7.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +1% | +5% |
| Operating profit | $152M | +30% | +20% |
| Net earnings | $103M | +25% | +17% |
| Operating cash flow | −$2.4M | — | -105% |
What changed
Revenue was $1.4B in Q2 2026, up 5% year over year and up 1% from the previous quarter. Americas was the largest line at 56% of revenue. Europe added $0.06B year over year (up 10%), 92% of the total change.
Operating profit was $0.15B, a 10.8% margin (up 1.4 points year over year). Of the extra revenue versus Q2 2025, 42% reached operating profit, above the 9% margin then. Total costs grew 3% against revenue growth of 5%. Net earnings were $0.10B, up 17% year over year. The effective tax rate was 26.7%.
Operating cash flow was −$2.4M. Non-cash charges added back $0.03B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.18B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.02B.
Questions
What was Epam Systems' revenue in the second quarter 2026?
Epam Systems (EPAM) reported revenue of $1.4B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +1% from the quarter before.
Was Epam Systems profitable in the second quarter 2026?
Operating profit was $152M (10.8% of revenue) and net earnings $103M.
Source: Epam Systems 10-Q on SEC EDGAR.