Filing Flows › Epam Systems (EPAM) › Q3 2026
Epam Systems (EPAM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Epam Systems (EPAM) reported revenue of $1.4B for the third quarter 2026 (Q3 2026), +2% from a year earlier and +0.8% from the quarter before. Operating margin was 12.3%, net earnings $130M (9.1% of revenue).
Epam Systems, Q3 2026: revenue $1.4B (+2% year over year), operating margin 12.3%, net earnings $130M, operating cash flow $289M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +0.8% | +2% |
| Operating profit | $176M | +16% | +21% |
| Net earnings | $130M | +27% | +22% |
| Operating cash flow | $289M | — | -2% |
| Free cash flow | $274M | — | -4% |
What changed
Revenue was $1.4B in Q3 2026, up 2% year over year and up 1% from the previous quarter. Americas was the largest line at 56% of revenue. Europe added $0.04B year over year (up 6%), 110% of the total change.
Operating profit was $0.18B, a 12.3% margin (up 1.9 points year over year). Of the extra revenue versus Q3 2025, 97% reached operating profit, above the 10% margin then. Total costs grew 0% against revenue growth of 2%. Net earnings were $0.13B, up 22% year over year. The effective tax rate was 26.1%.
Operating cash flow was $0.29B (down 2% year over year), 222% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $0.08B. Capital expenditures of $0.01B left free cash flow of $0.27B.
Questions
What was Epam Systems' revenue in the third quarter 2026?
Epam Systems (EPAM) reported revenue of $1.4B for the third quarter 2026 (Q3 2026), +2% from a year earlier and +0.8% from the quarter before.
Was Epam Systems profitable in the third quarter 2026?
Operating profit was $176M (12.3% of revenue) and net earnings $130M.
Source: Epam Systems 10-Q on SEC EDGAR.