Filing Flows › Epam Systems (EPAM) › How it makes money
How Epam Systems (EPAM) makes money
Epam Systems (EPAM) made $1.4B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Americas brought in $797M (56%); Europe brought in $630M (44%). Of every dollar of revenue, 12¢ was left as operating profit, 9¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Americas | $797M | 55.9% | +0.6% | -0.4% |
| Europe | $630M | 44.1% | +1% | +6% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.4B | 100.0% |
| Operating profit | $176M | 12.3% |
| Income tax | $46.0M | 3.2% |
| Net earnings | $130M | 9.1% |
| Operating cash flow | $289M | 20.2% |
| Free cash flow | $274M | 19.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.4B | +2% |
| Q2 2026 | $1.4B | +4% |
| Q1 2026 | $1.4B | +8% |
| Q4 2025 | $1.4B | +13% |
| Q3 2025 | $1.4B | +19% |
| Q2 2025 | $1.4B | +18% |
| Q1 2025 | $1.3B | +12% |
From Epam Systems' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Epam Systems make money?
Epam Systems (EPAM) made $1.4B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Americas brought in $797M (56%); Europe brought in $630M (44%). Of every dollar of revenue, 12¢ was left as operating profit, 9¢ was left as net earnings.
What is Epam Systems' biggest business?
Americas: $797M in the third quarter 2026, 56% of revenue, -0.4% from a year earlier.
What is Epam Systems' profit margin?
Net earnings were $130M, 9.1% of revenue, in the third quarter 2026; the operating margin was 12.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.