EPAM Systems
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. EPAM Systems's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 3% to $4,690,540,000. Profit margin reached 9%. Total operating expenses were $815,065,000.
Profit Margin
| 2014 | 730.02M | 69.64M | 9.54% |
|---|---|---|---|
| 2015 | 914.12M | 84.45M | 9.24% |
| 2016 | 1.16B | 99.26M | 8.56% |
| 2017 | 1.45B | 72.76M | 5.02% |
| 2018 | 1.84B | 240.25M | 13.04% |
| 2019 | 2.29B | 261.05M | 11.38% |
| 2020 | 2.65B | 327.16M | 12.3% |
| 2021 | 3.75B | 481.65M | 12.82% |
| 2022 | 4.82B | 419.41M | 8.69% |
| 2023 | 4.69B | 417.08M | 8.89% |
EPAM Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 4.69B | 4.82B | 3.75B | 2.65B | 2.29B | 1.84B | 1.45B | 1.16B | 914.12M | 730.02M |
Cost of revenue | 3.37B | 3.28B | 2.48B | 1.73B | 1.48B | 1.18B | 921.35M | 737.18M | 566.91M | 456.53M |
Gross profit | 1.31B | 1.53B | 1.27B | 926.95M | 805.6M | 655.99M | 529.09M | 422.94M | 347.21M | 273.49M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 815.06M | 965.04M | 732.13M | 547.63M | 502.75M | 410.22M | 356.15M | 289.25M | 241.24M | 185.07M |
Operating income | 501.23M | 572.96M | 542.31M | 379.32M | 302.85M | 245.76M | 172.94M | 133.69M | 105.96M | 86.18M |
Other income (expenses), net | 35.34M | -65.70M | -8.92M | -845K | -3.32M | 487K | 1.35M | -12.07M | 103K | 770K |
Income before tax | 536.58M | 507.25M | 533.39M | 378.47M | 299.52M | 249.77M | 174.30M | 126.46M | 106.07M | 86.95M |
Income tax expense | 119.50M | 87.84M | 51.74M | 51.31M | 38.46M | 9.51M | 101.54M | 27.2M | 21.61M | 17.31M |
Net income | 417.08M | 419.41M | 481.65M | 327.16M | 261.05M | 240.25M | 72.76M | 99.26M | 84.45M | 69.64M |
Earnings per share | ||||||||||
Basic EPS | 7.21 | 7.32 | 8.52 | 5.87 | 4.77 | 4.24 | 1.4 | 1.97 | 1.73 | 1.48 |
Diluted EPS | 7.06 | 7.09 | 8.15 | 5.6 | 4.53 | 4.24 | 1.32 | 1.87 | 1.62 | 1.4 |
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