Loading...
•
Dec 31, 2025
EPAM Q4 2025 Earnings Report
EPAM reported strong fourth quarter and full year 2025 results, with significant growth in revenues and non-GAAP diluted EPS.
Key Takeaways
EPAM Systems, Inc. delivered a strong fourth quarter and full year 2025, marked by scaling and accelerating AI-native revenues. The company reported revenues of $1.408 billion for Q4 2025, a 12.8% year-over-year increase, and non-GAAP diluted EPS of $3.26, up 14.8% year-over-year. Full year revenues reached $5.457 billion, a 15.4% increase, with non-GAAP diluted EPS of $11.50, up 5.9%.
Fourth quarter revenues increased to $1.408 billion, a 12.8% year-over-year increase.
GAAP income from operations was 10.6% of revenues, while non-GAAP income from operations was 16.3% of revenues for the fourth quarter.
GAAP diluted EPS for Q4 2025 was $1.98, an increase of 10.0%, and non-GAAP diluted EPS was $3.26, an increase of 14.8% year-over-year.
The company repurchased 1.16 million shares for $223.5 million during Q4 2025 under its share repurchase program.
Forward Guidance
EPAM provides a positive outlook for both the first quarter and full year 2026, anticipating continued revenue growth and strong non-GAAP diluted EPS.
Positive Outlook
- Full year 2026 revenue growth rate expected between 4.5% to 7.5%.
- Full year 2026 organic constant currency revenue growth rate expected between 3% to 6%.
- Full year 2026 non-GAAP income from operations expected between 15% to 16% of revenues.
- Full year 2026 non-GAAP diluted EPS expected between $12.60 to $12.90.
- First quarter 2026 revenues expected between $1.385 billion to $1.400 billion, reflecting 7.0% year-over-year increase at midpoint.
Challenges Ahead
- First quarter 2026 foreign exchange rates expected to negatively impact revenue growth by 4.0%.
- First quarter 2026 inorganic revenue expected to negatively impact revenue growth by 0.1%.
- Full year 2026 foreign exchange rates expected to negatively impact revenue growth by 1.5%.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...