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EPAM Systems, Inc.

$117.91 -$82.55 (-41.18%)
NYSE · 11 Sep 2026 20:00 UTC
Previous Close
$114.52
Day Range
$113.51$118.68
Year Range
$73.06$222.53
Market Cap
6.16B
AVG Volume
1.82M
Trailing/Forward PE
15.91/8.36
PEG ratio
2.17
Dividend Yield
-
Next Earnings Date
2026-11-05
Primary Exchange
New York Stock ExchangeUS
Revenue (USD)
02B4B6B2016201720182019202020212022202320242025
EPAM Revenue (USD) by year
PeriodRevenue (USD)
20255.46B
20244.73B
20234.69B
20224.82B
20213.76B
20202.66B
20192.29B
20181.84B
20171.45B
20161.16B
Net Income (USD)
0200M400M600M2016201720182019202020212022202320242025
EPAM Net Income (USD) by year
PeriodNet Income (USD)
2025377.68M
2024454.53M
2023417.08M
2022419.42M
2021481.65M
2020327.16M
2019261.06M
2018240.26M
201772.76M
201699.27M
Operating Income (USD)
0200M400M600M2016201720182019202020212022202320242025
EPAM Operating Income (USD) by year
PeriodOperating Income (USD)
2025531.1M
2024544.58M
2023501.24M
2022572.97M
2021542.32M
2020379.32M
2019302.85M
2018245.76M
2017172.95M
2016133.7M
EBITDA (USD)
0200M400M600M800M2016201720182019202020212022202320242025
EPAM EBITDA (USD) by year
PeriodEBITDA (USD)
2025651.02M
2024711.52M
2023677.38M
2022647.47M
2021680.55M
2020508.57M
2019404.03M
2018282.4M
2017201.51M
2016157.08M
Cash Flows (USD)
0200M400M600M800M2016201720182019202020212022202320242025
EPAM Cash Flows (USD) by year
PeriodCash Flows (USD)
2025612.69M
2024527.02M
2023534.22M
2022382.48M
2021460.83M
2020475.61M
2019188.15M
2018254.64M
2017165.56M
2016135.5M
EPS (USD)
02.557.5102016201720182019202020212022202320242025
EPAM EPS (USD) by year
PeriodEPS (USD)
20256.73
20247.84
20237.07
20227.08
20218.15
20205.6
20194.53
20184.24
20171.31
20161.86
Expenses (USD)
0250M500M750M1BSG&ACapex2016201720182019202020212022202320242025
EPAM Expenses (USD) by year
PeriodExpenses (USD)
2025959.86M
2024848.45M
2023843.48M
2022954.41M
2021760.24M
2020553.55M
2019556.74M
2018415.19M
2017354.66M
2016293.98M
Cash & Debt (USD)
01B2B3BCashLong Term DebtShort Term Debt2016201720182019202020212022202320242025
EPAM Cash & Debt (USD) by year
PeriodCash & Debt (USD)
20251.3B
20241.29B
20232.1B
20221.74B
20211.45B
20201.38B
2019936.56M
2018770.56M
2017582.59M
2016362.43M
Debt ratios
-1-0.75-0.5-0.25020182019202020212022202320242025
EPAM Debt ratios by year
PeriodDebt ratios
2025-0.43
2024-0.41
2023-0.77
2022-0.69
2021-0.64
2020-0.8
2019-0.64
2018-0.98
Margins
0%10%20%30%40%2016201720182019202020212022202320242025
EPAM Margins by year
PeriodMargins
202528.26%
202430.68%
202330.57%
202231.88%
202133.91%
202034.85%
201935.12%
201835.6%
201736.48%
201636.46%
Return on Capital
0%5%10%15%20%2016201720182019202020212022202320242025
EPAM Return on Capital by year
PeriodReturn on Capital
202510.27%
202412.52%
202312.01%
202213.97%
202119.3%
202016.5%
201916.36%
201819.03%
20177.46%
201612.7%
Shares Outstanding
020M40M60M2016201720182019202020212022202320242025
EPAM Shares Outstanding by year
PeriodShares Outstanding
202554.94M
202456.82M
202357.77M
202257.58M
202156.75M
202056.03M
201955.06M
201854.03M
201752.2M
201650.72M
Book Value Per Share (USD)
0204060802016201720182019202020212022202320242025
EPAM Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
202566.94
202463.91
202360.09
202252.15
202143.98
202035.39
201928.99
201823.37
201718.68
201615.41
Total Assets (USD)
02B4B6B2016201720182019202020212022202320242025
EPAM Total Assets (USD) by year
PeriodTotal Assets (USD)
20254.9B
20244.75B
20234.35B
20224.01B
20213.52B
20202.72B
20192.24B
20181.61B
20171.25B
2016925.81M
Employee Count
020K40K60K80K2016201720182019202020212022202320242025
EPAM Employee Count by year
PeriodEmployee Count
202562.85K
202461.2K
202353.15K
202259.3K
202158.82K
202041.17K
201936.74K
201830.16K
201725.96K
201622.38K
PE Ratio
10203040med 22.95Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
EPAM PE Ratio by year
PeriodPE Ratio
Sep 2615.34
Sep 2615.23
Aug 2614.94
Aug 2614.36
Aug 2613.08
Aug 2612.68
Jul 2614.68
Jul 2612.5
Jul 2612.33
Jul 2611.67
Jul 2612.28
Jun 2611.22
Jun 2610.66
Jun 2613.27
Jun 2613.64
May 2614.25
May 2614.28
May 2612.94
May 2613.8
May 2616.34
Apr 2617.31
Apr 2619.11
Apr 2617.82
Apr 2620.07
Mar 2619.67
Mar 2619.99
Mar 2619.95
Mar 2621.22
Feb 2620.51
Feb 2620.76
Feb 2624.87
Feb 2627.91
Jan 2631.19
Jan 2632.62
Jan 2631.78
Jan 2631.68
Jan 2629.97
Dec 2531.61
Dec 2531.27
Dec 2531.34
Dec 2530.44
Nov 2527.96
Nov 2527.06
Nov 2526.76
Nov 2526.21
Oct 2523.05
Oct 2522.47
Oct 2520.37
Oct 2520.07
Oct 2521.73
Sep 2521.4
Sep 2522.02
Sep 2522
Sep 2523.89
Aug 2524.86
Aug 2524.66
Aug 2522.23
Aug 2522.27
Aug 2520.82
Jul 2523.54
Jul 2522.71
Jul 2523.43
Jul 2525.21
Jun 2524.12
Jun 2522.48
Jun 2523.55
Jun 2524.58
May 2524.06
May 2524.26
May 2525.32
May 2524.42
May 2520.05
Apr 2519.89
Apr 2518.4
Apr 2518.47
Apr 2518.08
Mar 2521.12
Mar 2521.91
Mar 2522.84
Mar 2524.85
Feb 2525.77
Feb 2526.48
Feb 2533.75
Feb 2533.02
Jan 2532.2
Jan 2532.01
Jan 2529.05
Jan 2528.61
Jan 2529.26
Dec 2430.24
Dec 2431.48
Dec 2431.02
Dec 2431.13
Nov 2430.93
Nov 2431.1
Nov 2429.84
Nov 2429.6
Nov 2426.6
Oct 2426.93
Oct 2428.34
Free Cash Flow Yield
2.5%5%7.5%10%12.5%15%med 4.65%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
EPAM Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 267.83%
Sep 267.89%
Aug 268.04%
Aug 268.37%
Aug 269.19%
Aug 269.48%
Jul 269.57%
Jul 2611.25%
Jul 2611.4%
Jul 2612.05%
Jul 2611.45%
Jun 2612.53%
Jun 2613.19%
Jun 2610.6%
Jun 2610.31%
May 269.86%
May 269.84%
May 2610.86%
May 2610.18%
May 269.93%
Apr 269.37%
Apr 268.49%
Apr 269.11%
Apr 268.08%
Mar 268.25%
Mar 268.11%
Mar 268.13%
Mar 267.64%
Feb 267.91%
Feb 265.95%
Feb 264.97%
Feb 264.43%
Jan 263.96%
Jan 263.79%
Jan 263.89%
Jan 263.9%
Jan 264.12%
Dec 253.91%
Dec 253.95%
Dec 253.94%
Dec 254.06%
Nov 254.42%
Nov 254.57%
Nov 254.62%
Nov 254.71%
Oct 254.43%
Oct 254.55%
Oct 255.01%
Oct 255.09%
Oct 254.7%
Sep 254.77%
Sep 254.64%
Sep 254.64%
Sep 254.28%
Aug 254.11%
Aug 254.14%
Aug 254.59%
Aug 254.59%
Aug 254.88%
Jul 254.32%
Jul 254.48%
Jul 254.34%
Jul 254.03%
Jun 254.22%
Jun 254.52%
Jun 254.32%
Jun 254.14%
May 254.23%
May 254.19%
May 254.02%
May 254.16%
May 255.78%
Apr 255.83%
Apr 256.3%
Apr 256.28%
Apr 256.41%
Mar 255.49%
Mar 255.29%
Mar 255.08%
Mar 254.67%
Feb 254.5%
Feb 254.83%
Feb 253.79%
Feb 253.87%
Jan 253.97%
Jan 253.99%
Jan 254.4%
Jan 254.47%
Jan 254.37%
Dec 244.23%
Dec 244.06%
Dec 244.12%
Dec 244.11%
Nov 244.13%
Nov 244.11%
Nov 244.29%
Nov 244.32%
Nov 245.03%
Oct 244.97%
Oct 244.72%
Price to Sales
01234med 1.91Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
EPAM Price to Sales by year
PeriodPrice to Sales
Sep 261.1
Sep 261.09
Aug 261.07
Aug 261.03
Aug 260.94
Aug 260.91
Jul 261.02
Jul 260.87
Jul 260.86
Jul 260.81
Jul 260.85
Jun 260.78
Jun 260.74
Jun 260.92
Jun 260.95
May 260.99
May 260.99
May 260.9
May 260.96
May 261.13
Apr 261.2
Apr 261.32
Apr 261.23
Apr 261.39
Mar 261.36
Mar 261.38
Mar 261.38
Mar 261.47
Feb 261.42
Feb 261.46
Feb 261.74
Feb 261.96
Jan 262.19
Jan 262.29
Jan 262.23
Jan 262.22
Jan 262.1
Dec 252.22
Dec 252.19
Dec 252.2
Dec 252.14
Nov 251.96
Nov 251.9
Nov 251.88
Nov 251.84
Oct 251.82
Oct 251.78
Oct 251.61
Oct 251.59
Oct 251.72
Sep 251.69
Sep 251.74
Sep 251.74
Sep 251.89
Aug 251.97
Aug 251.95
Aug 251.76
Aug 251.76
Aug 251.76
Jul 251.99
Jul 251.92
Jul 251.98
Jul 252.13
Jun 252.04
Jun 251.9
Jun 251.99
Jun 252.08
May 252.04
May 252.05
May 252.14
May 252.07
May 251.93
Apr 251.91
Apr 251.77
Apr 251.78
Apr 251.74
Mar 252.03
Mar 252.11
Mar 252.2
Mar 252.39
Feb 252.48
Feb 252.56
Feb 253.27
Feb 253.2
Jan 253.12
Jan 253.1
Jan 252.81
Jan 252.77
Jan 252.83
Dec 242.93
Dec 243.05
Dec 243
Dec 243.01
Nov 242.99
Nov 243.01
Nov 242.89
Nov 242.87
Nov 242.36
Oct 242.39
Oct 242.51
EV/EBITDA
05101520med 12.44Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
EPAM EV/EBITDA by year
PeriodEV/EBITDA
Sep 268.07
Sep 268
Aug 267.83
Aug 267.49
Aug 266.74
Aug 266.51
Jul 267.27
Jul 266.03
Jul 265.93
Jul 265.55
Jul 265.9
Jun 265.3
Jun 264.98
Jun 266.46
Jun 266.68
May 267.03
May 267.04
May 266.28
May 266.77
May 267.71
Apr 268.27
Apr 269.31
Apr 268.57
Apr 269.88
Mar 269.64
Mar 269.83
Mar 269.8
Mar 2610.54
Feb 2610.13
Feb 2610.2
Feb 2612.56
Feb 2614.29
Jan 2616.17
Jan 2616.99
Jan 2616.51
Jan 2616.45
Jan 2615.47
Dec 2516.41
Dec 2516.22
Dec 2516.26
Dec 2515.74
Nov 2514.32
Nov 2513.81
Nov 2513.64
Nov 2513.32
Oct 2512.07
Oct 2511.73
Oct 2510.52
Oct 2510.34
Oct 2511.3
Sep 2511.11
Sep 2511.47
Sep 2511.46
Sep 2512.55
Aug 2513.11
Aug 2513
Aug 2511.59
Aug 2511.62
Aug 2510.92
Jul 2512.54
Jul 2512.05
Jul 2512.47
Jul 2513.53
Jun 2512.88
Jun 2511.91
Jun 2512.54
Jun 2513.16
May 2512.85
May 2512.97
May 2513.6
May 2513.06
May 2511.22
Apr 2511.13
Apr 2510.17
Apr 2510.22
Apr 259.97
Mar 2511.91
Mar 2512.42
Mar 2513.01
Mar 2514.29
Feb 2514.88
Feb 2514.3
Feb 2518.96
Feb 2518.5
Jan 2517.97
Jan 2517.85
Jan 2515.95
Jan 2515.67
Jan 2516.08
Dec 2416.71
Dec 2417.51
Dec 2417.22
Dec 2417.28
Nov 2417.16
Nov 2417.27
Nov 2416.45
Nov 2416.3
Nov 2414.1
Oct 2414.31
Oct 2415.19
Price/Operating Cashflow
51015202530med 19.8Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
EPAM Price/Operating Cashflow by year
PeriodPrice/Operating Cashflow
Sep 2611.44
Sep 2611.36
Aug 2611.14
Aug 2610.71
Aug 269.75
Aug 269.45
Jul 269.55
Jul 268.13
Jul 268.02
Jul 267.59
Jul 267.99
Jun 267.3
Jun 266.94
Jun 268.63
Jun 268.87
May 269.27
May 269.29
May 268.42
May 268.98
May 269.42
Apr 269.98
Apr 2611.02
Apr 2610.27
Apr 2611.58
Mar 2611.34
Mar 2611.53
Mar 2611.5
Mar 2612.24
Feb 2611.83
Feb 2615.36
Feb 2618.4
Feb 2620.65
Jan 2623.07
Jan 2624.14
Jan 2623.52
Jan 2623.44
Jan 2622.17
Dec 2523.38
Dec 2523.14
Dec 2523.19
Dec 2522.52
Nov 2520.68
Nov 2520.02
Nov 2519.8
Nov 2519.39
Oct 2520.57
Oct 2520.05
Oct 2518.18
Oct 2517.91
Oct 2519.39
Sep 2519.1
Sep 2519.65
Sep 2519.63
Sep 2521.31
Aug 2522.18
Aug 2522.01
Aug 2519.84
Aug 2519.87
Aug 2518.91
Jul 2521.38
Jul 2520.63
Jul 2521.27
Jul 2522.9
Jun 2521.91
Jun 2520.42
Jun 2521.38
Jun 2522.32
May 2521.85
May 2522.03
May 2522.99
May 2522.18
May 2516.29
Apr 2516.17
Apr 2514.95
Apr 2515.01
Apr 2514.7
Mar 2517.17
Mar 2517.81
Mar 2518.57
Mar 2520.2
Feb 2520.95
Feb 2519.8
Feb 2525.23
Feb 2524.69
Jan 2524.08
Jan 2523.93
Jan 2521.72
Jan 2521.39
Jan 2521.87
Dec 2422.61
Dec 2423.54
Dec 2423.19
Dec 2423.27
Nov 2423.13
Nov 2423.25
Nov 2422.31
Nov 2422.13
Nov 2419.01
Oct 2419.24
Oct 2420.25
Price to Book
12345med 2.61Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
EPAM Price to Book by year
PeriodPrice to Book
Sep 261.75
Sep 261.74
Aug 261.71
Aug 261.64
Aug 261.49
Aug 261.45
Jul 261.65
Jul 261.41
Jul 261.39
Jul 261.31
Jul 261.38
Jun 261.26
Jun 261.2
Jun 261.5
Jun 261.54
May 261.61
May 261.61
May 261.46
May 261.56
May 261.68
Apr 261.78
Apr 261.96
Apr 261.83
Apr 262.06
Mar 262.02
Mar 262.05
Mar 262.05
Mar 262.18
Feb 262.11
Feb 262.07
Feb 262.48
Feb 262.78
Jan 263.11
Jan 263.25
Jan 263.17
Jan 263.16
Jan 262.99
Dec 253.15
Dec 253.12
Dec 253.13
Dec 253.04
Nov 252.79
Nov 252.7
Nov 252.67
Nov 252.61
Oct 252.52
Oct 252.46
Oct 252.23
Oct 252.19
Oct 252.38
Sep 252.34
Sep 252.41
Sep 252.41
Sep 252.61
Aug 252.72
Aug 252.7
Aug 252.43
Aug 252.44
Aug 252.35
Jul 252.66
Jul 252.57
Jul 252.65
Jul 252.85
Jun 252.73
Jun 252.54
Jun 252.66
Jun 252.78
May 252.72
May 252.74
May 252.86
May 252.76
May 252.51
Apr 252.49
Apr 252.3
Apr 252.31
Apr 252.26
Mar 252.64
Mar 252.74
Mar 252.86
Mar 253.11
Feb 253.23
Feb 253.34
Feb 254.26
Feb 254.17
Jan 254.07
Jan 254.04
Jan 253.67
Jan 253.61
Jan 253.69
Dec 243.82
Dec 243.97
Dec 243.92
Dec 243.93
Nov 243.91
Nov 243.93
Nov 243.77
Nov 243.74
Nov 243.21
Oct 243.25
Oct 243.42
EPAM Systems, Inc.
EPAM
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News: EPAM

Jupiter Topco LLC Invests $1.93 Million in EPAM Systems, Inc. $EPAM

defenseworld.net · 4 Sep 2026

Jupiter Topco LLC Invests $1.93 Million in EPAM Systems, Inc. $EPAM

Jupiter Topco LLC bought a new stake in shares of EPAM Systems, Inc. (NYSE: EPAM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 24,265 shares of the information technology services provider's stock, valued at approximately $1,925,000. Several other hedge

51,076 Shares in EPAM Systems, Inc. $EPAM Bought by AXQ Capital LP

defenseworld.net · 4 Sep 2026

51,076 Shares in EPAM Systems, Inc. $EPAM Bought by AXQ Capital LP

AXQ Capital LP acquired a new position in shares of EPAM Systems, Inc. (NYSE: EPAM) during the undefined quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 51,076 shares of the information technology services provider's stock, valued at approximately $4,053,000. AXQ Capital LP owned about 0.10% of

Here's Why Epam (EPAM) is a Strong Value Stock

zacks.com · 3 Sep 2026

Here's Why Epam (EPAM) is a Strong Value Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

EPAM Systems: AI Is Eating The Old Business, But 8.7x Earnings Is Too Cheap

seekingalpha.com · 2 Sep 2026

EPAM Systems: AI Is Eating The Old Business, But 8.7x Earnings Is Too Cheap

EPAM Systems faces near-term revenue headwinds as AI cannibalizes legacy services, but trades at just 8.7x forward non-GAAP earnings. AI-native revenue now exceeds 11% of EPAM, growing double-digit sequentially, while margins and adjusted EPS are improving despite flat topline growth. Engine Capital's activist push for a $750M buyback leverages EPAM's strong balance sheet and could materially shrink the share count at current valuations.

Engine Capital Sends Letter to EPAM Systems's Board of Directors Highlighting Company's Undervaluation and Urging the Initiation of a $750 Million Accelerated Share Repurchase Program

businesswire.com · 31 Aug 2026

Engine Capital Sends Letter to EPAM Systems's Board of Directors Highlighting Company's Undervaluation and Urging the Initiation of a $750 Million Accelerated Share Repurchase Program

NEW YORK--(BUSINESS WIRE)--Engine Capital LP (together with its affiliates, “Engine”), which owns approximately 1.5% of the outstanding shares of common stock of EPAM Systems, Inc. (NYSE: EPAM) (the “Company”), today announced that it has delivered a letter to the Company's Board of Directors.The full text of Engine's letter to the Company can be viewed here.About Engine CapitalEngine Capital LP is a value-oriented special situations fund that invests both actively and passively in companies und.

Engine Capital pushes EPAM for share buybacks or sale, source says

reuters.com · 31 Aug 2026

Engine Capital pushes EPAM for share buybacks or sale, source says

Activist hedge fund Engine Capital ​has a 1.5% stake in EPAM ‌Systems and is pushing the software firm to increase share buybacks or consider a sale ​following stock declines sparked by fears ​of AI disruption, a source familiar ⁠with the matter said.

Here Are Wednesday’s Top Wall Street Analyst Research Calls: Atlassian, Dick’s Sporting Goods, EPAM Systems, GoDaddy, Intuit, Jersey Mike’s Subs, JFrog, Lattice Semiconductor, and More

247wallst.com · 26 Aug 2026

Here Are Wednesday’s Top Wall Street Analyst Research Calls: Atlassian, Dick’s Sporting Goods, EPAM Systems, GoDaddy, Intuit, Jersey Mike’s Subs, JFrog, Lattice Semiconductor, and More

Wall Street analysts are reshuffling their bets ahead of a critical inflation report and NVIDIA earnings that could jolt markets in either direction. Find out which names got upgraded, cut, or newly covered before the opening bell Wednesday.

EPAM Partners with Wiz to Help Enterprises Reduce Cloud Risk and Strengthen Cyber Resilience

prnewswire.com · 25 Aug 2026

EPAM Partners with Wiz to Help Enterprises Reduce Cloud Risk and Strengthen Cyber Resilience

The partnership combines Wiz's production-grade cloud and AI security platform with EPAM's AI-native engineering and modernization capabilities to help organizations move from risk visibility to remediation across complex multi-cloud environments. NEWTOWN, Pa.

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