EPAM Systems, Inc.

EPAM Systems, Inc.

EPAM
EPAM Systems, Inc.US flagNew York Stock Exchange
103.23
USD
-5.53
- -
5.39BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
12.13
15.47
18.76
23.06
27.85
34.37
41.92
47.72
66.5
84.21
81.11
82.53
97.63
100.73
Basic EPS, GAAP
1.35
1.48
1.73
1.97
1.4
4.48
4.77
5.87
8.52
7.32
7.21
7.93
6.76
7.01
Free Cash Flow per Basic Share
0.92
1.89
1.2
2.74
3.13
4.75
3.44
8.53
8.15
6.68
9.24
9.2
10.96
9.86
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
4.18
5.52
7.08
8.83
9.96
14.17
18.65
24.19
32.38
39.26
43.25
44.61
40.58
37.8
Tangible Book Value per Share
7.43
7.61
9.25
12.34
15.57
19.37
24.58
30.85
32.98
41.83
49.07
35.14
36.87
33.39
Basic Weighted Avg Shares
46
47
49
50
52
54
55
56
57
57
58
57
56
55
Sales/Revenue/Turnover
555
730
914
1,160
1,450
1,843
2,294
2,659
3,758
4,825
4,691
4,728
5,457
5,555
Operating Margin (%)
13.78
12.11
11.59
11.52
11.92
13.34
13.2
14.26
14.43
11.88
11.24
11.52
9.53
9.67
Depreciation Expense
15
17
17
23
29
37
101
129
145
140
133
127
166
167
Net Income, GAAP
62
70
84
99
73
240
261
327
482
419
417
455
378
387
Effective Tax Rate (%)
19.25
19.91
20.38
21.51
58.26
3.81
12.84
13.56
9.7
17.32
22.27
22.22
25.3
27.29
Profit Margin (%)
11.17
9.54
9.24
8.56
5.02
13.04
11.38
12.3
12.82
8.69
8.89
9.61
6.92
6.96
Working Capital
276
290
401
530
779
936
1,087
1,447
1,506
2,012
2,446
1,605
1,557
1,473
LT Debt
- -
- -
35
25
25
25
206
206
173
150
135
124
107
251
Total Equity
376
464
613
781
975
1,263
1,596
1,983
2,496
3,003
3,471
3,631
3,678
3,432
Return on Invested Capital (%)
17.96
16.17
14.5
13.93
7.72
19.92
16.38
15.65
19.18
15.59
11.74
11.16
9.99
10.34
Return on Capital (%)
38.74
30.84
26.36
23.37
14.36
36.17
25.24
22.57
26.18
18.57
16.31
16.85
14.71
15.47
Return on Common Equity (%)
38.74
30.84
27.88
25.15
15.11
37.59
29.33
27.62
30.32
20.57
17.56
17.98
15.66
16.99

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
40
37
37
LT Borrowings
25
25
165
LT Finance Leases
90
81
86
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
55
54
53
Market Capitalization
8,500
11,453
7,468

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,524
2,534
2,357
Cash, Cash Equivalents & STI
1,239
1,296
1,037
Accounts Receivable, Net
1,130
1,108
1,175
Inventories
- -
- -
- -
Total Current Liabilities
835
977
884
Payables & Accruals
251
150
280
ST Debt
40
37
37
Deferred Revenue
- -
104
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20%
13.53%
1.28%
Free Cash Flow
37.16%
6.89%
16.26%
Net Income, GAAP
28.08%
5.16%
-16.91%
Sales/Revenue/Turnover
20.25%
16.63%
15.42%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,165
1,147
1,168
1,248
4,728
2025
1,302
1,353
1,394
1,408
5,457
2026
1,400
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.01
1.71
2.4
1.82
7.93
2025
1.29
1.56
1.92
1.99
6.76
2026
1.53
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Balazs Fejes
Full Time Employees
61,200
Sector
Technology
Industry
Information Technology Services
Address
41 University Drive Newtown PA United States of America 18940
IPO Date
Feb 8, 2012
Website
epam.com
Business
EPAM Systems, Inc. (NYSE: EPAM) provides digital platform engineering and software development services to clients worldwide. The company offers software engineering and product/platform development; managed services; quality assurance and test automation; infrastructure and licensing; cloud and AI-enabled transformation services; business consulting; design thinking; and physical-digital product development, serving industries including financial services, consumer goods, retail and travel, software and hi-tech, business information and media, life sciences and healthcare, manufacturing, telecom, media, and emerging verticals. EPAM operates across more than 55 countries and regions, with 62,350 employees as of Q3 2025, targeting Forbes Global 2000 clients and other enterprises seeking agile, AI-native solutions. Founded in 1993 by Arkadiy Dobkin and Leo Lozner in Princeton, New Jersey, the company is headquartered in Newtown, Pennsylvania. Recent developments include the December 2024 completion of the strategic acquisition of First Derivative, enhancing AI and data-driven financial services capabilities in North America, Europe, and APAC with over 1,800 added employees; the 2024 acquisition of NEORIS and integrations of Optiva, Vates, and S4N, leading to the launch of EPAM NEORIS for expanded Ibero-American digital transformation in financial services, manufacturing, retail, telecom, and media; the October 2025 unveiling of an immersive Apple Vision Pro F1 racing experience in partnership with BOSS and Aston Martin; the October 2025 launch of AI/Run™.Transform playbook for enterprise-wide AI adoption; the October 2025 introduction of Agentic QA™ for AI-native software testing; and receipt of the 2025 AWS Global Innovation Partner of the Year award.

Company News

APIChat
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