Stocks Technology EPAM
NYSE · TechnologyEPAM Systems, Inc. (EPAM)
EPAM Systems, Inc. brought in $5.6B of revenue over the twelve months to September 30, 2026, up 6.6% from a year earlier. Net income was $425.2M, a net margin of 7.5%. Operating cash flow minus capital spending left $612.7M of free cash flow in fiscal 2025. At September 30, 2026 it held $965.2M in cash against $25M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about EPAM Systems, Inc.
- Net worth
- EPAM Systems, Inc. has a market value (market cap) of $8.5B at the latest share price, and shareholders' equity of $3.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $5.5B (+15.4% year on year), with net income of $377.7M. Over the 12 months to September 30, 2026: revenue $5.6B, net income $425.2M.
- Cash flow
- In fiscal 2025 operations brought in $654.9M of cash; after $42.2M of capital spending, free cash flow was $612.7M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- EPAM Systems, Inc.'s next report is expected around February 18, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What EPAM Systems, Inc. does
EPAM Systems, Inc. is registered with the SEC under industry code SIC 7371 (Services-Computer Programming Services). Its shares trade on NYSE under the ticker EPAM.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $5.5B | $377.7M | $6.72 | $612.7M |
| 2024 | $4.7B | $454.5M | $7.84 | $527M |
| 2023 | $4.7B | $417.1M | $7.06 | $534.2M |
| 2022 | $4.8B | $419.4M | $7.09 | $382.5M |
| 2021 | $3.8B | $481.7M | $8.15 | $460.8M |
| 2020 | $2.7B | $327.2M | $5.60 | $475.6M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where EPAM ranks in Technology
Latest SEC filings
What EPAM Systems, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 2.3% to $1.4B versus the same quarter last year; diluted EPS $2.53 versus $1.91.
- November 5, 2026
- October 30, 2026Passive stake changed SCHEDULE 13G/A
- August 13, 2026Passive stake changed SCHEDULE 13G/A
- August 12, 2026Passive stake changed SCHEDULE 13G/A
- August 6, 2026
- August 6, 2026
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 4.5% to $1.4B versus the same quarter last year; diluted EPS $1.97 versus $1.56.
- August 6, 2026
What is EPAM worth? A DCF from its reported cash flow
Insider trades
What the people running EPAM Systems, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 7 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 31, 2026 | Fejes BalazsCEO, President, Director, Director | Other change | 45 | $4.3K |
| October 31, 2026 | Solomon Lawrence FSVP/Chief People Officer | Other change | 79 | $7.5K |
| October 31, 2026 | Peterson Jason D.Chief Financial Officer | Other change | 79 | $7.5K |
| October 31, 2026 | Abrahams Gary CVP, Corporate Controller, PAO | Other change | 79 | $7.5K |
| October 31, 2026 | Dvorkin ViktarChief Deliv Off, EVP, Americas | Other change | 79 | $7.5K |
| October 31, 2026 | Rockwell EdwardSVP/Chief Legal Officer | Other change | 79 | $7.5K |
| September 1, 2026 | Fejes BalazsCEO, President, Director, Director | Shares withheld for tax | 412 | $48.5K |
| May 22, 2026 | Roman EugeneDirector | Shares withheld for tax | 673 | $69.4K |
Who owns EPAM
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Capital World Investors13G, passive | 9.4% | August 12, 2026 |
| Vanguard Portfolio Management13G, passive | 5.65% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.12% | July 31, 2026 |
Largest institutional holders
Insiders
18 insiders reported holding 1,675,525 shares in total, about $275M at the last price.
| Holder | Shares |
|---|---|
| Dobkin ArkadiyExecutive Chairman, Director | 1,333,765 |
| Dvorkin ViktarSVP/Head of Global Delivery | 82,43938,124 held indirectly |
| Fejes BalazsCEO, President, Director, Director | 48,324 |
| Peterson Jason D.Chief Financial Officer | 44,463 |
| Solomon Lawrence FSVP/Chief People Officer | 30,390 |
| Shekhter ElainaSVP, Chief Strategy Officer | 21,141 |
| Shnayder BorisSVP/Co-Head of Global Business | 15,645 |
| Rockwell EdwardSVP/Chief Legal Officer | 15,201 |
| Vargo Ronald PDirector | 13,058 |
| Mayoras Richard MichaelDirector | 12,825 |
Questions about EPAM
What does EPAM Systems, Inc. do?
EPAM Systems, Inc. is a company in the Technology sector, listed on NYSE as EPAM. Its shares trade on NYSE under the ticker EPAM.
What is EPAM Systems, Inc.'s net worth?
EPAM Systems, Inc. has a market value (market cap) of $8.5B at the latest share price, and shareholders' equity of $3.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is EPAM Systems, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $425.2M on revenue of $5.6B, a net margin of 7.5%.
How much revenue does EPAM Systems, Inc. make?
Over the twelve months to September 30, 2026 EPAM Systems, Inc. reported revenue of $5.6B. That is 6.6% more than a year earlier.
When did EPAM Systems, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.
When is EPAM Systems, Inc.'s next earnings report?
EPAM Systems, Inc.'s next report is expected around February 18, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values EPAM Systems, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.