EPAM

EPAM Systems, Inc.

Ticker: EPAMTechnologyComputer Services
HQ NEWTOWN, PACIK 1352010FY end 12-31Book / share $66.12Shares 53M
Revenue (FY)
$5.46B+15.42%
TTM $5.62B
Op. margin
9.53%-1.99%
TTM 10.03%
Net income
$377.68M-16.91%
TTM $401.67M
Operating cash
$654.93M+17.13%
TTM $538.79M
Free cash flow
$612.69M+16.26%
TTM $482.64M
Return on equity
10.27%-2.25%
TTM 11.42%
Debt / equity
0.01-0.00%
TTM 0.01
Shares outstanding
56.2M-3.02%
TTM 53.2M

The business

EPAM Systems, Inc. (NYSE: EPAM) operates as a leading global provider of digital engineering, cloud, and artificial intelligence-enabled transformation services. The company maintains its website at https://www.epam.com and serves as a business and experience consulting partner for global enterprises and ambitious startups seeking to address their digital transformation challenges.

The company delivers comprehensive business and technology transformation services by combining integrated strategy, experience, and technology consulting with over 30 years of engineering execution. EPAM's service offerings span multiple domains including engineering, cloud platforms, data analytics, artificial intelligence, customer experience design, marketing services through its Empathy Lab brand, and cybersecurity. The company leverages proprietary platforms such as EPAM AI/RUN and initiatives like DIALX Lab to integrate advanced AI technologies into tailored business strategies.

EPAM serves five primary industry verticals: Financial Services, Consumer Goods and Retail & Travel, Software & Hi-Tech, Business Information & Media, and Life Sciences & Healthcare, alongside emerging verticals in energy, telecommunications, education, and manufacturing. The company maintains a geographically diverse client base, with 64.4% of 2025 revenues derived from clients with at least five years of service history. Top five clients represented 13.7% of revenues in 2025, reflecting the company's focus on client diversification.

As of December 31, 2025, EPAM employed approximately 62,850 employees, including roughly 56,600 delivery professionals consisting of software engineers, consultants, designers, architects, and trainers. The company operates a global delivery model across multiple locations, with India representing its largest delivery center at approximately 12,200 professionals, followed by Ukraine with 8,750 professionals, Poland with 5,050, Belarus with 3,400, and Mexico with 2,950. The company's delivery professionals achieved a utilization rate of approximately 76.8% in 2025.

EPAM maintains competitive advantages through its technical expertise, end-to-end solution capabilities, proven delivery track record, employee recruitment and retention practices, and scalable global delivery infrastructure. The company holds multiple quality and security certifications including ISO 27001, ISO 27701, and ISO 9001 standards, and obtains SOC1, SOC2, and SOC3 reports for certain services.

Sector
Technology
Industry
Computer Services
HQ
NEWTOWN, PA
FY end
12-31
CIK
1352010
SIC
7371
Financial performance · annual
20132025
$-561.67M$1.12B$2.81B$4.49B$6.18B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds EPAM Systems, Inc. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

413
funds hold it
0 of 35
superinvestors hold it
$2.58B
fund-held value
53.5%
of shares held by funds

Top fund holders

Fund% of fundValue
iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.22%$249.76M
Invesco S&P 500 Equal Weight ETF
RSP · Invesco Exchange-Traded Fund Trust
0.15%$135.23M
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$125.08M
New Economy Fund
ANEFX
0.21%$109.27M
VANGUARD INFORMATION TECHNOLOGY INDEX FUND
VGT · VANGUARD WORLD FUND
0.06%$98.04M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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15 years of EPAM Systems, Inc.'s financials

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