Earnings summaries and quarterly performance for EPAM Systems.
Executive leadership at EPAM Systems.
BF
Balazs Fejes
Detailed
Chief Executive Officer and President
CEO
AD
Arkadiy Dobkin
Detailed
Executive Chairman
BS
Boris Shnayder
Detailed
Senior Vice President, Co-Head of Global Business
ER
Edward Rockwell
Detailed
Senior Vice President, General Counsel and Corporate Secretary
ES
Elaina Shekhter
Detailed
Senior Vice President, Chief Marketing and Strategy Officer
GA
Gary Abrahams
Detailed
Vice President, Corporate Controller, Chief Accounting Officer
JP
Jason Peterson
Detailed
Senior Vice President, Chief Financial Officer and Treasurer
LS
Larry Solomon
Detailed
Senior Vice President, Chief People Officer
SY
Sergey Yezhkov
Detailed
Senior Vice President, Co-Head of Global Business
VD
Viktar Dvorkin
Detailed
Senior Vice President, Head of Global Engineering, Cloud and Platforms
Board of directors at EPAM Systems.
CM
Chandra McMahon
Detailed
Director
DA
DeAnne Aguirre
Detailed
Director
ER
Eugene Roman
Detailed
Director
HS
Helen Shan
Detailed
Director
JS
Jill Smart
Detailed
Director
KR
Karl Robb
Detailed
Director
RM
Richard Michael Mayoras
Detailed
Lead Independent Director
RE
Robert E. Segert
Detailed
Director
RV
Ronald Vargo
Detailed
Director
Research analysts who have asked questions during EPAM Systems earnings calls.
David Grossman
Stifel
6 questions for EPAM
Also covers: DCGO, DH, DRIO +3 more
JL
Jonathan Lee
Arias Resource Capital
6 questions for EPAM
Also covers: ACN, CTSH, DAVA +7 more
JK
Jason Kupferberg
Bank of America
5 questions for EPAM
Also covers: ACN, ADP, AFRM +16 more
BB
Bryan Bergin
TD Cowen
4 questions for EPAM
Also covers: ACN, ADP, ASUR +17 more
BK
Bryan Keane
Deutsche Bank
3 questions for EPAM
Also covers: ACN, ADP, AFRM +17 more
DP
Darrin Peller
Wolfe Research, LLC
3 questions for EPAM
Also covers: ACN, ADYYF, AFRM +27 more
MN
Margaret Nolan
William Blair & Company
3 questions for EPAM
Also covers: ASGN, CSGS, CTSH +12 more
Puneet Jain
JPMorgan Chase & Co.
3 questions for EPAM
Also covers: BR, CINT, DAVA +7 more
BB
Brian Bergen
TD Cowen
2 questions for EPAM
Also covers: CINT, FIS
JF
James Friedman
Susquehanna Financial Group, LLLP
2 questions for EPAM
Also covers: AFRM, AVDX, BETR +19 more
Jamie Friedman
Susquehanna International Group
2 questions for EPAM
Also covers: ACN, AFRM, CTSH +8 more
JS
Jim Schneider
Goldman Sachs
2 questions for EPAM
Also covers: ACN, ADI, AMAT +29 more
MN
Maggie Nolan
William Blair
2 questions for EPAM
Also covers: ASGN, G, PLUS
Ramsey El-Assal
Barclays
2 questions for EPAM
Also covers: ACN, ADP, AFRM +22 more
ST
Surinder Thind
Jefferies Financial Group
2 questions for EPAM
Also covers: ASGN, CLVT, CSGP +25 more
JS
James Schneider
Goldman Sachs
1 question for EPAM
Also covers: ACN, AMAT, AMKR +28 more
MN
Maggie Nolan
William Blair & Company, L.L.C.
1 question for EPAM
Also covers: ASGN, CTSH, DAVA +6 more
Recent press releases and 8-K filings for EPAM.
EPAM Systems reports Q4 2025 earnings and 2026 guidance
EPAM
Earnings
Guidance Update
Share Buyback
- EPAM delivered $1.43 billion in Q4 2025 revenues, up 12.8% year-over-year (5.6% organic); five of six industry verticals and all major regions grew, led by EMEA (+21.8%) and financial services (+19.8%).
- The company generated over $105 million in pure AI-native revenues in Q4 and expects to scale AI-native services to >$600 million in 2026, underscoring its shift toward AI-driven offerings.
- Q1 2026 revenue is guided to $1.385–1.40 billion (7% Y/Y, ~3% organic); full-year 2026 revenue growth is forecast at 4.5–7.5% (3–6% organic), with GAAP EPS of $7.95–8.25 and non-GAAP EPS of $12.60–12.90.
- Operational cash flow in Q4 was $283 million, free cash flow $268 million; year-end cash and equivalents totaled $1.3 billion. Q4 share repurchases were 1.2 million shares for $224 million. Full-year 2025 free cash flow conversion was 94.7% of adjusted net income.
6 days ago
EPAM Systems reports Q4 2025 results
EPAM
Earnings
Guidance Update
Share Buyback
- Q4 revenue of $1.40 billion, up 12.8% reported and 5.6% organic constant currency; GAAP EPS $1.98, non-GAAP EPS $3.26, +14.8% YoY.
- Pure AI-native revenues exceeded $105 million in Q4, with a target to scale AI-native services beyond $600 million in 2026.
- FY 2025 revenue of $5.46 billion, +15.4% reported and +4.9% organic; non-GAAP operating margin 15.2%, non-GAAP EPS $11.50.
- 2026 outlook: revenue growth 4.5%–7.5% (organic 3%–6%); non-GAAP operating margin 15%–16%; non-GAAP EPS $12.60–12.90.
- Returned capital with 3.5 million shares repurchased for $661 million in 2025 (Q4: 1.2 million shares for $224 million).
6 days ago
EPAM announces Q4 2025 results
EPAM
Earnings
Guidance Update
Share Buyback
- EPAM delivered double-digit revenue growth in Q4, including 5.6% organic constant-currency growth, and generated over $105 million in AI-native revenues in the quarter, with AI-native services expected to exceed $600 million in 2026.
- Q4 cash flow from operations was $283 million, free cash flow $268 million, and cash and equivalents ended at $1.3 billion; the company repurchased 1.2 million shares for $224 million in the quarter.
- For full-year 2025, EPAM reported $5.46 billion in revenue (up 15.4% reported, 4.9% organic), GAAP EPS of $6.72, and non-GAAP EPS of $11.50.
- 2026 guidance: revenue growth of 4.5%–7.5% (3%–6% organic), non-GAAP operating margin of 15%–16%, and non-GAAP EPS of $12.60–$12.90.
6 days ago
EPAM Systems reports Q4 and full year 2025 results
EPAM
Earnings
Share Buyback
- Revenues for Q4 2025 were $1.408 billion, up 12.8% yoy; GAAP diluted EPS was $1.98 (+10.0%) and non-GAAP diluted EPS was $3.26 (+14.8%)
- Full-year 2025 revenues reached $5.457 billion, up 15.4% yoy; GAAP diluted EPS was $6.72 (−14.3%) and non-GAAP diluted EPS was $11.50 (+5.9%)
- Operating cash flow for 2025 was $654.9 million, with Q4 cash from operations of $282.9 million, and year-end cash and equivalents of $1.301 billion
- The company repurchased 1.16 million shares for $223.5 million in Q4 and 3.54 million shares for $660.6 million during the year under its share repurchase programs
6 days ago
EPAM Systems reports Q4 and full-year 2025 results
EPAM
Earnings
Guidance Update
- Q4 2025 revenues were $1.408 billion, up 12.8% Y/Y; GAAP diluted EPS was $1.98 (+10.0% Y/Y) and non-GAAP diluted EPS was $3.26 (+14.8% Y/Y).
- Full year 2025 revenues reached $5.457 billion, up 15.4% Y/Y; GAAP diluted EPS was $6.72 (–14.3% Y/Y) and non-GAAP diluted EPS was $11.50 (+5.9% Y/Y).
- 2026 outlook calls for 4.5%–7.5% revenue growth; GAAP EPS of $7.95–$8.25 and non-GAAP EPS of $12.60–$12.90.
6 days ago
EPAM announces strategic partnership with Cursor
EPAM
New Projects/Investments
- EPAM Systems, Inc. announced a strategic partnership with Cursor to accelerate enterprise adoption of generative AI engineering by combining EPAM’s large-scale technology implementation expertise with Cursor’s AI-native IDE.
- The collaboration leverages EPAM’s 50,000+ engineering professionals globally to deploy scaled AI-native workflows across complex enterprise ecosystems.
- EPAM will provide clients with training, change management, curated context, and productivity measurement to drive accelerated adoption of AI-first development environments.
- The partnership aims to deliver measurable improvements in productivity, sustainable quality, and developer experience, integrating frontier AI capabilities to maintain a competitive edge.
Jan 8, 2026, 1:02 PM
EPAM launches seven AI agents on Google Cloud Marketplace
EPAM
Product Launch
- EPAM Systems has launched seven AI agents on Google Cloud Marketplace, offering production-ready solutions tailored to finance, healthcare, retail and more.
- The agents, built on Gemini Enterprise, automate functions including KYC, clinical trial document authoring, drug discovery workflows, SQL query optimization, retail media orchestration, video processing, and natural-language data analysis.
- EPAM enhanced Google's Agent-to-Agent protocol and Agent Developer Kit to ensure scalable, secure deployment on Google Cloud's infrastructure.
- The release underscores EPAM's 360-degree collaboration with Google Cloud to drive digital and AI transformation while optimizing clients’ cloud spend.
Dec 9, 2025, 1:02 PM
EPAM reports Q3 2025 results
EPAM
Earnings
Guidance Update
Share Buyback
- EPAM generated $1.394 billion in Q3 revenue, up 19.4% year-over-year, with organic constant currency growth of 7.1% driven by AI and cloud engagements.
- GAAP gross margin was 29.5% and non-GAAP gross margin was 31%, reflecting higher variable compensation and recent acquisition impacts.
- The company repurchased 493,000 shares for $82 million in Q3 and announced a new $1 billion share buyback program.
- Full-year 2025 revenue guidance was raised to $5.430 billion–$5.445 billion (organic constant currency growth of 4.6% at midpoint), with Q4 revenue expected at $1.380 billion–$1.395 billion.
Nov 6, 2025, 1:00 PM
EPAM Systems reports Q3 2025 results and raises full-year guidance
EPAM
Earnings
Guidance Update
Share Buyback
- EPAM delivered Q3 revenue of $1.394 billion, up 19.4% year-over-year, with organic constant currency growth of 7.1%.
- GAAP diluted EPS was $1.91, down $0.46 YoY, while non-GAAP diluted EPS was $3.08, down $0.04 YoY.
- The company repurchased $82.1 million of stock in Q3 and launched a new $1 billion share buyback program.
- EPAM raised its 2025 revenue guidance to $5.430 billion–$5.445 billion (15.0% growth midpoint) , and lifted GAAP EPS outlook to $6.75–$6.83 and non-GAAP EPS to $11.36–$11.44.
Nov 6, 2025, 11:00 AM
EPAM reports Q3 2025 results and raises full-year outlook
EPAM
Earnings
Guidance Update
Share Buyback
- Revenues of $1.394 billion, up 19.4% year-over-year; GAAP diluted EPS of $1.91 and non-GAAP diluted EPS of $3.08 for Q3 2025.
- Full-year guidance raised: revenue growth now 14.8%–15.2% (15.0% midpoint), GAAP EPS to $6.75–$6.83, non-GAAP EPS to $11.36–$11.44.
- Returned capital with $82.1 million in Q3 share repurchases and authorized a new $1 billion buyback program.
Nov 6, 2025, 12:51 AM
Quarterly earnings call transcripts for EPAM Systems.
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