---
schema_version: "secwatch.filing_event.v1"
accession: "0001352010-22-000053"
form_type: "8-K"
ticker: "EPAM"
cik: "0001352010"
company_name: "EPAM Systems, Inc."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T08:25:18.581985+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# EPAM Q3 revenue $1.227B (+24.1% YoY); GAAP EPS $2.63 (+34.9%); guides Q4 rev $1.22-$1.23B

## Summary
- Revenue $1.227B, up 24.1% YoY (29.8% constant currency); acquisitions contributed 4.2%, Russia exit reduced by 4.7%.
- GAAP diluted EPS $2.63 (+34.9% YoY); Non-GAAP diluted EPS $3.10 (+28.1% YoY).
- Q4 guidance: revenue $1.220-$1.230B (11% YoY growth at midpoint), GAAP EPS $2.02-$2.10, Non-GAAP EPS $2.62-$2.70.
- Cash from operations $278M for first nine months of 2022; total headcount ~60,300 as of Sep 30, 2022.
- Non-GAAP operating margin 18.9%; GAAP operating margin 14.7%; CEO cited strong Ukraine team performance.

## SEC filing metadata
- accession: 0001352010-22-000053
- form_type: 8-K
- ticker: EPAM
- cik: 0001352010
- company_name: EPAM Systems, Inc.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1352010/000135201022000053/0001352010-22-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1352010/000135201022000053/epam-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001352010-22-000053
- JSON: https://secwatch.observer/filing/0001352010-22-000053.json
- Plain text: https://secwatch.observer/filing/0001352010-22-000053.txt

## Key facts
- Earnings Releases
  EPAM Systems, Inc. reported the third quarter ended September 30, 2022 results: revenue $1.227 billion, EPS $2.63. Guidance reaffirmed.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $1.227 billion
  - EPS: $2.63
  - Guidance: reaffirmed
  - Result: reported results
  source text: EPAM Reports Results for Third Quarter 2022 • Third quarter revenues of $1.227 billion, up 24.1% year-over-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1352010/000135201022000053/0001352010-22-000053-index.htm
- Earnings Releases
  EPAM Systems, Inc. updated its the fourth quarter guidance (initiated).
  - Period: the fourth quarter
  - Guidance: initiated
  - Result: guidance update
  source text: EPAM expects the following for the fourth quarter: • Revenues will be in the range of $1.220 billion to $1.230 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1352010/000135201022000053/0001352010-22-000053-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.