Arkadiy Dobkin
Arkadiy Dobkin, the Company’s Chief Executive Officer and President, will transition to the role of Executive Chairman on September 1, 2025
Highest-materiality recent filing
EPAM Q2 revenue $1.415B (+4.5% YoY); GAAP EPS $1.97 (+26.3%); raises full-year guidance
Revenue $1.415B, up 4.5% YoY; organic constant currency growth 3.4%.
Shareholders approved 4,000,000 share increase to 2025 LTIP, raising total pool to 6,500,000 shares.
EPAM Q1 revenue $1.4B up 7.6% YoY; non-GAAP EPS $2.86 beats; raises full-year guidance
Revenue $1.400B (+7.6% YoY); GAAP EPS $1.52 (+18.8%); non-GAAP EPS $2.86 (+18.7%).
EPAM Systems launches $300M accelerated share repurchase with Morgan Stanley
Company pays $300M to Morgan Stanley, receives initial delivery of 1,703,336 shares (~$240M based on Mar 4 close).
EPAM Q4 revenue up 12.8% YoY to $1.41B; guides 2026 rev growth 4.5-7.5%
Q4 revenues $1.408B (+12.8% YoY); GAAP diluted EPS $1.98 (+10%); non-GAAP diluted EPS $3.26 (+14.8%).
EPAM Q3 rev $1.394B (+19.4% YoY); raises FY rev growth to 15%, EPS to $6.75-6.83; new $1B buyback
Q3 GAAP EPS $1.91 (-19.4% YoY); non-GAAP EPS $3.08 (-1.3% YoY). GAAP op margin 10.4%; non-GAAP 16.0%.
EPAM enters into new $700M revolving credit facility, upsizable to $1.2B
New five-year $700M revolving credit facility replaces 2021 credit agreement, effective October 3, 2025.
EPAM appoints Balazs Fejes as CEO, Dobkin becomes Executive Chairman effective Sept 1
Balazs Fejes appointed CEO and President effective Sept 1, 2025; Arkadiy Dobkin becomes Executive Chairman.
EPAM Q2 revenue $1.353B (+18% YoY), raises FY2025 revenue growth guidance to 13-15%
GAAP diluted EPS $1.56 (down 8.2% YoY); non-GAAP diluted EPS $2.77 (up 13.1% YoY).
EPAM Q1 revenue up 11.7% to $1.302B; raises FY2025 guidance; CEO succession planned
Q1 revenue $1.302B (+11.7% YoY); GAAP op income $99.3M (7.6% rev); non-GAAP op income $175.8M (13.5% rev).
EPAM Q4 revenue $1.248B +7.9% YoY; non-GAAP EPS $2.84; guides FY2025 rev growth 10-14%
Q4 revenues $1.248B (+7.9% YoY); organic constant currency growth 1.0%; GAAP EPS $1.80 (+8.4%), non-GAAP EPS $2.84 (+3.3%).
EPAM Q3 revenue up 1.3% YoY to $1.168B; GAAP EPS $2.37; raises full-year outlook
GAAP diluted EPS $2.37 (+43.6% YoY); non-GAAP diluted EPS $3.12 (+14.3%).
EPAM completes $630M acquisition of NEORIS, boosting LatAm and Europe delivery
Acquired 99.692% of NEORIS for $630M cash, subject to customary adjustments.
EPAM to acquire NEORIS for $630M cash; expands LATAM delivery capabilities
Purchase price $630M in cash, subject to customary adjustments; expected close Q4 2024.
EPAM Q2 revenue $1.147B (-2% YoY); narrows FY24 guidance; new $500M buyback
Q2 GAAP diluted EPS $1.70 (-$0.33 YoY); non-GAAP diluted EPS $2.45 (-$0.19 YoY).
EPAM Q1 revenue $1.165B (-3.8% YoY), GAAP EPS $1.97; cuts FY revenue guidance to $4.575-4.675B
Q1 revenue $1.165B (-3.8% YoY); GAAP operating margin 9.5%, non-GAAP 14.9%.
EPAM Q4 revenue down 6% to $1.157B; FY24 revenue growth guidance 1%-4%
Q4 2023 revenue $1.157B (-6.0% YoY); GAAP EPS $1.66 (-36.4%); Non-GAAP EPS $2.75 (-6.1%).
EPAM Q3 revenue $1.152B (-6.1% YoY); GAAP EPS $1.65, initiates cost optimization program
GAAP diluted EPS $1.65 (down $0.98 YoY); Non-GAAP diluted EPS $2.73 (down $0.37 YoY).
EPAM Q2 revenues down 2.1% to $1.17B; narrows FY revenue guidance to $4.65-4.70B
GAAP diluted EPS $2.03 vs $0.32 YoY; Non-GAAP diluted EPS $2.64 vs $2.38, up 10.9%.
EPAM cuts Q2 and FY 2023 guidance on demand softness; revenue now seen down 2%
Full year revenue guidance reduced to $4.650B–$4.800B, a 2% YoY decline at midpoint.
EPAM reports Q1 revenue $1.211B (+3.4% YoY); updates FY2023 outlook with revenue $4.95-5.0B
Q1 revenue $1.211B, up 3.4% YoY; organic constant currency growth +7.0% excluding Russia exit.
EPAM Q4 revenue $1.23B (+11.2% YoY), non-GAAP EPS $2.93; $500M buyback; FY23 rev at least $5.25B
Q4 revenue $1.231B (+11.2% YoY, constant currency +14.4%); GAAP EPS $2.61 (+8.7%), non-GAAP EPS $2.93 (+6.2%).
EPAM Q3 revenue $1.227B (+24.1% YoY); GAAP EPS $2.63 (+34.9%); guides Q4 rev $1.22-$1.23B
Revenue $1.227B, up 24.1% YoY (29.8% constant currency); acquisitions contributed 4.2%, Russia exit reduced by 4.7%.
EPAM Q2 revenue $1.195B (+35.6% YoY); Non-GAAP EPS $2.38 (+16.1%); GAAP EPS $0.32 on ruble FX
Revenue $1.195B, up 35.6% YoY (40.1% constant currency); acquisitions contributed 6.2%.
EPAM Q1 revenue up 50% to $1.17B but GAAP EPS down 18%; Q2 guidance well below Q1
Revenue $1.172B, +50.1% YoY (organic +40.1%, acquisitions +9.9%). GAAP income from ops 11% of revenue.
EPAM begins exiting Russia operations; relocating employees over next three months
Begins process to exit Russia operations; phased completion over next three months.
EPAM discontinues services to Russian customers, commits $100M to Ukrainian employees
EPAM will discontinue services to customers located in Russia; no government work in Russia.
EPAM withdraws Q1 and FY 2022 guidance citing Ukraine uncertainties
Withdrew Q1 and FY 2022 financial outlook due to heightened uncertainties from military actions in Ukraine.
Russian forces launched military action against Ukraine on Feb 24, 2022; EPAM has ~14,000 personnel in Ukraine (13,000 delivery) plus staff in Russia/Belarus.
EPAM Q4 revenue $1.107B (+53% YoY); FY2022 guidance above $5.15B
Q4 revenue $1.107B, +53.1% YoY; GAAP EPS $2.40 (+64.4%), non-GAAP EPS $2.76 (+52.5%).
EPAM Q3 revenue $988.5M (+51.6% YoY); raises FY21 EPS outlook
GAAP diluted EPS $1.95 (+27.5% YoY); Non-GAAP diluted EPS $2.42 (+46.7% YoY).
EPAM Q2 revenue up 39.4% to $881M; raises FY outlook
Q2 revenue $881.4M, +39.4% YoY; GAAP EPS $1.94 (+70.2%), non-GAAP EPS $2.05 (+40.4%).
Arkadiy Dobkin, the Company’s Chief Executive Officer and President, will transition to the role of Executive Chairman on September 1, 2025
Balazs Fejes, the Company’s current President of Global Business and Chief Revenue Officer, will become Chief Executive Officer and President as of the Effective Date.
appointed Ms. Chandra McMahon to serve on the Board as an independent director and a member of the Audit Committee of the Board.
On March 10, 2023, the Board of Directors (the “Board”) of EPAM Systems, Inc. (the “Company”), upon the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed Ms. DeAnne M. Aguirre to serve on the Board as an independent director
Max materiality 0.85 · Median 0.75 · Most common event earnings